Economy and Management

Garant předmětu:

Martina Caithamlová

Lecturer:

Martina Caithamlová

Tutor:

Martina Caithamlová

Supervisor:

Department of Biomedical Technology

Synopsis:

This course provides a portfolio of tools from micro-economics, presents basic economic terms, legal forms of entrepreneurship, founding budget, costs and their structure. Main contents of the subject are the problematics of accounting statements (P&L, balance sheet, cash flow). The subject also deals with competition analysis, financial analysis, price strategy and the tax system. Students will get a general overview of the company and its key functional areas.

Requirements:

Min. 50 points out of 100:

a) Max. 30 points - control test (mid-semester)

b) Max. 10 points - activities on seminars

c) Max. 60 points - (min 50% success rate)

Classification according to ECTS

Syllabus of lectures:

1. Firm establishment, legal forms of enterprises. Typology of companies. Assets and capital structure of company. Starting a business. Business plan.

2. Revenues, costs, economic results, cost functions, variable and fixed costs. Main accounting statements.

3. Calculation, pricing policy.

4. Records of business activities.

5. Salaries and wages. Health and social insurance

6. The tax system of the Czech Republic.

7. Financial management, types and methods of firm´s financing.. Business financial analysis

Syllabus of tutorials:

1. Introduction. business plan. Founding budget.

2. Accounting statements structure.

3. Costs classification, methods of cost calculation

4. Control test. Records of business activities - case study.

5. Wages, salaries - how to calculate Employee Wages

6. Investment activities in company, financing and planning of investmentsRecords of business activities of ophthalmic optics.

7. Final test, business risks and uncertainties

Study Objective:

Upon completion of this course, students will be able to define various business systems, with their potential risks and rewards. The aim of the course is to acquaint students with the missions and objectives of enterprise. The objective of this subject is to present the basic economical concepts, entrepreneurship possibilities and pros and cons of different legal forms of entrepreneurship. Draw up founding budget. Introduce the problematics of costs, salaries, business environment analysis, market survey, competition analysis, product life cycle, pricing strategy. Students of this course will learn to read and understand financial statements such as balance sheets, income statements. The students will be acquainted with business financial assessment and its link to the tax system.

Study materials:

[1] Mankiw, N., G. : Business Economics. Cengage, 2019. ISBN: 9781473762770

[2] Gillespie, A.: Economics for Business. Oxford University Press, 2019. ISBN13 (EAN): 9780198786030.

[3] Folland, S.: Economics of Health and Health Care. Taylor and Francis Ltd. 2017. ISBN13 (EAN): 9781138208056

Note:

Time-table for winter semester 2023/2024:

	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	roomKL:B-720 Caithamlová M. 12:00–13:50 EVEN WEEK (lecture parallel1 parallel nr.2) Kladno FBMI Učebna
Wed	roomKL:B-330 Caithamlová M. 10:00–11:50 EVEN WEEK (lecture parallel1 parallel nr.1) Kladno FBMI Učebna roomKL:B-330 Caithamlová M. 10:00–11:50 ODD WEEK (lecture parallel1) Kladno FBMI Učebna
Thu
Fri

Time-table for summer semester 2023/2024:

Time-table is not available yet

The course is a part of the following study plans:

• Optics and Optometry (compulsory course)