Business Economics

Lecturer:

Jan Procházka (guarantor), Miroslav Sponer

Tutor:

Jan Procházka (guarantor), Miroslav Sponer

Supervisor:

Institute of Economic Studies

Synopsis:

The course focuses on the basic elements and relationships within the enterprise economy. The company is situated in a the context of the basic economic environment. Explains the sense of interdependence and essential business information systems. Further targets at the tactical and operational management, particularly focusing on managing costs and revenues from a managerial point of view. The work elaborates operating budgets, calculate the cost of products, introduction to business accounting for the needs of the manager. When teaching uses prepared case studies and techno-economic models.

Requirements:

Credit

Test - 30%

Final exam test 70%

Exam:

Oral exam

Syllabus of lectures:

1. The company, determination, goals, reasons for existence, assumptions of stable development

2. Basic financial statements - a managerial perspective.

3. The first business plan.

4. Costs - variable, fixed, incremental, linear cost model.

5. Revenue, BEP.

6. Capacity calculations.

7. Costing.

8. Costing systems.

9. Optimisation range using calculations.

10. Using cost calculations for pricing.

Syllabus of tutorials:

1. The balance sheet, P/L, cash flow.

2. The first budget.

3. Costs linear model, methods of determining the cost function.

4. Analysis of break-even point, profit, key variables.

5. Capacity calculation.

6. Choice of optimal model of production with regard to capacity constraints.

7. Costing.

8. ABC Costing - a case study.

9. Using calculations for pricing.

Study Objective:

Upon successful completion, students will be able to find economic principle in the operation of the company, to define the basic objectives of a business and describe their reach to manage the current business operations, navigate the links of basic accounting documents in terms of managerial needs, draw up a short-term management plan, determine the capacity of the operation , a qualified estimate of the development costs, revenues and profits, depending on market opportunities, calculate costs and create budgets using various methods adequate situations, use the calculation tools to optimize assortment, distinguished management income and cash flow, to propose measures to stability ordinary course of business.

Study materials:

Synek: Manažerská ekonomika

Zralý: Podniková ekonomika

Scholleová: Podniková ekonomika - sbírka příkladů a případových studií

Mikovcová, Scholleová: Praktikum Podniková ekonomika pro bakalářské studium

Note:

Time-table for winter semester 2020/2021:

	06:00–08:0008:00–10:0010:00–12:0012:00–14:0014:00–16:0016:00–18:0018:00–20:0020:00–22:0022:00–24:00
Mon
Tue
Fri	roomDEJ:103 10:45–12:15 (lecture parallel1) Dejvice 103roomDEJ:102 14:15–15:45 (lecture parallel1 parallel nr.101) Dejvice 102roomDEJ:102 17:45–19:15 (lecture parallel1 parallel nr.105) Dejvice 102 roomDEJ:210 12:30–14:00 (lecture parallel1 parallel nr.103) Dejvice UčebnaroomDEJ:104 14:15–15:45 (lecture parallel1 parallel nr.102) Dejvice 104roomDEJ:104 17:45–19:15 (lecture parallel1 parallel nr.106) Dejvice 104 roomDEJ:209 12:30–14:00 (lecture parallel1 parallel nr.104) Dejvice Učebna
Thu
Fri

Time-table for summer semester 2020/2021:

Time-table is not available yet

The course is a part of the following study plans:

• B-EK-prez.forma od 16/17 (compulsory course)
• B-EK-prez.forma od 17/18 (compulsory course)
• B-EK prez. forma od 18/19 (compulsory course)
• B-EM-P prezenční studium od 18/19 (compulsory course)
• B-EM-P prezenční studium od 19/20 (compulsory course)
• B-EM-P prezenční studium od 20/21 (compulsory course)