Introduction to Hospitality Business Economics (5 cr)

Objectives (course unit)

You will learn how to calculate margins and profitability in practice and the importance of the calculation in performance-oriented pre-work. You will also learn profitability thinking with practical examples.

Student:
- is able to develop essential financial management skills in the field of restonomi - is able to explain the meaning of accounting and its connection to the rest of the organization's operations - is able to utilize spreadsheet software in the calculation of the professional field.
- is able to interpret performance indicators and income statement

Content (course unit)

WHAT is the importance of financial management as a component of business success?
WHAT mathematical and financial skills are needed in the profession?
HOW are professional calculations are done using a spreadsheet software?

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

The student performs basic arithmetic tasks in the profession.
The student uses ready-made calculation templates in Excel and performs simple calculations in a guided manner.

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

The student makes calculation templates in Excel and performs demanding calculations independently.
The student is able to choose the most appropriate procedure from different options and justify his / her choice.
The student understands the importance of economics in business.

Assessment criteria, excellent (5) (course unit)

The student makes demanding spreadsheets in Excel and uses them to aid in simulation.
The student applies mathematics to solve problems. He / she is able to look for different ways of working and solutions, justify his / her choices and try new ways of working.
The student understands the importance of economics in business.

Location and time

7.3.2025 12-30-15.00 Zoom. Opintojakson aloitus ja suorittaminen. Tiimitehtävänanto ja tiimityön aloittaminen. Eduhouse materiaalin esittely ja Excel harjoitukset sekä tehtävät. Sisäinen tuloslaskelma. Hinnoittelu.
3.4.2025 9.00-11.30 Zoom. Excel harjoituksia ja tiimitehtävän ja yksilötehtävien väliarviointi.
24.4.2025 9.00-11.30 Zoom. Tiimitehtävän purku. Tenttiin valmistautuminen.
Tentti Pe 25.4.2025 klo 15-20 välillä, Moodle. Aikaa tentin tekemiseen 90 min.

Exam schedules

Moodletentti Pe 25.4.2025 klo 15-20 välillä. Aikaa tentin tekemiseen 90 min.

Assessment methods and criteria

Opintojakson tehtävät 50%, Moodletentti 50%.

Assessment scale

0-5

Teaching methods

Luento-opetusta (etänä), itsenäinen työskentely, pienryhmätyöskentely

Learning materials

Moodlessa oleva materiaali

Student workload

Luento opetusta 7,5h. Itsenäistä- sekä ryhmätyöskentelyä 127,5h

Completion alternatives

AHOT-erikseen sovitusti

Further information

Opiskelijalla on oltava käytettävissä Excel-taulukkolaskentaohjelma.