Course detail

Economics and Management

FSI-LEM Acad. year: 2022/2023 Winter semester

The course focuses on non-technical areas that graduates, not only in the energy field, will encounter during their internships. In the course, they will be introduced to the organisation of companies and enterprises, the systems and laws of organisation and, last but not least, they will receive the basic education to cope with teamwork and management positions in which they will quite often find themselves. The second part of the course is a basic insight into economics, which will very briefly highlight the areas that are essential for companies to stay in business. These are mainly in the areas of corporate finance, financial instruments and accounting. The course does not aim to provide a complete training in management and economics (often entire study programmes are not sufficient for this), but rather to be an introduction and signpost for future training.

Language of instruction

Czech

Number of ECTS credits

1

Department

Learning outcomes of the course unit

Students can apply the acquired competences in solving operational issues of the company, managing projects and work teams.

Prerequisites

none

Planned learning activities and teaching methods

The course is taught in the form of seminars, where not only the basic principles of the field will be explained, but also students will be involved, who will solve model situations and contribute to the knowledge with their reports.

Assesment methods and criteria linked to learning outcomes

The evaluation of the course is based on the active participation of students in the class and the preparation and presentation of a paper on a selected topic.

Aims

The aim of the course is to prepare students for practice, where, in addition to technical problems, they will also deal with the economic side of running a company and projects. Another goal is to prepare students for leadership and management roles and positions in their future profession. 

Specification of controlled education, way of implementation and compensation for absences

none

The study programmes with the given course

Programme N-ETI-P: Power and Thermo-fluid Engineering, Master's
specialization ENI: Power Engineering, elective

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Syllabus

1. Socially responsible business, Forms of enterprises, Self-employed,
2. Company organization, management structures,
3. Managerial functions and planning, Strategic management
4. Human resource management, staffing, payroll and remuneration, communication and working with people
5. Project management – planning, organizing, managing, controlling
6. Presentation skills (PPT, poster, rhetoric)
7. Balance sheet system of corporate finance, Budget, Cashflow, Financial analysis tools, Sources of finance, Costs and revenues
8. Business, Business Plan – Investment Decision Tools, Supply and Demand, Price Calculation, Risk Analysis, Sensitivity Analysis
9. Influence of the state on business, Tax system of the Czech Republic
10. Accounting – Types of accounting, Balance sheet, assets, liabilities, Financial statements and closing
11. Basics of marketing, Production organization, production planning
12. Specifics of the energy industry
13. Crediting