Course detail
Economics and Business Management
FSI-5EM Acad. year: 2019/2020 Winter semester
The subject covers the knowledge need in the mechanical production area. It provides the basic economic elements and helps to understand basic economic production relationships. The subject is focused on the fundamental information in the business economy area ( e.g. company profit, demand, costs, calculations, production capacity, budgeting basics etc ). It includes also network analysis principles, market power, multi-criteria decision making and strategic planning.
Language of instruction
Czech
Number of ECTS credits
3
Supervisor
Learning outcomes of the course unit
The students get theoretical knowledge in the production company economy and production management basics. Students should be able to prepare basic technical-economic calculations and apply the knowledge for production management processes.
Prerequisites
General mathematics knowledge at the level of FME courses. Basic knowledge of differential and integral calculus.
Planned learning activities and teaching methods
The course includes the lectures that cover basic principles and theory of the subject. Course also includes the exercises that are focused on practical use of the theory knowledge. Students prepare practical examples joined with actual business practice.
Assesment methods and criteria linked to learning outcomes
Conditions for obtaining credit:
100% attendance to practice
Exam:
Test includes 15 test questions (max. 15 points).
Calculation part includes 3 examples (max. 15 points).
Rating:
27 points or more – A;
:26-23 points – B;
22-19 points – C;
18-17 points – D;
16 points – E
Aims
The aim of the subject is to provide knowledge about the business functioning and production management from economic and managerial point of view.
Specification of controlled education, way of implementation and compensation for absences
Participation in the seminars is mandatory. In seminars activity and basic knowledge is evaluated.
The study programmes with the given course
Programme M2I-P: Mechanical Engineering, Master's
branch M-KSB: Quality, Reliability and Safety, compulsory
Programme M2I-P: Mechanical Engineering, Master's
branch M-VSR: Production Machines, Systems and Robots, elective (voluntary)
Type of course unit