Course syllabus for Industrial organization and economics

The course syllabus contains changes
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Course syllabus adopted 2021-02-26 by Head of Programme (or corresponding).

Overview

  • Swedish nameIndustriell organisation och ekonomi
  • CodeTEK725
  • Credits7.5 Credits
  • OwnerTIMEL
  • Education cycleFirst-cycle
  • Main field of studyIndustrial Engineering and Management
  • DepartmentTECHNOLOGY MANAGEMENT AND ECONOMICS
  • GradingTH - Pass with distinction (5), Pass with credit (4), Pass (3), Fail

Course round 1

  • Teaching language Swedish
  • Application code 67121
  • Maximum participants60
  • Minimum participants20
  • Open for exchange studentsNo
  • Only students with the course round in the programme overview.

Credit distribution

0119 Examination 6 c
Grading: TH		 6 c
  • 31 Maj 2022 am L
  • 08 Okt 2021 am J
  • 23 Aug 2022 pm L
0219 Project 1.5 c
Grading: UG		 1.5 c

In programmes

Examiner

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Eligibility

General entry requirements for bachelor's level (first cycle)
Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling the requirements above.

Specific entry requirements

The same as for the programme that owns the course.
Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling the requirements above.

Course specific prerequisites

-

Aim

The purpose of most companies is to produce products and services to their customers in the most efficient and profitable way possible. The engineer has an important role in production, often in some leading position, and must therefore be familiar with the basic functions of the economy and concepts as well as how an organization works. The purpose of this course is to introduce the student to the subject areas economics and organization and give an insight into how the knowledge can be applied in a practical context.

After completing the course, the student should have knowledge of basic economic concepts and economic conditions for different activities. The course participant will also have an understanding of how the company environment, in different ways, affects how the company can act to achieve success. The student will have the skills to perform financial calculations for products and investments. He / she will also attain a comprehensive knowledge / understanding of a company's financial situation and have the ability to analyze on the basis of results and balance sheets.

The student will achieve general knowledge of organizational systems, management, governance and strategies for a company's activities. Furthermore, the student will have acquired knowledge and understanding of team work from a psychological perspective.

Learning outcomes (after completion of the course the student should be able to)

  • On an basic level understand what a market is and how it affects companies possibilities to act.
  • Identify, describe and exemplify different basic concepts in organizational theory. 
  • Describe, and use, theories regarding group dynamics, in professional contexts. 
  • Describe, and use, management tools and principles
  • Describe and explain communication and conflict solving methods in professional contexts.
  • Describe, and understand, common change processes in organizations.
  • Use and explain basic economic concepts. 
  • Conduct basic product calculations, and result planning. 
  • Perform basic investment calculations.
  • Describe and analyze annual reports. 
  • Relate to how organization and economic situations in an organization interacts.

Content

This course consists of four parts containing:
  1. The first gives an overview of the prerequisites that makes a business possible, different business types, and organization of businesses.
  2. A second part is dealing with how groups work regarding norms, communication, conflicts, general management and change management.
  3. The third part is about how to model the economic aspects of the business. It contains how to account for results, investment accounting, an overview of product accounting etc.
  4. A project where parts of the previously presented theoretical sections are applied and integrated.
The four parts overlap.

Organisation

The course builds heavily on students taking active responsibility for their own learning. Learning activities consist of lectures, exercises and seminars. Some activities are compulsory.

The lectures are designed primarily to introduce course areas to the student. The lectures only cover part of the entire course's theoretical content and student's active work is assumed.

Exercise sessions consist of more practical tasks (within organization, calculation and interpretation of financial statements) to be resolved or processed during the exercise. These exercises will provide a more practical picture of what the theory means. Exercises can be done by processing exercises, case studies, discussion / workshop on a particular issue or possibly role play.

Seminars aim at providing an opportunity for students to deepen their knowledge within the course areas through discussions.

In order for compulsory exercises and seminars to be approved, both attendance and active participation are required. In the project collaboration with the business community can occur. During the project, students must participate in compulsory supervision and presentation.

Literature

To be announced no later than 8 weeks before course start.

Examination including compulsory elements

The examination has three parts with two reports in Ladok. The three parts are:
  1. Preparation and active participation in the compulsory elements, such as compulsory practice sessions and seminars.
  2. Project work in a group.
  3. Reaching an approved grade on the final examination.
For a final approved grade is an approved mark in each of the parts needed. Grades are given in the scale TH (Fail, 3, 4 or 5) based on the exam results. All material and content from lectures and exercises are grounds for examination. Alternative examination methods may be applied.

The course examiner may assess individual students in other ways than what is stated above if there are special reasons for doing so, for example if a student has a decision from Chalmers on educational support due to disability.

The course syllabus contains changes

  • Changes to examination:
    • 2021-09-21: Grade raising Changed to grade raising by GRULG