Economics of Transport and Telecommunication

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Department of Smart Cities and Regions

Synopsis:

The subject is dedicated to analytical and synthetically views of economic activities, both the production and services business systems. The main interest is focused on the parts which will be provided in decision-making processes by future engineers, technologists and managers. The property and financial structures create the basic issues for business activities. Furthermore, the attention is concentrated on time life cycle of product and service, quantification economic time life, depreciation and methods of its calculation. The problem of inventories as a key question of business activities is provided and basic mathematical inventory models are given. The core of entrepreneurial process - cost analysis, cost estimating, revenue, profit and benefit are put to the main interest of engineer and manager together with structure of business plan, entrepreneurial projects and their analysis and evaluation. Finally, the characteristics of time life business cycle from the start of activities to the end these ones are discussed.

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No time-table has been prepared for this course

The course is a part of the following study plans: