Study Guide

Learning outcomes

Student is able to
- link foresight and innovation into the strategic management of an organization in a changing operating environment
- search, structure, create and utilize foresight information
- innovate and create new solutions with agile development methods

Implementation and methods of teaching

The study course contains two parts:
* anticipating future trends (2,5 cr), lecturer Anu Nuutinen
* innovation management (2,5 cr), lecturers Sari Jokimies and Anu Kurvinen

Contact teaching on Skinnarila Campus.

Timing and attendance

Introduction lecture wk 35. Participation is mandatory. The important tasks, working methods and timetables for passing the study course are informed.

Timetables according to TimeEdit.

Learning material and recommended literature

Lecture etc. materials are informed on the study course Moodle platform.

Working life cooperation

Course assignments are based on working life co-operation.

Exam retakes

The re-assignments may differ from the assignments done during the course. For example there may be an examination, an essay etc.

Learning environment

Campus, Moodle.

Student time use and work load

1 cr = 27 hours student work (5 cr = 135h).

Note that only a small part of these are covered by the contact lessons.

Contents

Contents of the study course:
- Anticipation as a way of thinking
- Key Concepts and Approaches to Future Research
- Anticipating changes in the operating environment and its application
- Basic concepts and method of innovation management
- The importance and process of innovation
- Company cases

Assessment criteria

MANDATORY:
* presentation to the case-company (futures table and scenarios) and the description of the foresight process
* Learning portfolio

CRITICAL:
* participating the mandatory learning sessions. The exact dates and time are informed on the introduction lecture and Moodle course platform.
* peer feedback

Deadlines for each part will be given and those shall be followed. The effect of missing assignments / participation / etc will be told in the beginning of the course and in Moodle.

Assessment scale

1-5

Failed (0)

Learning objectives were not achieved.

At least one mandatory assignment is not done or will be returned after the given deadline
or
the quality of the returned assignments is poor and there will be one or several critical parts missing or returned late.

Assessment criteria: level 1 (assessment scale 1–5)

The student is able to:
- use professional terms
- describe the basics of foresight and innovation
- describe the importance of foresight and innovation

The student is able to:
- use professional terms
- describe the basics of foresight and innovation
- describe the importance of foresight and innovation

The mandatory assignments are done, but in poor level and all the critical tasks are done.
or
The mandatory assignments are done in ordinary level, but one or more of the critical tasks are missing.
or
The mandatory assignments are done in good quality, but all or nearly all of the critical tasks are missing.

Assessment criteria: level 3 (assessment scale 1–5)

The student is able to:
- use professional concepts and understand their meaning
- describe the process of foresight and innovation
- describe the importance of foresight and innovation for the company and its activities.

The mandatory assignments are done in good quality, but one or more of the critical tasks are missing.
or
The mandatory assignments are done in ordinary level, and all critical tasks are done.

Assessment criteria: level 5 (assessment scale 1–5)

The student is able to:
- use professional terms
- apply foresight and innovation methods
- justify the importance of foresight and innovation as part of the organisation's strategic management


The mandatory assignments are done in good quality and all critical tasks are done.

Learning outcomes

Student is able to
- link foresight and innovation into the strategic management of an organization in a changing operating environment
- search, structure, create and utilize foresight information
- innovate and create new solutions with agile development methods

Implementation and methods of teaching

Contact lectures and workshops
Individual reading tasks
Individual assignments and
group assignments

Timing and attendance

This course implementation is targeted for BIT22K and IB23S students, students from other study groups will be accepted to the course only if there are places available.

Lecture Attendance Policy:
Requirement: To complete the course successfully, you must attend at least 80% of the lectures. Compulsory attendance in the introduction and final presentation lecture and 80 % total attendance requirement.

Consequence: If you fall below the 80% attendance requirement, you will be unenrolled from the course.

Punctuality: Arrive on time for lectures. Check TimeEdit for your lecture schedule and follow it. Attendance registration will be done during the lecturers. Late entry to the classroom will be treated as equivalent to absence.

Assignment Deadline Policy: Late submissions will not be accepted

Activeness during the course contact sessions will affect the final grade positively

Learning material and recommended literature

Materials from the Moodle learning platform &
materials provided by the lecturer.

Alternative completion methods

There is no substitute work.

Learning environment

The Moodle learning platform
Classroom workshops and lecturers

Student time use and work load

A student's estimated workload is 5 x 27 hours
consisting of:
- Contact lectures and workshops
- Individual reading tasks
- Different individual and group course assignments.
Estimated workload is the following:
- Contact lectures and workshops: 24 hrs
- Reading and preparation: 20-25 hrs
- Individual and group assignments: 40-45 hrs
- Final group assignment: 40-45 hrs

Contents

Student is able to
- link foresight and innovation into the strategic management of an organization in a changing operating environment
- search, structure, create and utilize foresight information
- innovate and create new solutions with agile development methods

Assessment criteria

Active participation during the lectures and workshops
Smaller lecture assignments
Final group assignment
Evaluation: 1-5.

Assessment scale

1-5

Failed (0)

The student did not meet the course learning objectives.

Assessment criteria: level 1 (assessment scale 1–5)

The student knows the basic concepts and tools of future research.
The student is able to partly use the environment analyses and forecasting tools.

Assessment criteria: level 3 (assessment scale 1–5)

The student demonstrates good knowledge of the basic concepts and tools of future research.
The student is able to use the environment analyses and forecasting tools

Assessment criteria: level 5 (assessment scale 1–5)

The student demonstrates very good knowledge of the basic concepts and tools of future research.
The student is able to use well the environment analyses and forecasting tools.

Learning outcomes

Student is able to
- link foresight and innovation into the strategic management of an organization in a changing operating environment
- search, structure, create and utilize foresight information
- innovate and create new solutions with agile development methods

Implementation and methods of teaching

Contact lectures and workshops
Individual reading tasks
Individual assignments and
group assignments

Timing and attendance

This course implementation is targeted for IB24K students, students from other study groups will be accepted to the course only if there are places available.

Lecture Attendance Policy:
Requirement: To complete the course successfully, you must attend at least 80% of the lectures. Compulsory attendance in the introduction and final presentation lecture and 80 % total attendance requirement.

Consequence: If you fall below the 80% attendance requirement, you will be unenrolled from the course.

Punctuality: Arrive on time for lectures. Check TimeEdit for your lecture schedule and follow it. Attendance registration will be done during the lectures. Late entry to the classroom will be treated as equivalent to absence.

Assignment Deadline Policy: Late submissions will not be accepted

Activeness during the course contact sessions will affect the final grade positively

Learning material and recommended literature

Materials from the Moodle learning platform &
materials provided by the lecturer.

Alternative completion methods

There is no substitute work.

Learning environment

The Moodle learning platform
Classroom workshops and lecturers

Student time use and work load

A student's estimated workload is 5 x 27 hours
consisting of:
- Contact lectures and workshops
- Individual reading tasks
- Different individual and group course assignments.
Estimated workload is the following:
- Contact lectures and workshops: 24 hrs
- Reading and preparation: 20-25 hrs
- Individual and group assignments: 40-45 hrs
- Final group assignment: 40-45 hrs

Contents

Student is able to
- link foresight and innovation into the strategic management of an organization in a changing operating environment
- search, structure, create and utilize foresight information
- innovate and create new solutions with agile development methods

Assessment criteria

Active participation during the lectures and workshops
Smaller lecture assignments
Final group assignment
Evaluation: 1-5.

Assessment scale

1-5

Failed (0)

The student did not meet the course learning objectives.

Assessment criteria: level 1 (assessment scale 1–5)

The student knows the basic concepts and tools of future research.
The student is able to partly use the environment analyses and forecasting tools.

Assessment criteria: level 3 (assessment scale 1–5)

The student demonstrates good knowledge of the basic concepts and tools of future research.
The student is able to use the environment analyses and forecasting tools

Assessment criteria: level 5 (assessment scale 1–5)

The student demonstrates very good knowledge of the basic concepts and tools of future research.
The student is able to use well the environment analyses and forecasting tools.

Learning outcomes

Student is able to
- understand common mathematical methods used in real business life and when to use them.
- practice critical thinking and handles the problem solving skills.
- find and utilise up to date information.
- find confidence by gaining routine of calculation.

Implementation and methods of teaching

During spring 2024 there will be an in class implementation of Business Mathematics.

Timing and attendance

The course will start on week 3. Each week will have 2 h lecture and 2 h exercise lession. Lectures are contact teaching at the campus and you must attend 80% of the lectures. Exercise lectures at then end of the week are optional.

Learning material and recommended literature

Liike-elämän matematiikka (Saaranen, Kolttola, Pösö)
Most of the material is translated from this book to English.

Exam retakes

There will be two retake exams.

Student time use and work load

In Finland one credit point is confirmed to correspond appr. 27 hours of student's studying. This agreement is based on the Bologna process and ECTS (European Credit Transformation System).

Therefore 3 credit points should respond 80 hours of student's studying and 4 credits points correspondently appr 107 hours.

Only part of 80 hours has normally been covered by the contact lessons.

The required amount of studying depends highly on one’s base level of skills, goals and studying technique.

It is highly recommended, that students will study during the whole course, not just in the end on the course or only some topics of the course. Make a schedule, set targets, do the exercises when they are supposed to be done, attend the Teams-meetings, follow the deadlines.

NOTE, even if the course content may sound easy to some of the students, this course can not be handled without studying. This is proven by so many students during the earlier years. So please do not make a mistake of underestimating the level of difficulty of this course. Business Mathematics is not just calculating, it is very much about understanding and being able to link to real life. Good skills in techniques of mathematics aren’t enough.

Contents

- Percentages
- Taxation
- Contribution margin calculation
- Index numbers
- Simple interest
- Compound interest
- Periodic payments
- Credits and loans

Additional information for students: previous knowledge etc.

Basic algebra, percentage calculations and equations.

Assessment criteria

To pass the course you need to pass the exam (50%) and return 50% of the weekly exercises on time.

Assessment scale

1-5

Failed (0)

The student failed to pass the exam or didn't return enough weekly exercises on time.

Assessment criteria: level 1 (assessment scale 1–5)

50 %

Assessment criteria: level 3 (assessment scale 1–5)

70 %

Assessment criteria: level 5 (assessment scale 1–5)

90 %

Learning outcomes

Student is able to
- understand common mathematical methods used in real business life and when to use them.
- practice critical thinking and handles the problem solving skills.
- find and utilise up to date information.
- find confidence by gaining routine of calculation.

Implementation and methods of teaching

CAMPUS IMPLEMENTATION
for IB-students
This implementation of Business Mathematics is a campus implementation. The contact lessons of this implementation will be held mostly at Skinnarila Campus in Lappeenranta. There will be also some shared Teams and campus -sessions with implementation -3013. Studying is done in Moodle-platform. One sub-tile should be studied per week in MOODLE. Compulsory test that must be past during the week 38.
If a student is skillful enough and he/she is able to take responsibility of studying, this course may be studied in Moodle. Note, that this is not recommended, because it requires a lot of self-discipline from a student.

*************************************
In the beginning of the course
1) INFO: how, when, why, what? An info will be an on-line meeting. Two hours are booked for getting familiar with Moodle.
!!! There will be A COMPULSORY understanding task in Moodle that the student must pass before the studying materials in Moodle will open. Tile's name is “Compulsory!”. NOTE: If you don't do this compulsory task in time, you can not attend the examination either.

Note a "I'm able to attend ans study" -test that must be passed in the end of a week 38 at latest. The student must show that he/she has been able to study. If the test is not passed, a student can not continue the course. Studying from the very beginning is important!

****************************************
Weekly: one sub-tile marked with week-numbers) per week in Moodle
Contact-lessons at campus: during typical week there will be lectures (3) and support for exercises (5) i.e. meetings twice a week.
Studying without teacher's help is also possible.

2) Studying in Moodle. At least a DO BEFORE -test shall be done each week before the common sessions. This gives you an estimate, how much studying you need to do during this week.

3) LESSONS: backgrounds of the topic, rules, things to be noted and examples.
Mainly once a week. Attend if you didn’t get full amount of point from the Do before -test, you want to hear things explained or if you want to ask questions.

4) Studying material is provided in Moodle, for example step-by-step examples and materials that are most useful to study in one’s own time.

5) EXERCISES
Exercises are in Moodle
Practicing is more than important if you want to improve your skills in (applied) mathematics. Please do the exercises even if no one will be watching you. Depending on the topic, the exercises are provided in more traditional format with answers and in some case with tips or in H5P-format.
Exercise-support will be offered typically once a week at campus.


6) Test your skills
In the end of each Moodle sub-tile (i.e. materials for one week) there will be a test. It is wise to check, is the skill-level already adequate or not.

7) EXAM
an on-line examination in Moodle will be offered. Only the answers are given and counted.
A traditional examination will be offered, if there are enough students attending. A student may attend only one examination, not to both.
NOTE: The examination includes 3 crucial questions that a student must handle! The topics are: % of change, VAT-calculation and the logic of simple interest calculation. It may be, that these are tested in Moodle. STUDY! do not just assume that you'll handle these.


RE-EXAMS
There will be two re-examination dates. The implementation type of examination is on-line.
Note: the dates are given beforehand. These dates are also the only possible dates to attend upgrading. One may try to upgrade the grade once and only once.

*****************************

8) The 4th ects will be studied as a GROUP-WORK.
A group of max 4 students will be given a present value investment calculation -task (mainly IB-students) OR if a students attends the Restaurant functions -course during autumn 2024, she/he may choose a group-work about pricing (mainly HOMA-students). The task will be solved and reported step-by-step. This part includes also compulsory H5P-execrises in Moodle.

If the student does the group-work in time, it won’t affect the grade, but it must be completed before the credit points will be saved to Peppi. The deadline is on 1612.2024. The deadline is strict.
If the group-work won’t be passed immediately, it is possible to re-return the work twice. (see Moodle for DL) If the group-work is graded “to be completed” still after the last re-return date, the grade will be lowered by one grade. It the grade was “failed”, this means -2 grades. If the group-work isn’t done, the course will be failed.
Timing: enrolling to a group during the week 47 at latest, group-work during the weeks 48– 51, returning the group-work on 16.12.2024 at latest.

Timing and attendance

This is a course is meant to be studied during the first semester of the studied. It is not wise to skip studying and leave the course to the following years.
It will take the whole autumn semester and passing the course requires studying.
Studying materials are in Moodle.
Support for studying is offered at campus + some Teams-sessions related to topics 3 and group-work-

Attending the lessons is not compulsory, but studying is.

There will be 4 main topics during the course.
Each main topic will have 1–4 subtopics.
Typically, one sub-topic will be studied in one week. So, every week there will be a new topic. Therefore, it is highly recommended that student will study continuously during the whole course.
Every main topic starts “from zero”, although some previous techniques may be used (i.e. problem solving in %-calculation and in indices or %-calculation in indices). So, if student must be absent during some topics, he/she may be able to return quite easily when the next main topic starts. The previous main topic must of course be studied then by one’s own time.
The topics will be in Moodle in leaflets. These will be opened one by one so that a student who follows the recommended timings, may follow it easily.

NOTE: It is highly recommended to use the tile-structure of Moodle. This means do not use the endless “course index” -list that open only the activity, but nothing else like tiles and descriptions.

NOTE: the leaflets are connected to the compulsory task so you need to do that before you'll see the studying materials.

The order of topics can be read in Peppi and in Moodle.
The timings will be seen in TimeEdit.


Using teacher's support is voluntary.
Attending and passing the first test is compulsory.
Attending examination is compulsory. If student misses the examination, no matter the cause, he/she can attend the official re-examinations. No extra examinations will be organized.
The implementation of the 4th credit is a group-work. Timing: weeks 48– 51. DL is on Mon 16.12.2024. Doing the group-work is compulsory.

Learning material and recommended literature

Materials will be given in Moodle.

Additional information and explanations will be told during contact-lessons.

In case student wants to study with help of videos, he/she can find suitable ones from the internet, that may be “full” of ready-made videos. However, it is wise to study the materials provided during the course too.

Alternative completion methods

Handling the topics may only be proven by calculating. Therefore, passing the test and the examination is compulsory and NO individual ways of trying to show the required skills are possible.

Group-work: 1 - 4 members.

This course is a campus implementation. However, if the student is skillful enough and have self-discipline, he/she may study based on the Moodle-materials. Compulsory infos and examination are organizes via Teams/Moodle. A student must understand that this way requires more studying than when attending the lessons at campus. The risk of failure is very high if not enough studying is done.

Working life cooperation

There are no straight connections to companies, but most of the topics are “from real life”. Business Mathematics -course will mostly concentrate on application (like pricing) and in some cases also related legislation must be handled (like terms of payment and interest rate for late payments).

Exam retakes

If the student won’t attend and pass the first "I'm able to attend and study" -test during the week 38 he/she may not continue the course. It means that the re-examination can not be taken either.

For those students who’ll study the course, there will two re-examinations. Those are on-line versions.

The dates are given beforehand and only those re-examinations are available. The other one will be held in the beginning of the spring semester 2025 and the other one later in the spring semester 2025. Please check the exact dates in Moodle. The enrollment is also in Moodle and the student must enroll to the re-examination by him-/her-self before the DL.

Note: It is more than wise to study properly during the course. Please, do not wait for the re-examination, because the topics won’t get any easier. Studying is required.

The implementation of the 4th ects will be a group work. The task for the group-work must be asked one week before the DL of returning at latest. If the task is not asked in time, the group-work can not be done. The strict deadline for returning the group-work is on Mon 16.12.2024.

If the work is graded as "to be completed", a group will be given another strict deadline. If the work is still not passed, the group will be given a second and last re-returning: For also this, the deadline is strict. Students shall follow the given instructions (naming the work, returning the work, including all the group-members to mailing etc) or the work won't be checked. It is possible to re-return the work twice. If the work will still be “to be completed”, 1 grade will be taken out from the grade based on the examination. If the group-work were “failed”, 2 grades will be taken out. If the grade is then less than one, a student will re-take the course next year.


Credit points will be written only after both, the examination and the group work, are passed.
 

Learning environment

Moodle - extremely compulsory!
Remember to check the timings and room numbers from TimeEdit.
Teams - few times, but it is also possible to attend both at campus and via Teams, so use all the support that is available

Contact lessons – voluntary, offered to those students who need personal help and/or appreciate group’s support while solving exercises
Studying in Moodle.

Student time use and work load

In Finland, one credit point is confirmed to correspond appr. 27 hours of student's studying. This agreement is based on the Bologna process and ECTS (European Credit Transformation System).

Therefore, 4 credit points should respond 107 hours of student's studying.

Only part of 107 hours will covered by the contact lessons. Therefore, studying in one's own time is required. The required amount of studying depends highly on one’s base level of skills, goals and studying technique.

It is highly recommended, that students will study during the whole course, not just in the end on the course or only some topics of the course. Make a schedule, set targets, do the exercises when they are supposed to be done, attend the Teams-meetings, follow the deadlines.

NOTE, even if the course content may sound easy to some of the students, this course can not be handled without studying. This is proven by so many students during the earlier years. So please do not make a mistake of underestimating the level of difficulty of this course. Business Mathematics is not just calculating, it is very much about understanding and being able to link to real life. Good skills in techniques of mathematics aren’t enough.

Contents

Note that the beginning of the course may be very simple to some of the students. Please do NOT assume that the whole course would be like that. Understand that some students may have studied mathematics many, many years ago and they don't remember everything.
!!! Shows the crucial questions, that must be handled by everyone. The course can not be passed without showing that a student knows how these are calculated.

CONTENTS of the COURSE
1) problem solving:
* thinking as part of problem solving
* equations and proportion:
As a repetition for those student who don't either remember or who haven't studied these well earlier.

2) percentage calculation
2.1) Basic cases, % of change, % of comparison, %-units, coefficient of change and the rules of these.
!!! NOTE: % of change is the other crucial question in the examination. This topic MUST be handled by everyone.
2.2.) VAT
!!! NOTE: VAT is the other crucial question in the examination. This topic MUST be handled by everyone.
TEST – must be attended, must be passed if a student wants to continue the course!

2.3.) Contribution margin calculation
This topic is most probably new for every student, so attending Teams-session is recommended to everyone.
2.4.) Pricing
This topic is new for every student and the topic requires studying.
note: attending Teams-session is HIGHLY recommended to everyone.


3) indices
3.1) Simple index series
Most probably new for many students. This topic includes self studying part.
3.2.) Using ready made indices: inflation, change in the value of money, real change, index clause
This topic is new for every student and the topic requires studying.
note: attending Teams-session is HIGHLY recommended to everyone.


4) Simple Interest calculation
4.1) the basics of simple interest calculation
4.2.) Interest (€) and shortly the basics of loans
4.2) interest rate (%) and small loans
4.3) Terms of payment: This topic may include a self studying part BEFORE the lessons.
!!! NOTE: Understanding the logic of simple interest calculation is the third crucial question in the examination. This topic MUST be handled by everyone.
These topics are new for every student and the topics require studying.
note: attending Teams-session is HIGHLY recommended to everyone.



GOALS:
To gain knowledge of basic mathematics needed in business.
To get a good routine to calculation.

The desired outcome is that a student who has passed the course with good grade:

* understands that in business mathematics being able to calculate technically well is not enough, but instead understanding terminology and thinking in general is an important part of it
* remembers the wise techniques of solving equations
* knows when and how to use proportion
* understands how equations can be used as a help in the process of solving mathematical problems
* recognizes the different types of percentage calculation and are able to use those properly
* knows by heart how percentage of change should be calculated and understands the reasons for the rules behind it
* knows by heart how the price without value-added-tax is calculated and handles the other types of value-added-tax-calculation too
* handles the basics of contribution margin calculation
* understands how discounts should be taken into account in pricing
* understands what is a simple index series, how it is created, when it can be used and how it is interpreted
* understands how ready-made index-series are used and what is their connection to phenomenons of business
* understands the value of money in sense of relative change and knows how it is calculated
* understands the logic of simple interest calculation and is able to calculate simple interest
* recognizes different outcomes of interest rate and different terms related to it
* understands the concept of real annual interest rate and knows how it is calculated
* knows the terms of payment and the rules and the basic legislation related to it

The contents and the implementation of the 4th credit point will be present value investment calculation (group-work)
or pricing if a students studies also Restaurant functions -course during autumn 2024.

Additional information for students: previous knowledge etc.

No previous courses will be required or offered.

Studying can and should be done during THIS course.

Assessment criteria

In the beginning of the course there is a compulsory task in Moodle. A student must pass this before she/he can see the studying materials in Moodle. Also, this compulsory task is connected to the examination, so attending the examination is not possible, if a student won't complete the compulsory task. The deadline is in appr. 3 weeks from the beginning of the course (see Moodle).

NEW during the implementation of AUTUMN 2024!
The student must show that he/she has been studying and is able to study. There will be a test that must be passed in the end of the week 38 at latest. This test must be attended and passed if the student wants to continue the course.

An exam is used to measure students' knowledge (after 3 ecft).
Requirements: minimum 50 % of points.

There will be crucial questions in the on-line version. In this case the student can not proceed to the "real" examination if he/she doesn’t handle the most important topics of the course. The crucial questions are % of change, the price without VAT, when the VAT rate and the price with VAT is given and the logic of simple interest calculation.

In traditional version of examination: an approved performance in "crucial" exam question. The crucial questions are % of change, the price without VAT, when the VAT rate and the price with VAT is given and the logic of simple interest calculation.


An on-line examination where only the answers are given and counted will be offered. For on-line examination there will be a "normal" version, where the order of the questions is given and the "free-move version". A student can an access for this by collecting at least 3 activity points during the course. If there are enough students attending, also a traditional examination where the whole solving process is written on paper and will be graded also by its’ parts is possible. Please note that the on-line examination and traditional examination will be different. Especially, an on-line examination will have its advantages but also disadvantages. A student must choose by her/himself which implementation suites better for her/him well before the examination. One may choose and attend only to either on-line or traditional version, NOT to both. Note. A traditional version will be organized only if there will be enough students attending (see Moodle).

The implementation of the 4th ects:
Group work of 1-4 students
Topic: present value investment calculation (IB) or real-life pricing (HOMA-students that will attend the Restaurant functions -course in autumn 2024 / have studied it earlier)
Grading: Passed / to be completed / failed.
If the grade is “to be completed” or “failed” still after 2 possible re-returns, this will lower one's grade by 1 and 2 grades. If the group-work is not done at all, the course will be failed. Note that there are strict deadlines for getting the group-work task and for returning the group-work. The deadline shall be followed.

Assessment scale

1-5

Failed (0)

Student don’t do or pass the test during the week 38.

Student is not able to carry out half of the exam questions and/or student is not able to handle the **crucial questions in the examination.

The group-work is not done.
Or the group-work won’t be completed and it will lower the grade to be less than 1.

Most probably the failed result means that student hasn't been studying maybe because of the lack of effort of because trusting too much on his/her earlier skills.

Note: Being able to calculate percentage calculation is not enough.

Assessment criteria: level 1 (assessment scale 1–5)

The students has shown that he/she is able to study and has been studying. He/she has passed the test during the week 38.

Grade 1: Student is able to carry out half of the exam questions. In traditional exam this means that a student can either a) know something about all the topics studied during the course or) know well certain topics, but less about some topics. Student must handle the **crucial questions in the examination.

Student has completed the group-work in given time.
(or the examination result is worth grade 3)

Assessment criteria: level 3 (assessment scale 1–5)

The students has shown that he/she is able to study and has been studying. He/she has passed the test during the week 38.

Grade 3: Student has gained 70 %of the maximum points. In traditional exam this means that a student handles either a) all the topics of the course better than on average or b) certain topics completely. Student must handle the **crucial questions in the examination.

Student has completed the group-work in given time (or the examination result is worth grade 5)

Assessment criteria: level 5 (assessment scale 1–5)

The students has shown that he/she is able to study and has been studying. He/she has passed the test during the week 38.

Grade 5: Grade 5 requires 90 % of the maximum points.Student handles very well exercises from all the topics studied during the course. Student must handle the **crucial questions in the examination.

Student has completed the group-work in given time.

Learning outcomes

The student is able to
- determine the key concepts of marketing and customer-oriented business
- identify the phases of a marketing and sales process
- recognise customer needs and understand their significance for the success of a company

Implementation and methods of teaching

- Contact lectures
- Group meetings & group tutoring

Timing and attendance

This course implementation is targeted for IB24S students, students from other study groups will be accepted to the course only if there are places available.

Lecture Attendance Policy:
Requirement: To complete the course successfully, you must attend at least 80% of the lectures. Compulsory attendance in the introduction lecture.

Consequence: If you fall below the 80% attendance requirement, you will be unenrolled from the course.

Punctuality: Arrive on time for lectures. Check TimeEdit for your lecture schedule and follow it. Attendance registration will be done during every lecture. Late entry to the classroom will be treated as equivalent to absence.

Assignment Deadline Policy: Late submissions will not be accepted

Activeness during the course contact sessions will affect the final grade positively

Learning material and recommended literature

- Moodle materials
- Lecture notes
- Articles
- Course book Marketing an Introduction, Armstrong, Gary & Kotler, Philip (selected parts of the book)

Alternative completion methods

There are no substitute work.

Learning environment

The Moodle learning platform
Classroom workshops and lecturers

Student time use and work load

A student's estimated workload is 5 x 27 hours, consisting of contact lectures, individual reading tasks, and different individual and group course assignments.
The estimated workload is the following:
-Contact lessons: 40 hrs
-Reading and preparation: 20-25 hrs
-Individual and group assignments: 40-45 hrs
-Final group assignment: 40-45 hrs

Contents

A customer oriented approach to business
- Marketing environments
- Consumer behaviour and the purchasing process
- Marketing strategy
- The competitive tools of customer-oriented marketing

Assessment criteria

- Active participation
- Presentations
- Group work
- Exam

Assessment scale

1-5

Failed (0)

The student did not meet the course learning objectives.

Assessment criteria: level 1 (assessment scale 1–5)

Student has achieved the objectives of the course sufficiently.
Student understands the basic principles of marketing
Student is able to apply some of the course-related professional marketing concepts.

Assessment criteria: level 3 (assessment scale 1–5)

Student has achieved the objectives of the course in a consistent manner.
Student understands the basic principles of marketing well.
Student is able to apply most of the course-related professional marketing concepts.

Assessment criteria: level 5 (assessment scale 1–5)

Student has achieved the objectives of the course in an excellent manner.
Student understands the basic principles of marketing very well.
Student has good capabilities to apply all of the course-related professional marketing concepts.

Learning outcomes

The student is able to
- determine the key concepts of marketing and customer-oriented business
- identify the phases of a marketing and sales process
- recognise customer needs and understand their significance for the success of a company

Implementation and methods of teaching

The course has lectures and small discussion assignments done in groups. Written, individual reflection on each discussion assignment is required.

Timing and attendance

There are study sessions 1-2x2h/week according to your group and TimeEdit schedule.
Group discussions are compulsory.

Learning material and recommended literature

Material is given by the teacher.

Learning environment

Lappeenranta campus, moodle

Contents

History of marketing.
Importance of customer value, value proposition, and customer relationships.
Learning how to segment the market and how to do targeting and positioning.
Marketing environment: micro- and macro-environments.
Marketing communication.
Introduction to the marketing planning and marketing mix.
Managing customer relationships and customer experience.
Role of customer service and personal selling in business.

Assessment criteria

Evaluation is based on the written reflection assignments on the group discussions.

Assessment scale

1-5

Assessment criteria: level 1 (assessment scale 1–5)

The student knows the basic concepts related to marketing and customer relationships.
The student understands the role and importance of marketing and customer relations in business.

Assessment criteria: level 3 (assessment scale 1–5)

The student understands the basic concepts related to marketing and customer relationships.
The student can demonstrate marketing and managing customer relations in business to some extent.

Assessment criteria: level 5 (assessment scale 1–5)

The student understands the basic concepts related to marketing and an applies those in their own writing and work.
The student understands the role and importance of marketing and business relations in business and is capable of evaluating the basics of the marketing and customer relationship management of a company.

Learning outcomes

The student is able to
- determine the key concepts of marketing and customer-oriented business
- identify the phases of a marketing and sales process
- recognise customer needs and understand their significance for the success of a company

Implementation and methods of teaching

- Contact lectures
- Group meetings & group tutoring

Timing and attendance

This course implementation is targeted for IB24S students, students from other study groups will be accepted to the course only if there are places available.

Lecture Attendance Policy:
Requirement: To complete the course successfully, you must attend at least 80% of the lectures. Compulsory attendance in the introduction lecture.

Consequence: If you fall below the 80% attendance requirement, you will be unenrolled from the course.

Punctuality: Arrive on time for lectures. Check TimeEdit for your lecture schedule and follow it. Attendance registration will be done during every lecture. Late entry to the classroom will be treated as equivalent to absence.

Assignment Deadline Policy: Late submissions will not be accepted

Activeness during the course contact sessions will affect the final grade positively

Learning material and recommended literature

- Moodle materials
- Lecture notes
- Articles
- Course book Marketing an Introduction, Armstrong, Gary & Kotler, Philip (selected parts of the book)

Alternative completion methods

There are no substitute work.

Learning environment

The Moodle learning platform
Classroom workshops and lecturers

Student time use and work load

A student's estimated workload is 5 x 27 hours, consisting of contact lectures, individual reading tasks, and different individual and group course assignments.
The estimated workload is the following:
-Contact lessons: 40 hrs
-Reading and preparation: 20-25 hrs
-Individual and group assignments: 40-45 hrs
-Final group assignment: 40-45 hrs

Contents

A customer oriented approach to business
- Marketing environments
- Consumer behaviour and the purchasing process
- Marketing strategy
- The competitive tools of customer-oriented marketing

Assessment criteria

- Active participation
- Presentations
- Group work
- Exam

Assessment scale

1-5

Failed (0)

The student did not meet the course learning objectives.

Assessment criteria: level 1 (assessment scale 1–5)

Student has achieved the objectives of the course sufficiently.
Student understands the basic principles of marketing
Student is able to apply some of the course-related professional marketing concepts.

Assessment criteria: level 3 (assessment scale 1–5)

Student has achieved the objectives of the course in a consistent manner.
Student understands the basic principles of marketing well.
Student is able to apply most of the course-related professional marketing concepts.

Assessment criteria: level 5 (assessment scale 1–5)

Student has achieved the objectives of the course in an excellent manner.
Student understands the basic principles of marketing very well.
Student has good capabilities to apply all of the course-related professional marketing concepts.

Learning outcomes

The student is able to
- utilise essential office applications in their studies
- utilise cloud services as part of team work
- function in an online learning environment

Implementation and methods of teaching

This course is arranged only online as eLearning using Moodle and Zoom tools. Exercises and Assignments are published in course Moodle.

First enroll to the course in Peppi, after teacher confirms your participation you will automatically be inserted into course Moodle.

Timing and attendance

According to TimeEdit timetable. Attending online lectures is optional.

Learning material and recommended literature

Office 2016 series (or newer). e-Learning materials given during the course.

Exam retakes

Two retake exams.

Learning environment

Moodle eLearning platform.

Student time use and work load

5 ECTS credits are approximately 135 hours of work.

Contents

Word processing standard layout of documents, styles, LAB report writing guidelines.

Basic usage of MS Word.

Create professional looking presentations with MS PowerPoint, set timings and other presentation settings. Presenter tools while giving a presentation.

Creating spreadsheets with MS Excel. Autosum and other basic functions (SUM, AVERAGE, COUNT, MIN, MAX), copy formula to other rows/columns/worksheets, absolute cell reference, create time series, conditional formatting, create and edit charts, conditional calculation functions (IF, COUNTIF, SUMIF), date and time functions, lookup functions, sort and filter data, Pivot tables and charts.

Additional information for students: previous knowledge etc.

Not needed.

Assessment criteria

Exercises, assignments and Excel exam.

Assessment scale

1-5

Failed (0)

Failed.

Assessment criteria: level 1 (assessment scale 1–5)

Knowledge

Student can name and recall course content information. Student is aware of how to work with basic application exercises.

Assessment criteria: level 3 (assessment scale 1–5)

Analysis skills

Student can see and analyze relationships of topics. Student knows how to implement exercises skillfully and apply skills in business related situations.

Assessment criteria: level 5 (assessment scale 1–5)

Evaluation skills

Student can make well-founded judgements on topics and support them. Student has mastery skills in implementing exercises. Student can estimate and choose how to apply skills for business life needs.

Learning outcomes

The student is able to
- utilise essential office applications in their studies
- utilise cloud services as part of team work
- function in an online learning environment

Implementation and methods of teaching

This course is arranged in Lappeenranta campus according to TimeEdit timetable. Exercises and eLearning tasks are published in course Moodle.

First enrol to the course in Peppi, after teacher confirms your participation you will automatically be inserted into course Moodle.

Timing and attendance

According to TimeEdit timetable.

Learning material and recommended literature

Office 2016 series (or newer). e-Learning materials given during the course.

Exam retakes

Two retake exams.

Learning environment

Moodle eLearning platform.

Student time use and work load

5 ECTS credits are approximately 135 hours of work. Lessons introduce new topics and guides you how to work with exercises. Reserve also time to work with exercises and self-study materials in Moodle.

Contents

Word processing standard layout of documents, styles, LAB report writing guidelines.

Basic terms in immaterial property rights (IPR), especially copyright. CreativeCommons licensing system. Copyright Expert Badge.
Create professional looking presentations with MS PowerPoint, set timings and other presentation settings. Presenter tools while giving a presentation.

Creating spreadsheets with MS Excel. Autosum and other basic functions (SUM, AVERAGE, COUNT, MIN, MAX), copy formula to other rows/columns/worksheets, absolute cell reference, create time series, conditional formatting, create and edit charts, conditional calculation functions (IF, COUNTIF, SUMIF), date and time functions, lookup functions, sort and filter data, Pivot tables and charts.

Additional information for students: previous knowledge etc.

Not needed.

Assessment criteria

Exercises and e-learning tasks.

Assessment scale

1-5

Failed (0)

Failed.

Assessment criteria: level 1 (assessment scale 1–5)

Knowledge

Student can name and recall course content information. Student is aware of how to work with basic application exercises.

Assessment criteria: level 3 (assessment scale 1–5)

Analysis skills

Student can see and analyze relationships of topics. Student knows how to implement exercises skillfully and apply skills in business related situations.

Assessment criteria: level 5 (assessment scale 1–5)

Evaluation skills

Student can make well-founded judgements on topics and support them. Student has mastery skills in implementing exercises. Student can estimate and choose how to apply skills for business life needs.

Learning outcomes

The student is able to
- utilise essential office applications in their studies
- utilise cloud services as part of team work
- function in an online learning environment

Implementation and methods of teaching

This course is arranged only online as eLearning using Moodle and Zoom tools. Exercises and Assignments are published in course Moodle.

First enroll to the course in Peppi, after teacher confirms your participation you will automatically be inserted into course Moodle.

Timing and attendance

According to TimeEdit timetable. Attending online lectures is optional.

Learning material and recommended literature

Office 2016 series (or newer). e-Learning materials given during the course.

Exam retakes

Two retake exams.

Learning environment

Moodle eLearning platform.

Student time use and work load

5 ECTS credits are approximately 135 hours of work.

Contents

Word processing standard layout of documents, styles, LAB report writing guidelines.

Basic usage of MS Word.

Create professional looking presentations with MS PowerPoint, set timings and other presentation settings. Presenter tools while giving a presentation.

Creating spreadsheets with MS Excel. Autosum and other basic functions (SUM, AVERAGE, COUNT, MIN, MAX), copy formula to other rows/columns/worksheets, absolute cell reference, create time series, conditional formatting, create and edit charts, conditional calculation functions (IF, COUNTIF, SUMIF), date and time functions, lookup functions, sort and filter data, Pivot tables and charts.

Additional information for students: previous knowledge etc.

Not needed.

Assessment criteria

Exercises, assignments and Excel exam.

Assessment scale

1-5

Failed (0)

Failed.

Assessment criteria: level 1 (assessment scale 1–5)

Knowledge

Student can name and recall course content information. Student is aware of how to work with basic application exercises.

Assessment criteria: level 3 (assessment scale 1–5)

Analysis skills

Student can see and analyze relationships of topics. Student knows how to implement exercises skillfully and apply skills in business related situations.

Assessment criteria: level 5 (assessment scale 1–5)

Evaluation skills

Student can make well-founded judgements on topics and support them. Student has mastery skills in implementing exercises. Student can estimate and choose how to apply skills for business life needs.

Learning outcomes

The student is able to
- describe the basic concepts of micro- and macroeconomics
- recognise the causes and effects for internal balance problems in economy
- understand the special features of labour market
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy
- understand the basic functions of foreign exchange market

Implementation and methods of teaching

Course takes place on autumn term 2024 - begins on week 44 and ends on week 49. Schedule will be updated in the end of September and information will be delivered to the participants via moodle.

Course has 6 campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions and first contact session is compulsory !!!

Timing and attendance

Academic year 2024 - 2025; autumn term 2024.

Learning material and recommended literature

Material will be uploaded to moodle files folder.

Learning environment

Course has 6 campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions and first contact session is compulsory !!!

Student time use and work load

Contact sessions ( 3 x 45 minutes ) - all in all 6 contact sessions ( week 44 - week 49 ).

Compulsory minimum attendance 5 contact sessions !!!

Schedule will be confirmed and delivered to the participants via moodle.

Contents

Main topics of the course:
- background of the science
- basic concepts of micro- and macroeconomics
- employment and labour market
- economic fluctuations
- economic policy
- foreign exchange market

Additional information for students: previous knowledge etc.

None.

Assessment criteria

Individual assignments, assignment package and final exam.

Assessment scale

1-5

Failed (0)

The criterias ( which are gone through in the first contact session ) are not fulfilled or / and the student don' t follow the deadlines of the course.

Assessment criteria: level 1 (assessment scale 1–5)

Student is familar with the basic concepts of Economics.

Assessment criteria: level 3 (assessment scale 1–5)

Student is familiar with the macroeconomic problems.

Assessment criteria: level 5 (assessment scale 1–5)

Student understands the problems with economic fluctuations and is familiar with main tools of economic policy.

Learning outcomes

The student is able to
- describe the basic concepts of micro- and macroeconomics
- recognise the causes and effects for internal balance problems in economy
- understand the special features of labour market
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy
- understand the basic functions of foreign exchange market

Implementation and methods of teaching

Course takes place on spring term 2025 - begins on week 11. Schedule will be updated in the end of February and information will be delivered to the participants via moodle.

Course has 6 compulsory campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions !!!

Timing and attendance

Academic year 2024 - 2025; spring term 2025.

Learning material and recommended literature

Material will be uploaded to moodle files folder.

Learning environment

Participants are divided to two groups - both groups are having 6 compulsory campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions !!!

Student time use and work load

Contact sessions ( 3 x 45 minutes ) - all in all 6 contact sessions ( week 11 - week 16 ).

Course has 6 compulsory campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions !!!

Schedule will be confirmed and delivered to the participants via moodle.

Contents

Main topics of the course:
- background of the science
- basic concepts of micro- and macroeconomics
- employment and labour market
- economic fluctuations
- economic policy
- foreign exchange market

Additional information for students: previous knowledge etc.

None.

Assessment criteria

Individual assignments, assignment package and final exam.

Assessment scale

1-5

Failed (0)

The criterias ( which are gone through in the first contact session ) are not fulfilled or / and the student don' t follow the deadlines of the course.

Assessment criteria: level 1 (assessment scale 1–5)

Student is familar with the basic concepts of Economics.

Assessment criteria: level 3 (assessment scale 1–5)

Student is familiar with the macroeconomic problems.

Assessment criteria: level 5 (assessment scale 1–5)

Student understands the problems with economic fluctuations and is familiar with main tools of economic policy.

Learning outcomes

The student is able to
- describe the basic concepts of micro- and macroeconomics
- recognise the causes and effects for internal balance problems in economy
- understand the special features of labour market
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy
- understand the basic functions of foreign exchange market

Implementation and methods of teaching

Contact lessons
Individual assignments
Case assignment in groups

Timing and attendance

Participation in contact lessons is highly recommended.

Learning material and recommended literature

All material will be provided in Moodle.

Working life cooperation

Possible visiting lecturer from local business, International Week visitors (week 7).

Learning environment

Contact lessons

Student time use and work load

1 ECTS = 27 h of student's work.

Contents

Major topics:
- the basic concepts of micro- and macroeconomics
- employment, unemployment and labour market
- macroeconomic problems and economic policy
- foreign exchange market

Additional information for students: previous knowledge etc.

No prior requirements.

Assessment criteria

Individual assignments by theme.

Everything will be discussed on the first lesson.

Assessment scale

1-5

Failed (0)

Student does not reach the learning objectives.

Assessment criteria: level 1 (assessment scale 1–5)

Student reaches the learning objectives and in the assignments shows a satisfactory level of knowledge and competence in the subjects covered in the course.

Assessment criteria: level 3 (assessment scale 1–5)

Student reaches the learning objectives and in the assignments shows a good level of knowledge and competence in the subjects covered in the course.

Assessment criteria: level 5 (assessment scale 1–5)

Student reaches the learning objectives and in the assignments shows an excellent level of knowledge and competence in the subjects covered in the course.

Learning outcomes

Student is able to
- understand entrepreneurship through personal development
- find and utilize different customer oriented business opportunities
- evaluate profitability of business idea
- develop business models

Implementation and methods of teaching

Students will work in teams to create a business plan. Combined classroom, distant learning and individual/team work.

Timing and attendance

Timing: see TimeEdit
Lectures are held at Lappeenranta Campus.

Learning material and recommended literature

Will be informed at first lectures

Alternative completion methods

eRPL

Working life cooperation

Visiting lecturers

Exam retakes

According to degree regulations, agree with teacher

Learning environment

Lectures at Lappeenranta campus. Moodle, Zoom

Student time use and work load

1 ECTS is ~ 27 hours students work, so in total 108 hours

Contents

At this course, you will learn how to write a business plan. You will also get acquainted with sustainability, innovations and innovative business concepts.

Assessment criteria

Students will be assessed on the written business plans and presentations of the main principles of the operation of their start-up venture. Students will receive a grade based upon the performance of their group and assignment prepared by teams.

Assessment scale

1-5

Failed (0)

The quality of the business plan and/or the presentation of it is not sufficient.

Assessment criteria: level 1 (assessment scale 1–5)

Producing a business plan and a presentation of it, which highlights a basic understanding of the topics covered.

Assessment criteria: level 3 (assessment scale 1–5)

Producing a business plan and a presentation of it, which highlights a good understanding of the topics covered. Ability to produce reasonably realistic financial forecasts.

Assessment criteria: level 5 (assessment scale 1–5)

Producing a business plan and a presentation of it, which highlights an in-depth good understanding of the topics covered. Ability to produce realistic financial forecasts which are well justified.

Learning outcomes

Student is able to
- understand entrepreneurship through personal development
- find and utilize different customer oriented business opportunities
- evaluate profitability of business idea
- develop business models

Assessment scale

1-5

Learning outcomes

Student is able to
- understand entrepreneurship through personal development
- find and utilize different customer oriented business opportunities
- evaluate profitability of business idea
- develop business models

Assessment scale

1-5

Learning outcomes

The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios

Implementation and methods of teaching

Contact lessons 3 h/week
Exercises
Mandatory individual assignments (2)
Two exams

Timing and attendance

Contact lessons 3 h/week. Active (attendance) participation in lessons required. Eighty (80 %) attendance required.

Learning material and recommended literature

Course slides, exercises and other material provided by the teacher at Moodle

Alternative completion methods

The recognition of prior learning: https://elab.lab.fi/en/completing-studies/planning-your-studies/rpl-recognition-prior-learning

Working life cooperation

Compulsory guest lecture

Exam retakes

Students who have failed will have an opportunity to do re-take the exam at the end of the semester.

Learning environment

Campus
Moodle
Home

Student time use and work load

One ECTS equals 27 hours of study.

Contents

Accounting laws and regulations
General accounting principles
Change in stock, depreciation, accruals
Financial statements
Principles of value-added tax
Financial ratios

Additional information for students: previous knowledge etc.

Prior knowledge of the subject is not required

Assessment criteria

Both exams will be evaluated on scale 1 to 5. Course grade is formed from:
Theory exam grade (50 % of the grade)
Accounting exam grade (50 % of the grade)
Assignments will be evaluated pass / fail
Course grade is based on the exam results. In addition, both assignments has to be completed.
Fail grade from the assignment or unreturned assignment will result to -1 reduce for the course grade. This applies to both assignments.

Assessment scale

1-5

Failed (0)

The student can not implement accounting rules into practice and shows no understanding of accounting at all

Assessment criteria: level 1 (assessment scale 1–5)

The student can use basic accounting rules and understands the importance of accounting

Assessment criteria: level 3 (assessment scale 1–5)

The student can enter the business transactions correctly into bookkeeping and prepare financial statements

Assessment criteria: level 5 (assessment scale 1–5)

The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios

Learning outcomes

The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios

Implementation and methods of teaching

Contact lessons 3 h/week
Exercises
Mandatory individual assignments (2)
Two exams

Timing and attendance

Contact lessons 3 h/week. Active (attendance) participation in lessons required. 70 % attendance required.

Learning material and recommended literature

Course slides, exercises and other material provided by the teacher at Moodle

Alternative completion methods

The recognition of prior learning: https://elab.lab.fi/en/completing-studies/planning-your-studies/rpl-recognition-prior-learning

Exam retakes

Students who have failed will have an opportunity to do re-take the exam at the end of the semester.

Learning environment

Campus
Moodle
Home

Student time use and work load

One ECTS equals 27 hours of study.

Contents

Accounting laws and regulations
General accounting principles
Change in stock, depreciation
Financial statements
Principles of value-added tax
Financial ratios

Additional information for students: previous knowledge etc.

Prior knowledge of the subject is not required

Assessment criteria

Both exams will be evaluated on scale 1 to 5. Course grade is formed from:
Theory exam grade (50 % of the grade)
Accounting exam grade (50 % of the grade)
Assignments will be evaluated pass / fail
Course grade is based on the exam results. In addition, both assignments has to be completed.
Fail grade from the assignment or unreturned assignment will result to -1 reduce for the course grade. This applies to both assignments.

Assessment scale

1-5

Failed (0)

The student can not implement accounting rules into practice and shows no understanding of accounting at all

Assessment criteria: level 1 (assessment scale 1–5)

The student can use basic accounting rules and understands the importance of accounting

Assessment criteria: level 3 (assessment scale 1–5)

The student can enter the business transactions correctly into bookkeeping and prepare financial statements

Assessment criteria: level 5 (assessment scale 1–5)

The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios

Learning outcomes

The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios

Implementation and methods of teaching

Lectures
Exercises
Case study assignments
Exam

Timing and attendance

Contact lessons, participation highly recommended.

Learning material and recommended literature

Course slides and exercises are provided by the teacher in Moodle.

Working life cooperation

Possible visiting lecturer from local business, visitors during International Week (week 7)

Exam retakes

Exam retakes possible in May.

Learning environment

Moodle

Student time use and work load

One ECTS equals 27 hours of study, in total 135 h of student's time.

Contents

Accounting obligation
Double entry bookkeeping
Treatment of stock and fixed assets
Financial statements
Financial ratios
Principles of value-added tax

Additional information for students: previous knowledge etc.

Not required

Assessment criteria

Course will be evaluated on scale 1 to 5.
Course grade is formed from the exam grade (100 % of the grade)
Assignments will be evaluated pass/fail, all assignments need to be completed to pass the course.

Assessment scale

1-5

Failed (0)

The student can not implement accounting rules into practice and shows no understanding of accounting.

Assessment criteria: level 1 (assessment scale 1–5)

The student can use basic accounting rules and understands the importance of accounting.

Assessment criteria: level 3 (assessment scale 1–5)

The student can enter the business transactions correctly into bookkeeping and prepare financial statements.

Assessment criteria: level 5 (assessment scale 1–5)

The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios.

Learning outcomes

Understanding the changing global business environment and its effects on international business operations and trade.
After completing the course student is able
- to explain the concepts of internationalization and globalization
- to identify and describe features of global business
- to analyse and interpret the changing global business environment and economics as well as their effects on business

Implementation and methods of teaching

Contact lectures on campus, group assignments, exam

Timing and attendance

Lectures according to timetable, compulsory participation

Learning material and recommended literature

Lecture material provided by the teacher, assignment reports/presentations

Exam retakes

Exam dates will be announced at the beginning of the course.

Learning environment

Campus lectures are mandatory

Student time use and work load

4 credits = 108 hours of student work

Contents

Introduction to globalization and internationalization
- political, legal and socio-cultural business environment
- basics of economics
- economic trade areas
- role of trade organizations

Assessment scale

1-5

Learning outcomes

Understanding the changing global business environment and its effects on international business operations and trade.
After completing the course student is able
- to explain the concepts of internationalization and globalization
- to identify and describe features of global business
- to analyse and interpret the changing global business environment and economics as well as their effects on business

Implementation and methods of teaching

Contact lectures on campus (weeks 36-48), assignments, exam (week 49)

Timing and attendance

Lectures according to timetable (weeks 36-48), exam (week 49)

Learning material and recommended literature

Lecture material provided by the teacher, assignment reports/presentations, book (announced in the lecture).

Exam retakes

Exam dates will be announced at the beginning of the course.

Learning environment

Contact lessons and course Moodle

Student time use and work load

4 credits = 108 hours of student work = 48 hours contact lessons + 25 hours assignments + 35 hours self-studying

Contents

- Introduction to globalization and internationalization
- political, legal and socio-cultural business environment
- economic business environment
- economic trade areas
- role of trade organizations

Assessment criteria

Assignments (passed/not passed)
Exam graded 0-5

Assessment scale

1-5

Failed (0)

Failing to reach the level 1 according to the evaluation criteria

Assessment criteria: level 1 (assessment scale 1–5)

1 = Student understands the basic concepts of global business and remembers their definitions. Student is able to name the dimensions of global business environment and find related data on global business market.

Assessment criteria: level 3 (assessment scale 1–5)

3 = Student understands the basic concepts of global business and is able to explain them. Student is able to collect and present relevant data on global business market.

Assessment criteria: level 5 (assessment scale 1–5)

5 = Student masters and is able to use of the basic concepts of global business fluently. Student is able to analyse and interpret relevant data on global business market. Student is able to compare different global business markets and draw conclusions about their effects on business opportunities.

Learning outcomes

Understanding the changing global business environment and its effects on international business operations and trade.
After completing the course student is able
- to explain the concepts of internationalization and globalization
- to identify and describe features of global business
- to analyse and interpret the changing global business environment and economics as well as their effects on business

Implementation and methods of teaching

Contact lectures on campus, group assignments, exam

Timing and attendance

Lectures according to timetable, compulsory participation

Learning material and recommended literature

Lecture material provided by the teacher, assignment reports/presentations

Exam retakes

Exam dates will be announced at the beginning of the course.

Learning environment

Campus lectures are mandatory

Student time use and work load

4 credits = 108 hours of student work

Contents

Introduction to globalization and internationalization
- political, legal and socio-cultural business environment
- basics of economics
- economic trade areas
- role of trade organizations

Assessment scale

1-5

Learning outcomes

Understanding the changing global business environment and its effects on international business operations and trade.
After completing the course student is able
- to explain the concepts of internationalization and globalization
- to identify and describe features of global business
- to analyse and interpret the changing global business environment and economics as well as their effects on business

Implementation and methods of teaching

Contact lectures on campus, group assignments, exam

Timing and attendance

Lectures according to timetable, compulsory participation

Learning material and recommended literature

Lecture material provided by the teacher, assignment reports/presentations

Exam retakes

Exam dates will be announced at the beginning of the course.

Learning environment

Campus lectures are mandatory

Student time use and work load

4 credits = 108 hours of student work

Contents

Introduction to globalization and internationalization
- political, legal and socio-cultural business environment
- basics of economics
- economic trade areas
- role of trade organizations

Assessment scale

1-5

Learning outcomes

The student is able to
- structure the legal regulations in the international business

Assessment scale

1-5

Learning outcomes

The student is able to
- structure the legal regulations in the international business

Assessment scale

1-5

Learning outcomes

The student is able to
- structure the legal regulations in the international business

Implementation and methods of teaching

Campus class room teaching, virtual exam, essays and assignments.

Timing and attendance

Contact lessons cover theory and practical case examples.
Students knowledge will be tested with virtual Moodle exams. One exam is about legal framework of international trade law, another exam is about international trade contracts.
Additionally students will prepare one topic related report which will peer reviewed.

Learning material and recommended literature

International Business Law - Text, Cases, and Readings. Ray August et. al. 2013

Alternative completion methods

Online exams or re-examination.

Working life cooperation

Possible guest lectures.

Exam retakes

re-exam

Student time use and work load

The course delivery assumes that students independent studying is approximately 60 hours.

Contents

Students understands the basic legal structure of international business. Student is also able to apply fundamental principles of international business.
Student is familiar with the legal terminology and is able to communicate with legal experts as well as to seek information on legal aspects in international business.
Student will also familiar with the core concepts of international business law and how the business opportunities will be contracted.

Course topic areas:
Legal framework of international business
European Union and it's legal framework
International NGO organizations (WTO; ICC, UN and regional trade blocks) organizations
International contract law with special emphasis in the contractual aspects in corporations
International dispute settlement
Special legal problems in foreign business transactions
Case law examples

Additional information for students: previous knowledge etc.

No pre-requirements.

Assessment criteria

The course perfomance will be assessed with virtual Moodle exams and reports.

Assessment scale

1-5

Failed (0)

Student does not meet the lowest basic knowledge requirements in international business and is not familiar with the fundamental concepts and definitions.

Learning outcomes

Student is able to

-use basic concepts of logistics and supply chain management.
- the principles of value chain formation.
- identify the impact of logistics and supply chains on the company's profitability and competitiveness.
- describe the importance of customer orientation and stakeholder cooperation throughout the supply chain.

Implementation and methods of teaching

The course contains lectures, workshops, topics to discuss in lectures, searching for materials from sources, and presentations of group or individual work.
Punctuality: Arrive on time for lectures. Check TimeEdit for your lecture schedule and follow it. Attendance registration will be done at the beginning of each lecture. Late entry to the classroom will be treated as equivalent to absence.

Timing and attendance

Requirement: To complete the course successfully, you must attend at least 80% of the lectures.
Consequence: If you fall below the 80% attendance requirement, you will be unenrolled from the course.
Absence must be informed to the teacher.

Learning material and recommended literature

Slides from lectures will be provided to Moodle.
All assignments are compulsory in order to pass the course. Assignments are individual and group work, some of the work will be presented in lectures.

Learning environment

Moodle, campus lectures, (Zoom if needed), time to study on your own.

Student time use and work load

1 ECTS requires about 27 hours of students work (5 ECTS = 135h)

Contents

Preliminary content:
Supply Chain and value to the business
Basics on warehousing and transportation
Basics of procurement

Additional information for students: previous knowledge etc.

No preliminary knowledge is needed. A core competence course.

Assessment criteria

Group work and individual work will be graded either pass/fail or with grades 0-5. Activity in lectures has a positive effect on grades. Assignment Deadline Policy: Late submissions will not be accepted.

Assessment scale

1-5

Failed (0)

Assignments are not submitted on time.

Assessment criteria: level 1 (assessment scale 1–5)

The student can explain what are logistics and supply chain management and has basic knowledge in the field of supply chain management.

Assessment criteria: level 3 (assessment scale 1–5)

The student can apply concepts of logistics and supply chain management in the field of business.

Assessment criteria: level 5 (assessment scale 1–5)

The student can define and manage processes of logistics and supply chain. The student knows how to apply concepts of logistics and supply chain management in the field of business.

Learning outcomes

Student is able to

-use basic concepts of logistics and supply chain management.
- the principles of value chain formation.
- identify the impact of logistics and supply chains on the company's profitability and competitiveness.
- describe the importance of customer orientation and stakeholder cooperation throughout the supply chain.

Implementation and methods of teaching

The course contains lectures, workshops, topics to discuss in lectures, searching for materials from sources, and presentations of group or individual work.
Punctuality: Arrive on time for lectures. Check TimeEdit for your lecture schedule and follow it. Attendance registration will be done at the beginning of each lecture. Late entry to the classroom will be treated as equivalent to absence.

Timing and attendance

Requirement: To complete the course successfully, you must attend at least 80% of the lectures.
Consequence: If you fall below the 80% attendance requirement, you will be unenrolled from the course.
Absence must be informed to the teacher.

Learning material and recommended literature

Slides from lectures will be provided to Moodle.
All assignments are compulsory in order to pass the course. Assignments are individual and group work, some of the work will be presented in lectures.

Learning environment

Moodle, campus lectures, (Zoom if needed), time to study on your own.

Student time use and work load

1 ECTS requires about 27 hours of students work (5 ECTS = 135h)

Contents

Preliminary content:
Supply Chain and value to the business
Basics on warehousing and transportation
Basics of procurement

Additional information for students: previous knowledge etc.

No preliminary knowledge is needed. A core competence course.

Assessment criteria

Group work and individual work will be graded either pass/fail or with grades 0-5. Activity in lectures has a positive effect on grades. Assignment Deadline Policy: Late submissions will not be accepted.

Assessment scale

1-5

Failed (0)

Assignments are not submitted on time.

Assessment criteria: level 1 (assessment scale 1–5)

The student can explain what are logistics and supply chain management and has basic knowledge in the field of supply chain management.

Assessment criteria: level 3 (assessment scale 1–5)

The student can apply concepts of logistics and supply chain management in the field of business.

Assessment criteria: level 5 (assessment scale 1–5)

The student can define and manage processes of logistics and supply chain. The student knows how to apply concepts of logistics and supply chain management in the field of business.

Learning outcomes

Student is able to

-use basic concepts of logistics and supply chain management.
- the principles of value chain formation.
- identify the impact of logistics and supply chains on the company's profitability and competitiveness.
- describe the importance of customer orientation and stakeholder cooperation throughout the supply chain.

Implementation and methods of teaching

Lectures, e-learning, assignments, exams.
Lectures are held at the campus and are not recorded.

Timing and attendance

Timing: see TimeEdit

Learning material and recommended literature

Waters, Donald: Supply Chain Management, and Introduction to Logistics
Lecture materials

Alternative completion methods

Book exam at the campus, agree with teacher

Exam retakes

According to degree regulations, agree with teacher

Learning environment

Lectures at campus. Moodle, Teams, Zoom

Student time use and work load

1 ECTS requires about 27 hours of students work (5ECTS = 135h)

Contents

During the course, we will go through the basics of supply chain management. You will understand the meaning of logistics and SC management, and how do they affect the profitability of any company. On this course, you will get an oversight of the interesting world of logistics. We will not dive deep into any topic, but this course acts as ground for more advanced courses.

After the course, the student is able to
- describe the supply network entity and understand its role in a company’s profitability
- use the methods applied in the development and monitoring of a supply network

Assessment criteria

Assignments, exams, self-evaluation

Assessment scale

1-5

Assessment criteria: level 1 (assessment scale 1–5)

Apply some of the professional concepts and demonstrate their familiarity with the knowledge base
of the field in question. Describe the logistical starting points, needs and grounds of action.

Assessment criteria: level 3 (assessment scale 1–5)

Apply professional concepts in a consistent manner. Identify the logistical starting points, needs and grounds of action.

Assessment criteria: level 5 (assessment scale 1–5)

Apply professional concepts expertly. Compare different logistical options of action.

Learning outcomes

Student is able to

-use basic concepts of logistics and supply chain management.
- the principles of value chain formation.
- identify the impact of logistics and supply chains on the company's profitability and competitiveness.
- describe the importance of customer orientation and stakeholder cooperation throughout the supply chain.

Implementation and methods of teaching

Learn essential principles in logistics and supply chain core competence course. Participate in workshops to understand the global supply chain and hear real-world case examples. Participate in classroom activities to find out how to make a proper procurement decision and how to manage supply chain risks. You will learn what are the career opportunities and education options.

Punctuality: Arrive on time for lectures. Check TimeEdit for your lecture schedule and follow it. Attendance registration will be done during each lecture. Late entry to the classroom will be treated as equivalent to absence.

Timing and attendance

Requirement: To complete the course successfully, you must attend at least 80% of the lectures.
Consequence: If you fall below the 80% attendance requirement, you will be unenrolled from the course.
Absence must be informed to the teacher.

Learning material and recommended literature

Materials will be provided to Moodle.
All assignments are compulsory to pass the course. Assignments are individual and group work, some will be presented on lectures.

Learning environment

Moodle, campus lectures, (Zoom if needed), time to study on your own.

Student time use and work load

1 ECTS requires about 27 hours of students work (5 ECTS = 135h)

Contents

Preliminary content:
Supply Chain and value to the business
Basics on warehousing and transportation
Basics of procurement

Additional information for students: previous knowledge etc.

No preliminary knowledge is needed. A core competence course.

Assessment criteria

Group work and individual work will be graded either pass/fail, with grades 0-5 or by points. Activity in lectures has a positive effect on grades. Assignment Deadline Policy: Late submissions will not be accepted.

Assessment scale

1-5

Assessment criteria: level 1 (assessment scale 1–5)

The student can explain what are logistics and supply chain management and has basic knowledge in the field of supply chain management.

Assessment criteria: level 3 (assessment scale 1–5)

The student can apply concepts of logistics and supply chain management in the field of business.

Assessment criteria: level 5 (assessment scale 1–5)

The student can define and manage processes of logistics and supply chain. The student knows how to apply concepts of logistics and supply chain management in the field of business.

Learning outcomes

To learn and become acquainted with the managerial principles, models and tasks in an organisation as well as features of succesful leadership.

Implementation and methods of teaching

Contact teaching as specified at the beginning of the course. Individual assignments related to contact teaching. The course also contains some group work and workshops.

Timing and attendance

Schedule in TimeEdit.

Learning material and recommended literature

At the beginning of the course, mainly digital material to be announced on the Moodle pages.

Working life cooperation

Visiting lectures possible

Exam retakes

Re-exam and/or individual tasks done in Moodle.

Learning environment

Contact teaching, LABs Moodle-platform, working alone and in groups

Student time use and work load

Total time spent about 135 hours, of which contact teaching accounts for about 20 hours, other voluntary work independently and / or in groups.

Contents

Manager as a profession, basics of personnel management, managerial communication, decision-making and labor legislation, as well as management tools. Material and learning tasks related to the topic.

Additional information for students: previous knowledge etc.

Completion of the course does not require previous business studies.

Assessment criteria

Assessment is done according to the learning task(s).

Assessment scale

1-5

Failed (0)

The student has not achieved the learning objectives.

Assessment criteria: level 1 (assessment scale 1–5)

The student knows how
- use individual professional concepts and demonstrate familiarity with the knowledge base in the field
- describe the starting points, needs and rationale for the action

Assessment criteria: level 3 (assessment scale 1–5)

The student knows how
- use key professional concepts consistently
- identify and justify the starting points, needs and rationale for the action.

Assessment criteria: level 5 (assessment scale 1–5)

The student knows how
- use professional concepts competently
- compare the different operational options, justifying them

Learning outcomes

To learn and become acquainted with the managerial principles, models and tasks in an organisation as well as features of succesful leadership.

Implementation and methods of teaching

Combination of contact sessions, virtual material and other methods defined more precisely during the course.

Timing and attendance

Mandatory contact lessons

Learning material and recommended literature

Material is given by the teacher

Contents

Fundamentals of leadership and management functions

Assessment scale

1-5

Learning outcomes

To learn and become acquainted with the managerial principles, models and tasks in an organisation as well as features of succesful leadership.

Implementation and methods of teaching

Contact teaching. Individual assignments related to contact teaching. The course also contains some group work.

Timing and attendance

Schedule in TimeEdit. Attendance is mandatory.

Learning material and recommended literature

At the beginning of the course, mainly digital material to be announced on the Moodle pages.

Exam retakes

Individual tasks done in Moodle.

Learning environment

Contact teaching, LABs Moodle-platform, working alone and in groups

Student time use and work load

Total time spent about 135 hours, of which contact teaching accounts for about 20 hours, other work independently and / or in groups.

Contents

Manager as a profession, basics of personnel management, managerial communication, decision-making as well as management tools. Material and learning tasks related to the topic.

Additional information for students: previous knowledge etc.

Completion of the course does not require previous business studies.

Assessment criteria

Assessment is done according to the learning task(s).

Assessment scale

1-5

Failed (0)

The student has not achieved the learning objectives.

Assessment criteria: level 1 (assessment scale 1–5)

The student knows how
- use individual professional concepts and demonstrate familiarity with the knowledge base in the field
- describe the starting points, needs and rationale for the action

Assessment criteria: level 3 (assessment scale 1–5)

The student knows how
- use key professional concepts consistently
- identify and justify the starting points, needs and rationale for the action.

Assessment criteria: level 5 (assessment scale 1–5)

The student knows how
- use professional concepts competently
- compare the different operational options, justifying them

Learning outcomes

The student is able to
- produce cost-volume-profit analyses
- identify cost drivers and apply cost data in price setting
- draw up budgets and define the budgeting process

Implementation and methods of teaching

The course will include contact lectures, exercise sessions (including case assignments etc.) and self study exercises / assignments. At the end of the course there will be an online exam.

Timing and attendance

The course will run during the whole autumn semester from September to December. Class attendance is not mandatory, but absence from classes requires active and intensive self study and learning.

Learning material and recommended literature

Material provided by the lecturer in Moodle.
Additional reading e.g.: Drury, Colin. 2006 (or newer). Management Accounting for Business. London: Thomson.

Working life cooperation

Possibly a visiting lecturer from local business.

Exam retakes

A retake possibility for the exam in week 51 . Second retake will be possible in January 2025.

Learning environment

Contact lessons on campus.

Student time use and work load

5 credits corresponds approximately 135 hours of student's use of time.

Contents

Course content: introduction to management accounting, cost concepts, cost-volume-profit analysis, cost-based pricing and budgeting.

Additional information for students: previous knowledge etc.

Financial accounting

Assessment criteria

Assessment is based on exam and assignments.

Assessment scale

1-5

Failed (0)

Student does not reach the learning objectives.

Assessment criteria: level 1 (assessment scale 1–5)

Student reaches the learning objectives and in the exam and assignments shows a satisfactory level of knowledge and competence in the subjects covered in the course.

Assessment criteria: level 3 (assessment scale 1–5)

Student reaches the learning objectives and in the exam and assignments shows a good level of knowledge and competence in the subjects covered in the course.

Assessment criteria: level 5 (assessment scale 1–5)

Student reaches the learning objectives and in the exam and assignments shows an excellent level of knowledge and competence in the subjects covered in the course.

Learning outcomes

The student is able to
- produce cost-volume-profit analyses
- identify cost drivers and apply cost data in price setting
- draw up budgets and define the budgeting process

Implementation and methods of teaching

Classroom teaching according to the schedule

Timing and attendance

Attendance at classes highly recommended

Learning material and recommended literature

Material provided by the lecturer in Moodle. Additional reading will be provided later.

Contents

Introduction to Management Accounting.
CVP Income Statement and CVP Analysis
Budgeting
Pricing

Assessment criteria

Assessment is based on the Exam

Assessment scale

1-5

Failed (0)

The student knows less than 50% of the course content

Assessment criteria: level 1 (assessment scale 1–5)

The student has mastered 50-59% of the course content.

Assessment criteria: level 3 (assessment scale 1–5)

The student has mastered 70-79% of the course content.

Assessment criteria: level 5 (assessment scale 1–5)

The student has mastered 90-100% of the course content.

Learning outcomes

The student is able to
- produce cost-volume-profit analyses
- identify cost drivers and apply cost data in price setting
- draw up budgets and define the budgeting process

Implementation and methods of teaching

Classroom teaching according to the schedule

Timing and attendance

Attendance at classes highly recommended

Learning material and recommended literature

Material provided by the lecturer in Moodle.

Exam retakes

Retake Exam Period May 5–9.

Learning environment

Moodle

Contents

Introduction to Management Accounting.
CVP Income Statement
CVP Analysis
Budgeting
Pricing

Assessment criteria

Assessment is based on the Exam

Assessment scale

1-5

Failed (0)

The student knows less than 50% of the course content

Assessment criteria: level 1 (assessment scale 1–5)

The student has mastered 50-59% of the course content.

Assessment criteria: level 3 (assessment scale 1–5)

The student has mastered 70-79% of the course content.

Assessment criteria: level 5 (assessment scale 1–5)

The student has mastered 90-100% of the course content.

Learning outcomes

Student
- Is familiar with project based working
- Knows standard project practices and is able to work in a project organization
- Understands the prerequisites of successful project planning and implementation
- Get practical project working skills and knows project tools and techniques
- Is able to use the project management methodology in real life business projects and is able to develop a project plan, manage end execute the plan successfully.

Assessment scale

1-5

Learning outcomes

Student
- Is familiar with project based working
- Knows standard project practices and is able to work in a project organization
- Understands the prerequisites of successful project planning and implementation
- Get practical project working skills and knows project tools and techniques
- Is able to use the project management methodology in real life business projects and is able to develop a project plan, manage end execute the plan successfully.

Implementation and methods of teaching

The students work with real life business and R&D cases. Based on selected cases the students will create a project plan. The student will apply the methodology of previous courses.

Timing and attendance

Mandatory campus sessions

Learning material and recommended literature

Material is provided by the teacher

Assessment criteria

Project work, documentation and reporting, final seminar presentation.

Assessment scale

1-5

Learning outcomes

Student
- Is familiar with project based working
- Knows standard project practices and is able to work in a project organization
- Understands the prerequisites of successful project planning and implementation
- Get practical project working skills and knows project tools and techniques
- Is able to use the project management methodology in real life business projects and is able to develop a project plan, manage end execute the plan successfully.

Implementation and methods of teaching

The students work with real life business and R&D cases. Based on selected cases the students will create a project plan. The student will apply the methodology of previous courses.

Timing and attendance

Mandatory campus sessions

Learning material and recommended literature

Material is provided by the teacher

Assessment criteria

Project work, documentation and reporting, final seminar presentation.

Assessment scale

1-5

Learning outcomes

The student is able to
- describe the basic concepts of micro- and macroeconomics
- recognise the causes and effects for internal balance problems in economy
- understand the special features of labour market
- describe the reasons and consequences of economic fluctuations and the central channels of influence in economic policy
- understand the basic functions of foreign exchange market

Implementation and methods of teaching

Course takes place on spring term 2025 - begins on week 11. Schedule will be updated in the end of February and information will be delivered to the participants via moodle.

Course has 6 compulsory campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions !!!

Timing and attendance

Academic year 2024 - 2025; spring term 2025.

Learning material and recommended literature

Material will be uploaded to moodle files folder.

Learning environment

Participants are divided to two groups - both groups are having 6 compulsory campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions !!!

Student time use and work load

Contact sessions ( 3 x 45 minutes ) - all in all 6 contact sessions ( week 11 - week 16 ).

Course has 6 compulsory campus contact sessions - 3 hours / week ( 3 x 45 minutes ).

Compulsory minimum attendance 5 contact sessions !!!

Schedule will be confirmed and delivered to the participants via moodle.

Contents

Main topics of the course:
- background of the science
- basic concepts of micro- and macroeconomics
- employment and labour market
- economic fluctuations
- economic policy
- foreign exchange market

Additional information for students: previous knowledge etc.

None.

Assessment criteria

Individual assignments, assignment package and final exam.

Assessment scale

1-5

Failed (0)

The criterias ( which are gone through in the first contact session ) are not fulfilled or / and the student don' t follow the deadlines of the course.

Assessment criteria: level 1 (assessment scale 1–5)

Student is familar with the basic concepts of Economics.

Assessment criteria: level 3 (assessment scale 1–5)

Student is familiar with the macroeconomic problems.

Assessment criteria: level 5 (assessment scale 1–5)

Student understands the problems with economic fluctuations and is familiar with main tools of economic policy.

Learning outcomes

The student is able to
- produce cost-volume-profit analyses
- identify cost drivers and apply cost data in price setting
- draw up budgets and define the budgeting process

Implementation and methods of teaching

Classroom teaching according to the schedule

Timing and attendance

Attendance at classes highly recommended

Learning material and recommended literature

Material provided by the lecturer in Moodle.

Exam retakes

Retake Exam Period May 5–9.

Learning environment

Moodle

Contents

Introduction to Management Accounting.
CVP Income Statement
CVP Analysis
Budgeting
Pricing

Assessment criteria

Assessment is based on the Exam

Assessment scale

1-5

Failed (0)

The student knows less than 50% of the course content

Assessment criteria: level 1 (assessment scale 1–5)

The student has mastered 50-59% of the course content.

Assessment criteria: level 3 (assessment scale 1–5)

The student has mastered 70-79% of the course content.

Assessment criteria: level 5 (assessment scale 1–5)

The student has mastered 90-100% of the course content.

Learning outcomes

The student is able to
- structure the legal regulations in the international business

Implementation and methods of teaching

Campus class room teaching, virtual exam, essays and assignments.

Timing and attendance

Contact lessons cover theory and practical case examples.
Students knowledge will be tested with virtual Moodle exams. One exam is about legal framework of international trade law, another exam is about international trade contracts.
Additionally students will prepare one topic related report which will peer reviewed.

Learning material and recommended literature

International Business Law - Text, Cases, and Readings. Ray August et. al. 2013

Alternative completion methods

Online exams or re-examination.

Working life cooperation

Possible guest lectures.

Exam retakes

re-exam

Student time use and work load

The course delivery assumes that students independent studying is approximately 60 hours.

Contents

Students understands the basic legal structure of international business. Student is also able to apply fundamental principles of international business.
Student is familiar with the legal terminology and is able to communicate with legal experts as well as to seek information on legal aspects in international business.
Student will also familiar with the core concepts of international business law and how the business opportunities will be contracted.

Course topic areas:
Legal framework of international business
European Union and it's legal framework
International NGO organizations (WTO; ICC, UN and regional trade blocks) organizations
International contract law with special emphasis in the contractual aspects in corporations
International dispute settlement
Special legal problems in foreign business transactions
Case law examples

Additional information for students: previous knowledge etc.

No pre-requirements.

Assessment criteria

The course perfomance will be assessed with virtual Moodle exams and reports.

Assessment scale

1-5

Failed (0)

Student does not meet the lowest basic knowledge requirements in international business and is not familiar with the fundamental concepts and definitions.

Learning outcomes

The student is able to
- record business transactions into bookkeeping in a small company and draw up its profit/loss account and balance sheet
- calculate the amount of VAT payables
- analyze company's profitability, solidity and liquidity through financial ratios

Implementation and methods of teaching

Lectures
Exercises
Case study assignments
Exam

Timing and attendance

Contact lessons, participation highly recommended.

Learning material and recommended literature

Course slides and exercises are provided by the teacher in Moodle.

Working life cooperation

Possible visiting lecturer from local business, visitors during International Week (week 7)

Exam retakes

Exam retakes possible in May.

Learning environment

Moodle

Student time use and work load

One ECTS equals 27 hours of study, in total 135 h of student's time.

Contents

Accounting obligation
Double entry bookkeeping
Treatment of stock and fixed assets
Financial statements
Financial ratios
Principles of value-added tax

Additional information for students: previous knowledge etc.

Not required

Assessment criteria

Course will be evaluated on scale 1 to 5.
Course grade is formed from the exam grade (100 % of the grade)
Assignments will be evaluated pass/fail, all assignments need to be completed to pass the course.

Assessment scale

1-5

Failed (0)

The student can not implement accounting rules into practice and shows no understanding of accounting.

Assessment criteria: level 1 (assessment scale 1–5)

The student can use basic accounting rules and understands the importance of accounting.

Assessment criteria: level 3 (assessment scale 1–5)

The student can enter the business transactions correctly into bookkeeping and prepare financial statements.

Assessment criteria: level 5 (assessment scale 1–5)

The student can enter the business transactions including VAT correctly into bookkeeping and is able to interpret the financial statements through financial ratios.

Learning outcomes

Student is able to
- link foresight and innovation into the strategic management of an organization in a changing operating environment
- search, structure, create and utilize foresight information
- innovate and create new solutions with agile development methods

Implementation and methods of teaching

Contact lectures and workshops
Individual reading tasks
Individual assignments and
group assignments

Timing and attendance

This course implementation is targeted for IB24K students, students from other study groups will be accepted to the course only if there are places available.

Lecture Attendance Policy:
Requirement: To complete the course successfully, you must attend at least 80% of the lectures. Compulsory attendance in the introduction and final presentation lecture and 80 % total attendance requirement.

Consequence: If you fall below the 80% attendance requirement, you will be unenrolled from the course.

Punctuality: Arrive on time for lectures. Check TimeEdit for your lecture schedule and follow it. Attendance registration will be done during the lectures. Late entry to the classroom will be treated as equivalent to absence.

Assignment Deadline Policy: Late submissions will not be accepted

Activeness during the course contact sessions will affect the final grade positively

Learning material and recommended literature

Materials from the Moodle learning platform &
materials provided by the lecturer.

Alternative completion methods

There is no substitute work.

Learning environment

The Moodle learning platform
Classroom workshops and lecturers

Student time use and work load

A student's estimated workload is 5 x 27 hours
consisting of:
- Contact lectures and workshops
- Individual reading tasks
- Different individual and group course assignments.
Estimated workload is the following:
- Contact lectures and workshops: 24 hrs
- Reading and preparation: 20-25 hrs
- Individual and group assignments: 40-45 hrs
- Final group assignment: 40-45 hrs

Contents

Student is able to
- link foresight and innovation into the strategic management of an organization in a changing operating environment
- search, structure, create and utilize foresight information
- innovate and create new solutions with agile development methods

Assessment criteria

Active participation during the lectures and workshops
Smaller lecture assignments
Final group assignment
Evaluation: 1-5.

Assessment scale

1-5

Failed (0)

The student did not meet the course learning objectives.

Assessment criteria: level 1 (assessment scale 1–5)

The student knows the basic concepts and tools of future research.
The student is able to partly use the environment analyses and forecasting tools.

Assessment criteria: level 3 (assessment scale 1–5)

The student demonstrates good knowledge of the basic concepts and tools of future research.
The student is able to use the environment analyses and forecasting tools

Assessment criteria: level 5 (assessment scale 1–5)

The student demonstrates very good knowledge of the basic concepts and tools of future research.
The student is able to use well the environment analyses and forecasting tools.

Learning outcomes

Understanding the changing global business environment and its effects on international business operations and trade.
After completing the course student is able
- to explain the concepts of internationalization and globalization
- to identify and describe features of global business
- to analyse and interpret the changing global business environment and economics as well as their effects on business

Implementation and methods of teaching

Contact lectures on campus, group assignments, exam

Timing and attendance

Lectures according to timetable, compulsory participation

Learning material and recommended literature

Lecture material provided by the teacher, assignment reports/presentations

Exam retakes

Exam dates will be announced at the beginning of the course.

Learning environment

Campus lectures are mandatory

Student time use and work load

4 credits = 108 hours of student work

Contents

Introduction to globalization and internationalization
- political, legal and socio-cultural business environment
- basics of economics
- economic trade areas
- role of trade organizations

Assessment scale

1-5

Learning outcomes

Student is able to

-use basic concepts of logistics and supply chain management.
- the principles of value chain formation.
- identify the impact of logistics and supply chains on the company's profitability and competitiveness.
- describe the importance of customer orientation and stakeholder cooperation throughout the supply chain.

Implementation and methods of teaching

Learn essential principles in logistics and supply chain core competence course. Participate in workshops to understand the global supply chain and hear real-world case examples. Participate in classroom activities to find out how to make a proper procurement decision and how to manage supply chain risks. You will learn what are the career opportunities and education options.

Punctuality: Arrive on time for lectures. Check TimeEdit for your lecture schedule and follow it. Attendance registration will be done during each lecture. Late entry to the classroom will be treated as equivalent to absence.

Timing and attendance

Requirement: To complete the course successfully, you must attend at least 80% of the lectures.
Consequence: If you fall below the 80% attendance requirement, you will be unenrolled from the course.
Absence must be informed to the teacher.

Learning material and recommended literature

Materials will be provided to Moodle.
All assignments are compulsory to pass the course. Assignments are individual and group work, some will be presented on lectures.

Learning environment

Moodle, campus lectures, (Zoom if needed), time to study on your own.

Student time use and work load

1 ECTS requires about 27 hours of students work (5 ECTS = 135h)

Contents

Preliminary content:
Supply Chain and value to the business
Basics on warehousing and transportation
Basics of procurement

Additional information for students: previous knowledge etc.

No preliminary knowledge is needed. A core competence course.

Assessment criteria

Group work and individual work will be graded either pass/fail, with grades 0-5 or by points. Activity in lectures has a positive effect on grades. Assignment Deadline Policy: Late submissions will not be accepted.

Assessment scale

1-5

Assessment criteria: level 1 (assessment scale 1–5)

The student can explain what are logistics and supply chain management and has basic knowledge in the field of supply chain management.

Assessment criteria: level 3 (assessment scale 1–5)

The student can apply concepts of logistics and supply chain management in the field of business.

Assessment criteria: level 5 (assessment scale 1–5)

The student can define and manage processes of logistics and supply chain. The student knows how to apply concepts of logistics and supply chain management in the field of business.

Learning outcomes

Student is able to
- understand common mathematical methods used in real business life and when to use them.
- practice critical thinking and handles the problem solving skills.
- find and utilise up to date information.
- find confidence by gaining routine of calculation.

Implementation and methods of teaching

During spring 2024 there will be an in class implementation of Business Mathematics.

Timing and attendance

The course will start on week 3. Each week will have 2 h lecture and 2 h exercise lession. Lectures are contact teaching at the campus and you must attend 80% of the lectures. Exercise lectures at then end of the week are optional.

Learning material and recommended literature

Liike-elämän matematiikka (Saaranen, Kolttola, Pösö)
Most of the material is translated from this book to English.

Exam retakes

There will be two retake exams.

Student time use and work load

In Finland one credit point is confirmed to correspond appr. 27 hours of student's studying. This agreement is based on the Bologna process and ECTS (European Credit Transformation System).

Therefore 3 credit points should respond 80 hours of student's studying and 4 credits points correspondently appr 107 hours.

Only part of 80 hours has normally been covered by the contact lessons.

The required amount of studying depends highly on one’s base level of skills, goals and studying technique.

It is highly recommended, that students will study during the whole course, not just in the end on the course or only some topics of the course. Make a schedule, set targets, do the exercises when they are supposed to be done, attend the Teams-meetings, follow the deadlines.

NOTE, even if the course content may sound easy to some of the students, this course can not be handled without studying. This is proven by so many students during the earlier years. So please do not make a mistake of underestimating the level of difficulty of this course. Business Mathematics is not just calculating, it is very much about understanding and being able to link to real life. Good skills in techniques of mathematics aren’t enough.

Contents

- Percentages
- Taxation
- Contribution margin calculation
- Index numbers
- Simple interest
- Compound interest
- Periodic payments
- Credits and loans

Additional information for students: previous knowledge etc.

Basic algebra, percentage calculations and equations.

Assessment criteria

To pass the course you need to pass the exam (50%) and return 50% of the weekly exercises on time.

Assessment scale

1-5

Failed (0)

The student failed to pass the exam or didn't return enough weekly exercises on time.

Assessment criteria: level 1 (assessment scale 1–5)

50 %

Assessment criteria: level 3 (assessment scale 1–5)

70 %

Assessment criteria: level 5 (assessment scale 1–5)

90 %