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Before choosing courseML1020 Industrial Economics and Organisation 7.5 creditsAdministrate About course

Engineering is more than technology. To participate in technology-based businesses as an engineer, carry out projects, develop businesses and lead teams and employees in today's companies, a solid knowledge in industrial management is needed. In practice, the key to success lies in an understanding of technical and economic aspects of decisions.

Course offering missing for current semester as well as for previous and coming semesters
* Retrieved from Course syllabus ML1020 (Spring 2014–)

Content and learning outcomes

Course contents

  • Formal forms of companies. Conditions of enterprices and their interaction with the surrounding.
  • Organizational principles, corporate image, quality, management philosophy, and other soft values and characteristics input to business processes. Formal and informal structures in organizations.
  • Basic markering concepts and models.
  • Result och liquidity. Short and long term calculation. Accounting analysis due to business ratios. Accounting principles. Capital cost, need and aquiring.
  • Law; employment rules, marketing conditions and antitrust legislation.

Intended learning outcomes

After completing the course the student will be able to:

  • give an account for (without further details) social economic phenomenon as for example market economi, employment, growth and foreign trade. The student will also give her point of view in different economic and political issues activities based on her own values.
  • identify and describe different type of enterprise organisation
  • explain why a company which pay regard to human needs and resources in consequense also gets higher profit
  • perform a result analysis and calculate brake even and different margins
  • lay out and solve a simpel optimization calculation with two variables(products) and several restrictions
  • lay out and accomplish a traditional cost price calculation with conventional divided overheads
  • lay out and solve a long term investment calculation due to pay-back time and net present value
  • choose and justify for when different types of calculations are appropriate
  • calculate cost for assets due to inventory, trade demand and trade debts
  • give an account for different rules in external accounting
  • perform easier calculations of depreciation according to the books and closing account reservation
  • explain the meaning of a market oriented company, describe the marketing process and apply some strategic marketing tools and models
  • interpret rules and suggest applying situation for some major laws in the field of business

Course Disposition

Lectures
Exercises

Literature and preparations

Specific prerequisites

No information inserted

Recommended prerequisites

No information inserted

Equipment

No information inserted

Literature

Olsson, J & Skärvad, Företagsekomoni 100 - faktabok, Liber Ekonomi 2011, ISBN 978-91-47-09634-3, Senaste upplaga
Olsson, J & Skärvad, Företagsekomoni 100 - övningsbok, Liber Ekonomi 2011, ISBN 978-91-47-09635-0, Senaste upplaga
Olsson, J & Skärvad, Företagsekomoni 100 - lösningar, Liber Ekonomi 2011, ISBN 978-91-47-09636-7, Senaste upplaga

Examination and completion

If the course is discontinued, students may request to be examined during the following two academic years.

Grading scale

A, B, C, D, E, FX, F

Examination

  • TEN1 - Written Exam, 6,0 hp, betygsskala: A, B, C, D, E, FX, F
  • ÖVN1 - Exercise, 1,5 hp, betygsskala: P, F

Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

Aids at the examination:

Calculator
Concise supporting documents with key abbreviations, concepts and some formulas
Interest table for discount rates at investment calculations

Other requirements for final grade

Passed written examination
Passed exercises
The final grade is based on the written examination

Opportunity to complete the requirements via supplementary examination

No information inserted

Opportunity to raise an approved grade via renewed examination

No information inserted

Examiner

Profile picture Claes Hansson

Ethical approach

  • All members of a group are responsible for the group's work.
  • In any assessment, every student shall honestly disclose any help received and sources used.
  • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.

Further information

Course web

Further information about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.

Course web ML1020

Offered by

ITM/Sustainable Production Development

Main field of study

Technology

Education cycle

First cycle

Add-on studies

HU1000 Industrial Marketing
HU1904 Accounting and entrepreneurship
HU1001 Business calculation and decision models