Industrial Economics and Organisation

Aim

The course aims to give the students a holistic view of how companies operate and are governed and how companies can be organized. After the course the students should:

• Describe and explain what it takes to start and run a business.
• Describe, explain and apply different product and investment calculation methods.
• Describe, explain and apply how the budget process works at a company.
• Describe and explain the basics of accounting.
• Describe, explain and apply an annual report by calculating key financial indicators

Content

How to start and run a business, organization, stakeholders. Cost and revenue concepts. Product profitability and investment calculations, budgeting. Bookkeeping, accounting, reporting and financial analysis.