545-0339/17 – Economics of Enterprise (EkPod)

Gurantor departmentDepartment of Economics and Control SystemsCredits4
Subject guarantordoc. Ing. Roman Kozel, Ph.D.Subject version guarantordoc. Ing. Michal Vaněk, Ph.D.
Study levelundergraduate or graduateRequirementChoice-compulsory type B
Year1Semestersummer
Study languageCzech
Year of introduction2020/2021Year of cancellation
Intended for the facultiesHGFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
VAN74 doc. Ing. Michal Vaněk, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+1
Part-time Credit and Examination 8+4

Subject aims expressed by acquired skills and competences

Student shows knowledge: of fundamental terms of business economics, of relationship between asset and capital structure, of relationships among the revenues, costs and the economic result of the company, of main activities of the enterprise and their management. Student can: use basic concepts of enterprise economy, build a balance sheet, solve basic tasks for each business activity. Student is able to: work with the basic accounting statements, assess the financial situation of the company by using financial ratios, apply the theoretical knowledge in solving problems of practice.

Teaching methods

Lectures
Tutorials
Other activities

Summary

Subject students learn the basics of business management. It deals with the definition of the company, its objectives and functions, life stages, main activities and their management and explains the basic concepts (business assets, labor force and labor productivity, costs, revenues and profit enterprise, enterprise effectiveness criteria).

Compulsory literature:

WILKINSON, Nick. Managerial economics: a problem-solving approach. Cambridge: Cambridge University Press, 2005. ISBN 0-521-52625-6. SAMUELSON, Paul, A.; NORDHAUS, William, D. Economics. 18th ed. Mc Graw Hill Higher Education, 2005. 776 pp. ISBN 0-07-287205-5. SALVATORE, Dominick. Managerial economics: principles and worldwide applications. International 8th ed. New York: Oxford University Press, c2015. ISBN 978-0-19-939715-0. JANOVSKÁ, Kamila a Šárka VILAMOVÁ. Managerial economics [CD-ROM]. Ostrava: Vysoká škola báňská - Technická univerzita Ostrava, 2015. ISBN 978-80-248-3725-3.

Recommended literature:

SAMUELSON, William F. a Stephen Gary MARKS. Managerial economics. 7th ed. Hoboken: Wiley, c2012. ISBN 978-1-118-04158-1. DVOŘÁČEK, Jaroslav. Economics of industrial enterprise. VŠB-TUO, 2012. CD PNG, Ivan a Dale E. LEHMAN. Managerial economics. 3rd ed. Malden: Blackwell, 2007. ISBN 978-1-4051-6047-6. KEATING, Barry a J. Holton WILSON. Managerial economics: an economic foundation for business decisions. 2nd ed. Mason: Thomson, c2000. ISBN 0-970-13850-4.

Way of continuous check of knowledge in the course of semester

Seminar work, credit test, written and oral exam

E-learning

Other requirements

There are no additional requirements for students.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

Outline of lectures: 1) The essence of the enterprise and business environment of the company 2) Life business 3) Business process as a cycle of capital, the goal of the business process 4) Ownership structure of the company 5) The capital structure of the company 6) Balance sheet 7) The relationship between the structure of assets and capital 8) Labor productivity 9) Company costs 10) Enterprise revenues 11) Profit enterprise 12) The financial activities of the company 13) The investment activities of the company 14) Other business activities Outline of exercises: 1) Tools of economic analysis 2) Balance sheet 3) Accounting depreciation 4) Tax depreciation 5) Utilization of fixed assets 6) Optimization of capital structure 7) Normative inventory 8) Calculation of labor productivity 9) Determination of the enterprise cost 10) Calculation of break-even point 11) Determination of cash flow 12) Ratios 13) Time value of money 14) Final Test

Conditions for subject completion

Part-time form (validity from: 2020/2021 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 30  17
        Examination Examination 70  34
Mandatory attendence parzicipation: 80 % attendance

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (B0724A290004) Petroleum Engineering P Czech Ostrava 1 Choice-compulsory type B study plan
2020/2021 (B0724A290004) Petroleum Engineering K Czech Ostrava 1 Choice-compulsory type B study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner