Course detail

Corporate Economy

FP-PepPAcad. year: 2010/2011

Entrepreneurship. Company functions. Production factors. Property and capital structure. Long-term assets. Material stock, use of material. Work in progress stock, stocks of finished products and goods. Costs and their reduction, revenues, economic result, capital appreciation. Break-even point analysis. Operating lever. Incomplete costs calculation. Contribution to the coverage of fixed costs and to profit formation. Life of a company. Development processes. Management functions. Company plans. Management by objectives. Strategy. Fundamentals of project management. Economic optimization. Marketing and sale. Pricing. Production activities. Research activities. Investing activities. Management of long-term assets. Management of tools and equipment. Power economy. Purchases. Personal management. Financial management of a company.

Language of instruction

Czech

Number of ECTS credits

5

Mode of study

Not applicable.

Learning outcomes of the course unit

Knowledge of business goals. Solving problems of production and capacity utilization, the optimal size of deliveries, inventory control, material usage, cost control and profit. Troubleshooting business development process including project management methods and use of critical path in project management. Solving the problems of economic optimization (technical-making model for problem use linear programming techniques, application methods, multi-criteria evaluation of decision options). Marketing management. Methods of pricing of products. Basic problems of management of production activities. Management of scientific progress in the company. Patterns of growth characteristics of members technico series of products depending on the growth of the main parameters of usefulness. Regularities of changes in the introduction of indicators technico technically progressive series instead of the old series of products. Comprehensive approach to the management efficiency of business projects. Basic problems of investment management, management of tangible assets, management tools, energy management, procurement, human resources, financial management.

Prerequisites

Knowledge of equations solutions, minimum and maximum function value calculation, function graphs in various rasters and connection of graphs with numeric figures; knowledge of simplex method, statistics, microeconomics as well as accounting including account sheets; basic knowledge of income tax, value added tax, basic knowledge of basic statements of commercial code as well as labour law, basic knowledge of management.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Teaching methods depend on the type of course unit as specified in the article 7 of BUT Rules for Studies and Examinations.

Assesment methods and criteria linked to learning outcomes

Conditions for awarding the course-unit credit:
1. Electronical submission of five blocks of problem solutions (problems are dividend into five blocks). Student can obtain max. 6 points for one block submitted before specified date (max. 3 points for a block submitted after deadline). To get the course-unit credit, the student must submit all five blocks, and the sum of the points recieved for all of the blocks must be at least 60% of the maximum points possible to obtain (at least 18 points of 30 possible).
2. Passing of 3 tests before dates specified by the plan (1st test – 3 problems, 2nd and 3rd test 2 problems/each test). Points awarded: max 10 points per problem; for each test there are only two reparative terms possible. To get the course-unit credit, student must reach at least 60% of maximum points in each test (42 out of 70 possible in total).
3. 100% attendance at seminars.

Exam requirements: knowledge of taught problematics and their practical applications.
Form of exam: written (1 question, 1 practical problem); 15 minutes time; for E overall classification it is necessary to get E from both the answer to the question and solution of the problem (e.g.: the answer is correct, but some important parts are missing; solution of the problem is correct, but there’s a numerical error).

Conditions for passing an exam: Knowledge of taught topics and its practical application.
Form of examination: written examination.

Course curriculum

Entrepreneurship. Company functions. Production factors. Property and capital structure. Long-term assets.
Material stock, structure of material time, use of material. Work in progress stocks, stocks of finished products and goods. Costs and their reduction. Revenues. Economic result. Capital appreciation.
Break-even point analysis. Operating lever. Incomplete costs calculation. Contribution to the coverage of fixed costs and profit formation.
Life of a company. Development processes.
Management functions. Company plans. Management by objectives. Strategy. Fundamentals of project management.
Economic optimization. Marketing and sale. Pricing.
Production activities. Research activities (categories).
Research activities (analysis of project effectiveness).
Investing activities.
Personal management.
Financial management of the company.

Work placements

Not applicable.

Aims

Provide knowledge and skills in economics and management under the present conditions, focusing on the application of economic theory and methods of decision making, analysis and optimization in management.

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

Attendance is obligatory.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

KONEČNÝ, M. Podniková ekonomika. 6. vyd. Brno: Akademické nakladatelství CERM, 2007. 184 s. ISBN 978-80-214-3465-3. (CS)

Recommended reading

FOTR, J. a kol. Manažerské rozhodování. 2. vyd. Praha: Ekopress, 2006. 409 s. ISBN 80-86929-15-9. (CS)
KISLINGEROVÁ, E. a kol. Manažerské finance. 3. vyd. Praha : C.H.Beck, 2010. 811 s. ISBN 978-80-7400-194-9. (CS)
KONEČNÝ, M. Finanční analýza a plánování. 10. vyd. Brno: Fakulta podnikatelská VUT v Brně, Nottingham Business School the Nottingham Trent University, 2005. ISBN 80-7355-033-4. (CS)
PAVELKOVÁ, D. - KNÁPKOVÁ, A. Výkonnost podniku z pohledu finančního manažera. 2. vyd. Praha: Linde, 2009. 333 s. ISBN 80-86131-63-7. (CS)
SYNEK, M. a kol. Manažerská ekonomika. 5. vyd. Praha: Grada, 2011. 480 s. ISBN 978-80-247-3494-1. (CS)
SYNEK, M. a kol. Podniková ekonomika. 5. vyd. Praha: C.H.Beck, 2010. 498 s. ISBN 978-80-7400-336-3. (CS)
TOMEK, G. - VÁVROVÁ, V. Řízení výroby a nákupu. 1. vyd. Praha: Grada, 2007. 384 s. ISBN 978-80-247-1479-0. (CS)
VEBER, J. a kol. Management. Základy, moderní manažerské přístupy, výkonnost a prosperita. 2. vyd. Praha: Management Press, 2009. 732 s. ISBN 978-80-7261-200-0. (CS)
VLČEK, R. Management hodnotových inovací. 1. vyd. Praha: Management Press, 2008. 240 s. ISBN 978-80-7261-164-5. (CS)

Classification of course in study plans

  • Programme MGR Master's

    branch MGR-PFO , 1. year of study, winter semester, compulsory

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Exercise

13 hours, compulsory

Teacher / Lecturer