Course detail

Business Economy for expert engineers

ÚSI-ESEKOAcad. year: 2025/2026

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.

Language of instruction

Czech

Number of ECTS credits

3

Mode of study

Not applicable.

Guarantor

prof. Ing. Alena Kocmanová, Ph.D.

Department

Institute of Forensic Engineering (ÚSI)

Entry knowledge

Students are expected to have general economic knowledge.

Rules for evaluation and completion of the course

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


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.

Aims

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.
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.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

KISLINGEROVÁ, E., SYNEK, M. Podniková ekonomika. Praha: C. H. BECK, 2015. ISBN 978-80-7400-274-8
KOCMANOVÁ, Alena a kol. Měření podnikové výkonnosti. Brno: Littera, 2013. 249 s. ISBN 978-80-85763-77-5
KOCMANOVÁ, Alena. Ekonomické řízení podniku. Praha: Linde a.s., 2013. 358 s. ISBN 978-80-7201-932-8
VOCHOZKA, M., MULAČ, P. Podniková ekonomika. Praha: Grada Publishing, 2012. ISBN 9788024743721

Recommended reading

Not applicable.

Classification of course in study plans

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

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

prof. Ing. Alena Kocmanová, Ph.D.

Syllabus

Lectures:
- 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.

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

Exercise

13 hod., compulsory

Teacher / Lecturer

prof. Ing. Alena Kocmanová, Ph.D.