spring 2025
TEK-3501 Innovation and Economy - 5 ECTS

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Type of course

Theoretical course. The course can be taken as a single course.

Admission requirements

A relevant undergraduate Bachelor Engineering program with minimum 25 credits mathematics, 5 credits statistics, 7,5 credits physics.

Application code: 9371

Course content

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.

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.

Language of instruction and examination

English

Teaching methods

During two separated and concentrated weeks all theory and project-oriented work will be done. Each day of Monday-Thursday (0800-1600) are split into one half of theoretic lectures and one half of project work in teams. At the end of each week, each project group (team) will be asked to present their work.

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

Schedule

Se timeplan

Examination

Examination: Date: Weighting: Duration: Grade scale:
Project assignment 16.05.2025 14:00 (Hand in) 1/2 A–E, fail F
School exam 06.06.2025 09:00
 1/2 3 Hours A–E, fail F

Coursework requirements:

To take an examination, the student must have passed the following coursework requirements:
Coaching session.  Approved – not approved
UiT Exams homepage

More info about the coursework requirements

Each group need at least one qualified coaching session.

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. (Each team member need to submit their own copy of the report.)

Re-sit examination

Re-sit exam is arranged for written exam only
  • About the course
  • Campus: Narvik |
  • ECTS: 5
  • Course code: TEK-3501
  • Earlier years and semesters for this topic