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School of Electrical and Computer Engineering of Applied Studies


Business Economics Course code: 172007 | 6 ECTS credits

Basic information
Level of Studies: Undergraduate applied studies
Year of Study: 3
Semester: 6
Requirements: None.
Goal: Acquiring basic knowledge from business economics, applicable in practice.
Outcome: Training students to successfully manage an enterprise based on positive law and macroeconomic legitimacy.
Contents of the course
Theoretical instruction:
  1. The concept and importance of business economics. Basic Economic Principles;
  2. The notion and important features of companies: economic organizations and market economy. Basic features of the company;
  3. Inocasino and partner enterprise: characteristics;
  4. Limited Partnership;
  5. Joint stock company in the market economy system. The establishment process; control package of actions. Classification. Management of society;
  6. Business Companies in the Economy of the Republic of Serbia: Procedure for the Establishment and Classification of Business Companies;
  7. Entrepreneur. Dairy Company Limited Partnership;
  8. Limited Liability Company Joint-stock company;
  9. Company funds: Fixed assets;
  10. Value of fixed assets. Fixed assets capacity. Depreciation of fixed assets. Current assets;
  11. Sources of working capital. Circular movement of working assets. The volume of required working capital;
  12. Costs - concept and classification: expenditures and costs. Cost distribution by location; division according to the change in production volume;
  13. Business results of the company;
  14. Physical scope of production. Total income. Profit;
  15. Measurement of realized business results.
Practical instruction (Problem solving sessions/Lab work/Practical training):
  1. The exercises are discussed on concrete examples from the practice on matter covered by the lecture program.
Textbooks and References
  1. P. Staletić, Ekonomika biznisa,Visoka škola elektrotehnike i računarstva, Beograd, 2014.
  2. Bojan Ilić, Vesna Milićević, Ekonomika poslovanja, FON, Beograd, 2008.
Number of active classes (weekly)
Lectures: 3
Practical classes: 2
Other types of classes: 0
Grading (maximum number of points: 100)
Pre-exam obligations
activities during lectures
activities on practial excersises
seminary work
Final exam
Written exam
Oral exam