Study Guide

Objectives (course unit)

This course aims to give the student an insight into the phenomena and laws that influence the business environment.

After completing the course, the student will be able to:
• know the basics of business planning and starting a business.
• identify the main theories and concepts of economics.
• be familiar with business forms and the principles of profitable business planning.

Content (course unit)

The contents include the followings:
• What elements make up the business environment and how are economic phenomena reflected in companies' activities?
• How do different types of businesses differ?
• What is contract law?
• What does accounting involve?

Prerequisites (course unit)

None.

Further information (course unit)

Implementation plan.

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

The student will identify the principles that guide the economy. They understand the basic conditions of entrepreneurship. The student will participate in practical work based on theory in the learning environment chosen for the implementation.

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

The student will analyze the elements of the national economy and choose activities related to starting a business, taking into account legal aspects. Understand the role of the economy in business. The student will actively participate in the learning environment chosen for the implementation.

Assessment criteria, excellent (5) (course unit)

The student will be able to analyse the requirements of the business environment when setting up a company and recommend appropriate working methods and procedures. They will be able to assess the conditions for starting a business and support others if necessary. The student will take committed responsibility for working in the learning environment chosen for implementation.

Location and time

The course Business Environment consists of 3 parts, which are marked in the study calendars. The parts are:

1. Basic Business Studies by Elena Grigorova
2. Financial Accounting by Petteri Vilen
3. Legal Aspects by Sirkka Saarinen

All the lectures are to be held in Tamk kuntokatu premises.

Exam schedules

The exam procedures are confirmed during the first lecture, by the teacher of each part:

1. Basic Business Studies:
- Exam in TUNI Exam

2. Financial Accounting:
- Exam 8th October 2024, at 2PM in A3-27

3. Legal aspects:
- To be defined

Assessment methods and criteria

During the first lecture, each teacher will introduce the grounds for his course part evaluation.

Assessment scale

0-5

Teaching methods

- Contact teaching (default)
- Independent studies
- Team working
- Exercises and assigments

During the course, there can be also other related ad hoc teaching methods in use, as instructed by the teacher.

Learning materials

The detailed teaching materials are to be informed by the teacher of each part:

1. Basic Business Studies:
- Materials in Moodle

2. Financial Accounting:
- Course slides, the core of the course
- Exercises by using Excel
- As supportive book: Accounting and Finance, an Introduction (McLaney-Atrill)

3. Legal Aspects
- To be defined

Student workload

The course total is 5 credits distributed as follows:

1. Basic Business Studies 1cr
2. Financial Accounting 3cr
3. Legal Aspects 1cr

The default time and effort is 27h per 1cr, which totals all the related work done.

Content scheduling

This course consists of independent parts, which are:

1. Basic Business Studies, teacher Elena Grigorova
2. Financial Accounting, teacher Petteri Vilen
3. Legal Aspects, teacher Sirkka Saarinen

International connections

The Business Environment course is all in English, as part international business studies

Further information

Be noted!
In calendars the Business Environment course parts can be identified according the teacher.