Business Economics Course code: 180401 | 7 ECTS credits

Basic information

Level of Studies:

Year of Study: 1

Semester: 1

Requirements: None.

Goal: Acquiring basic knowledge from business economics, applicable in practice.

Outcome: Training students to successfully manage an enterprise based on positive law and macroeconomic legitimacy.

Contents of the course

Theoretical instruction:

The concept and importance of business economics. Basic Economic Principles;
The notion and important features of companies: economic organizations and market economy. Basic features of the company;
Inocasino and partner enterprise: characteristics;
Limited Partnership;
Joint stock company in the market economy system. The establishment process; control package of actions. Classification. Management of society;
Business Companies in the Economy of the Republic of Serbia: Procedure for the Establishment and Classification of Business Companies;
Entrepreneur. Dairy Company Limited Partnership;
Limited Liability Company Joint-stock company;
Company funds: Fixed assets;
Value of fixed assets. Fixed assets capacity. Depreciation of fixed assets. Current assets;
Sources of working capital. Circular movement of working assets. The volume of required working capital;
Costs - concept and classification: expenditures and costs. Cost distribution by location; division according to the change in production volume;
Business results of the company;
Physical scope of production. Total income. Profit;
Measurement of realized business results.

Practical instruction (Problem solving sessions/Lab work/Practical training):

The exercises are discussed on concrete examples from the practice on matter covered by the lecture program.

Textbooks and References

P. Staletić, Ekonomika biznisa,Visoka škola elektrotehnike i računarstva, Beograd, 2014.
Bojan Ilić, Vesna Milićević, Ekonomika poslovanja, FON, Beograd, 2008.

Number of active classes (weekly)

Lectures: 3

Practical classes: 2

Other types of classes: 0

Grading (maximum number of points: 100)

Pre-exam obligations

Points

activities during lectures

activities on practial excersises

seminary work

colloquium

Final exam