Course: Company Economics

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Course title Company Economics
Course code UTM/KX084
Organizational form of instruction Lecture
Level of course Bachelor
Year of study 2
Semester Winter
Number of ECTS credits 2
Language of instruction Czech
Status of course Compulsory-optional
Form of instruction unspecified
Work placements unspecified
Recommended optional programme components None
Lecturer(s)
  • Vysloužilová Daniela, Ing. Ph.D.
Course content
1. Enterprise as a part of national economy (as economic subject - system), enterprise and entrepreneurship. 2. The structure of the company's assets. Types of business capital. Company balance sheet. 3. Costs, revenues, sales. Profit. Profit and its types. 4. The link between economic results and cash flow, the principle of indirect calculation of cash flow. 5. Company strategy, analysis of strengths and weaknesses, company goals and measures to achieve them. 6. Life of the company and its development. Progress, development, innovation, the subject of innovation, product and technological innovation. 7. Organization of the company, characteristics of the main types of organizational structure of its departments. Capacity, time of operation of the device, capacity calculations. 8. Basic principles of business management. Control and analysis activities 9. Capacity. Equipment time pool. Production capacity utilization. Capacity calculations. 10. Inventories, supply, inventory management, inventory turnover, optimal inventory. 11. Cost calculation and sales price proposal. Tariff setting. 12. Investment activity of the company. Composition of investment costs. Decision making, preparation and implementation of investments. 13. Variants and comparison of investments and innovations. Methods of evaluating investments and innovations

Learning activities and teaching methods
  • unspecified - 24 hours per semester
  • unspecified - 16 hours per semester
  • unspecified - 70 hours per semester
Learning outcomes
Students are to understand the way the company works, its goals, strategies and tactics essential for its running within the national economy. The course will demonstrate that the company must economise with certain assets whose structure is to provide sufficient production adequate to production capacity. It will also illustrate how to generate economic results on the grounds of calculating the products prices and services which will secure company's further development based on innovations. Such results are to be generated on the grounds of investment into new technologies.
The student will gain an overview of the types and subjects of business with a focus on manufacturing companies. ? The student will acquire knowledge of basic economic concepts and their interrelationships for effective business. ? The student will acquire skills for economic and capacity calculations. ? The student is familiar with the analysis and methods of determining development plans and strategies.
Prerequisites
unspecified

Assessment methods and criteria
unspecified
Recommended literature
  • MIKOVCOVÁ, H., SCHOLLEOVÁ, H. Praktikum. Podniková ekonomika pro bakalářské studium. Praha: Vydavatelství a nakladatelství Aleš Čenek, 2006. ISBN 80-86898-78-4..
  • Pittner M., Švejda. Řízení inovací v podniku, Asociace inovativního podnikání. 2004.
  • SMEJKAL, V.; RAIS, K. Řízení rizik ve firmách a jiných organizacích. Praha: Grada, 2010. ISBN 978-80-247-3051-8.
  • Synek, M. a kol. Manažerská ekonomika.Grada 2007. Praha: Grada Publishing, 2000.
  • Synek, M. a kol. Podniková ekonomika. Praha: CH Beck, 2006, ISBN 80-7179-892-4. 1997.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Mechanical Engineering Study plan (Version): Materials and Technologies in Transport (11) Category: Mechanical engineering and mechanical production 2 Recommended year of study:2, Recommended semester: Winter