Enterprise Economics
Instructor: Здравко Тодоровић, PhD, Full Professor
The subject enables students to understand the meaning and significance of the enterprise as the basic institution of a market economy, to learn the basic principles of business activities of the enterprises; to learn ways of achieving optimal value of production with the use of scarce resources; to learn the methods of maximizing the enterprise profits; to learn how to present business functions in the enterprise by algebra, graphics and tables and to know how to analyze the behavior of enterprises in the market; to learn the basic principles of doing business, such as productivity, efficiency and profitability and to learn to calculate the cost price of products by using different methods.
| Code : | О14ЕПР |
|---|---|
| Status: | C |
| Semestar: | 1st |
| Number of classes per week: | 4+2 |
| ЕECTS: | 8 |
| Teachers: |
Здравко Тодоровић,
PhD Full Professor Матеа Златковић Радаковић, PhD Assistant Professor Никола Видовић, Assistant |
| Prerequisites: | |
| Learning Outcomes (gained knowledge): | Upon completion of this course students will gain basic knowledge of the facts, principles, processes and general concepts in the enterprise economics. The students will be able to find the optimal solution in the management of enterprises applying the basic knowledge of economic theory and science in decision-making and will have a basic knowledge for further study of the theory of economics and business management. |
| Subject Contents: | The term 'Enterprise'. Differentiation of enterprises. Enterprise economics. The theory of enterprise. The process of reproduction. Production and production functions. Productivity. Consumptions. Costs and cost functions. Cost price calculation. Models of cost management. Price and pricing. Revenues and revenue functions. Cost-effectiveness and analysis of breakeven point. Profit and profit maximization. Distribution of the business operations results of. Profitability. |
| Teaching Methods and Learning Activities: | Lectures i.e. systematic transfer of knowledge from the literature. During lectures, some of the topics will be discussed or illustrated with different simulations and programs for graphic solution and analysis of a problem with an active participation of the students. Illustrations and practice. Besides examples which will be discussed, other examples (problem-solving tasks) which illustrate and practice certain topics will also be discussed (in a group and individually). Illustration and practice imply two-way communication, and students are invited to express their opinions freely about the case for illustration and practice. Discussion of cases from practice. The main form of work will be discussion of cases from practice, which enables students to learn how to use acquired knowledge for practical purpose. Preparation and presentation of a seminar paper with the obligatory application of methodology for preparation of a professional papers. |
| Literature: | Todorović, Z. (2012). Enterprise Economics. Banja Luka: Faculty of Economics; Berberović, Š.; Todorović, Z. (2009). Enterprise Economics. Banja Luka: Faculty of Economics; Salvatore, D. (1989). Managerial Economics. Zagreb: Mate d.o.o. |
| Types of Assessment for the subject: | Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points) |
| Special Remarks for the subject: |