Course detail
Corporate Economy 2
FP-Kep2PDAcad. year: 2019/2020
The course focuses on the interconnection of individual knowledge and skills, acting as an integrating element connecting personal managerial skills. Students will acquire a methodological approach to the investigation of business processes and, at the same time, will clarify the specifics of individual business sciences, with an emphasis on practical applicability in solving complex numerical managerial problems.
Language of instruction
Czech
Number of ECTS credits
5
Mode of study
Not applicable.
Guarantor
Department
Learning outcomes of the course unit
The student will know at an advanced level the formulation of systematic procedures for solving general managerial problems. Based on the input conditions, he will be able to apply a suitable method and will be able to evaluate and explain the achieved results critically.
Prerequisites
Knowledge of business economics, economics, mathematics is assumed at the bachelor level.
Co-requisites
Nonexistent
Planned learning activities and teaching methods
The course is taught in the form of lectures, which have the character of interpretation of basic principles and theory of given discipline. Exercise is focused on the practical handling of the material discussed at the lectures.
Assesment methods and criteria linked to learning outcomes
Credit conditions:
Students have to obtain at least 50% of the maximum possible points during the semester, ie, 20 points out of 40.
If unlawful cooperation in written tests is detected, the credit will not be granted with the possibility of considering the initiation of disciplinary proceedings.
Points can be earned for the final test in the last week of the class.
The test contains written answers, which can be the choice of one of several possible, verbal solutions or their combination, as well as computational examples. The correction term is possible only for severe reasons for absence (typically health reasons - it is necessary to document).
Test conditions:
The final exam is written and consists of open questions and numerical examples from the discussed topics. The maximum number of points to be achieved is 60. Pass the exam, the written part of the exam must be written so that at least 20 points.
The scale for the final classification is given by the sum of points for credit and points from the exam. The rating is as follows:
A: 90-100 pts.
B: 80-89 pts.
C: 70-79 pts.
D: 60-69 pts
E: 50-59 pts.
F: less than 50 pts.
Students have to obtain at least 50% of the maximum possible points during the semester, ie, 20 points out of 40.
If unlawful cooperation in written tests is detected, the credit will not be granted with the possibility of considering the initiation of disciplinary proceedings.
Points can be earned for the final test in the last week of the class.
The test contains written answers, which can be the choice of one of several possible, verbal solutions or their combination, as well as computational examples. The correction term is possible only for severe reasons for absence (typically health reasons - it is necessary to document).
Test conditions:
The final exam is written and consists of open questions and numerical examples from the discussed topics. The maximum number of points to be achieved is 60. Pass the exam, the written part of the exam must be written so that at least 20 points.
The scale for the final classification is given by the sum of points for credit and points from the exam. The rating is as follows:
A: 90-100 pts.
B: 80-89 pts.
C: 70-79 pts.
D: 60-69 pts
E: 50-59 pts.
F: less than 50 pts.
Course curriculum
The course focuses on the interconnection of individual knowledge and skills, acting as an integrating element connecting personal managerial skills. Students will acquire a methodological approach to the investigation of business processes and, at the same time, will clarify the specifics of individual business sciences, with an emphasis on practical applicability in solving complex numerical managerial problems.
1. Introduction, Managerial economics as theoretical science, scientific methods used in the subject.
2. Creation of business models, barriers to use.
3. Form of business as a decision problem, economic problems, mergers, quantification of model input factors.
4. Objectives and business development - (Criteria for setting goals, Methods for solving conflicts between goals, Methods, and tools of forecasting).
5. Objectives and development of the company - (Business life cycle).
6. - 7. Non-standard models of investment planning and decision making - (correction method, sensitivity analysis, Dean's model, simultaneous investment planning, use of decision trees, Monte Carlo method).
8. Risk in decision making, the theoretical model of decision making under uncertainty, elimination of subjectivity, use of statistical tools.
9. Management of long-term assets, Models of restoration and exchange, Energy management.
10. Multi-criteria evaluation, choice of methods, limitations in use.
1. Introduction, Managerial economics as theoretical science, scientific methods used in the subject.
2. Creation of business models, barriers to use.
3. Form of business as a decision problem, economic problems, mergers, quantification of model input factors.
4. Objectives and business development - (Criteria for setting goals, Methods for solving conflicts between goals, Methods, and tools of forecasting).
5. Objectives and development of the company - (Business life cycle).
6. - 7. Non-standard models of investment planning and decision making - (correction method, sensitivity analysis, Dean's model, simultaneous investment planning, use of decision trees, Monte Carlo method).
8. Risk in decision making, the theoretical model of decision making under uncertainty, elimination of subjectivity, use of statistical tools.
9. Management of long-term assets, Models of restoration and exchange, Energy management.
10. Multi-criteria evaluation, choice of methods, limitations in use.
Work placements
Nonexistent
Aims
Learning outcomes of the course unit The aim of the course is to provide a comprehensive explanation of general problems of business management regardless of its affiliation to a specific field or branch. The global objective is to summarize sophisticated knowledge and skills, highlighting the context and links in the business and management economics. Students will acquire a methodological approach to the examination of business processes, and at the same time, they will clarify the specifics of individual business sciences dealing with study.
Specification of controlled education, way of implementation and compensation for absences
Participation in seminars is voluntary.
Recommended optional programme components
Nonexistent
Prerequisites and corequisites
Not applicable.
Basic literature
KOCMANOVÁ, A. Ekonomické řízení podniku. Praha: Linde Praha, 2013. ISBN 978-80-7201-932-8.
LUŇÁČEK, J., MARTINOVIČOVÁ, D. Podniková ekonomika II. 1. vyd. Brno: Mendelova univerzita, 2011. 152 s. ISBN 978-80-7375-489-1. (CS)
SYNEK, M. a kol. Manažerská ekonomika. 5. vydání Praha: Grada, 2011. 480 s. ISBN 978-80-247-3494-1. (CS)
SYNEK, M.; KISLINGEROVÁ, E. a kol. Podniková ekonomika. 6.vyd. Praha: C.H.Beck, 2015. 560 s. ISBN 978-80-7400-274-8. (CS)
WÖHE, G., KISLINGEROVÁ,E. Úvod do podnikového hospodářství. Praha: C .H. BECK, 2007. 748 s. ISBN 97-8807-179897-2. (CS)
LUŇÁČEK, J., MARTINOVIČOVÁ, D. Podniková ekonomika II. 1. vyd. Brno: Mendelova univerzita, 2011. 152 s. ISBN 978-80-7375-489-1. (CS)
SYNEK, M. a kol. Manažerská ekonomika. 5. vydání Praha: Grada, 2011. 480 s. ISBN 978-80-247-3494-1. (CS)
SYNEK, M.; KISLINGEROVÁ, E. a kol. Podniková ekonomika. 6.vyd. Praha: C.H.Beck, 2015. 560 s. ISBN 978-80-7400-274-8. (CS)
WÖHE, G., KISLINGEROVÁ,E. Úvod do podnikového hospodářství. Praha: C .H. BECK, 2007. 748 s. ISBN 97-8807-179897-2. (CS)
Recommended reading
KONEČNÝ, M. Podniková ekonomika. 6. vyd. Brno: Akademické nakladatelství CERM, 2007. 184 s. ISBN 978-80-214-3465-3.
(CS)
Classification of course in study plans