Modern business economics

SubjectModern business economics
Semester5th semester (autumn)
TypeElective (twin)
ECTS6 ECTS
Study programme:Business studies (undergraduate)
Primary language:Slovene
Introduction
The course will be conducted in the Slovene language and is an optional course in accordance with an officially approved curriculum in the undergraduate study program Business Studies. During the course, the student learns the basic concepts of company management, business analysis, indicators and company credit ratings from a theoretical and practical point of view.

Prerequisites for inclusion in the course work
Students need to understand the basic concepts of economics of a company, business operation and management as evidenced by secondary curricula. The subject requires the use of basic mathematical techniques. Students must have sufficient knowledge of the Slovene language so that they can communicate with lecturers and students, follow the lecture and understand the study materials that will be provided during the course.

Goals
1. Present students the importance of managing in a company;
2. Present students the indicators of the company and their calculations;
3. To learn about the importance of analyzing and managing the company;
4. Develop the ability to use the analysis of business and company's solvency in practice.

Competencies
1. Understanding modern needs and possibilities of their coverage through the mediation of the company, its roles, goals and operations
2. Understanding selected economic principles and concepts, company performance, indicators and indicators systems and business analysis
3. Acquiring knowledge as an appropriate basis for preparing business decisions and for further deepening in other subjects
4. Ability to analyze and synthesize
5. Ability to expert argumentation and decision-making

Learning outcomes
The acquired knowledge can be used:
• in practice in making complex business decisions;
• further study in the analysis of business operations and the company's economy, including its latest sub-disciplines and other related disciplines;
• Use analytical skills to make valid conclusions.

Syllabus
1. Purpose of the course (role of the company in meeting the needs and its performance)
2. Company (company as an economic and social system, creation and development of companies with an overview of relevant stages of social division of labor, typology of enterprises by activity, ownership structure and size, typology of company links)
3. The environment of the company, the interaction of the company and the environment (business and non-business environment of the company)
4. Types and hierarchy of company objectives (types of objectives, their dimension and priorities)
5. Location, organization of the company, types and characteristics of business functions and their cost reflection
6. Theoretical and practical understanding of the company's business analysis and credit rating
7. A modern understanding of the company's performance, risks and key factors of the company's performance
8. Contemporary indicators and indicators systems as a business tool and decision base

Forms of work
• Teacher explanations
• AV presentations
• Studying case studies
• Working in groups

Methods (modes) of work
• explanation
• conversation / debate
• case study
• Resolving tasks
 
Evaluation system and criteria
Knowledge testing consists of three elements: 1) Seminar work; 2) On-course work; 3) Exam. For a positive assessment, at least 50% of all points must be collected.
 
Learning and study material
  • D. Pučko: Analiza poslovanja podjetja, Ekonomska fakulteta Ljubljana
  • Selected chapters from current textbooks, scientific and professional contributions from renowned domestic and foreign journals and collections (will be listed promptly)
  • Material from lectures with basic content summaries and additional materials for exercises and discussion.
 Recommended additional literature
  • 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
Office hours:
  • After courses
  • By agreement

Lecturer:

Horvat, Tatjana