School of Engineering and Management

Economy for Engineers

This course is part of the programme:
Master in Engineering and Management (Second Level)

Objectives and competences

The following general competences will be acquired:

  • the ability to analyze, synthesize and predict the consequences of strategic decisions,
  • mastering research methods, procedures and processes in the field of strategic management and the development of critical thinking and self-critical judgment,
  • the ability to use skills in the field of strategic management to solve open issues in a wider multidisciplinary perspective,
  • the ability to interpret own views and conclusions, work in the group, and tolerate acceptance and consideration of constructive criticisms and comments.

The following subject – specific competences will be acquired:

  • Understanding the impact of economic and social impacts on the design, planning and implementation of the organization’s operations,
  • understanding the changes brought about by the process of globalization in the design, planning and implementation of economic aspects of the organization, • the ability to take a critical view of the relationship between the individual building blocks of the organization,
  • the ability to solve specific professional problems in the field of valuation of investments,
  • the ability to draw own conclusions and position them in an appropriate professional framework,
  • ability to use critical analysis and synthesis in solving complex multidisciplinary professional and research problems in the field of economics.

Prerequisites

Required knowledge cobers topics from courses: Economics and organization of a company, Business mathematics, and Statistics from the first level study program Engineering and Management. Basic skipps of using computers is also required.

Content (Syllabus outline)

1. Introduction

- theory, concepts

- the study of topics published in relevant literature

- the reflection of the topic of economic problem

- globalization

2. Offer, demand, elasticity

- goods and needs

- production factors

- market, supply, demand

- price and income elasticity, cross-elasticity

- revenue, cost and production function

3. The roots of the business process and management

- the factors for successful work

- funds, financing, stocks

4. Basics of production theory and costs

- costs, revenues, profit or loss, cost sharing

- cost calculations

- business indicators

5. Company development

- profitability factors

- risk factors

- performance and performance analysis, indicators

6. Business development projects

- methodology for the economic evaluation of projects

- economic indicators and effects

- Analysis of social costs and benefits

- Cost Benefit analysis

- comparative analysis of methods and indicators examples of the calculation process

- case studies from an engineering field

Intended learning outcomes

Students will:

  • understand the importance and role of influential participants for the business success of the organization,
  • be able to formulate the business policy of organizations,
  • be able to analyze economically the operations of the organization, activities and structures in the country and to compare it in a wider context,
  • be able to evaluate economically the investments for decision-making,
  • understand and recognize the causes of the organization’s failure.

Readings

  • B. Bergant (2011): Ekonomika in organizacija v gospodarskih subjektih, Nova Gorica, od strani 224 do 256
  • F. Bizjak (2008): Osnove ekonomike podjetja za inženirje, Nova Gorica: Univerza v Novi Gorici
  • D. Papler in Š. Bojnec (2011): Naložbe v trajnostni razvoj energetike, Koper: Univerza na Primorskem, Fakulteta za management http://www.fm-kp.si/zalozba/ISBN/978-961-266-128-1.pdf.

Additional:

  • N. Klein (2007): Doktrina šoka
  • N. Chomsky (2013): Profit pred ljudmi
  • D. Papler in Š. Bojnec (2015): Učinki liberalizacije trga električne energije, Koper: Univerza na Primorskem, Fakulteta za mangement http://www.fm-kp.si/zalozba/ISBN/978-961-266-191-5.pdf
  • D. Papler in Š. Bojnec (2015): Konkurenčnost in dejavniki dobave električne energije, Koper: Univerza na Primorskem, Fakulteta za management, http://www.fm-kp.si/zalozba/ISBN/978-961-266-188-5.pdf

Assessment

  • Short written assignments • Written exam, which assesses knowledge of the implementation of concepts of basic principles of control-systems analysis and design of companies. • Individual seminar • Presentations 10/60/20/10

Lecturer's references

Dr. Drago Papler Assistant Professor, habilitation field economy

http://izumbib.izum.si/bibliografije/Y20190529103854-A837475.html

University course code: 2GI001

Year of study: 1

Semester: 1

Course principal:

Lecturer:

Assistant:

ECTS: 12

Workload:

  • Lectures: 30 hours
  • Exercises: 30 hours
  • Individual work: 240 hours

Course type: mandatory

Languages: slovene

Learning and teaching methods:
• lectures • exercises • individual solving financial issues at home and present the resulting solution