Modern business economics
| Subject | Modern business economics |
| Semester | 5th semester (autumn) |
| Type | elective |
| ECTS | 6 ECTS |
| Study programme: | Ekonomija/ 1. bolonjska stopnja |
| Primary language: | Slovene |
The course is delivered in Slovenian and is an elective course in accordance with the officially approved curriculum of the undergraduate study programme in Business Studies. In the course, the student becomes acquainted with the fundamental terms and concepts of the economics of the enterprise, business analysis, indicators and the creditworthiness of the enterprise from both a theoretical and a practical standpoint.
Prerequisites
Students must understand the basic concepts of business economics, company operations and management as covered by secondary-school curricula. The course requires the use of basic mathematical techniques. Students must have a sufficient command of Slovenian to communicate with lecturers and fellow students, to follow the lectures and to understand the study materials provided during the course.
Content (Syllabus outline)
- The purpose of the course (the role of the enterprise in satisfying needs and its performance)
- The enterprise (the enterprise as an economic and social system; the emergence and development of enterprises with a review of the relevant phases of the social division of labour; the typology of enterprises by activity, ownership structure and size; the typology of links between enterprises)
- The environment of the enterprise and the mutual interaction between the enterprise and its environment (the business and non-business environment of the enterprise)
- Types and hierarchy of enterprise objectives (types of objectives, their dimensions and priorities)
- Location, the organisation of the enterprise, the types and characteristics of business functions and their reflection in costs
- Theoretical and practical understanding of business analysis and of enterprise creditworthiness
- Contemporary understanding of enterprise performance, risks and the key factors of enterprise performance
- Contemporary indicators and systems of indicators as a business tool and a basis for decision-making
To present to students the importance of the economic management of the enterprise; To present to students the indicators of the enterprise and their calculation; To familiarise students with the importance of analysing and managing the enterprise economically. To develop the ability to apply business analysis and enterprise creditworthiness assessment in practice.
Intended learning outcomes
Competences Understanding of contemporary needs and of the possibilities of meeting them through the enterprise, and of its role, objectives and operation Understanding of selected economic principles and concepts, of enterprise performance, of indicators and systems of indicators, and of business analysis Acquisition of knowledge as a suitable basis for preparing business decisions and for further deepening in other courses The ability to analyse and synthesise The ability to argue professionally and to make decisions Learning outcomes The knowledge acquired can be applied: in practice, in making complex business decisions; in further study of business analysis and business economics, including its most recent sub-disciplines and other related disciplines; in using analytical skills to draw valid conclusions.
Learning and teaching methods
Forms of work
- Frontal teaching
- Audiovisual presentations
- Discussion of case studies
- Group work
- explanation
- conversation/debate
- case study
- solving tasks
Assessment consists of three elements: 1) a seminar paper; 2) ongoing work; 3) an examination. To pass, at least 50% of all points must be obtained.
Readings- izbrana poglavja iz aktualnih učbenikov ter znanstveni in strokovni prispevki iz priznanih domačih in tujih revij ter zbornikov (bodo navedeni sproti)
- prosojnice s predavanj s povzetki temeljnih vsebin ter dodatna gradiva za vaje in diskusijo.
- Martin Ricketts (2008): The Economics of Modern Business Enterprise, Edward Elgers Publishing Limited, Cheltenham, UK;
- Werner Pepels (2003): ABWL: Eine praxisorientierte, Einfuehrung in die moderne Betriebswirtschaftslehre, 3dr Ed., Fortis, Koeln
- after lectures
- by arrangement
Lecturer:
Čepar, Žiga