SubjectsSubjects(version: 882)
Course, academic year 2020/2021
Business Economics - AB501002
Title: Business Economics
Guaranteed by: Department of Economics and Management (837)
Actual: from 2020
Semester: winter
Points: winter s.:6
E-Credits: winter s.:6
Examination process: winter s.:
Hours per week, examination: winter s.:2/2 C+Ex [hours/week]
Capacity: unlimited / unlimited (unknown)
Min. number of students: unlimited
Language: English
Teaching methods: full-time
For type: Bachelor's
Note: course can be enrolled in outside the study plan
enabled for web enrollment
Guarantor: Čámská Dagmar Ing. Ph.D.
Is interchangeable with: B501002
This subject contains the following additional online materials
Literature -
Last update: Botek Marek Mgr. Ing. Ph.D. (17.01.2020)

R: GARRISON, R., NOREEN, E., BREWER, P. 2017. Managerial Accounting. 16th Edition. McGraw-Hill Education. ISBN 978-1259307416.

R: SAMUELSON, W. F., MARKS, S. G. 2014. Managerial Economics, 8th Edition. Wiley. ISBN 978-1119025900.

A: DRANSFIELD, R. Business Economics. 1st Edition. Routledge. ISBN 978-1444170450.

A: BREALEY, R. A., MYERS, S. C., ALLEN, F. Principles of Corporate Finance. 13th ed. New York: McGraw-Hill, 2019. ISBN: 978-1260565553.

Requirements to the exam - Czech
Last update: Čámská Dagmar Ing. Ph.D. (16.09.2020)

Zápočet: je udělen po zisku 60 bodů ze 100 (10 bodů získatelných aktivitou na seminářích, 20 bodů průběžný test a 70 bodů závěrečný test), v případě neúspěchu je možno psát souhrnný test za 100 bodů, ze kterého je třeba získat alespoň 60 bodů

Zkouška: ústní, termíny ve zkouškovém období, účast na zkoušce je možná pouze po úspěšném zisku zápočtu

Syllabus -
Last update: Čámská Dagmar Ing. Ph.D. (09.02.2021)

1. Enterprise, definition, enterprise in the context of the business environment.

2. Business activities, business typology.

3. Values reported by financial statements – revenues, costs and expenses, monetary inflows and outflows, assets, capital, profit, cash flow.

4. Business life cycle and related issues.

5. Set up a business – budget and financial plan.

6. Costs – managerial concept, fixed costs, variable costs, cost models.

7. Revenue function, linear modelling of costs and revenues, break-even point, profit, and related analyses.

8. Operational risk – operating leverage, level of operational leverage, safety coefficient, choice of technology – optimization according to effect and risk.

9. Determination of production capacities, performance, time and their utilization, labour norms.

10. Production and market – pricing, setting a minimal price depending on the time horizon.

11. Deviations and its effects on the total value. Methods of deviations analysis for additive and multiplicative decomposition of top indicator.

12. Costing – variable, absorption – costing formulas. Single costing, costing based on ratios, allocation base approach, subtraction, target costing, ABC. Use of variable costing – product portfolio analysis.

13. Process cost management.

14. Creation of enterprise budgets.

Course completion requirements -
Last update: Scholleová Hana doc. RNDr. Ing. Ph.D. (14.02.2021)

Assessment requirements: min 60 points out of 100 (this includes 10 activity points for work in seminars, 20 points for the midterm test, and 70 points for the final test)

Students who fail to score at least 60 points can write a summarized test with the passing score of 60%.

Exam: oral

The exam dates are offered throughout the examination period. Only students who obtained assessment (“zápočet”) can take the exam.