Business Economics for Engineers

Hanken School of Economics

Hanken School of Economics


Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Finance

Finance is an integral and most important component of any business, so everyone needs to improve their competence in this area. Finance courses will ...

Read more about Information Technology

Information technology is at the heart of any process connected to utilizing computers and communication systems. It is a quite broad term that is use...

Read more about Operations

Operations management has recently become a crucial part of any company's framework. This complex process focuses on reducing organizational expenses ...

Read more about Strategy

In order to keep the company that you are managing or your own business competitive, you need to have a clear plan of action, in other words, you must...

Who should attend

Business economics for engineers is for anyone with a technical education, a Bachelor's or Master's of Science in Engineering, with a few years of work experience, with a need to strengthen and broaden their business skills.

A total of 20 participants can take part in the programme.

About the course

Build greater confidence in your decision-making and achieve better profitability by demystifying finance and business economics. Through economic analysis, governance and balance you get a deeper understanding of your business and the main drivers of value. Business economics for engineers will broaden your expertise in business economics to help you see the bigger picture.

In the programme, you will improve your understanding of creating a basis for company reports, and interpret income statements and balance sheets. You will explore the purpose and uses of different calculations, and gain basic knowledge of contract law and tools and tips of how companies can implement a strategic way of working and how to develop their business and strategies to reach their long-term goals.

Content & structure

Module 1 Financial analysis, financial planning and follow-up

Financial analysis, financial planning and follow-up

  • Basic accounting concepts
  • Financial links between business processes
  • The links between the income statement, balance sheet and cash flow statement
  • Analysing annual accounts
  • Financial key ratios (ROI, EBIT etc.)
  • Financial management from a corporate perspective

Financial analysis, financial planning and follow-up continued

  • Cost accounting
  • Contribution costing
  • Absorption costing
  • Budgeting
  • Different types of budgets
  • Using calculations for decision making

Module 2 Contract law, corporate strategy, Excel & Power BI

Contract law

  • Agreement strategy
  • General terms and conditions
  • Delivery and transport of goods and risk transition
  • Payment
  • Review of goods and liability

Corporate strategy

  • Basic concepts
  • The strategy process
  • Selected strategy tools
  • Strategic analysis, market analysis and trends
  • Strategy implementation

Excel & Power BI

  • Repetition of basic calculation
  • Handling larger amounts of data
  • KPI – Key Performance Indicators
  • From Excel data to visual reports via Power BI

Benefits and value

  • Understanding business concepts and relationships in order to get greater confidence in making decisions, both operational and strategic
  • Improving the ability to use and understand basic accounting concepts by using key financial ratios
  • Learning how to analyse the company from different points of view
  • Understand where the company makes its money by going through the purposes and uses of different calculations
  • Learning how to calculate and analyse investments
  • Getting basic knowledge in contract law
  • Looking at the company based on strategic processes
  • Learning how to create visual reports via Power BI


The faculty consists of professional lecturers from Hanken and experienced industry experts. If you wish to take a closer look at the profiles of the lecturers, please contact us and we will send you further information.


Our lectures are based on active learning where the dialogue and exchange of experience between the participants is very important.

The programme combines theoretical and practical aspects both in the content, and methods. You will get tools and skills to understand different business processes that affect the work within the organisation. The programme combines both individual exercises and group exercises relevant to your business. During the programme days, participants have access to our digital learning environments.

Business Economics for Engineers at Hanken School of Economics

This course has no confirmed dates in the future. Subscribe to be notified when it is offered.

Something went wrong. We're trying to fix this error.

Thank you

Someone from the Coursalytics team will be in touch with you soon.


Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Finance

During Finance courses, you will get acquainted with a huge number of financial analyst tools and learn how to work with them. So, you will learn how to make and analyze financial reporting, calculate the main financial indicators of the company and ...

Read more about Information Technology

A large part of the courses provides basic information so the students are not required to have any IT qualifications before enrolling. Most of the IT learning programs are also broken down into specific areas of interest, such as systems analysis, a...

Read more about Operations

When it comes to operations control, whether you’re trying to optimize workflow or marketing and sales operations, you need to impact as many variables at once as possible in order to have a greater effect. However, it's not always that easy. How sho...

Read more about Strategy

Strategy courses contain a large amount of practice. You will be able to analyze the company's performance and make a strategic development plan. All practices are based on real cases that each of you may encounter. The courses will also introduce yo...

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.