NA_MEc_B Managerial Economics B

University of Finance and Administration
Summer 2023
Extent and Intensity
2/1/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Mgr. Ing. Teymur Akhundov (seminar tutor)
Ing. Kateřina Kalinová (seminar tutor)
Guaranteed by
Ing. Kateřina Kalinová
Department of Finance – Departments – University of Finance and Administration
Contact Person: Bc. Kamila Procházková
Timetable of Seminar Groups
NA_MEc_B/cMCPH: each even Wednesday 17:30–18:14 S22, each even Wednesday 18:15–19:00 S22, K. Kalinová
NA_MEc_B/pMCPH: Wed 14:00–14:44 S11, Wed 14:45–15:30 S11, K. Kalinová
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
After completing the course the student will be able to
understand basic accounting terms including financial statements
evaluate performace of the company based on the widely used financial analysis methods
distiguish among different types of financing - stocks, bonds, loans, leases
propose optimal capital structure of the company
understand the basic working capital management techniques
understand time value of money concept
evaluate investment project based on capital budgeting methods
propose appropriate hedging techniques using different types of derivates
value the corporation
Syllabus
  • 1. Introduction to financial management, financial statements and their role in decision making process.
  • 2. Balance sheet, income statement, cash flow statement. Concept and basic terms for financial statement users.
  • 3. Financial statement analysis - its role in decision making process, users, basic concept.
  • 4. Financial statement analysis - methods and their usage in daily management life.
  • 5. Time value of money.
  • 6. External funds - loans and bonds.
  • 7. Internal funds - stocks, optimizing the capital structure of the company.
  • 8. Derivates, financial markets.
  • 9. Capital budgeting methods, cost of capital.
  • 10.Corporate valuation and management of business value.
  • 11.Foreign currency transactions.
  • 12. Summary of financial management.
Literature
    required literature
  • BRIGHAM, Eugene F. and Michael C. EHRHARDT. Financial Management: Theory & Practice. 14 edition. Australia: South-Western College Pub., 2013. ISBN 978-1-111-97220-2.
  • BERK, Jonathan B. a Peter M. DEMARZO. Corporate finance: the core. Fourth edition. Harlow, UK : Pearson Education Limited, 2017 . ISBN 978-1-292-15833-4.
  • BLOCK, B. Stanley, Geoffrey A.HIRT. Foundations of Financial Management. 13th ed. New York, NY: McGraw-Hill, 2011. ISBN 978-0077265663
  • WATSON, Denzil a Anthony HEAD. Corporate finance: principles and practice. Seventh edition
  • ŽÁROVÁ, Marcela, Mariana PEPRNÍČKOVÁ, Libor VAŠEK a Petr VÁCHA. Essentials of financial accounting for non-specialists: (working study material for students). Praha: Oeconomica, nakladatelství VŠE, 2017. ISBN 978-80-245-2187-9.
    recommended literature
  • ROBINSON, Thomas R. International financial statement analysis. 2nd ed. Hoboken, N.J.: John Wiley, c2012, xxvii, 1009 p. ISBN 04-709-1663-X.
  • KEAT, Paul G., Philip K. Y. YOUNG a Stephen E. ERFLE. Managerial economics: economic tools for today's decision makers. Seventh edition. Harlow, UK : Pearson Education Limited, 2014. ISBN 978-0-273-79193-5.
Teaching methods
PS: (full time students) 2 hours per week of lectures and 1 hour per week of seminars (2/1) 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
Assignment- individual or group project and presentation (can be online - will be specified) - topic will be specified in the teaching materials (20 points assignment, 10 points presentation), in class activity (different activities during semester, will be specified by instructor, 20 points), to obtain credit at least 70% must be reached i.e. 35 points Exam: Written open book test consisting of multiple choice questions, short essays and calculations (50 points) can be online, form will be specified. To pass at least 60% of total is required.
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 2021, Summer 2022, Summer 2024, Summer 2025.
  • Enrolment Statistics (Summer 2023, recent)
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