Course: Business Economics

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Course title Business Economics
Course code KMEP/BK023
Organizational form of instruction Lecture
Level of course Bachelor
Year of study not specified
Semester Winter
Number of ECTS credits 3
Language of instruction Czech
Status of course Compulsory
Form of instruction unspecified
Work placements unspecified
Recommended optional programme components None
Lecturer(s)
  • Sellner Karel, doc. Ing. CSc.
  • Zábranská Alena, Ing. Ph.D.
Course content
1. Company as a part of national economy. Company and business. 2. Company property structure. Company capital categories. 3. Costs, Revenues, Expenditures and Incomes. Net income. Profit and its categories. 4. Company cash flow, relation to net income 5. Company Strategy, strength and weaknesses analysis. SWOT analysis. Company targets and measurements for its achieving. 6. Company life and development. Business plan. Innovation. 7. Company organization, characteristics of main types of organizational structure. 8. Main principles of company management. Control activity. 9. Capacity. Time capacity of equipment and employees. Utilization of production capacity. Calculations of capacity. 10. Stock. Supply chain. Stock management, stock records, stock turnover. Minimal and optimal stock. Non-finished production and finished products supply. 11. Products and services price proposal. Determination of tariffs. Production targets performance analysis. 12. Investment activities of the company. Decision-making, evaluation, preparation and realization of investments. Investment cost structure. 13. Methods of investment and innovation evaluation.

Learning activities and teaching methods
unspecified
Learning outcomes
The subject includes basic terms of Company Economics and characteristics of most important matters related mainly with securing of Company's operating and economical functions. Attention is paid to decision-making and investment execution. Financial-economical aspects of business will be explained and developed in follow-up subject Company Finance.

Prerequisites
unspecified

Assessment methods and criteria
unspecified
Recommended literature
  • Mikovcová H.,Schollová. H. Praktikum podnikové ekonomiky.
  • Petrželová, J. Encyklopedie ekonomických a právních pojmů. 1999.
  • Pittner M., Švejda. Řízení inovací v podniku, Asociace inovativního podnikání. 2004.
  • Smejkal V, Rais K. Řízení rizik ve firmách a jiných organizacích. 2010.
  • 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) Branch of study Category Recommended year of study Recommended semester
Faculty of Mechanical Engineering Production Management (07) Mechanical engineering and mechanical production - Winter