Economy for Engineers

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.

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.

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

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.

• 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. Catalogue UNG Publisher
• D. Papler in Š. Bojnec (2011): Naložbe v trajnostni razvoj energetike, Koper: Univerza na Primorskem, Fakulteta za management. E-version

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. E-version
• D. Papler in Š. Bojnec (2015): Konkurenčnost in dejavniki dobave električne energije, Koper: Univerza na Primorskem, Fakulteta za management. E-version

• 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

Dr. Drago Papler Assistant Professor, habilitation field economy

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