Course: Business Economics

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Course title Business Economics
Course code UTM/PX023
Organizational form of instruction Lecture + Lesson
Level of course Bachelor
Year of study not specified
Semester Winter and summer
Number of ECTS credits 3
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
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 - 26 hours per semester
  • unspecified - 26 hours per semester
  • unspecified - 26 hours per semester
Learning outcomes
This course is focused on an interdisciplinary understanding of the foundations of business start-ups, the life and extinction of a business, basic activities with the operation of businesses.
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.,Schollová. H. Praktikum podnikové ekonomiky. Aleš Čeněk Plzeň, 2006.
  • PITTNER, M., ŠVEJDA, P. Řízení inovací v podniku. Asociace inovativního podnikání, 2004. ISBN 80-238-9289-4.
  • SEDLÁČEK, J. Cash flow. Computer Press Brno, 2003. ISBN 80-7226-875-9.
  • SMEJKAL, V.; RAIS, K. Řízení rizik ve firmách a jiných organizacích. Praha: Grada, 2010. ISBN 978-80-247-3051-8.
  • Synek M. a kol. Podniková ekonomika. C. H. Beck, Praha, 2006. ISBN 80-7179-892-4.
  • SYNEK, M. Manažerská ekonomika. Praha: Grada, 2011. ISBN 978-80-247-3494-.


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): Production Management (17) Category: Mechanical engineering and mechanical production 2 Recommended year of study:2, Recommended semester: Winter