Economic and Basics of Business
Study Course Implementer
Riga, Kronvalda bulvāris 9, svek@rsu.lv, +371 67338307
About Study Course
Objective
To develop an understanding about the main areas, which are within the scope of economics at micro and macro levels as well as to promote the knowledge about the role of entrepreneurship in economics, forms of entrepreneurship, legal aspects, work organization and financial planning.
Preliminary Knowledge
Secondary school level knowledge in economics, basic grounding in mathematics and statistics.
Learning Outcomes
Knowledge
1.The students will be able to: - elucidate the basic problem of economics and entrepreneurship, estimate the role of state in economics; - define the main economic goals and problems; - name the main legislation governing business and employment relationships; - name and elucidate the main functions of management; - describe leadership styles. - name the factors of inner and outer environment.
Skills
1.The students will be able to: - distinguish the common and distinctive features of micro and macro economics; - evaluate the strengths and weaknesses of various economic systems; - compare the economic indicators of Latvia and other countries; - estimate the role of state in economics; - discuss the influence of globalization on the national economies; - to analyse the business environment; - establish an organizational structure according to the type of business; - to estimate the efficiency of a leadership style.
Competences
1.The students will be able to: - analyze the economic situation in Latvia; - carry out SWOT and PEST analysis; - to develop a business plan; - analyze the financial indicators of a business; - evaluate the risks in business and make appropriate decissions.
Assessment
Individual work
|
Title
|
% from total grade
|
Grade
|
|---|---|---|
|
1.
Individual work |
50.00% from total grade
|
10 points
|
|
- study handout text independently, participate in discussion during classes; - perform various tasks in the practice sessions; - discusses the most up-to-date economic processes in the country in seminars; - prepare and present independent works; - take the examination papers in writing on the topics discussed in the study subject. |
||
Examination
|
Title
|
% from total grade
|
Grade
|
|---|---|---|
|
1.
Examination |
50.00% from total grade
|
10 points
|
|
Cumulative final assessment consisting of 50% independent work assessment and 50% examination assessment. In order for a student to be admitted to taking an exam, independent work must have a successful assessment. To receive a final assessment, taking an exam is mandatory. In the case of an examination passed unsuccessfully, the assessment of independent work shall not increase the final assessment. |
||
Study Course Theme Plan
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Introduction to Economics. The main goals, problems. Manufacturing resources. The common and the different in microeconomics and macroeconomics.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Introduction to Economics. The main goals, problems. Manufacturing resources. The common and the different in microeconomics and macroeconomics.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The caracteristics of economic systems. The economic policy. The economic system of Latvia.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The mechanism of market. Supply and demand. Flexibility.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Economic policy of the state, instruments of its realization. Fiscal and monetary policy.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Economic policy of the state, instruments of its realization. Fiscal and monetary policy.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Economic policy of the state, instruments of its realization. Fiscal and monetary policy.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Inflation. Unemployment.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Inflation. Unemployment.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The influence of globalization on national economies of countries. International relations.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The influence of globalization on national economies of countries. International relations.
|
-
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
|
2
|
Topics
|
Comparison of types of business. Developmental stages of a business. Business planning advantages. Contents of a business plan (goals, objectives, leadership, the necessary resources, product or service description, market and competitor analysis, summary), the amount, presentation.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Comparison of types of business. Developmental stages of a business. Business planning advantages. Contents of a business plan (goals, objectives, leadership, the necessary resources, product or service description, market and competitor analysis, summary), the amount, presentation.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The influence of inner and outer environment on business. Operating records of a business. Management of risks.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Introduction to Accounting. Financial accounting, management accounting. Annual Report of the Company, its components (balance sheet, profit and loss statement, cash flow statement, management report). The anexes, explanations of balance sheet items.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Introduction to Economics. The main goals, problems. Manufacturing resources. The common and the different in microeconomics and macroeconomics.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The caracteristics of economic systems. The economic policy. The economic system of Latvia.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The mechanism of market. Supply and demand. Flexibility.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Economic policy of the state, instruments of its realization. Fiscal and monetary policy.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Inflation. Unemployment.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The influence of globalization on national economies of countries. International relations.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The influence of globalization on national economies of countries. International relations.
|
-
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
|
2
|
Topics
|
Comparison of types of business. Developmental stages of a business. Business planning advantages. Contents of a business plan (goals, objectives, leadership, the necessary resources, product or service description, market and competitor analysis, summary), the amount, presentation.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The influence of inner and outer environment on business. Operating records of a business. Management of risks.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Introduction to Accounting. Financial accounting, management accounting. Annual Report of the Company, its components (balance sheet, profit and loss statement, cash flow statement, management report). The anexes, explanations of balance sheet items.
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Introduction to Accounting. Financial accounting, management accounting. Annual Report of the Company, its components (balance sheet, profit and loss statement, cash flow statement, management report). The anexes, explanations of balance sheet items.
|
Bibliography
Required Reading
Nešpors, V. 2015. Mikroekonomikas teorijas pamati. Rīga: RTU.
Bikse, V. 2015. Makroekonomika. Liepāja: LiePa.
Additional Reading
Kjells, G. H., Alsiņa, R. 2019. Biznesa ekonomika 3.izd. Rīga: RTU.
Šteinbuka, I. (zin. red.). 2021. Latvijas tautsaimniecība pandēmijas ēnā un pēckrīzes izrāviena iespējas. Rīga: LU Akadēmiskais apgāds.
Leibus, I. 2025. Pašnodarbināto grāmatvedība un nodokļi. 11.izd. Rīga: Lietišķās informācijas dienests.
Babris, S., Kaļķis, H. u. c. 2016. LEAN risinājumi efektīvākam biznesam. Rīga: Madris.
Zelmenis, D. 2019. Valsts loma tirgus ekonomikā. Rīga: RSU.
Drukers, P. F. 2014. Efektīvs vadītājs. Rīga: Zoldnera izdevniecība.