IUE326 Economics and Planning of Small Business

Code IUE326
Name Economics and Planning of Small Business
Status Compulsory/Courses of Limited Choice
Level and type Undergraduate Studies, Academic
Field of study Economics
Faculty
Academic staff Irina Voronova
Credit points 2.0 (3.0 ECTS)
Parts 1
Annotation Essence and functions of business. Advantages and preconditions for operation of a small business. Calculation of production and material assets for a small business. Cost accounting. Pricing of goods and services. Economic substantiation of a small business establishment. Planning of the range of goods and services. Elaboration of a business plan. How to start a small business..
Goals and objectives
of the course in terms
of competences and skills
The aim of the course: to provide theoretical and practical knowledge of small business economics and planning. The course implementation tasks: understand the small business concept and its advantages; introduce the legal aspects of small business operation; assess the current industrial, commercial and financial activities of a small business; be able to justify the setup of a small business.
Learning outcomes
and assessment
Able to understand the small business concept and its advantages. - Case study within the framework of independent work.
Able to select the legal base of a small business functioning and its competitive edge. - Mastering of the product competitiveness assessment methods in practical examples.
Able to assess the small company's current production, commercial and financial activities. - Practical work – resolving 12-15 tasks.
Able to justify the setup of a small business. - The final assessment – test.
Course prerequisites Economics.

[Extended course information PDF]