Garage Economics (4 cr)

Objectives (course unit)

Students master the basics of garage business management.

Students are able to:
- calculate cost of products and services
- calculate correct price according to the company profitability targets
- calculate cash flow and make a budget accordingly
- calculate the effect of investments on costs, prices and profitability

Content (course unit)

Garage business idea and business plan, cost management, cash flow, budgeting and accounting.

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

The student is able to:
- Calculate the cost of the product and service

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

The student is able to:
- Calculate the cost of the product and service
- Calculate the correct price taking into account the company's profitability goals

Assessment criteria, excellent (5) (course unit)

The student is able to:
- Calculate the cost of the product and service
- Calculate the correct price taking into account the company's profitability goals
- Calculate cash flow and make a budget based on it
- Calculate the impact of investments on costs, sales price and profitability

Location and time

See Lukkari

Exam schedules

Exam in the end of the course

Assessment scale

0-5

Teaching methods

Online and classroom training
Indipendent learning
Exam
Assignment

Learning materials

Moodle

Student workload

According to credits

Content scheduling

Lectures, assignment and exam

Completion alternatives

No

Practical training and working life cooperation

Excursion if it is possible

International connections

N.A:

Further information

Industrial economics from engineering point of view