Company Economics
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Course informations
| Study program level |
Undergraduate |
| Study program |
Management |
| Study program direction |
Informatics management |
| Course year |
1. |
| Course semester |
II |
| Course status |
Core |
| ECTS |
6 |
| Lectures (h) |
30 |
| Excercises (h) |
30 |
| Seminars (h) |
- |
Course objectives
Introduce students with basic economic concepts. Linking basic economic concepts to business organizations. In the examples, demonstrate the possibilities of applying methods and decision making techniques to address short-term and long-term business problems in companies.
Course outcomes
- Define the concepts of a company and a business organization properly
- Describe the theory of production, cost theory and calculation method
- Analyze pricing policy and impact on business
- Distinguish the concepts of productivity, cost-effectiveness and profitability
Course content
Introduction to the economy of companies. The specifics of the companies and their role in the economy. Funds of companies: concept and division of production assets, fixed assets, working capital, liquidity and solvency. Production function, total, average and marginal product, declining yield, economies of scale. Cost and calculation theory: concept and types of costs, constant costs, variable costs, marginal costs, cost dependency on capacity utilization changes, cost estimation for different levels of capacity utilization, cost coverage, calculations. Determining business results: expenditures, income, profit and loss account, financial flow of funds, business result, determining the value of the agricultural economy. Business performance indicators: concept of success, productivity, economy, profitability. Economics of investment in the economy: preparation of investment projects, rating of investment projects.
