Faculty of Mining and Geology

Economics and Management

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

Name of Lecturer(s)	Personal ID	Name
Course Unit Code	545-0351/11
Number of ECTS Credits Allocated	5 ECTS credits
Type of Course Unit *	Compulsory
Level of Course Unit *	Second Cycle
Year of Study *	Second Year
Semester when the Course Unit is delivered	Winter Semester
Mode of Delivery	Face-to-face
Language of Instruction	Czech
Prerequisites and Co-Requisites	Course succeeds to compulsory courses of previous semester
	KOZ99	doc. Ing. Roman Kozel, Ph.D.
	ROL74	Ing. Markéta Laštůvková, Ph.D.
Summary
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.
Learning Outcomes of the Course Unit
To gain theoretical knowledge of economics and management, to be acquainted with problems of management functions and subsequent application in management-economic solutions.
Course Contents
1st Essential concepts of object and background. 2nd Definitions enterprise and business. 3rd Asset and capital structure of the company. 4th Tangible assets. 5th Current assets. 6th Workforce and human resources. 7th The capital structure of the company. 8th The cost to the enterprise. 9th Revenues enterprise, profit, CF. 10th Management, Managerial functions. 11th Manager, Ethics and corporate culture 12th Project Management 13th Communication Skills
Recommended or Required Reading
Required Reading:
RUNGE, I.C. Mining Economics and Strategy. Englewood: Society for Mining, Metallurgy, and Exploration, 2003. ISBN 978-0873351652. SALVATORE, D. Managerial economics: principles and worldwide applications. New York: Oxford University Press, 2015. ISBN 978-0-19-939715-0.
SIVEK, M. Ekonomika nerostných surovin. Ostrava: VŠB - Technická univerzita Ostrava, 2007. ISBN 978-80-248-1467-4. SYNEK, et al. Manažerská ekonomika. Praha: Grada, 2011. ISBN 978-80-247-3494-1. RUNGE, I.C. Mining Economics and Strategy. Englewood: Society for Mining, Metallurgy, and Exploration, 2003. ISBN 978-0873351652. SALVATORE, D. Managerial economics: principles and worldwide applications. New York: Oxford University Press, 2015. ISBN 978-0-19-939715-0.
Recommended Reading:
BAYE, M.R.; PRINCE, J. Managerial economics and business strategy. New York: McGraw-Hill Education, 2017. ISBN 978-1-259-25138-2. McGUIGAN, J.R.; MOYER, R.C.; HARRIS, F.H. deB. Managerial economics: applications, strategies, and tactic. Boston: Cengage Learning, 2017. ISBN 978-1-305-50638-1.
DVOŘÁČEK, J. Business economics. Ostrava: VŠB - Technická univerzita Ostrava, 2014. ISBN 978-80-248-3459-7. SYNEK, M. et al. Podniková ekonomika. Praha: C.H. Beck, 2015. ISBN 978-80-7400-274-8. BAYE, M.R.; PRINCE, J. Managerial economics and business strategy. New York: McGraw-Hill Education, 2017. ISBN 978-1-259-25138-2. McGUIGAN, J.R.; MOYER, R.C.; HARRIS, F.H. deB. Managerial economics: applications, strategies, and tactic. Boston: Cengage Learning, 2017. ISBN 978-1-305-50638-1.
Planned learning activities and teaching methods
Lectures, Tutorials, Project work
Assesment methods and criteria
Task Title	Task Type		Maximum Number of Points (Act. for Subtasks)	Minimum Number of Points for Task Passing
Credit and Examination	Credit and Examination		100 (100)	51
Credit	Credit		45 (45)	25
Semestrální projekt	Semestral project		45	25
Examination	Examination		55 (55)	26
Písemná zkouška	Written examination		30	14
Ústní zkouška	Oral examination		25	12