Kauppatieteet / Economics and Business Administration

Johtamisen peruskäsitteet ja – työkalut. Ihmisten ja työyhteisöjen johtaminen. Yrittäjyyteen liittyvät keskeiset peruskäsitteet ja erilaiset yrittäjyyden muodot. Opintojakso liittyy kestävään kehitykseen.

Johtamisen peruskäsitteet ja – työkalut. Ihmisten ja työyhteisöjen johtaminen. Yrittäjyyteen liittyvät keskeiset peruskäsitteet ja erilaiset yrittäjyyden muodot. Opintojakso liittyy kestävään kehitykseen.

- The concepts and theories of supplier development and supplier relationship management including related sustainability perspectives - Evolving trends, practices and tools of supplier development and relationship management

The students familiarize themselves with the structure of a Master's thesis, the standards related to the thesis, and plan their own thesis work. The students prepare and present the analysis of the research topic, prepare and present the research plan in the seminar sessions, draw up and present the intermediate version of the thesis (60-70% completed, includes introduction, literature review, research design, and preliminary findings). The students complete a dissertation work on a topic relevant to strategic finance and/or business analytics pre-agreed with the supervisor. 

Core content: This course covers the main topics of multiple criteria decision making under certainty, uncertainty and risk. The topics discussed during the course therefore include: principles of decision making under certainty, uncertainty, risk and ignorance, multiple criteria decision-making (MCDM) and evaluation methods (TOPSIS, AHP), the use evaluations of absolute and relative type, efficiency assessment models (DEA), game theory (non-cooperative games of two players, cooperative games of two players with/without transferable gains, games against nature), validation of decision support systems and models and sensitivity analysis. MATLAB and Excel are used to build the models and solve assignments, to showcase the practical application of the presented methods. Additional content: fuzzy logic in decision-making is also covered, along with topics such as decision-support systems (DSS), expert systems and optimization. Special content: The course also introduces students to the basics of multiple expert decision-making and reaching consensus.

Core content: corporate information stack, business intelligence, big data, Additional content : controlling in a modern corporation based on IS, intelligent systems in business process development, concepts of optimization, machine learning, neural networks, simulation, and fuzzy logic Special content: importance of visualizing knowledge

Mikro- ja makrotaloustieteen perusteet. Kysyntä, tarjonta ja markkinatasapaino, tuotanto ja tuotannontekijämarkkinat, julkisen sektorin rooli. Talouskasvu, työttömyys, inflaatio, suhdannevaihtelut, suhdannepolitiikka.

The learning path of the course is planned to support students' self-directed learning following the principles of student-centered learning and Problem Based Learning (PBL). The course consists of the following parts: - Orientation and introduction, - Individual literature study: Independent literature study comprising of intensive reading and writing an essay based on the assigned course materials (scientific articles), - Peer evaluation based on individual literature study in pairs/small groups. - Reflection

- Basic principles of philosophy of science - The objectives of doing research - Research process - Choice of research methods - The specific features of qualitative and quantitative research - Data gathering, methods, analysis and reporting - Assessing the quality of research

Toimiala-analyysin perusteet. Toimiala-analyysin lähtökohtia ja menetelmiä. Toimialojen kehitys. Toimialojen erityispiirteitä.

Student in this course learn the step-by-step methods of valuation and create an investment analysis report based on their results. The presentations of the produced reports and subsequent findings is an integral part of the course. The topics include: Interest rates and yield to maturity determination discount rate estimation for valuation cash flow estimation & forecasting using quantitative and fundamental techniques discounted cash flows models comparable or relative valuation models Economic value-addition techniques Business analytics models for finance

The basic concepts and issues in statistical inference. Sampling. Graphical and numerical description of data. Use of probability distributions. Parameter estimation and statistical testing. The basic tests to analyze quantitative data, and properly selecting the appropriate tests. Use of statistical software package.

Yritysjuridiikan ja lainopin perusteet. Oikeudellinen tiedonhankinta ja kirjoittaminen.

This course presents the students with a practical business analytics related problem and requires them to solve the problem applying the knowledge and skills obtained during their previous studies. The students are required to solve the problem starting from a problem definition specified in collaboration with the problem stakeholders (decision-makers, managers, etc.) and ending with the presentation of the proposed solution and defending it in front of the stakeholders. The practical solution of the problem requires the students to design the whole analytics project, select appropriate methods to approach and ideally also to solve the problem, obtain relevant data and prepare it for processing, carry out the actual analysis, perform validation, sensitivity analysis and other steps to assess the quality, reliability and robustness of the model(s) used and of the solution(s) and output(s) obtained. The final solution is presented in the form of written reports including the problem description, suggested solution, justification of the use (or dismissal) of specific tools, the performance assessment, validity, reliability and robustness assessment of the proposed model and its outputs. Performance of the model, its assumptions and limitations as well as the limitations of the use of its outputs need to be discussed. The solution is also defended publicly in front of relevant stakeholders and other teams of students. The course consists of: - introductory seminar where the parameters of the problems, their initial formulation by the stakeholders and other issues concerning the course are discussed and clarified - a workshop on problem definition, where initial brainstorming concerning the potential solutions of the presented problems takes place - a workshop on business analytics model results presentation and validation, including the ethics in business analytics modelling and problem solving and responsibilities of the analyst - a progress report seminar where the work in progress is presented and discussed with the teachers, present stakeholders and other groups, feedback is provided - independent (instructor-guided) work on the problem - creation of the final report - a public final result presentation, defense and open discussion The seminars and workshops will be held on-campus in Lappeenranta.

The course focuses on planning, organizing, leading, and controlling, management theories, managerial roles, and leadership styles. The topics are discussed in a global context, requiring an ethical and sustainable approach to management and leadership.

Principles of microeconomics and macroeconomics. Demand, supply and market equilibrium, production and markets for the factors of production, economics of the public sector. Economic growth, unemployment, inflation, economic fluctuations, monetary and fiscal policy. Introduction to the plurality of schools of economic thought.

Opportunities and challenges in international marketing and purchasing operations. The interconnectedness of marketing and purchasing in a company’s operations. Sustainability considerations in marketing and procurement management in international context. Marketing mix tools and purchasing strategy development tools

The course structure comprises the following topics: basic principles of financial and management accounting concepts; structure and analysis of financial statements; basics of cost accounting and budgeting; fundamentals of corporate finance; valuation of future cash flows; payout policy and capital structure; concepts of risk and return; short-term finance and working capital management; and cost of capital and long-term financial policy.