PRINCIPLES OF ECONOMICS, FINANCE AND BUSINESS ECONOMICS

The course discusses and analyzes selected and specialized topics from the fields of Economics, Finance and Business Economics and deepens the knowledge acquired by students regarding these topics. The aim of the course is to highlight, analyze and convey to students scientific concepts and targeted knowledge from the aforementioned fields, which are absolutely necessary for understanding the complexity of the economic environment and thus contribute to their scientific and professional careers.

• The Operation of Businesses in Various Market Forms

• Demand Elasticity and Tax Burden on Businesses and
Consumers

• Multinational Enterprises and Foreign Direct Investment

• Time Value of Money

• Capital investment budgeting and evaluation applications
of investment

• Foreign Exchange Market, International Finance

• International Financial System

• Internationalization of business activities

• Business Competitive Strategies

• Cost of capital

• Investment evaluation models

• Analysis of working capital management, applications – examples of application.

• Sources of business financing

• Short-term and long-term business financing

Some parts will involve the development of questions or case studies. Reference will also be made to contemporary scientific research articles and scholarly writings.

• Description of the Level of Learning Outcomes for each cycle of studies according to the Qualifications Framework of the European Higher Education Area
• Descriptive Indicators for Levels 6, 7 & 8 of the European Qualifications Framework for Lifelong Learning and Annex B
• Summary Guide to Writing Learning Outcomes
• To understand selected economic concepts such as elasticity of demand and supply, consumer and producer surplus and to determine their usefulness in practice.
• To distinguish the characteristics of various market forms and to evaluate the operation and competition of businesses within them.
• To analyze and consolidate the distinctive elements of Foreign Direct Investment by Multinational Enterprises and their usefulness in a country's economy.
• To analyze cash flows (concept of cash flows of an investment, calculation of the initial cost of an investment, calculation of additional cash flows of an investment, calculation of final cash flow) and to identify the practical applications of calculating cash flows
• Understand the elements that make up a capital investment budget as well as investment evaluation applications (payback period, NPV, IRR).
• To gain an in-depth understanding of the functioning of the Foreign Exchange Market, international financing and the International Financial System.
• To understand and evaluate the ways of internationalizing business activities

• Promoting scientific, creative and inductive thinking
• Planning and carrying out scientific research activities
• Teamwork and creative synthesis of knowledge
• Search, analyze and evaluate data and information, using appropriate methods and technologies