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-object 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 (Du-Pont 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, ABC analysis, linear regression, EOQ model, stock price calculation, static and dynamic valuation of investments (e.g. payback period, 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.