Industrial Economics (5 cr)

Objectives (course unit)

The student understands the basics of industrial accounting. The student masters the basics of cost accounting, investment calculations and budgeting and is able to apply them in international industrial activities. The student understands the key factors of the financial statements and is able to analyze them.

The student understands the various functions of industrial activity and their added value (eg Marketing, Product Development, Production, Purchasing, Logistics) and their connection from the point of view of business management and operational activity. Is able to critically and broadly examine and connect the potential of IoT and sustainable development (eg circular economy) to industry

Content (course unit)

Management accounting, cost accounting, financial statements and industry investments.
Marketing, product development, production and purchasing as well as control of operations in industrial environments.
Iot exploitation in industrial business
Sustainable development.

Assessment criteria, satisfactory (1-2) (course unit)

The student recognizes the basic concepts and boundary conditions of the industrial economy. The student is aware of the laws governing the subject and performs the given tasks, if necessary assisted.

Assessment criteria, good (3-4) (course unit)

Students are familiar with the laws, concepts and boundary conditions governing industrial economy functions. The student performs independently of the given assignments.

Assessment criteria, excellent (5) (course unit)

Students are well-versed in all aspects of industrial economics and are able to apply their skills to a variety of subject areas.

Assessment scale

0-5