Basic Business Economics
The course gives an introduction to theories, methods and models within the field of business economics. Furthermore, the course will demonstrate how these theories, methods and models can be used in practical business economic planning and control.
Part 1: Accounting and budgeting
The main financial statements (the income statement and the balance sheet)
How are financial statements prepared (basic registration techniques)?
How can financial statements be used (financial statement analysis)?
Budgeting and financial management
Preparation of the main budgets (income statement budgets, cash budgets and balance sheet budgets) and their relationships
Part 2: Cost and income analysis
Cost accounting methods (contribution margin and full cost)
Cost- volume-profit analysis
Short-term decision problem areas
Part 3: Investment and financing
Introduction to finance calculator
Discounting and interest rate calculations
How can we measure the profitability of investment projects?
How can we measure the costs of various financing alternatives?
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