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Economic and Basics of Business
Study Course Description
Course Description Statuss:Approved
Course Description Version:4.00
Study Course Accepted:03.10.2022 09:37:55
| Study Course Information | |||||||||
| Course Code: | SVUEK_046 | LQF level: | Level 6 | ||||||
| Credit Points: | 2.00 | ECTS: | 3.00 | ||||||
| Branch of Science: | Economics; Other economic and management sub-sectors | Target Audience: | Rehabilitation; Medical Services | ||||||
| Study Course Supervisor | |||||||||
| Course Supervisor: | Anita Kokarēviča | ||||||||
| Study Course Implementer | |||||||||
| Structural Unit: | Department of Public Health and Epidemiology | ||||||||
| The Head of Structural Unit: | |||||||||
| Contacts: | Riga, Kronvalda bulvāris 9, svek rsu[pnkts]lv, +371 67338307 | ||||||||
| Study Course Planning | |||||||||
| Full-Time - Semester No.1 | |||||||||
| Lectures (count) | 5 | Lecture Length (academic hours) | 2 | Total Contact Hours of Lectures | 10 | ||||
| Classes (count) | 11 | Class Length (academic hours) | 2 | Total Contact Hours of Classes | 22 | ||||
| Total Contact Hours | 32 | ||||||||
| Part-Time - Semester No.1 | |||||||||
| Lectures (count) | 5 | Lecture Length (academic hours) | 2 | Total Contact Hours of Lectures | 10 | ||||
| Classes (count) | 7 | Class Length (academic hours) | 2 | Total Contact Hours of Classes | 14 | ||||
| Total Contact Hours | 24 | ||||||||
| Study course description | |||||||||
| Preliminary Knowledge: | Secondary school level knowledge in economics, basic grounding in mathematics and statistics. | ||||||||
| Objective: | To develop an understanding about the main areas, which are within the scope of economics at micro and macro levels as well as to promote the knowledge about the role of entrepreneurship in economics, forms of entrepreneurship, legal aspects, work organization and financial planning. | ||||||||
| Topic Layout (Full-Time) | |||||||||
| No. | Topic | Type of Implementation | Number | Venue | |||||
| 1 | Introduction to Economics. The main goals, problems. Manufacturing resources. The common and the different in microeconomics and macroeconomics. | Lectures | 1.00 | auditorium | |||||
| 2 | Introduction to Economics. The main goals, problems. Manufacturing resources. The common and the different in microeconomics and macroeconomics. | Classes | 1.00 | auditorium | |||||
| 3 | The caracteristics of economic systems. The economic policy. The economic system of Latvia. | Lectures | 1.00 | auditorium | |||||
| 4 | The mechanism of market. Supply and demand. Flexibility. | Classes | 1.00 | auditorium | |||||
| 5 | Economic policy of the state, instruments of its realization. Fiscal and monetary policy. | Lectures | 1.00 | auditorium | |||||
| 6 | Economic policy of the state, instruments of its realization. Fiscal and monetary policy. | Classes | 2.00 | auditorium | |||||
| 7 | Inflation. Unemployment. | Classes | 2.00 | auditorium | |||||
| 8 | The influence of globalization on national economies of countries. International relations. | Lectures | 1.00 | auditorium | |||||
| 9 | The influence of globalization on national economies of countries. International relations. | Classes | 1.00 | auditorium | |||||
| 10 | The content of entrepreneurship, its functions. The factors that are influencing types of business. Legislation. | Lectures | 1.00 | auditorium | |||||
| 11 | Comparison of types of business. Developmental stages of a business. Business planning advantages. Contents of a business plan (goals, objectives, leadership, the necessary resources, product or service description, market and competitor analysis, summary), the amount, presentation. | Classes | 2.00 | auditorium | |||||
| 12 | The influence of inner and outer environment on business. Operating records of a business. Management of risks. | Classes | 1.00 | auditorium | |||||
| 13 | Introduction to Accounting. Financial accounting, management accounting. Annual Report of the Company, its components (balance sheet, profit and loss statement, cash flow statement, management report). The anexes, explanations of balance sheet items. | Classes | 1.00 | auditorium | |||||
| Topic Layout (Part-Time) | |||||||||
| No. | Topic | Type of Implementation | Number | Venue | |||||
| 1 | Introduction to Economics. The main goals, problems. Manufacturing resources. The common and the different in microeconomics and macroeconomics. | Lectures | 1.00 | auditorium | |||||
| 2 | Introduction to Economics. The main goals, problems. Manufacturing resources. The common and the different in microeconomics and macroeconomics. | Classes | 0.50 | auditorium | |||||
| 3 | The caracteristics of economic systems. The economic policy. The economic system of Latvia. | Lectures | 1.00 | auditorium | |||||
| 4 | The mechanism of market. Supply and demand. Flexibility. | Classes | 1.00 | auditorium | |||||
| 5 | Economic policy of the state, instruments of its realization. Fiscal and monetary policy. | Lectures | 1.00 | auditorium | |||||
| 6 | Economic policy of the state, instruments of its realization. Fiscal and monetary policy. | Classes | 0.50 | auditorium | |||||
| 7 | Inflation. Unemployment. | Classes | 1.00 | auditorium | |||||
| 8 | The influence of globalization on national economies of countries. International relations. | Lectures | 1.00 | auditorium | |||||
| 9 | The influence of globalization on national economies of countries. International relations. | Classes | 1.00 | auditorium | |||||
| 10 | The content of entrepreneurship, its functions. The factors that are influencing types of business. Legislation. | Lectures | 1.00 | auditorium | |||||
| 11 | Comparison of types of business. Developmental stages of a business. Business planning advantages. Contents of a business plan (goals, objectives, leadership, the necessary resources, product or service description, market and competitor analysis, summary), the amount, presentation. | Classes | 1.00 | auditorium | |||||
| 12 | The influence of inner and outer environment on business. Operating records of a business. Management of risks. | Classes | 1.00 | auditorium | |||||
| 13 | Introduction to Accounting. Financial accounting, management accounting. Annual Report of the Company, its components (balance sheet, profit and loss statement, cash flow statement, management report). The anexes, explanations of balance sheet items. | Classes | 1.00 | auditorium | |||||
| Assessment | |||||||||
| Unaided Work: | - The students independently study handout materials, during classes they participate in the discussions about the content; - they do practical exercises; - at the seminars they participate in the discussions about the current socio-economic processes in the country; - students prepare and present independent work, - they do practical tests and examinations about the topics of the course. | ||||||||
| Assessment Criteria: | Cumulative assessment that consists of assessment of the independent work completed during the course – 50% and exam grade – 50%. To be able to take the exam, student has to have a positive assessment in all the independent work completed during the study course. To receive a final grade, examination is mandatory. The assessment of independent work in case of an unsuccessfully passed exam does not increase the final assessment grade. | ||||||||
| Final Examination (Full-Time): | Exam (Written) | ||||||||
| Final Examination (Part-Time): | Exam (Written) | ||||||||
| Learning Outcomes | |||||||||
| Knowledge: | The students will be able to: - elucidate the basic problem of economics and entrepreneurship, estimate the role of state in economics; - define the main economic goals and problems; - name the main legislation governing business and employment relationships; - name and elucidate the main functions of management; - describe leadership styles. - name the factors of inner and outer environment. | ||||||||
| Skills: | The students will be able to: - distinguish the common and distinctive features of micro and macro economics; - evaluate the strengths and weaknesses of various economic systems; - compare the economic indicators of Latvia and other countries; - estimate the role of state in economics; - discuss the influence of globalization on the national economies; - to analyse the business environment; - establish an organizational structure according to the type of business; - to estimate the efficiency of a leadership style. | ||||||||
| Competencies: | The students will be able to: - analyze the economic situation in Latvia; - carry out SWOT and PEST analysis; - to develop a business plan; - analyze the financial indicators of a business; - evaluate the risks in business and make appropriate decissions. | ||||||||
| Bibliography | |||||||||
| No. | Reference | ||||||||
| Required Reading | |||||||||
| 1 | LR Komerclikums | ||||||||
| 2 | Nešpors, V. 2015. Mikroekonomikas teorijas pamati. Rīga: RTU. | ||||||||
| 3 | Bikse, V. 2015. Makroekonomika. Liepāja: LiePa. | ||||||||
| Additional Reading | |||||||||
| 1 | Kjells, G. H., Alsiņa, R. 2019. Biznesa ekonomika 3.izd. Rīga: RTU. | ||||||||
| 2 | Šteinbuka, I. (zin. red.). 2021. Latvijas tautsaimniecība pandēmijas ēnā un pēckrīzes izrāviena iespējas. Rīga: LU Akadēmiskais apgāds. | ||||||||
| 3 | Leibus, I. 2018. Pašnodarbināto grāmatvedība un nodokļi. 10.izd. Rīga: Lietišķās informācijas dienests. | ||||||||
| 4 | Babris, S., Kaļķis, H. u. c. 2016. LEAN risinājumi efektīvākam biznesam. Rīga: Madris. | ||||||||
| 5 | Zelmenis, D. 2019. Valsts loma tirgus ekonomikā. Rīga: RSU. | ||||||||
| 6 | Drukers, P. F. 2014. Efektīvs vadītājs. Rīga: Zoldnera izdevniecība. | ||||||||
| Other Information Sources | |||||||||
| 1 | http://www.em.gov.lv/ | ||||||||
| 2 | http://www.fm.gov.lv/ | ||||||||
| 3 | https://www.vid.gov.lv | ||||||||
