Universidad Politecnica de Madrid UPM

The Technical University of Madrid (Universidad Politécnica de Madrid, UPM) is the oldest and largest of the Spanish Technical Universities. UPM has more than 3,000 faculty members, around 38,000 undergraduate students, and approximately 8,000 graduate and PhD students.

UPM groups more than 20 education centers which cover most engineering disciplines : Aeronautical, Agronomical, Chemical, Civil, Electrical, Electronic, Environmental, Forestry, Industrial, Mechanical, Mining, Nuclear and Naval Engineering.

The Escuela Técnica Superior de Ingenieros Industriales (ETSI Industriales) was founded by a Royal Decree on 4 September 1850, which creates the Royal Industrial Institute of Madrid. It trained Mechanical and Chemical Engineers. During the last decade, the has strengthened notably the activities and initiatives regarding student mobility. Both the number of outgoing and incoming students as well as the number of countries involved have increased dramatically, and with the level achieved the school has truly become an international institution.

Semester 1 common for all options - Management Foundations for Industry 4.0

Statistics and data analytics: from big data to good decisions - 6 ECTS

The arrival of computers and the information age has led to the appearance of large amounts of data in all areas of human knowledge, from biology to astrophysics, finance, marketing … Decisions that are taken in organizations are increasingly based on the conclusions drawn from the analysis of such data. The purpose of this course is to present the most relevant statistical techniques for the modeling and prediction of these large databases, together with relevant applications. The topics covered include linear regression, classification algorithms, resampling techniques, tree models, automatic learning, among others. The focus of the subject is eminently practical, including the use of real examples and their implementation in R, which is the statistical software of reference in this type of problems.

Strategic analysis of business decisions - 6 ECTS

Fundamental objectives of this course’s fundamental are that students became able to:

  • Identify and characterize the strategic implications of business decisions: scale and scope of operations, experience and learning, network effects, vertical integration, diversification, growth, ...
  • To know and apply the tools of game theory to the analysis of business situations and the making of strategic decisions.
  • Apply these tools and methodologies for the design and analysis of strategies and business policies in competitive contexts, especially those that are immersed in the new knowledge economy
  • Complexity and networks: business in an interconnected world - 3 ECTS

    Complexity and networks: business in an interconnected world is oriented to teach the students some of the basics of the emergent work environment, that has been called network economy or knowledge economy. This new context is dynamic, technological and complex, and requires specific skills to understand the macroeconomic context, the evolution of organizations and the organization of work in knowledge intensive environments. The availability of vast amounts of data (in particular in relation to networks) has been the driving force behind the growth of research in "network science" in recent times. One of the most surprising findings, popularized by Albert-László Barabási, has been that real networks behave in ways quite different from what was assumed according to the traditional theory of networks. Traditionally it was thought that most nodes in a network had an equal number of connections (about average). This has been modeled by random graphs. But recently it has been proven that most of the nodes are very little connected except a few that are very connected (hubs). On the other hand, the incorporation of the incorporation of ICT, Information Technology and Communication, in the day-to-day of organizations, has not only been the basis for the generation of these complex data networks, but also has had an impact at all levels of the organization: strategic, organizational and talent management.

    Financial and managerial accounting - 3 ECTS

    Course aim is to provide a clear and well-structured introduction to financial and management accounting. Classes will be fully participative, based on short practical questions and cases, to allow students to understand the basics of accounting, how to read financial statements, the main cost systems and how to make cost decisions. Students will have access to the slides before the class, to facilitate lecture presentations. The text book is accompanied by a comprehensive support package for lecturers, arranged on a chapter-by-chapter basis comprising of:

  • Student lecture notes on a 'fill the gaps' basis
  • Graded questions to supplement those of chapters, including multiple choice questions
  • Solutions to questions in the book
  • 'Safe and Sure' annual report for analysis
  • Capital markets and corporate finance - 3 ECTS

    The objective of the course is to develop a framework for corporate financial decision-making and provide a solid grounding in the principles and practice of financial management. Classes will be fully participative, based on short practical questions and cases, to allow students to understand the basics of accounting, how to read financial statements, the main cost systems and how to make cost decisions. The course breaks down into three main sections:

  • Project Appraisal: This concerns the way in which investment projects are analyzed, the impact of risk, tax and inflation, the term structure of interest rates, the cost of capital and target rates of return.
  • Capital Markets: This covers the operation of the capital markets, its efficiency, the role of intermediaries, sources of finance, the borrowing decision and company valuation and optimal portfolio allocation.
  • Capital Structure: This addresses the issue of the optimal capital structure of firms, market efficiency, the principle of capital structure, and the basics of hedging and international finance.
  • By the end of the course, students have all the tools necessary to value a company by projecting its free cash flows and discounting them at an appropriate rate.

    Industrial and International marketing - 3 ECTS

    This course is designed as an introduction to the world of industrial marketing and international marketing. The contents will cover:

  • Key aspects of the marketing function
  • Main contemporary questions and topics
  • New ideas and insights in the field
  • Also, it pretends to develop abilities such as: research, analysis, diagnosis, creativity, synthesis and communication. The course will benefit students in several ways:
  • For students interested in “Small Business General Management”, they will learn enough to be ready to manage the marketing function in business to business and international environments.
  • For students interested in the “Marketing Function”, it will be a good introduction to industrial and international marketing, but they will have to reinforce certain areas either on the job or in other courses.
  • For students interested in “Other Functional Areas (Manufacturing, Finance,…), it will help them to have a better global understanding of the whole company where they will work.
  • Small and Medium Enterprise Management - 3 ECTS

    To familiarize students with some of the unique issues faced by owners of entrepreneurial and family businesses and of working in small and medium enterprises. Examples of topics covered include selection of business form, financing and cash flow planning. Special problems of family businesses include integrating family members into the business, motivating and retaining non-family employees, and business succession strategies.

    Research methods - 3 ECTS

    This course of Research Methodology aims to provide the students with the analytical knowledge and practical skills to understand and use different research methods for their Master of Science thesis. Students will be able to engage themselves in critical readings through debates and open-discussions in the class. In the end of the semester, the students will be able to critically review a scientific article, conduct a literature review and design a research proposal which will help them build required skills for writing a quality thesis.

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