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
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