Courses – Fakultet tehničkih nauka u Novom Sadu

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

Type of studies	Title
Undergraduate Academic Studies	Information Systems Engineering (Year: 2, Semester: Winter)

General information:

Category	Theoretical-methodological
Scientific or art field	Menadžment i investicije u inženjerstvu Inženjerstvo informacionih sistema Proizvodni i uslužni sistemi, organizacija i menadžment
ECTS	3

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.

Authors	Title	Year	Publisher	Language
Blank, L., Tarquin, A.	Basics of Engineering Economy	2014	McGraw-Hill Education, New York	English
Brigham, E.F., Houston, J.F.	Fundamentals of Financial Management	2012	Cengage Learning	English
Eschenbach, T.	Engineering Economy - Applying Theory to Practice	2003	Oxford University Press	English

Course activity	Pre-examination	Obligations	Number of points
Oral part of the exam	No	Yes	10.00
Written part of the exam - tasks and theory	No	Yes	60.00
Test	Yes	Yes	10.00
Homework	Yes	Yes	5.00
Lecture attendance	Yes	Yes	5.00
Test	Yes	Yes	10.00