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Course detail
FSI-5EMAcad. year: 2024/2025
The course covers the knowledge needs of business management in the field of engineering production with an emphasis on the process approach. It introduces students to the basic economic bases and helps to understand economic production relations in relation to the product in the production system. It is focused mainly on basic information in the field of the company's economy and market principles (e.g. economic result of the enterprise, demand, cost, calculation, production capacity, basics of budgeting, etc.). It also includes the principles of network analysis, market position and strategic planning.
Language of instruction
Number of ECTS credits
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Entry knowledge
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Prerequisites and corequisites
Basic literature
Recommended reading
Elearning
Classification of course in study plans
specialization CZS , 1 year of study, winter semester, elective
Lecture
Teacher / Lecturer
Syllabus
1. Introduction - basics of business economics. Characteristics of specific economic situations with emphasis on technical factors: Free competition. Transition to imperfect competition. Monopoly. Oligopoly. Enterprise as an institution.2. The importance of process management and control through activities; market; market evaluation of the product Nut BCG, Nut GE.3. The result of the company's activities - evaluation of the company's performance; sales, costs; profit; operating load lever.4. Production factors; cost typology; cost functions; cost management tools; turning point.5. Demand functions, market equilibrium. Operational performance of the company. Return on equity (ROE), return on assets (ROA), return on sales (ROS), return on capital employed (ROCE)6. Economic aspects of quality; quality costs.7. Calculation of production; calculation methods; procedure for solving individual methods and their practical use.8. Production capacity, efficiency of production equipment, efficiency of production management, usable time fund.9. Financial planning, basic company balance sheets, balance sheet, profit and loss statement, cash flow (CF).10. Time and risk in financial management, quantification of risk in financial management and investing, time value of money, hourly cost rate.11. Planning in society, business. goals, network. CPM analysis and its application in planning.12. Static and dynamic financial analysis.13. Production management, resource management, managerial functions, leadership, human resources management.
Exercise
E-learning texts