ITA705 Territorial Economic Activity

Code ITA705
Name Territorial Economic Activity
Status Compulsory/Courses of Limited Choice
Level and type Undergraduate Studies, Professional
Field of study Economics
Academic staff Maija Šenfelde, Normunds Balabka
Credit points 4.0 (6.0 ECTS)
Parts 1
Annotation Course includes the basic business activity modelling for the territories: cities and local municipalities. It is intended to acquire the necessary investment, costs and revenues planning, analysis and evaluation principles for local and urban territory economic activity. Course includes operating costs calculation methods and stocks management methods for determining the effectiveness of economic activities. The main issue of the course is to provide knowledge of business activities organization, planning and realization in municipal territories..
Goals and objectives
of the course in terms
of competences and skills
To acquire knowledge and skills for local and urban territory business organisation, resource planning and evaluation, production and services realization. Specific objectives: understand the local and urban territory business as an economic system; be able to use economic theories, models and methodology for assessment of economic outcomes. Provide economic calculations, plans, reporting and statistical evaluation of data. To evaluate applicability of the information for decision-making. Apply economic knowledge and professional communicative skills.
Learning outcomes
and assessment
Acquired knowledge about modelling of economic activities in the urban area and local municipalities. - Practical work - test.
Oriented in revenues and costs structure - Practical work - task
Knowledge and ability to apply cost benefit assessment methods. - Practical work - task
Ability to determine the company’s business potential and efficiency. - Practical work - task
Knowledge in financial statement's structure, ability to carry out the analysis of the effectiveness. - Practical work - task
Ability to plan and evaluate necessary resources for territorial economic activities - Practical work - task
Ability to determine kind and amount of investment for the company's economic activities and evaluate the effectiveness of their use. - Practical work - task
Ability to assess the stock management effectiveness - Practical work - task
Ability to plan and assess territorial economic activities - Summative assessment: exam and practical works evaluation
Course prerequisites knowledge in economics, mathematics, economis statistics from the first study year

[Extended course information PDF]