Business Economics

  • Credits: 5
  • Ending: Examination
  • Range: 20sP
  • Semester: summer
  • Year: 1
  • Faculty of Business Economics with seat in Košice

Teachers

Included in study programs

Business Economics and Management

Teaching results

The aim of the course is to provide basic theoretical and professional knowledge of a comprehensive complex of business economics about production factors, transformation process and economic results. The course provides a comprehensive view of the functions and activities of the company so that the student can understand the basic principles of its operation. In addition to mastering the basic conceptual apparatus, the aim of the course is to acquaint students with the interconnectedness and complexity of relationships in business practice, regardless of the sectoral affiliation of the company.
Knowledge:
• basic knowledge of the nature of the company in its various forms, business goals and the life cycle of the company,
• knowledge of the classification of business production factors and the nature of business activities
• understanding of the business transformation process in terms of its substance and value aspect as well.
Skills:
• carrying out basic business analyzes in the field of human resources, company assets, costs and business activities,
• interpretation of basic economic indicators,
• critical evaluation of the business process and proposal of recommendations towards the achievement of business goals while maintaining the economy and efficiency of the use of business resources.
Competences:
• an ability to analyze and solve basic problems of business economy,
• an ability of analytical economic thinking,
• a consistency and independence in solving tasks.

Indicative content

Consultations:
The essence of the company, the environment and the goals of the company. Business location. Life cycle. Typology of companies. Association of undertakings and protection of competition. Business transformation process. Production factors of the company. Company workforce and labor productivity. Property of the company, its classification. Long-term assets of the company. Short-term assets of the enterprise. Business costs. Purchase of material inputs. Production activity of the company. Product sales. Economic results of the company.
Self-study:
Enterprise, entrepreneur, entrepreneurship. Business risk. Business environment. Business goals. Distribution of profit in different legal forms of enterprise – part 1. Distribution of profit in different legal forms of enterprise – part 2. Classification of production factors. Methods of calculating the need for workers. Preparation for preliminary test 1. Methods of calculating the need for workers and labor productivity, remuneration of workers. Valuation, depreciation, depreciation and use of long-term assets.
Short-term assets of the company - standards and indicators of the use of short-term assets. Business costs. Purchase of material inputs - calculation of the time of the order, optimal delivery, delivery cycle. Calculation of production capacity. Preparation for preliminary test 2. Product sales. Calculation of profit and profitability indicators.

Support literature

Elementary literature:
1. MAJDÚCHOVÁ, H. a kol. 2020. Podnikové hospodárstvo. Bratislava : Wolters Kluwer, 2020. ISBN 978-80-571-0271-7.
2. MAJDÚCHOVÁ, H. a kol. 2020. Podnikové hospodárstvo. Praktické príklady a kontrolné testy. Bratislava : Wolters Kluwer, 2020. ISBN 978-80-571-0164-2.
Supplementary literature:
3. SAMUELSON, W. F. – MARKS, S. G. – ZAGORSKY, J. L. 2021. Managerial Economics. Hoboken : John Wiley & Sons, 2021. ISBN 978-1-119-55491-2.
4. ARYASRI, A: R. 2020. Business Economics and Financial Analysis. McGraw-Hill Education, 2020. ISBN 978-93-5316-982-4.
5. THOMAS, CH. R. – SHUGHART, W. F. 2013. The Oxford Handbook of Managerial Economics. Oxford : Oxford University Press, 2013. ISBN 978-1-19-978295-6.
6. MAJDÚCHOVÁ, H. – RYBÁROVÁ, D. 2019. Podnikové hospodárstvo pre manažérov. Bratislava : Wolters Kluwer, 2019. ISBN 978-80-571-0035-5.
7. MAJDÚCHOVÁ, H. – NEUMANNOVÁ, A. 2014. Podnik a podnikanie. Bratislava : Sprint dva, 2014. ISBN 978-80-8971-004-1.

Syllabus

Consultations: The essence of the company, the environment and the goals of the company. Business location. Life cycle. Typology of companies. Association of undertakings and protection of competition. Business transformation process. Production factors of the company. Company workforce and labor productivity. Property of the company, its classification. Long-term assets of the company. Short-term assets of the enterprise. Business costs. Purchase of material inputs. Production activity of the company. Product sales. Economic results of the company. Self-study: Enterprise, entrepreneur, entrepreneurship. Business risk. Business environment. Business goals. Distribution of profit in different legal forms of enterprise – part 1. Distribution of profit in different legal forms of enterprise – part 2. Classification of production factors. Methods of calculating the need for workers. Preparation for preliminary test 1. Methods of calculating the need for workers and labor productivity, remuneration of workers. Valuation, depreciation, depreciation and use of long-term assets. Short-term assets of the company - standards and indicators of the use of short-term assets. Business costs. Purchase of material inputs - calculation of the time of the order, optimal delivery, delivery cycle. Calculation of production capacity. Preparation for preliminary test 2. Product sales. Calculation of profit and profitability indicators.

Requirements to complete the course

Continuous assessment: individual work, preliminary tests – 40%
Final assessment: written exam – 60%

Student workload

• attendance at consultations - 20 h.
• self-study – 32 hrs.
• preparation for consultations – 13 hrs.
• preparation for preliminary tests – 13 hrs.
• preparation for the final exam - 52 hrs.
Total: 130 hrs.

Language whose command is required to complete the course

Slovak

Date of approval: 22.02.2022

Date of the latest change: 19.05.2022