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Economic and Financial Management (5 cr)

Code: MS00BX30-3003

General information


Enrollment

02.12.2022 - 31.12.2022

Timing

01.01.2023 - 31.07.2023

Number of ECTS credits allocated

5 op

Mode of delivery

Contact teaching

Teaching languages

  • Finnish

Seats

0 - 35

Degree programmes

  • Master of Business Administration, Arts and Culture Management

Teachers

  • Henni Syrjänen
  • Maarit Laiho
  • Kirsi Solalinna

Groups

  • YTAIKUS22
  • 30.03.2023 09:00 - 13:00, Talouden ja rahoituksen hallinta MS00BX30-3003
  • 30.03.2023 09:00 - 13:00, Talouden ja rahoituksen hallinta MS00BX30-3003
  • 06.04.2023 16:00 - 18:00, Talouden ja rahoituksen hallinta MS00BX30-3003
  • 06.04.2023 16:00 - 18:00, Talouden ja rahoituksen hallinta MS00BX30-3003

Objective

After competing the course, the student is able to:

define the resources needed in operation and create a realistic budget
compere financial management models and know hot to choose a suitable one
compare earnings logic and plan a suitable one
compare sponsoring and business cooperation practices and apply then to one´s own activiites
explain domestic and international public and private funders´operating principles, compare financing instruments that are suitable to one´s own activities, plan suitable sources of funding
evaluate and develop funding applications and use and report the obtained funds
analyze and plan contracts that are related to one´s own activities and maintain needed contracts

Content

financial planning and managing, budgeting and funding
earnings logic
sponsoring and business cooperation
domestic and international sources of funding
characteristics of a good funding application
creating and developing a funding application
using and reporting funds
contract contents and practices and managing contracts

Materials

Learning material specified by the teachers at the start of the course (available: self-learning).

Teaching methods

pre-assignment, group work, individual assignments, independent learning, working in Zoom and/or Teams

International connections

Constructive approach
Group work
Flipped learning, i.e. problem-based and solution-focused learning

Student workload

Pre-assignment: orientation on the topic (individual task)
Learning assignment 1: budgeting (group task )
Learning assignment 2: funding options (group task)

Online teaching 16 h
Group work 40 h
Independent learning 79 h

Total 135 h (=5 credits)

Content scheduling

PRE-assignment will be published in Itslearning on 19.1.2023.

9.2.2023 at 9.00-13.00 online
16.2.2023 at 16.00-18.00 online
2.3.2023 at 9.00-13.00 online
30.3.2023 at 9.00-13.00 online
6.4.2023 at 6.00-18.00 online

Zoom link to all online meetings available on 9.2.2023 in Itslearning.

Evaluation scale

H-5

Assessment methods and criteria

Successful completion of the course requires the completion of all the learning assignments.
Assessment will be based on Learning assignments 1 and 2.
The course is assessed with a grade of 1-5/fail.
The preliminary assignment will be graded on a scale HYV/HYL.

The assessment will be based on
- the fulfilment of the requirements of the assignment
- comprehensibility and clarity of the answer
- completeness and comprehensiveness of the answer
- justification and credibility of the arguments