The course is included in these curricula and study modules
Level/category
Teaching language
English
Type of course
Compulsory
Cycle/level of course
First
Recommended year of study
1
Total number of ECTS
5 cr
Competency aims
In this study unit we focus on the following
competencies:
Basic competence in fact-based decision making
Competence in the structure, and functions of
business organisations
Competence in understanding how businesses
contribute to
society
Basic competence in business law
Competence in drafting a business plan
Competence in understanding how businesses manage
their
finances and profitability
SDG´s in focus:
8.Decent work and economic growth
12. Responsible consumption and production
Learning outcomes
Upon completion of this study unit:
You can describe how business activities
contribute to
society and the business owners. (Knowledge)
You can describe the most relevant legal
requirements
for business in Finland. (Knowledge)
You are able to discuss key concepts concerning
the
profitability and financial situation of the
business.
(Skills)
You reflect over the benefits and drawbacks of
different organisational structures. (Approach)
Course contents
- the purpose of firms and business
- organisation and leadership
- different legal forms of companies and
relevant legislation
- basics of corporate analysis
Prerequisites and co-requisites
No prior knowledge required.
Additional information
More information will be given at the
introduction
and on Itslearning.
The course is taught both in Swedish and in
English.
Recommended or required reading
Skripak, S. J. (2016). Fundamentals of Business.
Virginia Tech. (copy the whole link!)
https://open.umn.edu/opentextbooks/textbooks/fun External link
damentals-of-business
Guide Become an Entrepreneur in Finland 2023 
(copy the whole link!)

https://uusyrityskeskus.fi/wp External link-
content/uploads/2023/02/Uusyrityskeskus_Guide_Becoming_an_Entr
epreneur_in_Finland_2023.pdf

Other study material will be announced during
the course.
Study activities
- Lectures - 42 hours
- Individual studies - 93 hours
Workload
- Total workload of the course: 135 hours
- Of which autonomous studies: 135 hours
- Of which scheduled studies: 0 hours
Mode of Delivery
Multiform education
Assessment methods
Exams (written-, oral-, home-)
Assessment requirements
To pass the course the student needs 50% of the 
total points. The
course can be passed by 
passing two module-exams, each giving 45
points, 
or by passing a final exam giving 90 points. 
Attendance
amounts to 10 points. The module-exams 
are one chance only, for the
final exam there 
are re-exams.
Teacher
Buttler Pekka
Examiner
Buttler Pekka
Home page of the course
Group size
No limit
Assignments valid until
12 months after course has ended
Assessment methods
Date of examination will be announced later - Exams