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Business Fundamentals for Engineers

Module name (EN):
Name of module in study programme. It should be precise and clear.
Business Fundamentals for Engineers
Degree programme:
Study Programme with validity of corresponding study regulations containing this module.
Mechanical and Process Engineering, Bachelor, ASPO 01.10.2004
Module code: MAB-6.1
Hours per semester week / Teaching method:
The count of hours per week is a combination of lecture (V for German Vorlesung), exercise (U for Übung), practice (P) oder project (PA). For example a course of the form 2V+2U has 2 hours of lecture and 2 hours of exercise per week.
2V+1U (3 hours per week)
ECTS credits:
European Credit Transfer System. Points for successful completion of a course. Each ECTS point represents a workload of 30 hours.
4
Semester: 6
Mandatory course: yes
Language of instruction:
German
Assessment:
Written exam

[updated 12.09.2004]
Applicability / Curricular relevance:
All study programs (with year of the version of study regulations) containing the course.

MAB-6.1 Mechanical and Process Engineering, Bachelor, ASPO 01.10.2004 , semester 6, mandatory course
Workload:
Workload of student for successfully completing the course. Each ECTS credit represents 30 working hours. These are the combined effort of face-to-face time, post-processing the subject of the lecture, exercises and preparation for the exam.

The total workload is distributed on the semester (01.04.-30.09. during the summer term, 01.10.-31.03. during the winter term).
45 class hours (= 33.75 clock hours) over a 15-week period.
The total student study time is 120 hours (equivalent to 4 ECTS credits).
There are therefore 86.25 hours available for class preparation and follow-up work and exam preparation.
Recommended prerequisites (modules):
None.
Recommended as prerequisite for:
Module coordinator:
Prof. Dr. Ralf Oetinger
Lecturer: Prof. Dr. Ralf Oetinger

[updated 18.06.2004]
Learning outcomes:
Students will be taught the fundamental business principles in selected areas that are of practical relevance for technical or engineering professionals.
Areas covered will include: costs, financial results, costing analyses, and discussions of current business news and developments. Prospective engineers will receive guidance in understanding economic and business issues of relevance in their professional careers.

[updated 12.09.2004]
Module content:
1.General introduction to business administration
 
2.Introduction to financial planning and control
 
3.Introduction to investment and financing methods
 
4.Discussion of current business topics from daily newspapers

[updated 12.09.2004]
Teaching methods/Media:
Various exercise sheets and case studies covering the main areas

[updated 12.09.2004]
Recommended or required reading:
Oetinger, R., ‘Betriebswirtschaftslehre für Ingenieure’ (accompanying lecture notes, latest version)
 
Schwab, A. J: Managementwissen für Ingenieure, 2. Auflage 1999 (or more recent edition)
 
Olfert, K. Rahn H-J: Einführung in die Betriebswirtschaftslehre, 6. Auflage 2001
 
Daily newspaper with strong business/economics focus

[updated 12.09.2004]
 
[Sun Jun  8 05:58:15 CEST 2025, CKEY=mbfi, BKEY=m1, CID=MAB-6.1, LANGUAGE=en, DATE=08.06.2025]