NA_MEc_A Managerial Economics A

University of Finance and Administration
Summer 2021
Extent and Intensity
2/2/0. 7 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Eva Kostikov, Ph.D. (seminar tutor)
Guaranteed by
Ing. Eva Kostikov, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Lenka Pokorná
Timetable of Seminar Groups
NA_MEc_A/cECPH: Tue 12:15–12:59 S34, Tue 13:00–13:45 S34, except Tue 2. 3. ; and Thu 11. 3. 12:15–13:45 S11, E. Kostikov
NA_MEc_A/pECPH: Tue 10:30–11:14 S34, Tue 11:15–12:00 S34, except Tue 2. 3. ; and Thu 11. 3. 10:30–12:00 S11, E. Kostikov
Prerequisites
There are no prerequisites for this course.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
After completing the course the student will acquire basic knowledge and skills in management practices, which are a prerequisite for the performance of senior management and economic functions. Scope of Managerial Economics is based on the basic application of managerial economics in business, management and decision-making processes. Students will revise and linking knowledge of business economics, accounting, macro-and microeconomics. Students acquire basic knowledge about the categories of managerial economics, functions and coherence of activities within the enterprise architecture.
Learning outcomes
The students will be able to make decisions about businness projects, assets and capital structure, cost classification, market, financing. working capital, risks, controlling, business value and foreign currency transaction.
Syllabus
  • 1. Marketing starting a business project.
  • 2. Assets and capital structure of the company, balance sheet leverage.
  • 3. Costs and revenues, cost classification, management concepts of cost, variable and fixed costs, costing, budgeting and planning.
  • 4. The role of profit in business, relationships between profit, production volume, price and cost analysis of a tipping point, a threshold variable and fixed costs and price limits, operating leverage.
  • 5. Business Financing - classic financial analysis, pyramidal decomposition of indicators and aggregates.
  • 6. Working capital management, cash flow management.
  • 7. Value Based Management, optimizing the capital structure of the company.
  • 8. Methods for assessing the effectiveness of investments, investment planning, sources of financing.
  • 9. Managing risk when making investment decisions, the investment portfolio.
  • 10. Controlling and internal audit, strategic scenarios, creation of financial reserves.
  • 11. Valuation and management of business value.
  • 12. Foreign currency transactions (financial derivatives - forwards, futures, options).
Literature
    required literature
  • THOMAS, Christopher and MAURICE, Charles, S. Managerial economics. 13th ed. McGraw-Hill Education. 2019. e-book. ISBN 978-1260565546.
  • BRIGHAM, Eugene F. and Michael C. EHRHARDT. Financial Management: Theory & Practice. 16 edition. Cengage Learning Pub. 2019. 1216 p. ISBN 978-1337902601.
  • JIAMBALVO, James. Managerial Accounting. 7th edition. Hoboken, New Jersey: Wiley. 2019. 496 p. ISBN 978- 1119577720.
    recommended literature
  • DESS, Gregory, McNAMARA, Gerry, EISNER, Alan and Seung-Hyun Lee. Strategic management: creating competitive advantages. 10th ed. New York: McGraw-Hill Education, 2020. 512 p. ISBN 978-1260706628.
  • CASCARINO, Richard, E. Data Analytics for Internal Auditors. Auerbach Publications. 2020. 440 p. ISBN 978-0367658106.
  • FRAIT, Jan. Systemic risk in post-crisis financial markets. Praha: Vysoká škola finanční a správní, a. s., 2019. 154 p. SCIENCEpress. ISBN 978-80-7408-200-9.
  • CHARLES W.L. HILL, Charles W.L.Gareth R. Strategic management theory: an integrated approach. 12th ed. Boston, Mass: Houghton Mifflin, 2016. ISBN 978-1305502277
Teaching methods
PS: (full time students) 2 hours per week of lectures and 2 hours per week of seminars (2/2)
KS: (part time students) 5 seminars (90 min each).
Lectures for present studies will be split into theoretical as well as practical part. Theoretical parts will be always explained on practical examples. Even more interactive form of study is applied in KS (part time study).
Students in full time study program should attend 75% of seminars as a minimum.
Students in part time study program should attend 50% of seminars as a minimum.
Assessment methods
The course will be assessed in two parts:

Part I (Four Tutorial Sessions on Feb. 11, Feb. 25, Mar. 11 and Mar. 25):
Students will receive credit for their participation in tutorial discussions, their ability to present (themselves, an idea and if possible a business plan). They are expected to be diligent in their studies at home and in the class and to attend class regularly (75% in full time studies and 50% in part time studies as a minimum). The presence stands for 25%, home work for 25% and overall activity during the classes for remaining 50%.

Part II (Five Lecture/Discussion/Interactive Subject Sessions on Feb. 4, Feb. 18, Mar. 4, Mar. 18 and Apr. 15):
The subject is completed by exam. Grading will be based on written examination.
Language of instruction
English
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Information on the extent and intensity of the course: 12 hodin KS/semestr.
The course is also listed under the following terms Summer 2015, Summer 2016, Summer 2017, Summer 2018, Summer 2019, Summer 2020, Summer 2022, Summer 2023, Summer 2024, Summer 2025.
  • Enrolment Statistics (Summer 2021, recent)
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