WISO100541 Fundamentals of business economics
- Type
- course with continuous assessment
- Semester hours
- 4
- Lecturer (assistant)
- Miskulnig, Lea , Scheichel, Eva , Gronalt, Manfred , Hesse, Maximilian
- Organisation
- Production and Logistics
- Offered in
- Wintersemester 2025/26
- Languages of instruction
- Deutsch
- Content
-
Subject of Business Administration:
Needs, goods, and production factors
Economic units
Stakeholders of a company
Value creation, value chain, and operational revenue process
Accounting
Concept of management
Organization & personnel
Sustainability in Companies:
Three-pillar model & multidimensionality
Sustainable business models
Costs of non-sustainability
Rebound effect
Standards & certifications
Legal Forms of Companies:
UGB (Austrian Commercial Code)
Shares & stock prices
Corporate alliances
Planning:
Basics of planning
Controlling
Models and model building
Deterministic optimization model (basic models)
Machine scheduling
Decision Theory:
Decisions under certainty, risk, and uncertainty
Multi-objective problems
Logistics:
Basics
Supply chain management
Material requirements planning
Forecasting methods
Classical order quantity/lot size model
Financing:
Basic concepts
Equity & debt financing
Liquidity & cash flow
Financial planning & leverage effect
Investment:
Basic concepts
Evaluation of individual investments: static and dynamic
Project Planning:
Network analysis
Capacity analysis
Time-cost trade-off
Applied Quantitative Methods (selection):
Key performance indicator analysis (DuPont scheme), efficiency and productivity, LP modeling and graphical solution, knapsack problem, transportation problem, methods for decision-making under risk (e.g., semi-variance method), methods for decision-making under uncertainty (e.g., regret method, Hurwicz method), utility value analysis, ABC analysis, linear regression, EOQ model, stock price calculation, static investment appraisal (e.g., payback period), dynamic investment appraisal (e.g., annuity method), break-even analysis, network analysis.
- Previous knowledge expected
-
Mathematical and statistical knowledge at high school graduation level (Matura/A-levels)
- Objective (expected results of study and acquired competences)
-
After completing the course, students will be able to:
•name and describe the essential legal forms, fundamental functions and goals of businesses,
•compare these with the requirements of ecological and social sustainability,
•develop basic concepts for sustainable business management and corporate value creation,
•understand fundamental business decision-making situations and planning problems,
•independently formulate and solve simple business planning models
•explain and present business administration content.
You can find more details like the schedule or information about exams on the course-page in BOKUonline.