Business Economics (in English)

  • Credits: 10
  • Ending: Examination
  • Range: 16sP
  • Semester: winter
  • Year: 2
  • Faculty of Business Management

Teachers

Included in study programs

Business Economics and Management

Business Economics and Management

Teaching results

Knowledge:
• Professional and methodological knowledge in crucial areas of business economics enabling critical evaluation of economic phenomena and the search for original and creative solutions.
• Acquire an expanding understanding of critical areas of business economics in a global economic environment.
• Gain knowledge of complex analytical and specific methods of working capital management, value creation processes.
• Expert knowledge in the concepts, methods, practices and standards of business economics.
Skill:
• Develop and articulate own opinion and process in seeking to identify and locate business problems that require the implementation of fundamental measures to improve business performance
• Propose, validate, evaluate, implement new research and work practices to solve actual and potential problems related to its life cycle phases
• To apply own findings resulting from theoretical analysis and own scientific research in the creation of a corporate concept of increasing value.
Competencies:
• Critically evaluate corporate economic phenomena in a changing business environment.
• Present the results of your research and solutions to the professional community.

Indicative content

1. The position of the enterprise in the market economy.
2. Development trends in the theory and practice of relationships between interest groups - shareholders and their impact on the formation of corporate objectives.
3. Business life cycle diagnostics.
4. Development trends in business association.
5. Production enterprise factors.
6. Business process.

Support literature

1. ANDERSEN, T.J. – SCHRODER, P.W.: Strategic Risk Management. UK: Cambridge, 2010.
2. BREALEY, R.A. – MYERS, S.C.: Principles of Corporate Finance, fifth edition. Computer Press, 2000
3. DERMONT McAleese: Economics for Business. Pearson Education Limited,2004
4. DIEDERICH,H.: Allgemeine Betriebswirtschaftslehre. Kohlhammer,
5. DUBCOVÁ, Gabriela - MAJDÚCHOVÁ, Helena - ZAJACOVÁ, Andrea. Is it profitable to make business responsible? : scientific monograph. Editor: Monika Šťastniaková. 1st ed. Ljubljana : Verlag Dashöfer, 2016. 242 s. CD-ROM. ISBN 978-961-6869-37-9.
6. MAJDÚCHOVÁ, Helena - RYBÁROVÁ, Daniela - BRAUNOVÁ, Mária. The identification and evaluation of measures for dealing with a business crisis : scientific monograph [elektronický zdroj]. 1st ed. Praha : Wolters Kluwer, 2016. CD-ROM
7. CHRYSTAL & K. ALEC: Economics for Business and Management. OUP Oxford
8. GATES, S.: Incorporating Strategic Risk into Enterprice Risk Management. A Survey of Current Corporate Practice. Journal of Appied Corporate Finance, 2006, vol-4, p.81-90
9. GILLESPIE, A.: Economics for Business. Oxford University Press, 2019.
10. GREENSPAN, A.: Structural change in the new economy. Before the National Governors' Association, 92nd Annual Meeting, State College, Pennsylvania, 2000 dostupné on line: https://www.federalreserve.gov/boarddocs/speeches/2000/20000711.htm
11. GÜLER, A.-CROWTHER,D.: Global Perspectives on Corporate Goverrnance and CSR. Gower Publishing Limited, 2009. ISBN 978-0-566-09185-8.
12. ITTNER, CH.D.- LARCKER, D.F.: Short Coming up on NonFinancial Performance Measurement. Harward Business Review, November 2003.
13. KAPLAN, R.S. – NORTON, D.P. Balance Scorecard. Praha : Management Press, 2000.
14. MILLER, L. – PARK, C.S.A. Learning Options Fremework with Application to Process Design and Capacity Planning. Production and Operations Management, 2005, vol.14, no.1. p 5-20.
15. REMEŇOVÁ, K. – MAJDUCHOVÁ, H. – KINTLER, J.: Pricing in Creative Industry. Kovac, Dr. Verlag, 2021, ISBN 9783339123466
16. SANKARAN, S. Business Economics. Margham Publications.
17. SHAW, A.: Guide to Performance Measurement and NonFinancial Indicator. The Foundation fpr Performance Measurement, 1999.
18. WERTHER, W.B. - CHANDLER, D. Strategic Corporate Social Responsibility Stakeholders on a Global Environment. SAGE Publications, 2011. ISBN 978-1-42-4129-7453-0.

Syllabus

1. The position of the enterprise in the market economy. New trends in the understanding of the roles and functions of the enterprise, the adaptation of enterprises to the environment of the EU and the global economy, the implications of globalisation for intra- and inter-enterprise relations, the enterprise and the knowledge economy. Prospects for the development of so-called hybrid, mixed organisations as a result of the flexibility of boundaries between different sectors of the national economy. 2. Development trends in the theory and practice of relationships between interest groups - shareholders and their impact on the formation of corporate objectives. Management involvement, development of corporate governance, corporate social responsibility, standardisation of codes of ethics of business entities and their harmonisation with the EU. 3. Business life cycle diagnostics. The essence of enterprise diagnostics and life cycle diagnostics and its components, methods of multicriteria analysis as a possibility of evaluation of individual life cycle phases. Enterprise dissolution. Law on bankruptcy and restructuring. 4. Development trends in business association. New approaches to joint ventures with foreign countries, mergers and alliances in Central and Eastern Europe, strengthening the competitiveness of Slovak companies. Protection of competition in Slovakia and its comparison with EU countries. European company and its types, application in the conditions of the Slovak Republic. 5. Production enterprise factors. Asset and capital structure of the enterprise, its use and management in increasing the competitiveness of the enterprise. Human capital of the enterprise, methods and indicators of measuring the efficiency of production enterprise factors. 6. Business process. New trends in business supply. Methods and indicators for measuring the performance of production capacities in the conditions of the European market environment. The use of sales policy tools in increasing the competitiveness of the enterprise. The value side of the enterprise process (management and use of enterprise costs). Financial management of the enterprise, the relationship between the property and capital structure of the enterprise.

Requirements to complete the course

10 % continuous performance of assigned tasks, 30 % continuous written work (scientific essay), 60 % oral examination

Student workload

260 h - participation in consultations 16 h, preparation for consultations 32 h, processing of continuous assignments 16 h, processing of scientific state 90 h, preparation for the exam 106 h)

Language whose command is required to complete the course

English

Date of approval: 09.02.2023

Date of the latest change: 14.05.2022