Subject: Fundamentals of Economics for Engineers (17 - IZOO17)

Basic Information

Scientific or art field:Proizvodni i uslužni sistemi, organizacija i menadžment
Native organizations units

Course native organizational units not found!
Course specification

Course is active from 01.05.2014..

The course aims to enable students as future engineers to integrate components of strategic thinking in order to adapt to the demands of the new economic and social processes and global trends. The educational goal is reflected in the fact that the future engineer should be familiar with possibilities of combining technical and economic dimensions of business.
Acquiring practical knowledge that enables future engineers to use basic principles, techniques and tools from the fields of economics, finance and accounting, and thus provide adequate engineering support in realization of tasks of financial, accounting, purchasing and sales functions, as well as their coordination with other business functions in an enterprise. The positive outcome of education is reflected in the development of the ability to harmonize technical and other processes with economic demands arising from the enterprise and its environment
Introduction to the macroeconomic environment and institutions. Enterprise and Corporate Governance. Financial statements. Instruments and methods of financial statements’ analysis. Cost concepts and indirect cost allocation. The term and methods of depreciation. Cost calculation. Break- even point and its application. The role of managers in the budgeting process of an enterprise. Key performance indicators. Time value of money. Simple and compound interest. Methods of long term investments' justification. Internal and external sources of financing business. Introduction to financial markets, instruments. The importance of working capital in the business of an enterprise.
Lectures are based on the combination of relevant theoretical and practical knowledge. Using of audiovisual aids for the lectures. Case studies from the local and global socioeconomic environment. Individual and group consultations.
Malinić, D., Milićević, V., Stevanović, N.Upravljačko računovodstvo2013Ekonomski fakultet, BeogradSerbian language
Brigham, E.F., Houston, J.F.Fundamentals of Financial Management2012Cengage LearningEnglish
Blank, L., Tarquin, A.Basics of Engineering Economy2014McGraw-Hill Education, New YorkEnglish
Eschenbach, T.Engineering Economy - Applying Theory to Practice2003Oxford University PressEnglish
Demko-Rihter, J.Osnovi ekonomije za inženjere - skripta za nastavu2018Fakultet tehničkih nauka, Novi SadSerbian language
Course activity Pre-examination ObligationsNumber of points
Written part of the exam - tasks and theoryNoYes60.00
Lecture attendanceYesYes5.00
Oral part of the examNoYes10.00
Name and surnameForm of classes
Missing picture!

Demko-Rihter Jelena
Associate Professor