Economic and Business
Study Course Implementer
Riga, Kronvalda boulevard 9, svek@rsu.lv, +371 67338307
About Study Course
Objective
Preliminary Knowledge
Learning Outcomes
Knowledge
1.Students will be able to: - define the main economic goals and problems, - describe the role of the state in the economy, - name the main legislative acts that regulate business, - explain the necessity of economic activity accounting, - name and describe the types of business risks, - define what innovations are and explain their impact on business.
Skills
1.Students will be able to: - Compare the similarities and differences between microeconomics and macroeconomics., - evaluate the advantages and disadvantages of economic systems, - analyze the behavior of market subjects, - compare the economic indicators of Latvia and other countries, - compare business forms, determine their advantages and disadvantages, - choose the appropriate business form for the specific economic activity, - develop a business model, perform SWOT and PEST analysis, - create an appropriate organizational structure, determine the necessary resources, - evaluate the role and importance of innovations in business.
Competences
1.Using the acquired knowledge, students will be able to: - discuss the global impact on the national economy, - evaluate Latvia's tax policy and budget, - evaluate the business environment in Latvia and the role of the state in promoting business, - identify and use innovation opportunities to promote sustainability, - evaluate business risks, as well as make decisions for their mitigation and prevention.
Assessment
Individual work
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Title
|
% from total grade
|
Grade
|
|---|---|---|
|
1.
Individual work |
-
|
-
|
|
Participation in lectures and seminars, individual work with teaching materials and literary sources, and preparation of presentations on the course topics.
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||
Examination
|
Title
|
% from total grade
|
Grade
|
|---|---|---|
|
1.
Examination |
-
|
-
|
|
Cumulative assessment that consists of assessment of the independent work completed during the course – 50% and exam grade – 50%. To be able to take the exam student has to have a positive assessment of all the independent work completed during the study course. To receive a final grade examination is mandatory. The assessment of independent work in case of an unsuccessful passed exam does not increase the final assessment grade.
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Study Course Theme Plan
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Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
|
Accounting and financial management of economic activity. Introduction to accounting - financial accounting, management accounting. Analysis of financial indicators.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
|
The content of entrepreneurship, its functions. The factors that are influencing types of business. Legislation.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Introduction to Economics. The essence of economics: definition and functions. The main goals and problems of economics. The economic situation in Latvia and Europe. Characteristics of different types of economic systems.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
|
Business model development, presentation, evaluation.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The content of entrepreneurship, its functions. The factors that are influencing types of business. Legislation.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
|
Business model development, presentation, evaluation.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
|
Management of the company. Personnel, resources, technology management. Implementation and management of innovations.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The mechanism of market. Suply and demand. The essence of the state's economic policy and tools for its implementation. Fiscal and monetary policy.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
|
Introduction to Economics. The essence of economics: definition and functions. The main goals and problems of economics. The economic situation in Latvia and Europe. Characteristics of different types of economic systems.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Management of the company. Personnel, resources, technology management. Implementation and management of innovations.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
|
Stages of business development. Idea generation and evaluation. Business planning. Business model - definitions, main components. The business plan - strategy, goals, tasks, necessary resources, market and competitor analysis, financial attraction opportunities, and risk assessment.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
3
|
Topics
|
The mechanism of market. Suply and demand. The essence of the state's economic policy and tools for its implementation. Fiscal and monetary policy.
|
Bibliography
Required Reading
Lekciju materiāli e-studijās.
Nešpors, V. 2015. Mikroekonomikas teorijas pamati. Rīga: RTU.
Bikse V. 2015. Makroekonomika. Liepāja: LiePa.
Kennard, M. 2021. Innovation and Entrepreneurship. 1st Edition. Routledge.
Ārvalstu studentiem/For international students
Additional Reading
Eteris, E., Vasiļevska, D. 2024. Bizness jaunajā gadsimtā: izaicinājumi un panākumi. Politiskā ekonomika un uzņēmējdarbība Eiropā un pasaulē. Rīga: Turība.
Drukers, P. F. 2014. Efektīvs vadītājs. Rīga: Zoldnera izdevniecība.
Kjells, G. H., Alsiņa, R. 2019. Biznesa ekonomika 3.izd. Rīga: RTU.
Zelmenis, D. 2019. Valsts loma tirgus ekonomikā. Rīga: RSU.
Babris, S., Kaļķis, H. u. c. 2020. LEAN risinājumi efektīvam biznesam. Rīga: Madris.
Šteinbuka, I. (zin. red.). 2021. Latvijas tautsaimniecība pandēmijas ēnā un pēckrīzes izrāviena iespējas. Rīga: LU Akadēmiskais apgāds.
Leibus, I. 2022. Pašnodarbināto grāmatvedība un nodokļi. 10.izd. Rīga: Lietišķās informācijas dienests.