Course detail

Business Economy

ÚSI-ESEKOAcad. year: 2020/2021

The course is aimed at the goals and functions of a company, its property and capital, assets and liabilties valuation, revenues and costs, profit and their mutual relations, cash flow and liquidity. The cource includes operational performance management, financial and investment activities, economic decision-making – calculations, managerial concept of costs, budgets, relations among profit, volume of production, price and costs and tools of economic management (financial accounting, analyses, internal audit). The course also provides student with knowledge of other corporate activities such as production, purchase, HR. After completing this course, students will be able to practically apply their knowledge gained during the course.

Learning outcomes of the course unit

Students gain theoretical knowledge from the field of corporate economics in relation to individual company activities. On the basis of gained knowledge and skills, students should be able (within the framework of their semestral work) to apply and deal with some of the company activities in a selected company and – from the practical point of view – to understand mutual economical connections within a company.


Students are expected to have general economic knowledge.


Not applicable.

Recommended optional programme components

Not applicable.

Recommended or required reading

KOCMANOVÁ, Alena. Ekonomické řízení podniku. Praha: Linde a.s., 2013. 358 s. ISBN 978-80-7201-932-8
KOCMANOVÁ, Alena a kol. Měření podnikové výkonnosti. Brno: Littera, 2013. 249 s. ISBN 978-80-85763-77-5
VOCHOZKA, M., MULAČ, P. Podniková ekonomika. Praha: Grada Publishing, 2012. ISBN 9788024743721
KISLINGEROVÁ, E., SYNEK, M. Podniková ekonomika. Praha: C. H. BECK, 2015. ISBN 978-80-7400-274-8
WÖHE, G., KISLINGEROVÁ, E. Úvod do podnikového hospodářství. Translated by Zuzana Maňasová. Praha: C.H. Beck, 2007. ISBN 9788071798972.

Planned learning activities and teaching methods

Teaching is carried out through lectures and seminars. Lectures consist of interpretations of basic principles, methodology of given discipline, problems and their exemplary solutions. Seminars particularly support practical mastery of subject matter presented in lectures or assigned for individual study with the active participation of students.

Assesment methods and criteria linked to learning outcomes

Knowledge is tested through a written exam (max. 60 points). Final assessment is based on the results of a written test and performance during the semester.

Credit is based on:
1) seminar assignment (max. 10 points)
2) elaboration of individual tasks (max. 10 points)
3) credit test (max. 20 points, min. 10 points)

Grading scale:
A 100 – 90
B 89 - 80
C 79 – 70
D 69 – 60
E 59 – 50
F 49 – 0

Language of instruction


Work placements

Not applicable.

Course curriculum

- Introduction. Goals and functions of a company. Business plan. Company divison. Company surroundings.
- Balance sheet. Assets and capital. Working and net capital. Liquidity. Indebtedness. Optimal capital structure. Assets and liabilities valuation.
- Profit and loss statement. Revenues and costs, profit and their mutual relations.
- Operational performance management.
- Economic decision-making – total costs costing. Relations between profit, volume of production, price and costs.
- Managerial concept of costs (variable costing)
- Classification of costs and revenues.
- Short-term decision-making tasks. CVP analysis. Sensitivity analysis.
- Strategic cost management. Activity based costing – method ABC.
- Financial management of a company. Financial analysis. Management of working capital. Value-based management.
- Investment decision-making.
- Tools for economic management of a company (financial, managerial and cost accounting)
- Budgeting.
- Analyses. Internal audit.

Every seminar is focused on practical exercising of the corporate economics.


The aim of the course is to provide students with theoretical knowledge from the corporate economics. The economic aspect of the subject and technical terminology are emphasized in the lectures. The course includes cash flow management, operational performance management, value based management, investment and economic decision making, managerial concept of costs and costing. The course also provides studetns with knowledge of tools for economic management of a company - managerial, cost and financial accounting, analyzes, internal audit. The subject follows the courses taught at bachelor's studies.

Specification of controlled education, way of implementation and compensation for absences

Attendance check is carried out on the basis of completing a test and other requirements. In case of excused absence in a seminar, teacher can set an alternate condition, usually elaboration of a substitute task.

Classification of course in study plans

  • Programme EID_P Master's, 1. year of study, winter semester, 3 credits, compulsory
  • Programme REI_P Master's, 1. year of study, winter semester, 3 credits, compulsory

Type of course unit



26 hours, optionally

Teacher / Lecturer


13 hours, compulsory

Teacher / Lecturer


eLearning: opened course