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Economic and Business
Study Course Description
Course Description Statuss:Approved
Course Description Version:3.00
Study Course Accepted:03.10.2022 10:54:26
| Study Course Information | |||||||||
| Course Code: | SVUEK_035 | LQF level: | Level 7 | ||||||
| Credit Points: | 2.00 | ECTS: | 3.00 | ||||||
| Branch of Science: | Economics; Other economic and management sub-sectors | Target Audience: | Dentistry | ||||||
| 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 boulevard 9, svek rsu[pnkts]lv, +371 67338307 | ||||||||
| Study Course Planning | |||||||||
| Full-Time - Semester No.1 | |||||||||
| Lectures (count) | 4 | Lecture Length (academic hours) | 2 | Total Contact Hours of Lectures | 8 | ||||
| Classes (count) | 8 | Class Length (academic hours) | 3 | Total Contact Hours of Classes | 24 | ||||
| Total Contact Hours | 32 | ||||||||
| Study course description | |||||||||
| Preliminary Knowledge: | Secondary school level knowledge in economics, 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 of economics, problems. The main goals of the economy, problems. Evaluation of socio-economic factors. Economic situation in Europe and Latvia (concept of national development, employment, GDP, education, health care, tax policy). | Lectures | 1.00 | auditorium | |||||
| Classes | 1.00 | auditorium | |||||||
| 2 | The object of economic theory. The main goals of economics, problems. Manufacturing resources, factors. The common and the different in microeconomics and macroeconomics. | Lectures | 1.00 | auditorium | |||||
| 3 | The caracteristics of economic systems. The mechanism of market. Suply and demand. | Classes | 1.00 | auditorium | |||||
| 4 | Inflation. Unemployment. | Classes | 1.00 | auditorium | |||||
| 5 | The influence of globalization on national economies of countries. International relations. | Lectures | 1.00 | auditorium | |||||
| 6 | The influence of globalization on national economies of countries. International relations. | Classes | 1.00 | auditorium | |||||
| 7 | The content of entrepreneurship, its functions. The factors that are influencing types of business. Legislation. | Lectures | 1.00 | auditorium | |||||
| 8 | 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 | |||||
| 9 | The influence of inner and outer environment on business. Operating records of a business. Management of risks. | Classes | 1.00 | auditorium | |||||
| 10 | 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: | Participation in lectures and seminars, individual work with study materials and literature sources, preparation of presentations on the course topics. | ||||||||
| 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 | ||||||||
| Final Examination (Part-Time): | |||||||||
| Learning Outcomes | |||||||||
| Knowledge: | Students will be able to: - explain the nature of basic economic issues, - define the main economic goals and problems, - evaluate the role of the state in the economy. Students: - will know the difference between economic, entrepreneurial and commercial activity, - will be able to name the main legislative acts that regulate business, - explain the necessity of economic activity accounting, - define the basic principles of accounting, - name and describe the types of business risks. | ||||||||
| 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, - analyze the behavior of market subjects; - evaluate the socioeconomic situation in Latvia; - compare the economic indicators of Latvia and other countries; - compare the forms of business, identify their strengths and weaknesses, - choose the appropriate form of business to the specific economic activity, - develop a business plan, carry out SWOT and PEST analysis, - establish an appropriate organizational structure, to identify the necessary resources. | ||||||||
| Competencies: | The students will be able to apply their knowledge and to: - discuss the influence of globalization on the of the national economy; - analyze Latvian banking system, tax policy and budget; - formulate and articulate the influence of fiscal and monetary policy on the socioeconomic situation in the country; - analyze the business environment in Latvia and the state's role in promoting entrepreneurship; - evaluate the efficiency of control methods; - analyze the financial indicators of a business; - evaluate the risks and ways to make decisions in order to mitigate and eliminate them. | ||||||||
| Bibliography | |||||||||
| No. | Reference | ||||||||
| Required Reading | |||||||||
| 1 | Nešpors, V. 2015. Mikroekonomikas teorijas pamati. Rīga: RTU. | ||||||||
| 2 | Bikse V. 2015. Makroekonomika. Liepāja: LiePa. | ||||||||
| 3 | LR Komerclikums | ||||||||
| 4 | Ārvalstu studentiem/For international students | ||||||||
| 5 | Commercial Law | ||||||||
| Additional Reading | |||||||||
| 1 | Drukers, P. F. 2014. Efektīvs vadītājs. Rīga: Zoldnera izdevniecība. | ||||||||
| 2 | Kjells, G. H., Alsiņa, R. 2019. Biznesa ekonomika 3.izd. Rīga: RTU. | ||||||||
| 3 | Zelmenis, D. 2019. Valsts loma tirgus ekonomikā. Rīga: RSU. | ||||||||
| 4 | Babris, S., Kaļķis, H. u. c. 2020. LEAN risinājumi efektīvam biznesam. Rīga: Madris. | ||||||||
| 5 | Šteinbuka, I. (zin. red.). 2021. Latvijas tautsaimniecība pandēmijas ēnā un pēckrīzes izrāviena iespējas. Rīga: LU Akadēmiskais apgāds. | ||||||||
| 6 | Leibus, I. 2022. Pašnodarbināto grāmatvedība un nodokļi. 10.izd. Rīga: Lietišķās informācijas dienests. | ||||||||
| Other Information Sources | |||||||||
| 1 | http://www.em.gov.lv/ | ||||||||
| 2 | http://www.fm.gov.lv/ | ||||||||
| 3 | https://www.vid.gov.lv | ||||||||
