115-0493/03 – Managerial Economics (ME)

Gurantor departmentDepartment of ManagementCredits6
Subject guarantordoc. Ing. Marie Mikušová, Ph.D.Subject version guarantordoc. Ing. Marie Mikušová, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
MAT073 Ing. Lucja Matusiková, Ph.D.
MIK90 doc. Ing. Marie Mikušová, Ph.D.
ZEL089 Ing. Kateřina Stanovská, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Part-time Credit and Examination 6+6

Subject aims expressed by acquired skills and competences

1. To familiarize students with the crucial concepts of financial management 2. To understand the system of business goals, plans, and features. 3. To explain the tools, methods and procedures applied in business management. 4. To show the possibilities of practical application of tools and management methods. 5. To quantify and evaluate the resulting economic effects in relation to the basic aims of the company.

Teaching methods

Individual consultations


The aim of the subject is to clarify the nature of the economic system of the entrepreneurial subject and its management in terms of formation of this system through the links of the state, consumption, utilization and effective reproduction of the basic business potential activities. Furthermore, to define the economic input and output of the entrepreneurial subject, including their quantification, to teach students to evaluate and formulate measures to increase the efficiency of the business process implementation and management.

Compulsory literature:

HIRSCHEY, Mark, Eric BENTZEN a Carsten SHEIBYE. Managerial economics. 15th ed. Andover: Cengage, 2019. 796 s. ISBN 978-1-4737-5835-3. GENTLE, James E. Statistical analysis of financial data: with examples in R. Boca Raton: Taylor & Francis, 2020. 645 s. ISBN 978-1-138-59949-9. MAYES, Timothy R. Financial analysis with Microsoft Excel 2019. 9th ed. Boston: Cengage, 2021. 574 s. ISBN 978-0357-44205-0.

Recommended literature:

COX EDMONDSON, Vickie. The Thinking Strategist: Unleashing the Power of Strategic Management to Identify, Explore and Solve Problems. 2nd ed. Bingley: Emerald, 2022. 284 s. ISBN‎ 978-1803-82562-5. SAMUELSON, William, F., Stephen, G. MARKS a Jay, L. ZAGORSKY. Managerial Economics, 9th ed. Hoboken: Wiley, 2021. 560 s. ISBN 978-1119-55491-2. SCHWERDTFEGER, Patrick. Pandemic, Inc.: 8 Trends Driving Business Growth and Success in the New Economy. London: Authority Publishing, 2020. 184 s. ISBN 978-19-4964-240-7.

Way of continuous check of knowledge in the course of semester

credit - written test exam - combined (written and oral)


Other requirements

Knowledge of business management, financial management and accounting.


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

1. Historical excursion to business process management. 2. The economic system of the enterprise. 3. The economic system of the enterprise in relation to the value creation process. 4. The content and structure of the financial statements. 5. Assets structure of the enterprise. 6. The structure of equity and liabilities of the enterprise. 7. Costs, revenues and costing. 8. Methods and procedures for dividing profits. 9. Reasons and analysis of the economic inefficiency of a business entity. 10.Forms of optimizing the capital structure of a business entity. 11.Financial Analysis. 12.Management with employees 13.Management finance, risk and time. 14.Statistical evaluation of economic indicators of the company.

Conditions for subject completion

Part-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of pointsMax. počet pokusů
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 30 (30) 16
                Písemný zápočet Written test 30  16 2
        Examination Examination 70 (70) 35 3
                Kombinovaná zkouška (písemná a ústní) Other task type 70  35 2
Mandatory attendence participation: Attendance at lectures is recommended. Scope of compulsory attendance at seminars - 80%.

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Conditions for subject completion and attendance at the exercises within ISP: Participation in lectures and exercises is not required. The student must meet the other requirements of course completion.

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Occurrence in study plans

Academic yearProgrammeBranch/spec.Spec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2024/2025 (N0413A050014) Economics and Management (S02) Management MAE K Czech Ostrava 2 Compulsory study plan
2023/2024 (N0413A050014) Economics and Management (S02) Management MAE K Czech Ostrava 2 Compulsory study plan
2022/2023 (N0413A050014) Economics and Management (S02) Management MAE K Czech Ostrava 2 Compulsory study plan
2021/2022 (N0413A050014) Economics and Management (S02) Management MAE K Czech Ostrava 2 Compulsory study plan
2020/2021 (N0413A050014) Economics and Management (S02) Management MAE K Czech Ostrava 2 Compulsory study plan
2019/2020 (N0413A050014) Economics and Management (S02) Management MAE K Czech Ostrava 2 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction

2022/2023 Winter
2021/2022 Winter
2020/2021 Winter