OPF:PEMNAMAE Managerial Economics - Course Information

PEMNAMAE Managerial Economics

Extent and Intensity

2/2/0. 6 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. RNDr. Ing. Roman Šperka, Ph.D. (lecturer)

Guaranteed by

doc. RNDr. Ing. Roman Šperka, Ph.D.
Department of Business Economics and Management – School of Business Administration in Karvina
Contact Person: Ing. Žaneta Rylková, Ph.D.

Course Enrolment Limitations

The course is only offered to the students of the study fields the course is directly associated with.

Syllabus

• 1. Basic concepts of business economics
  Importance and consequence of the study of business and managerial economics, basic concepts and subject matters of business economics and the basic problems of business economics are examined in order to properly understand the business activities.
  2. Cost volume and profit analysis
  Understanding the product cost structure is critical to comprehending the process of estimating. Selling costs are costs directly related to selling products. Costs are categorized according to their behavior in relation to product quantity. Cost volume profit analysis is based on relationship between quantity and sales revenues.
  3. Profit and cash-flow differences
  Several important profit measures, economic profit, Economic Value Added are examined. Cash flow statement is explained through three segments, namely: cash flow - operating activities, cash flow - investment activities and cash flow - financing activities.
  4. Non-linear revenues in economics and in break-even point graph
  Break-even analysis provides businesses a wide variety of information that can be used in decision-making processes, in business and managerial economics. Mentioned are conditions for comprehensive utilization of the break-even point based on incorporation of demand function in the current broadcasts in the break-even point graph construction.
  5. Production planning
  Production planning is used in companies in several different industries. Different types of production methods, such as single item manufacturing, batch production, mass production, continuous production, are explained with accent put on differences.
  6. Economies of scale
  Economies of scale apply to a variety of organizational and business situations. Economies of scale are explained at various levels, such as business or manufacturing unit, plant or an entire enterprise. Economies of scale is classified to two main types – internal and external.
  7. Capital and factors of production
  Factors of production are classified in four groups (land, labor, capital, entrepreneur). Capital is the produced means of production. Examples of capital and an increase in the capital are explained. Capital goods, fixed capital, working capital and capital used to boost the productivity of labor are characterized.
  

Language of instruction

English

• Enrolment Statistics (Winter 2022, recent)
  
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