Předmět Corporate Economics (FP-PceC)

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Materiál	Typ	Datum	Počet stažení

Cíl

Objectives of the course: The aim of the course is to provide students with a comprehensive overview of the economic theory of the corporation. It deals with a range of topics, including production analysis, break - even analysis, accounting profit and economic profit, capital budgeting, managerial decision making, fund flow statement a budget and budgetary control. There is underlined the economic aspect of the issue and the focus on the terminology in the lectures.Learning outcomes:Knowledge: Further students will be able to gain company’s economy knowledge connected to each field of company’s activity.Skills: Students will be equipped with a set of concepts and analytical tools that will allow students to approach and analyse a wide variety of common corporate economic questions.Eligibility: Concerning the gained course knowledge and as part of the course evaluation, students should be able to apply it to concrete company’s activity, process or to try to solve the problem in specific field of the company’s activity.

Osnova

Annotation:• Definition and Meaning of Corporate Economics. Role and Responsibilities of Corporate Economics. • Production Analysis. Production Functions - Law of variable proportions - Producers equilibrium - economics of scale - Cost concepts - Cost & Output relationship - Cost Control & Cost Reduction. • Break - Even Analysis. Meaning, determination of Break - Even Point - Even Analysis. • Profit & Profit Management. Accounting profit and economic profit - Theories of Profit.• Capital Budgeting. Need for capital budgeting - forms of capital budgeting. Project profitability: Methods of Appraising Project Profitability.• Managerial Decision Making. Risk & Uncertainty - Elements of Decision Theory - Classification of Managerial Problems - Decision taking under certainty & uncertainty.• Ratio Analysis: Profitability Ratio - Turnover Ratio - Solvency Ratio. • Fund Flow Statement. Meaning – Uses of Fund Flow Statement – Schedule of Changes in Working Capital – Funds Flow Statement – Cash Flow Statement – Meaning – Uses – Difference between Fund Flow Statement and Cash Flow Statement. • Budget and Budgetary Control. Meaning of Budget and Budgetary Control. Advantages and Disadvantages – Sales Budget- Production Budget – Cash Budget – Flexible Budget.

Literatura

ALLEN, B.W., WEIGELT K., DOHERTY, N.A., MANSFIELD, E. Managerial Economics: Theory, Applications, and Cases. 7th Edition. W.W. Norton, New York, 2009, ISBN-10: 0393932249.DAVID E. Financial Analysis and Decision Making. 2003 McGraw-Hill. ISBN 0-07-141559-9.KOCMANOVÁ, A., LUŇÁČEK, J. Enterprise Economics. 1.a 2.díl. 1.vyd. Brno, 2007. SYNEK, M. Manažerská ekonomika. Praha: Grada, 2007. ISBN 978-80-247-1992-4

Požadavky

There is expectation to have general knowledge of economics

Garant

doc. Ing. Alena Kocmanová, Ph.D.

Vyučující

doc. Ing. Alena Kocmanová, Ph.D.