Course: Managerial Economics

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Course title Managerial Economics
Course code UPEM/EMNE
Organizational form of instruction Lecture + Tutorial
Level of course Bachelor
Year of study 1
Semester Summer
Number of ECTS credits 5
Language of instruction English
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Course availability The course is available to visiting students
Lecturer(s)
  • Kuběnka Michal, Ing. Ph.D.
Course content
Organisations, legal forms of organisations. Property and capital structure. Shopping and supply activities in the organisation. Production, production capacity calculations, efficiency and productivity. Sales and sales activities in the organisation. Cost and cost functions. Calculations, kinds of calculations. Economic result, cash-flow, relationships between fundamental economic quantities. Investment, investment efficiency assessment. Enterprise funding, financial analysis. Control and audit.

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with text (with textbook, with book), Methods of individual activities, Stimulating activities (simulation, games, drama)
  • Preparation for a credit (assessment) - 13 hours per semester
  • Home preparation for classes - 26 hours per semester
  • Contact teaching - 65 hours per semester
  • Term paper - 20 hours per semester
  • Preparation for an exam - 26 hours per semester
Learning outcomes
The subject is aimed at familiarizing students with basic concepts and processes in the areas of entrepreneurship, further clarifying the underlying economic quantities and the interrelationships between them.
A student who has successfully graduated from the subject can: Characterise the organisation, its legal forms, cooperation and association of economic operators, explain basic processes related to business realities, in particular the supply, production and disposal of products and services, characterise the assets and capital of the business, its structure and record-keeping, explain basic economic quantities with and relationships between areas of the business economy, characterise investment, financial and control activities and processes in the business. A student who has successfully completed a course can: Navigate basic legal documents relating to the establishment and operation of different legal forms of the business, navigate basic accounting documents characterising the financial situation in the business, assess the efficiency of in-house processes and the use of input resources, evaluate the performance of the business as a whole and its individual parts using financial indicators, evaluate investment projects based on the use of adequate methods. A student who has successfully completed a course is able to: Use knowledge of economic processes and activities in the organisation to assess the economic situation in the selected organisation to solve professional problems.
Prerequisites
unspecified

Assessment methods and criteria
Oral examination, Written examination, Student performance assessment

The assignment is granted upon completion of the following conditions: Attendance (online participation) 8 times or more, written test 60/100 points or more. Exam: a written test at least 65 % is needed. Knowledge of lecture topics is required.
Recommended literature
  • KEAT, P.G. Managerial Economics. Prentice Hall, 2003..
  • SAMUELSON, W.F., MARKS, S.G.:. Managerial Economics. USA: Harcourt Brace College Publishers, 1999.
  • WILKINSON, N. Managerial Economics. Cambridge: Cambridge University Press, 2005. ISBN 0-521-81993-8.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester