The course introduces students to the economic system, business and managerial issues. Students are acquainted with the issues separately, but in an effort to understand the interrelations between economic and managerial issues. The economic issue is focused on fixed and current assets, personnel, labor productivity, profit, cash flow. The management issues will become acquainted with managerial functions (planning, organizing, management, control, decision making, and communication). In the exercises, students learn and enhance teamwork and communication skills.