Faculty of Technical Sciences

Subject: Engineering Economy (17.EI504A)

General information:
 
Category Theoretical-methodological
Scientific or art field Električna merenja, metrologija i biomedicina
ECTS 7

Adoption of market laws and parameters of functioning of modern business. The educational goal is to enable students to study, as a future master engineer, in integrating the component of strategic thinking in order to adapt to the demands of new global economic trends with technological changes and innovations. The educational goal is also reflected in the fact that the future master engineer is familiar with the basics of business economics and the possibility of combining the technical and economic dimension of business in the organization.

Acquiring knowledge of practical applicability that enables the future master engineer to use basic principles, techniques and tools in the field of economics, finance and accounting, and thus provide adequate engineering support for the realization of financial, accounting, purchasing and sales function tasks and their coordination with other business functions in organization. Economic reasoning about the state and processes of a market economy. The outcome of education is reflected in the development of the ability to align business processes (basic, auxiliary and management) with the economic requirements that are given in the organization and business environment. Acquired knowledge will provide a basis for getting to know the possibilities of using the accounting business information system of the organization as a source of data for managing, executing and controlling business processes.

Basic economic, financial, accounting and fiscal terms of importance for the business of the company. Types of enterprises according to the ownership of capital and management of organizations. Corporate management. Business functions of a company, process and functional management. Significance of financial and accounting functions. Basic Financial Statements and their use in an enterprise. Instruments and procedures for the analysis of financial statements. Getting to know the basic types of costs, CAPEX and OPEX, fixed and variable. Controlling and business indicators. Calculation of the cost of goods and services. Break-even point of profitability. The role of engineers in the budgeting process - planning and integral reporting in the organization. Sources of financing the organization. The importance of durable and working capital in the company's business.

Teaching is done on the basis of a combination of theoretical and practical knowledge. Audiovisual tools are used during lectures and exercises. Exercises are auditory and laboratory. Analysis of case studies from a company and a case study. Individual and group consultations. During classes, work in groups is encouraged in order to familiarize basic economic, financial and accounting concepts in the business of businesses subjects in the local and global socio-economic environment.

Authors Title Year Publisher Language
V.Brigham, E.F., Houston, J.F Fundamentals of Financial Management 2012 Cengage Learning English
Blank, L., Tarquin, A. Basics of Engineering Economy 2014 McGraw-Hill Education, New York English
Course activity Pre-examination Obligations Number of points
Test Yes Yes 40.00
Written part of the exam - tasks and theory No Yes 50.00
Lecture attendance Yes Yes 10.00
API Image

Prof. Demko-Rihter Jelena

Full Professor

Lectures
API Image

Professional Studies Professor Conić Nevena

Intern Researcher

Computational classes

Faculty of Technical Sciences

© 2024. Faculty of Technical Sciences.

Contact:

Address: Trg Dositeja Obradovića 6, 21102 Novi Sad

Phone:  (+381) 21 450 810
(+381) 21 6350 413

Fax : (+381) 21 458 133
Emejl: ftndean@uns.ac.rs

© 2024. Faculty of Technical Sciences.