Course name	Business Economics
Course code	R.9L2.BE4II.SM.REKXX
Department	Department of Management and Marketing in Agribusiness
Faculty	Faculty of Agriculture and Economics
Lecturers	Dr. Hab. Andrzej Krasnodębski; Natalia Turčekova,PhD.
General information	Teaching period	summer semester
		ECTS credit	6
		Lectures total	15
		Practicals	15
Objective and general description	Business Economics will focus on an overview of basic economic theory applied to modern business decision-making. The course will include coverage of the major macroeconomic and microeconomic concepts that are important to managers' decisions making. The course demonstrates how the economic theory of business can be applied.
Lectures	1. Introduction to Business Economics, Theoretical Approach to Firm Theory 2h 2. The Concept of the Production Function 2h 3. The Cost Analysis in the Short Run, Long Run 2h 4. The Break Even Analysis, Operating Leverage, Financial Leverage, Total Leverage 2h 5. Profit maximization in Perfect Competition, Profit maximization in Imperfect Competition 2h 6. Determination of Capital Structure 2h 7. Methodology of Economic Efficiency 2h 8. The Financial Performance Measurement 1h
Classes	The Cost Analysis in the Short Run, Long Run 2h The Break Even Analysis 2h Operating Leverage, Financial Leverage, Total Leverage Determination of Capital Structure 2h Cash Flows of the Firm, Cash Flow Statement 2h The Concept of the Production Function 2h The Economics of Investment 1h The Financial Analysis, Ratio Analysis 2h
Assessment method	Oral exam
References	Chrystal, K. Alec & Lipsey, Richard G.: Economics for Business and Management, Oxford University Press, 1997, ISBN10: 0-19-877539-3 Trefor Jones: The Business Economics and Managerial Decision Making, John Wiley and Sons Ltd, 2004. ISBN 10 0471486744 Paperback Brealey R. A., Meyers S. C: Princi

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