BPH_ABEC Business Economics

Faculty of Economics and Administration
Spring 2021
Extent and Intensity
2/2/0. 7 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Pavla Marciánová, Ph.D. (lecturer)
Ing. Petr Mikuš, Ph.D. (lecturer)
doc. Ing. Bc. Petr Suchánek, Ph.D. (lecturer)
Guaranteed by
doc. Ing. Bc. Petr Suchánek, Ph.D.
Department of Business Management – Faculty of Economics and Administration
Contact Person: Mgr. Jana Nesvadbová
Supplier department: Department of Business Management – Faculty of Economics and Administration
Timetable
Mon 10:00–11:50 S309
  • Timetable of Seminar Groups:
BPH_ABEC/01: Mon 12:00–13:50 S309, P. Marciánová, P. Mikuš, P. Suchánek
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 24 student(s).
Current registration and enrolment status: enrolled: 0/24, only registered: 0/24, only registered with preference (fields directly associated with the programme): 0/24
fields of study / plans the course is directly associated with
Course objectives
Business Economics relates to the subject Corporate Economics. The company is recognized in the four different points of view. Firstly the company is seen as the creator of value for existing market demand. Another point of view is the decision making process concerning the company production based on the cost analysis followed by the research and development process which is connected with the innovations within the company. Third point of view is focused on the placing company´s production on the markets, what is connected with pricing practices. Last point of view is dedicated to the capital structure of the company which includes investing and financing of the business. The main objective of the course is to obtain basic theoretical and practical knowledge of a company based on the information from other courses as Microeconomics, Corporate economics, Financial accounting. It is also the ground for the following subjects as Management I, Marketing I, Managerial accounting, Controlling which can help students to understand the rules and principles of business economy. Beside the theoretical background, the goal of this subject is also to observe the complexity and coherence of relations within business practice regardless the professional focus of the company.
Learning outcomes
Student graduating this subject should be able to define primary and supporting function of the company, to define the background which leads to the placing the products on markets, to define the costs of inputs of the created value and to specify the controlling methods, to define the basic rules and principals of the marketing incl. Basic rules of pricing - to specify the nature of investing and financing activities and to define the basic rules and principles of the finance accounting, managerial accounting and financial analysis
Syllabus
  • 1. Creating value in the firm▪ Porter´s value chain ▪ Primary and supproting activities▪ Tangible, informational and financial flows of the firm o 2. Typology of companies ▪ Specifics of manufacturing plant▪ Specifics of companies providing services ▪ SME, ▪ Family business ● 3.Demand for consumption products.▪ The basis for demand ▪ industry and firm demand ▪ demand analysis, demand forecasting ▪ o 4. Business environment ▪ specification and identification of stakeholders ▪ basic rules and principles of the market analysis ▪ marketing strategies ● 5.Cost analysis, ▪ Cost classification ▪ Cost according the volume of providing outputs ▪ Production theory 6. Primary activities - inbound logistic ▪ buying activities ▪ suppliers ▪ warehousing ▪ logistic ▪ distribution 7. Primary activities -operation production ▪ Lifecycle of the product ▪ Innovation of product and process innovation ▪ Programme of manufacturing ▪ Process of manufacturing ● 8. Primary activities - Sales and sales policy ● Product policy, ▪ Pricing policy ▪ Communication policy ▪ Distributing policy ● 10. Supporting activities - Human resources ▪ Personal management ▪ Personal planning ▪ Organization of personal work ● 11. Supporting activities - investment ▪ capital structure and structure of assets ▪ basic methods of investment evaluation ▪ break event point analysis, 12. Supporting activities - Company financing ▪ System of financial and managerial financing ▪ financial documents ▪ cash flow, working capital, indicator of efficiency ● 13. Supporting activities - research and development, innovation ▪ typology and taxonomy of innovation ▪ innovation process ▪ innovation and invention ▪ innovation as competitive advantage
Literature
    required literature
  • e-book: Small business management, Springer Link, Jim Dewhurst,Paul Burn https://link.springer.com/book/10.1007/978-1-349-23109-6
  • APPLEBY, Robert C. Modern business administration. 5. ed. London: Pitman, 1991, 15, 462 s. ISBN 0-273-03332-8. info
    recommended literature
  • PIENAAR, W. J., J. J. VOGT and P. W. C. de WIT. Business logistics management : theory and practice. Oxford: Oxford University Press, 2002, x, 316. ISBN 0195780116. info
  • NICKELS, William G., James M. MCHUGH and Susan M. MCHUGH. Understanding business. 3rd ed. Homewood: Irwin, 1993, xxxiv, 893. ISBN 0256095485. info
  • TATE, Curtis E., Marilyn L. TAYLOR and Frank S. HOY. Business policy : administrative, strategic, and constituency issues. 2. ed. Homewood: Irwin, 1987, 868 s. ISBN 0256062153. info
Teaching methods
The course is divided into the lectures which are dedicated to the relevant theme. The lecture is followed by the tutorials focused on the business practice. Students also have to elaborate the seminar paper on relevant issue.
Assessment methods
Conditions of successful completion of the course: participation on tutorials, elaboration of seminar paper (written followed by the PowerPoint presentation) min limit 60% for paper and passed mid-term test. Course is completed by the written exam. Any copying, keeping a record of tests or carrying the tests out, using forbidden aids including any communication devices or any other breach of objectivity of the exam is regarded as a failure to meet the obligations of the subject and as a serious breach of study regulations. As a consequence, the teacher grades the student with "F" and the dean is allowed to initiate a disciplinary action, which might lead to the termination of the studies.
Language of instruction
English
Further Comments
Study Materials
The course is taught annually.
The course is also listed under the following terms Spring 2018, Spring 2019, Spring 2020, Spring 2022, Spring 2023, Spring 2024, Spring 2025.
  • Enrolment Statistics (Spring 2021, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2021/BPH_ABEC