545-0146/01 – The use of raw materials economics (MVS)

Gurantor departmentDepartment of Economics and Control SystemsCredits6
Subject guarantordoc. Ing. Roman Kozel, Ph.D.Subject version guarantordoc. Ing. Roman Kozel, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year1Semestersummer
Study languageCzech
Year of introduction2020/2021Year of cancellation
Intended for the facultiesHGFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
KOZ99 doc. Ing. Roman Kozel, Ph.D.
ROL74 Ing. Markéta Laštůvková, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 3+2
Part-time Credit and Examination 12+8

Subject aims expressed by acquired skills and competences

Define the core business of the mining company and its management. Clarify the relationship between the structure of assets and capital and between the revenues, costs and economic performance of the enterprise. Compile the balance sheet and other statements of the mining company. Choose and use appropriate data and mathematical equipment for business analysis. Evaluate the financial situation of the mining company.

Teaching methods

Lectures
Tutorials
Project work

Summary

Learning outcomes of the course unit the students will acquaint with the basics of the industrial business economy. The lectures are characterized by the enterprise in the raw material industry, its objectives and functions, the main activities and their management. At exercises the students acquire practical skills in solving case studies and calculation of examples from the environment of mining enterprises.

Compulsory literature:

McGUIGAN, James R.; MOYER, R. Charles; HARRIS, Frederick H. deB. Managerial economics: applications, strategies, and tactic. Boston: Cengage Learning, 2017. ISBN 978-1-305-50638-1. RICKARD, Thomas A. The Economics of Mining. Franklin Classics Trade Press, 2018. ISBN: 978-0353544697. RUNGE, Ian C. Mining Economics and Strategy. Englewood: Society for Mining, Metallurgy, and Exploration, 2003. ISBN 978-0873351652. CAMUS, Juan P. Management of Mineral Resources: Creating Value in the Mining Business. Englewood: Society for Mining, Metallurgy, and Exploration, 2002. ISBN 978-0873352161.

Recommended literature:

BAYE, Michael R.; PRINCE, Jeff. Managerial economics and business strategy. New York: McGraw-Hill Education, 2017. THOMAS, Christopher R.; MAURICE, Charles S. Managerial economics: foundations of business analysis and strategy. New York: McGraw-Hill Education, 2016. ISBN 978-1-259-25107-8. TILTON, John E.; GUZMÁN, Juan Ignacio. Mineral economics and policy. New York: RFF Press, Resources for the Future, 2016. ISBN 978-1-61726-088-9. DVOŘÁČEK, J. Business economics. Ostrava: VŠB - Technická univerzita Ostrava, 2014. ISBN 978-80-248-3459-7.

Way of continuous check of knowledge in the course of semester

Semestral project presentation, written and oral exam.

E-learning

The scope of the contact part of the combined study is 12 hours of lectures and 12 hours of seminars per semester. Preparation of a professional project with a final report of at least 10 A4 pages on the topic of financial analysis of an industrial company. Control during the semester as part of individual consultations and after submitting work. The Moodle learning management system (lms.vsb.cz) is used for communication beyond the scope of presentations. Through LMS Moodle, it is possible to communicate and transfer learning materials not only between the teacher and students, but also between students.

Other requirements

Semester project Minimum participation 50% Individually according to the instructions of the teacher

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. The essence of an industrial enterprise and business 2. The specifics of the enterprise in the raw material industry 3. The ownership structure of the mining enterprise 4. The capital structure of the mining enterprise 5. Relationship between the structure of assets and the capital of the enterprise in the raw material industry 6. Costs of the mining enterprise 7. Revenue of the mining enterprise 8. The economic result of the enterprise in the raw material industry 9. Workforce of the enterprise in the raw material industry 10. Manufacturing activity in the raw material industry 11. Financial activity of the mining enterprise 12. Investment activity of the mining enterprise 13. Purchasing and sales activities of the mining enterprise

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 45 (45) 25
                Semestrální projekt Semestral project 45  25
        Examination Examination 55 (55) 26 3
                Písemná zkouška Written examination 30  14
                Ústní zkouška Oral examination 25  12
Mandatory attendence participation: at least 50%

Show history

Conditions for subject completion and attendance at the exercises within ISP: Semester project Exam Personal participation in classes is not required Individually according to the instructions of the teacher

Show history

Occurrence in study plans

Academic yearProgrammeBranch/spec.Spec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2024/2025 (B0724A290003) Mineral Economics EMS K Czech Most 1 Compulsory study plan
2024/2025 (B0724A290003) Mineral Economics EMS P Czech Ostrava 1 Compulsory study plan
2024/2025 (B0724A290003) Mineral Economics EMS K Czech Ostrava 1 Compulsory study plan
2023/2024 (B0724A290003) Mineral Economics EMS K Czech Ostrava 1 Compulsory study plan
2023/2024 (B0724A290003) Mineral Economics EMS K Czech Most 1 Compulsory study plan
2023/2024 (B0724A290003) Mineral Economics EMS P Czech Ostrava 1 Compulsory study plan
2022/2023 (B0724A290003) Mineral Economics EMS K Czech Most 1 Compulsory study plan
2022/2023 (B0724A290003) Mineral Economics EMS K Czech Ostrava 1 Compulsory study plan
2022/2023 (B0724A290003) Mineral Economics EMS P Czech Ostrava 1 Compulsory study plan
2021/2022 (B0724A290003) Mineral Economics EMS K Czech Most 1 Compulsory study plan
2021/2022 (B0724A290003) Mineral Economics EMS K Czech Ostrava 1 Compulsory study plan
2021/2022 (B0724A290003) Mineral Economics EMS P Czech Ostrava 1 Compulsory study plan
2020/2021 (B0724A290003) Mineral Economics EMS K Czech Most 1 Compulsory study plan
2020/2021 (B0724A290003) Mineral Economics EMS K Czech Ostrava 1 Compulsory study plan
2020/2021 (B0724A290003) Mineral Economics EMS P Czech Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction



2023/2024 Summer
2022/2023 Summer
2021/2022 Summer
2020/2021 Summer