1616 Economics of Public Enterprises and Non-Profit Organisations

1616 Economics of Public Enterprises and Non-Profit Organisations

  • Study programme and level: Professional degree programme Administration 1st Cycle
  • 2nd year
  • 6 ECTS
  • Course type: Core
  • Lectures: 45
  • Tutorial: 30
  • Other forms of study: 45
  • Individual work: 60
  • Lecturer: Veronika Petkovšek

 

 

1. Objectives and competences

 

Student

  • distinguishes the differences in the functioning of private, public, for-profit and not-for-profit organisations,
  • relates historical, legal, political, and socio-economic factors, which affect the operation of public enterprises and non-profit organisations,
  • uses the knowledge in order to analyse performance of public enterprise and non-profit organisation,
  • solves case study on business problems associated with particular organisation,
  • constructs the fundamentals of business economics and planning in organisations.

Competences

  • ability to generalise theory and practice of public enterprise and non-profit organisation functioning and ability to critically judge organizational and managerial issues,
  • ability to understand and recognize of the microeconomic functions of the company, either public, profit or non-profit,
  • ability to interpret contemporary issues in business economics,
  • ability to apply microeconomic tools for corporate planning, organising and financing,
  • ability to place in context advancements in business studies related to public and non-profit organisation operation,
  • ability to identify, analyse and solve managerial problems related to functioning of public enterprises and nonprofit organisations.

 

2. Content

  • Definition and techniques of business economics.
  • Definition of public (and private) enterprise and non-profit organisation
  • Business economics in the public and non-profit sector.
  • Ownership and corporate governance in public and non-profit organisations
  • Business statements.
  • Production, business activities and theory of the firm.
  • Costs and calculations.
  • Pricing policy and regulatory framework.
  • Corporate finance.
  • Economics of investments.
  • Strategic decisions in public and non-profit organisations
  • Social policy related to public and non-profit organisations

3. Readings

 

  • PEVCIN, Primož. (2018). Menedžerska ekonomika v javnih in nepridobitnih organizacijah. Fakulteta za upravo, Ljubljana. 129 str.
  • PEČAR, Zdravko., GRAMC. Boris. (2005). Ekonomika javnih podjetij in javnih zavodov. Študijsko gradivo. Fakulteta za upravo, Ljubljana. 169 str.
  • Pevcin, Primož (2010). Ekonomika javnih podjetij in zavodov. Fakulteta za upravo, Ljubljana. 216 str.
  • Jones, Trefor (2004). Business economics and managerial decision making. Wiley, London. Izbrana poglavja iz teorije firme in strateškega odločanja v podjetju, 140 str. 

 

4. Intended learning outcomes

 

  • Student recalls business economics and corporate finance concepts. Student reproduces the differences between for-profit and non-profit organizations, and tells on the importance of planning. Student applies techniques and methods of business economics for the purpose of solving business and investment-related problems. Students appraises or calculates relevant business economics categories in order to enable problem solving. Student analyses relevant institutional data and compile necessary measures to improve organizational performance. Student assesses microeconomic techniques and their outcomes, and recommend necessary steps to solve problems and support organizational development.

5. Learning and teaching methods

  • lecture
  • practical work
  • case study
  • problem based learning
  • e-learning

6. Assessment

  • Written and/or oral exam (can be passed with two tests; condition: student have to pass both tests) (100%)