Innovation and Economy
About the course
Theoretical course. The course can be taken as a single course.
The contents of the course is made up of two major elements.
Introduction to the concept of Innovation through Design Thinking with a particular emphasis on the process of idea development.
Business planning and modeling using the Osterwalders Canvas as a foundation. The course will also cover the most necessary elements of a business plan.
The course will also cover basic elements in the field of economy theory eks: Analysis and business records, financing and investment.
These theoretical concepts are put into practice through group oriented exercises.
Admission requirements
A relevant undergraduate Bachelor Engineering program with minimum 25 credits mathematics, 5 credits statistics, 7,5 credits physics.
Application code: 9371
Objectives of the course
Provide students with the knowledge and training in main concepts, models and tools within the fields of business development with a focus on innovation and entrepreneurship.
Knowledge
Upon completing the course the candidate:
- K1: Has basic knowledge in fields such as innovation and business idea creation.
- K2: Has basic knowledge of business planning and modeling
- K2: Has basic knowledge of financial and economic elements in relation to new business creation.
Skills
Upon completing the course the candidate:
- S1: Can participate in a creative process using specific tools in order to develop innovative solution to real problems.
- S2: Can generate a business model for a concrete innovative business idea.
- S3: Can develop a realistic framework for a business plan around a concrete innovative business idea.
General competence:
Upon completing the course the candidate:
- GC1: Understand the major elements in the process of turning a problem into a profitable business.
- GC2: Understand how to effectively use process tools like Osterwalders businessmodel generator or Design Thinking.
Teaching methods
Language of instruction and examination
EnglishSchedule
The schedules are normally finalized and published well in advance of the start of the semester, often a few weeks beforehand. This gives students the opportunity to organize their studies and prepare for upcoming activities.
It is recommended to check the schedule regularly, as changes may occur.
Information to incoming exchange students
This course is open for inbound exchange student who meets the admission requirements. Please see the Admission requirements" section".
Master Level
Do you have questions about this module? Please check the following website to contact the course coordinator for exchange students at the faculty: https://en.uit.no/education/art?p_document_id=510412
Examination
| Project assignment | Weighting: 1/2 |
Grade: A–E, fail F |
| School exam | Duration: 3 Hours Weighting: 1/2 |
Grade: A–E, fail F |
To take an examination, the student must have passed the following coursework requirements
| Coaching session. | Grade: Approved – not approved |
Everything you need to know about before, during, and after the exam; registration, absence, appeals, and diplomas: UiT Exams homepage
More info about the coursework requirements
Each student is required to have at least one qualified coaching session. (in groups or individually)
Each group will be required to present their work to the class in one of the two weeks of lectures.
More info about the assignment
All students will be required to submit a report based on a project-work done during the two weeks of the course. Student will be required to submit their work individually, but teamwork will be accepted.Re-sit examination
Students who do not pass the previous ordinary examination can gain access to a re-sit examination. Re-sit exam is arranged for only the written school exam.Which parts of the exam must be taken during a new ordinary exam attempt?
The exam consists of a written school exam, which counts for 50%, and a submission assignment, which also counts for 50%.
Each part can be taken separately during a new regular exam attempt.