Course detail
Managerial Economics 2
FP-Ome2PAcad. year: 2021/2022
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
Number of ECTS credits
Mode of study
Guarantor
Department
Learning outcomes of the course unit
Prerequisites
Co-requisites
Planned learning activities and teaching methods
Emphasis is placed on exercises when practical case studies are dealt with.
Assesment methods and criteria linked to learning outcomes
The exam is awarded based on a written exam. The exam is thematically divided into three areas. The first area is closed questions, the second part is open questions, and the last part is calculating a practical example. The whole scope of the issue is based on individual thematic areas.
The student is awarded a classification according to the ECTS scoring scale (max. 100%, min. Percentage weight for passing the exam = 50%).
Course curriculum
3. – 4. Evaluation of the time development of company economic phenomena (time series). Case study.
5. – 6. The position of a company within competing or other companies also within the EU. Multi-criteria evaluation of companies by selected indicators (methods of ranking, the TOPSIS, ELECTRE methods, etc.). Case study.
7. – 8. Decisions on changing the production, sale, product differentiation, price policy, assortment (optimization analysis, linear regression, multi-dimensional linear regression). Case study.
9. – 10. Decision-making on future company activities (sensitivity analysis, risks). Case study.
Work placements
Aims
Specification of controlled education, way of implementation and compensation for absences
The control of learning during the semester is based on the elaboration of case studies. In the case of excused absences in practical lessons the teacher may, in justified cases, define a substitute condition, usually the elaboration of a separate case study.
Recommended optional programme components
Prerequisites and corequisites
Basic literature
SYNEK, M., KOPKÁNĚ, H., KUBÁLKOVÁ, M. Manažerské výpočty a ekonomická analýza. Praha: CH Beck, 2010. ISBN 978-80-7400-154-3.
Recommended reading
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.
Elearning
Classification of course in study plans
- Programme MGR-MEO Master's 2 year of study, summer semester, compulsory
Type of course unit
Elearning