Course detail

Managerial Economics 2

FP-Ome2PAcad. year: 2023/2024

The course focuses on methods and procedures used in economic activities of the company using qualitative modelling, mathematical-statistical methods and methods of forecasting economic processes using IT. In the course, case studies are used in particular for practical processing of specific economic cases, including analyses and benchmarking also within the EU. Case studies are focused on the fundamental analysis of property and capital structure, revenues, costs and company results, the evaluation of time development using time series focused on company performance, multi-criteria benchmarking, the use of multi-dimensional linear regression to deal with forecasting methods, as well as decision-making on future company activities. Software Statistica 12, IBM SPSS Statistics will be used for dealing with case studies.

Language of instruction

Czech

Number of ECTS credits

4

Mode of study

Not applicable.

Guarantor

prof. Ing. Alena Kocmanová, Ph.D.

Department

Institute of Economics (ÚE)

Entry knowledge

Students are expected to have general economic knowledge.

Rules for evaluation and completion of the course

The exam is awarded based on the processing of the final test. The test is divided into three thematic areas. The first part contains closed questions respecting all the thematic areas discussed. The second part presents an open question on the selected issue; a comprehensive answer is assumed throughout the issue. The last part is a numerical calculation of similar examples that were solved in the exercises.
The student is awarded a classification according to the ECTS point assessment classification scale (max. 100%, min. percentage weight for passing the exam = 50%).
Attendance is not checked during the semester.

Aims

The aim of the course “Management Economics 2” is to acquaint students with methods and procedures used in individual activities of the company using qualitative modelling including forecasting economic processes, but also using statistical-mathematical methods and procedures. Students will get to know the necessary theory during the lectures, and in practical case studies, they will learn how to use individual methods and procedures. Practical processing of case studies constitutes an essential part of the course; it includes a fundamental analysis of property and capital structure, revenues, costs and company results, the evaluation of time development using time series focused on company performance, multi-criteria benchmarking also within the EU, the use of multi-dimensional linear regression to deal with forecasting methods, as well as decision-making on future company activities. Upon completion of the course, students will be able to use these methods and procedures to solve various problems within the company, and based on the results, to make decisions on the future direction of the company within the international environment.
Students will understand the utilization of the methods, tools and procedures used in various activities of the company and their interdependence with disciplines such as management economics, economics, mathematical modelling, statistics and operational research. Students will take the theory of the completed courses as a basis and in practical case studies, they will learn how to use individual methods and procedures that are necessary for decision-making in practice. Upon completion of the course, the students will be able to evaluate the results achieved, find shortcomings, propose their solutions and make justifications and decisions from the point of view of the economic management of the company.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

KOCMANOVÁ, A. Ekonomické řízení podniku. Praha: Linde Praha, 2013. ISBN 978-80-7201-932-8.
SYNEK, M., KOPKÁNĚ, H., KUBÁLKOVÁ, M. Manažerské výpočty a ekonomická analýza. Praha: CH Beck, 2010. ISBN 978-80-7400-154-3.

Recommended reading

JABLONSKÝ, J. a DLOUHÝ M. Modely hodnocení efektivnosti a alokace zdrojů. Praha: Professional Publishing, 2015. ISBN 978-80-7431-155-0.
ŘEHÁK, J. a BROM, O. SPSS–Praktická analýza dat. Brno: Computer Press, 2015. ISBN 978-80-251-4609-5
SYNEK, M. a kol. Manažerská ekonomika. Praha: Grada Publishing, a.s., 2011. ISBN 978-80-247-3494-1.

Classification of course in study plans

  • Programme MGR-MEO Master's, 2. year of study, summer semester, compulsory

Type of course unit

 

Lecture

10 hours, optionally

Teacher / Lecturer

Ing. Jiří Luňáček, Ph.D., MBA

Exercise

20 hours, compulsory

Teacher / Lecturer

Ing. Jiří Luňáček, Ph.D., MBA