Course: Economics and Management

« Back
Course title Economics and Management
Course code KEMCH/CD06
Organizational form of instruction Lecture
Level of course Bachelor
Year of study 2
Semester Summer
Number of ECTS credits 5
Language of instruction English
Status of course Optional
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Munzarová Simona, Ing. Ph.D.
  • Vávra Jan, Ing. Ph.D.
Course content
Introduction to the economic system. Company and business. Legal forms of business. Asset and capital structure. Balance Sheet. Nature of costs and revenues. Income statement. Cash flow. Investing in long-term assets. Product-costing systems. Absorption costing and variable costing. Business management - substance, objectives and goals, contemporary trends in business management. Framework of business management. Marketing management - substance of marketing, strategic marketing analysis. Personnel management. Plan implementation. Control and controlling. Organization of enterprises.

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with text (with textbook, with book)
Learning outcomes
The goal of lessons is to prepare language in English for students to be acquainted with the scope of corporate economy - basic principles, common tools, methods and calculations used in practice of industrial enterprises. Following goal is to create at students a complex knowledge and skills in business management in contemporary market conditions.
After finishing are students acquainted with elementary economic consequences on the field of business economics and business management. They are able to understand elementary items and calculations required for common business management, included investment management and corporate development. Students are able to define corporate vision, mission, evaluate company environment and corporate position on the market as well as interpret basic budgets, manage them and control them according to process management rules.
Prerequisites
Knowledge in mathematics on high school level is needed for study of the subject.

Assessment methods and criteria
Oral examination, Written examination

Oral exam required. Level of acquired knowledge, approaches, as well as skill in practice application is examined. During term the knowledge is verified by one examination paper, its result is considered as a part of final classification.
Recommended literature
  • BREALEY, R.A., MEYERS, S.C. Principles of Corporate Finance. McGraw-Hill, 2000..
  • KOONTZ, H., WEIHRICH, H. Management. McGraw-Hill, 1998..
  • NICKELS, W. G. Understanding Business. Mosby, 1997.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Chemical Technology Study plan (Version): Economy and Management of Chemical and Food Industry (2016) Category: Engineering chemistry and chemistry of silicates 2 Recommended year of study:2, Recommended semester: Summer
Faculty: Faculty of Chemical Technology Study plan (Version): Economy and Management of Chemical and Food Industry (2013) Category: Engineering chemistry and chemistry of silicates 2 Recommended year of study:2, Recommended semester: Summer
Faculty: Faculty of Chemical Technology Study plan (Version): Economy and Management of Chemical and Food Industry (2015) Category: Engineering chemistry and chemistry of silicates 2 Recommended year of study:2, Recommended semester: Summer
Faculty: Faculty of Chemical Technology Study plan (Version): Economy and Management of Chemical and Food Industry (2014) Category: Engineering chemistry and chemistry of silicates 2 Recommended year of study:2, Recommended semester: Summer