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The Principles of Economics

* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Course Unit Code634-2001/04
Number of ECTS Credits Allocated4 ECTS credits
Type of Course Unit *Compulsory
Level of Course Unit *First Cycle
Year of Study *Third Year
Semester when the Course Unit is deliveredWinter Semester
Mode of DeliveryFace-to-face
Language of InstructionCzech
Prerequisites and Co-Requisites Course succeeds to compulsory courses of previous semester
Name of Lecturer(s)Personal IDName
JAN48prof. Ing. Kamila Janovská, Ph.D.
S1K47Ing. Eva Švecová, Ph.D.
Summary
The course provides basic information on the crucial areas of economic management business. It also includes basic knowledge of contemporary management.
Learning Outcomes of the Course Unit
Acquired knowledge
- Student is able to name basic relations within the company economic management
- Student can characterise the property and capital structure of entrepreneurial subjects

Acquired skills:
- Student is skilful at analysing the expense and yield items of the company
- Student improves his/her knowledge of basic organizational legal forms of enterprise
- Student is well informed about basic methods used in financial analysis
- Student knows basic terms of company management
Course Contents
1.The subject- matter of economics, the basic terms
2.Legal forms of businesses
3.Financial statements - balance sheet, profit and loss account
4.Company assets and financial structure of assets
5.Company costs
6.Company revenues, company profit
7.Methods of financial analysis
8.Company life
9.The principles of company management – the meaning of management, basic managerial functions
10.The application of management principles in various areas of the company
Recommended or Required Reading
Required Reading:
BENCSIK, A. Knowledge management initiatives and strategies in small and medium enterprises. Hershey: IGI Global, 2017. ISBN 978-1-5225-1642-2.
ALHABEEB, M. J. Entrepreneurial finance: fundamentals of financial planning and management for small business. Hoboken: Wiley, 2015. ISBN 978-1-118-69151-9.

TAUŠL PROCHÁZKOVÁ, P. Úvod do podnikové ekonomiky. 3., upravené a rozšířené vydání. Plzeň: Západočeská univerzita v Plzni, 2017. ISBN 978-80-261-0733-0.
VODÁČEK, L a O. VODÁČKOVÁ. Moderní management v teorii a praxi. 3. rozš. vyd. Praha: Management Press, 2013. ISBN 978-80-7261-232-1.
SCHOLLEOVÁ, H. Ekonomické a finanční řízení pro neekonomy. 3., aktualizované vydání. Praha: Grada Publishing, 2017. ISBN 978-80-271-0413-0.
BAYE, M. R. aj. PRINCE. Managerial economics and business strategy. Ninth edition. New York: McGraw-Hill Education, 2017. ISBN 978-1-259-25138-2.
Recommended Reading:
BROOKS, R. Financial management: core concepts. Third edition. Boston: Pearson, 2016. ISBN 978-1-292-10142-2.
zákon č. 455/1991 Sb., Zákon o živnostenském podnikání
HEJDA, J. Nový zákon o obchodních společnostech a družstvech: zákon č. 90/2012 Sb., o obchodních společnostech a družstvech. Olomouc: ANAG, 2013. ISBN 978-80-7263-823-9.
studijní opora Manažerská ekonomika: https://www.fmmi.vsb.cz/cs/katedry-a-pracoviste/634/vyukove-opory-katedry/index.html


Planned learning activities and teaching methods
Lectures, Tutorials, Project work
Assesment methods and criteria
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
Credit and ExaminationCredit and Examination100 (100)51
        CreditCredit30 20
        ExaminationExamination70 31