VSEM EN > Studies at VSEM > Study Programmes > Erasmus > Course Catalogue 2011/2012

Course Catalogue 2011/2012

Running of any course on offer is not guaranteed and depends on the interest of students in a particular course. In case a course proposed in the Learning Agreement is not open, another course will be offered with respective changes to the Learning Agreement so as the total number of ECTS-credits is maintained.

  • Study groups from 10 students – lectures, seminars.
  • Study groups up to 10 students – individual tuition.

Students can enrol for individual courses choosing to write or not a seminar paper. However, it is not possible to write a seminar paper without enrolling for the corresponding course as well.

Advertising and Media Campaigns

Course Title
Advertising and Media Campaigns
Degree Programme Economics and Management
ECTS credits
3
Time allocation (classes/selfstudy)
15 hours/63 hours
Maximum number of students 30
Completion of the course
Written exam
Objectives and content: This class introduces to attendants a current development in advertising and media both in CR and world. On practical examples it explains principles of camaign development with emphasis on key advertising idea, consumer insight and product benefits. Variety of media types are discussed, examples included. It teaches students the ability to use brand pyramid theory as a tool for approaching emocional and rational parts of brand. Students will learn key media metrics (reach, frequency, rating, GRPs, TRPs, CPT, CPP, etc.) and their usage. During the course, students score ten selected advertising campaigns and evaluate their creative quality, their advertising idea and other properties. Evaluation also includes presentation in front of the class and following discussion. Student also master acquired skills via practising on variaty of task, e.g. to create a brief for advertising agancy with the brand repositioning as a goal.
Learning competences: Understanding of key marketing principles and key terms at the bachelors course level.
Learning outcomes: Understanding of advertising principles in context of current developed of brand communication with the aim to mastering the use of given tools in efficient and effective way to reach competitive advantage.

Literature:
  • Marek, A., Masová, mediální a marketingová komunikace, VŠEM, 2010
  • Čichovský, Stuchlík: Reklama a PR, VŠEM, 2010
  • Koudelka, J., Marketing Principy a nástroje, VŠEM, 2008
  • Zamazalová, M., Marketing, Beck, 2010
  • Přikrylová, J., Moderní marketingová komunikace, Grada 2010
  • Clow K. E., Baack D., Reklama, propagace a marketingová komunikace, Computer Press, 2008
  • Pelsmacker, P., Marketingová komunikace, Grada, 2003
  • Lošťáková a kol.: Diferencované řízení vztahů se zákazníky, Grada, 2009
  • Kotler, P., Marketing management, Grada, 2004

Business Economics I

Course Title
Business Economics I
Degree Programme Economics and Management
ECTS credits 3
Terms
Maximum number of students 20
Objectives and content: The module provides the students with the introduction to the basic terms of enterprising and doing business. Drawing from the logic of the corporation’s life cycle this course characterises all major aspects of corporation’s business life including strategic decision making and important financial and business decisions. The course concentrates on entrepreneurship, starting-up business and determinants of healthy business practices and economic decision making. It provides overview of basic forms of economic subjects and specifies their relationships and importance of well functioning enterprises to national economy. The course draws special attention to current issues of the Czech enterprising environment.

Learning outcomes: This introductory course characterises major business topics for starting-up and successful running of business ventures. After completion of this course the students shall understand the major determinants of running successful business, financing the start-ups and coping with usual business problems.

Course outline:
  • Concept of the enterprise and entrepreneurship
  • Business forms
  • Preparing the business plan
  • Business funding and business effectiveness
  • Special features of the Czech business environment
Literature:
  • Lesonsky R., Start Your Own Business, 2nd Edition: Enterpreneur Media Inc, 2001
  • Williams, S., The Financial Times Guide to Business Start Up 2011, Financial Times Guides, 2010
Seminar Paper (4 ECTS):
  • Students can select their own topic from the area of business start-ups or business plan. The topic has to be approved by the lecturer.

Business Economics II

Course Title
Business Economics II
Degree Programme Economics and Management
ECTS credits
3
Terms
Maximum number of students 25
Objectives and content: The module introduces an analysis of business operations from several standpoints. In particular, it concentrates on purchasing and selling activities, on managing the firm’s production, on problems of funding and investment decision making and it also introduces supporting analytical methods for evaluation of activities in concern. The module provides conceptual and methodological resources for specific professional issues and business tasks that follow in further more advanced courses.

Learning outcomes: After completion of this course the students will understand major determinants of running successful business. The student should understand how well is the business managed and where the weak and the strong points of business performance are. Students will also recognise where and when to apply specific analytical methods.

Course outline:
  • Assets and capital structure of the enterprise
  • Organizational structure of the enterprise
  • Production activity, production agents and production capacity
  • Cost management in including activity based costing 
  • Purchase, salling and marketing activity
  • Financial activity
  • Business analysis
Literature:
  • VanDerbeck, E.J. Principles of cost accounting, 14th Ed, Thomson South-Western, 2008
  • Cokins, G. Activity-based Cost Management: An Executive's Guide,  John Wiley and Sons, 2001
Seminar Paper (4 ECTS): The student will work out a case study on a selected topic, which will be approved by the lecturer. The options include:
  • Business plan and its structure
  • Start-up budget
  • Analysis of business costsActivity based costing in a company
  • Activity based costing in a company
  • Characteristics of business assets and capital structure
  • Characteristics of business production activity
  • Problems of the current starting entrepreneurs in selected area
  • Purchase and sales activity of the company
  • Company specifics in the view of the subject specialization of its activity 
  • Company financial analysis   

Business English

Course Title
Business English (A2)
Degree Programme
Economics and Management
ECTS credits
5
Number of hours (classes/self study) 20/110
Maximum number of students 25
Required level of English B2-C1 level of Common European Framework of Reference for Languages
Objectives and content: The VSEM course of Business English contains a range of business English topics that includes components designed to meet the needs of learners who either need to learn Business English through English or perform familiar business tasks in English. Business English ("A2") represents the third level of English courses at VSEM. The course consists of ten units, each of them focussing on one particular area: economics, business economics, management, marketing, advertising and public relations, human resources, accounting and finance, banking, ICT, law. The VSEM Book of Business English draws upon a rich source of authoritative and topical articles from the business world.

  • The aim of the course is to help students acquire business English vocabulary and to develop their communication and reading skills in English.
Learning outcomes: At the end of the course, the students should be able to:
  • work with authentic sources
  • understand and actively use vocabulary of the above-stated areas
  • lead a fluent discussion with peers
Basic literature:
  • PRŮŠOVÁ, D.: Business English, VŠEM, 2011
Recommended literature:
  • BLACK, J., HASHIMZADE, N., MYLES, G., Oxford Dictionary of Economics, OUP, 2009
  • Oxford Dictionary of Business and Management, OUP, 2009
Completion of the course: Written test consisting of 2 parts:
  • Reading comprehension test: a text (approximately 300 words) is followed by 5 questions proving comprehension)
  • 35 multiple choice questions focussed on professional vocabulary

Business Valuations

Course Title
Business Valuations
Degree Programme Economics and Management
ECTS credits
3
Terms
Maximum number of students 20
Objectives and content: Business valuation is used in many tasks in corporation´s lives. Valuation is frequently used in mergers and acquisitions and other kinds of corporate takeovers. The essence of valuation methodology comes from developed capital markets. In emerging markets the evaluator needs to cope with higher uncertainly, although the substance of the approach remains essentially the same. Business valuation is used by owners for estimating the company value when entering the stock market, evaluating the financial standing for the purpose of gaining supplementary external financial resources or by potential buyers. It can be also used as means of protection of minority shareholders.

Learning outcomes: This course introduces a broad spectrum of valuation methods for various applications. After completion of thid course the studetns will understand the propose and methods of business valuation and be able to aplly suitable valuation method in particuler situations.

Course outline:
  • Theoretical basis of business valuation, standards of value, purposes of valuation, premise of value
  • Approaches to business valuation
  • Strategic and financial analysis, business planning
  • Risk, discount rate
  • Income approach – discounted cash flow methods, capitalized net income method
  • Market approach – derivation of value from comparable transactions
  • Asset approach – book value, net asset value, liquidation value
Literature:
  • Hitchner, J.R.: Financial Valuation, Second Edition. Wiley, 2006
  • Pratt, S.P.: Valuing a Business, Fifth Edition. McGraw-Hill, 2008
Seminar Paper (4 ECTS):
  • Preparing a case study. Students will select their own company (approved by the lecturer( and perform the business valuation.

Czech for Beginners

Course Title Czech for Beginners
Degree Programme
Economics and Management
ECTS credits
5
Number of hours (classes/self study)
24/54
Maximum number of students 25
Objectives and content:
  • Czech for Beginners is a course that teaches „survival Czech“.
  • It is designed for beginners who want to reach the A1 communication level; however, they want to do so by communicative methods with less emphasis on grammar.
Learning outcomes: At the end of the course, the students should be able to:
  • understand and react in the basic communicative situations they encounter.
  • use a basic, but practical vocabulary of 550 words.
Basic literature:
  • HOLÁ, L.: Czech Express 1, Akropolis, Praha, 2007
Recommended literature:
  • a bilingual dictionary (Czech-English, English-Czech)
Completion of the course:
  • Written test

Economic Policy

Course Title
Economic policy
Degree Programme Economics and Management
ECTS credits
3
Term

Maximum number of students 25
Completion of the course
Attendance 20%, Midterm test 30%, Final test 50%
Objectives and Content:  The course gives a basic introduction to the Economic Policy, both the theoretical and the practical point of view. The goals, types and instruments of the basic areas of microeconomic and macroeconomic policy, and problems of economic and social development are introduced. The course covers following topics:
  • Theoretical and practical basis of the economic policy
  • History of the evolution of the economic policy
  • Conceptual approaches to the economic policy
  • Types of the economic policy
  • Applied economic policy
Learning competences: English at least at FCA level
Learning outcomes: After passing the course, students will able to:
  • understand different approaches to solving the economic issues in different historical and social-economic context
  • take into account different theories from political science, economics and schools of economic and political thoughts
  • orient themselves in various selected economic policies
  • analyse the different impact of policies
  • understand differencies across the countries
Literature:
  • Acecolla, N.: Economic Policy in the age of Globalisation, Cambridge Unversity Press, 2005, ISBN 9780521540384
  • Atkinson, B., Baker, P., Milward, B.: Economic Policy, Palgrave McMillan, 1996, ISBN 9780333650479
  • Persson, T., Tabellini, G.: Political economics: explaining economic policy, The MIT Press, 2002, ISBN 0-262-16195-8
Seminar Paper (4 ECTS):
  • The content of the seminar paper is based on the comparison of the Czech Republic position with other EU member country in attainable time series in stated thematic group of structural indicators.

Economics of Money and Banking

Course Title
Economics of Money nad Banking
Degree Programme Economics and Management
ECTS credits
3
Terms:
Maximum number of students 25
Completion of the course
Attendance (condition min. 50%), Final exam 50%, Seminar paper presentation 50%
Objectives and content: The course Economics of Money and Banking provides elementary insight into the monetary theory aimed at the current problems of the eurozone and controversies regarding the exchange rate development. Students will be able to understand basic relations among the interest rate, the exchange rate and the price level. The course is useful both for students who plan to study finance and banking and for students who study management aimed at international trade.
Learning competences: a microeconomics or macroeconomics course of bachelor level.
Learning outcomes: quantity theory of money, deposit multiplication, exchange rate theories, a bank run, country default, currency arbitration.
Literature:
  • Mankiw, G.: Macroeconomics, 6th edition. Worth publishers. New York 2007

European Economic Integration

Course Title
European Economic Integration
Degree Programme Economics and Management
ECTS credits
3
Terms
Maximum number of students 25
Completion of the course
Attendance 20%, Midterm test 30%, Final test 50%
Objectives and content: The main aim of the course is to give a brief introduction of the European economic integration processes after the World War II. The structure of the course is devided into the several topics:
  • Basic theoriesof economic integration
  • Historical development of the European integration
  • The institutional achitecture and the procedural aspect of the EU
  • Common policies
  • Coordinated policies
  • European monetary union
  • Lisabon Treaty reform
Learning competences: English at least at FCA level
Learning outcomes: After passing the course, students will able to:
  • orient in the structure of EU institutions
  • understand the development of the integration in the Europe
  • orient themselves in the common and coordinated policies
  • analyse the different impacts of policies for member states
  • have knowledge of the latest developments, events and policies in the European region
Literature:
  • EL AGRAA, A.M. (ed.) (2007). The European Union : Economics and Policies. Cambridge : Cambridge University Press. ISBN 978-0-511-33424-5 (eBook), 978-0-521-69727-9.
  • EC (2007): How the European Union works: Your guide to the EU institutions. European Commission. 50 pp. ISBN 92-79-03653-X.
  • BALDWIN, R., WYPLOSZ, Ch. (2006). The Economics of European Integration. 2nd edition. The McGraw-Hill Education. 464p. ISBN 0-077-111192.
  • EP (2009): Fact sheets on the European Union. European Parliament. 517 p. ISBN 978-92-823-2469-1.
  • LEONARD, D. (2005). Guide to the European Union. 9th ed. London : The Economists. 342 p. ISBN 1-86197-930-4.
  • PELKMANS, J. (2006). European Integration : Methods and Economic Analyses. 3rd ed. London : Pearson Education Limited. 480 p. ISBN: 978-0-273-69449-6.
Seminar Paper (4 ECTS):
  • Eurobarometers
  • Common Agricultural Policy reform
  • Competition policy
  • Accession criteria for candidate countries
  • Growth and Stability Pact
  • energy Policy

Human Resources

Course Title
Human Resources
Degree Programme Economics and Management
ECTS credits
3
Terms:
Maximum number of students 25
Objectives and content: The subject introduces basic tasks of staff department as the
concept of human resources management. The work of staff department is introduced as
the central managerial task and its strategic importance is emphasized. Attention is paid
to the purpose and content of key staff department activities.
  • Staff department work in organization
  • Staffing (forming of the staff in organization)
  • Management of the work output and evaluation of employees
  • Life long learning and development of employees
  • Case studies of real life situations
  • Teaching ethics in business today

Intercultural Differences

Course Title
Understanding the Intercultural Differences Between Czech and Other European Nationalities in the Business Environment
Degree Programme Economics and Management
ECTS credits
3
Terms:
Maximum number of students                               25
Objectives and content: Introductions into the problems of intercultural differences among nations and societies of the Czech Republic and other European countries with emphasis on the different historical, cultural and social traditions and their reflection in the values, in the way of thinking and in the process of the business negotiation. Rules, how to conduct a negotiation with respect to the cultural traditions, habits and differences in the strategy and tactics of negotiation.

Introduction to Management

Course Title
Introduction to management
Degree Programme Economics and Management
ECTS credits
3
Terms
Maximum number of students 25
Objectives and content: The subject introduces the basic definitions and approaches of management in context of decision-making of economic subjects. It presents the concept and methodological basis for consequential professional subjects and for illustration of applications and specifics in the Czech conditions. It covers basic aspects of subject areas of management from the process point of view.
  • Manager profile and personality
  • Management under development
  • Managerial functions of planning, organization and decision-making
  • Managerial functions of human resources management, leadership, controlling and communication
Seminar Paper (4 ECTS):
  • Applicability of the Frederick W. Taylor ideas in a selected organization
  • Applicability of the W. Edwards Deming ideas in a selected organization
  • Applicability of the Max Weber ideas in a selected organization
  • Authority and power in a selected organization
  • Operating range influence over a selected organization
  • Ethical conceptions application in a selected organization

Managerial Decision Making

Course Title
Managerial Decision Making
Degree Programme Economics and Management
ECTS credits
3
Terms
Maximum number of students 25
Objectives and content: The subject introduces processes of solving decision problems and basic methods and instruments of decision making under certainty, risk and uncertainty. It enables to gain knowledge  and skills to undergo rational steps in decision making process. It develops students’ skills in applying basic decision making methods. It enables to gain knowledge in choosing suitable style of decision making and to master acquired theoretical knowledge for solving decision problems in business practice.
  • Decision making processes and their structure
  • Basic methods of decision making under certainty
  • Basic methods of decision making under risk and uncertainty
  • Participative decision making
Learning Outcomes:
  • Ability to distinguish and behave in different types of decision making processes
  • Ability to participate rationally in phases of decision making processes either in individual or in group decision making
  • Ability to use rational approach to solving decision problems and make decisions
  • Knowledgeability and practical ability to apply methods and tools for analysing and solving decision problems, for creating alternatives, evaluating them and making a choice under certainty, risk and uncertainty
Seminar Paper (4 ECTS):
  • Analysis of a decision problem by using different decision making methods. Students can select their own topic which has to be approved by the lecturer.
Basic Readings:
  • HRŮZOVÁ, H.: Managerial Decision Making. Teaching Presentations. Praha : VŠEM, 2011
  • EDWARDS, W. – MILES, R.F.jr. – WINTERFELDT, D.: Advances in Decision Analysis. Cambridge : Cambridge University Press, 2007 – selected parts
  • Distributed Case Studies
  • DILLON, S.M.: Descriptive Decision Making: Comparing Theory with Practice. Available at http://www.orsnz.org.nz/conf33/papers/p61.pdf
Additional Readings:
  • COOKE, S. – SLACK, N.: Making Management Decisions. London : Prentice Hall, 1991
  • HICKS, M.J.: Problem Solving and Decision Making. s.l.: Thomson, 2004
Periodicals:
  • Harvard Business Review
  • Journal of Business
  • Journal of Creative Behavior
  • Journal of Multi-Criteria Decision Analysis
  • Journal of Operations Research
  • Journal of Risk and Uncertainty
  • Management Decision
  • Organizational Behavior and Human Decision Processes
Internet:
  • Decision Making
  • Decision Analysis
  • Problem Solving
  • Multi-Criteria Decision-Making
  • Group Decision Making

Marketing Management

Course Title
Marketing Management
Degree Programme Economics and Management
ECTS credits
3
Terms
Maximum number of students 30
Objectives and content: The course introduces basic concepts of strategic marketing, provides overview of approaches, methods and procedures which are prerequisites for creation of strategic documents as one of the basic requirements for business prosperity.
  • Marketing and its development to strategic marketing
  • Input analyses and development predictions
  • Marketing objectives and strategies
  • Strategies of individual components of marketing mixture
  • Strategy implementation and control
Seminar Paper (4 ECTS):
  • Strategic analysis of a selected company
  • Achieving a competitive strategic advantage in contemporary business: Search Engine Marketing
  • Business strategy as a key to success: Plan for a new venture

MS Office

Course Title
MS Office
Degree Programme Economics and Management
ECTS credits
3
Terms
Maximum number of students 18
Objectives and content:
  • MS Office programmes, comparison with similar applications, possibilities and suitability of using spreadsheet processors, text editors and presentation programmes for individual types of required outcomes.
  • Rules of presentations and suitability of using different instruments, PowerPoint: insertion of slides, pictures, work with templates, color scheme, presentation editing by adding animations and slide transitions, show possibilities, presentation timing.
  • MS Word: setting of user’s environment, direct text formatting, work with styles and templates, work with tables, inserting diagrams and other objects into file, lists and content generating, automation of files.
  • MS Excel: setting of user’s environment, possibility of cell formatting, format vs. value, absolute and relative addressing, inserting graphs, functions and other objects, work with data, calculations and possibility of using functions.

Psychology

Course Title
Psychology
Degree Programme Economics and Management
ECTS credits
3
Terms
Maximum number of students 25
Objectives and content: The main aim of this subject is to acquaint the students with the basic terms in psychology. The attention is given to the trend of psychology, the problems of personality, its substructures and factors influencing its development. The aim of the subject is also a practical application of acquired knowledge (performance and performance motivation, the operating of a work group or a team etc.).
  • Basic terms and trends of psychology: Basic terms of general psychology, a survey of basic psychological disciplines (psychoanalysis, behaviorism, humanistic psychology).
  • Personality: Characteristics of a personality, factors influencing the development of a personality (internal, external and self-determining), substructures of a personality, temperament, character, motivation and abilities.
  • Performance and performance motivation: Factors influencing performance, motivation, stimulation.
  • Motivation of human behavior: General theories of motivating human behavior and specific theories of work manners.
  • Basic terms of social psychology: Social group, work group and work team, social role and position, social norms, communication.
Seminar Paper (4 ECTS):
  • Theory of Personality, Personality (manager, applicants)
  • Conflicts
  • Frustration and deprivation
  • Stress
  • Motivation and stimulation
  • Media and their influence on people
  • Communication (verbal, non-verbal, social)

Public Relations

Course Title
Public Relations
Degree Programme Economics and Management
ECTS credits
3
Terms
Maximum number of students 25
Objectives and content: The subject introduces the history of public relations in context of general development of marketing communications. The way of communication aimed on the understanding of public, on positive perception and message receiving. Public relations is introduced as a part of marketing mixture and a part of social analysis of trends and expected effects.
  • Mission of public relations
  • Process
  • Strategy
  • Tactics
  • Applications
  • Case studies

Sociology of Management

Course Title
Sociology of Management
Degree Programme Economics and Management
ECTS credits
3
Terms
Maximum number of students 25
Objectives and content: The main goal of this subject is to acquaint  the students with the basic relations of the sociology of management, interfacing information from  sociology, psychology and other branches /or example human resources. The communication within the firm, the system of human resources management and the culture of organization together with all its consequences will be emphasized.
  • Communication and interaction: Kinds, forms and means of communication.
  • Organization: Sociology of enterprise, social system of organization, work and teams.          
  • System of work with people inside a company: selection of employees, adaptation, education and work career.
  • Culture of organization: Strong and weak culture of organization, change of organization of culture, enterprise identity and image, company and national culture, intercultural management.
  • Work and profession: changes of work and work routines in connection with the accent on flexibility.
  • Society: culture, vertical differentiation and social mobility.
Seminar Paper (4 ECTS):
  • Working group, working team (international)
  • Organization culture of the Czech / international company
  • Work
  • Media
  • Social differenciation, power, prestige, wealth, authority
  • Morals, values, conscience
  • Succesfull prezentation
  • Organization and communication
  • Mobbing, bossing and other negative social phenomenon
  • Dependencies - current phenomenon

Taxes and Tax Systems

Course Title
Taxes and Tax Systems
Degree Programme Economics and Management
ECTS credits
3
Terms
Maximum number of students 15
Objectives and content: The aim of the subject is to provide students with theoretical economic background for understanding and consideration of various tax systems. Moreover students will obtain information on mutual interrelations between current political and tax systems.  As a part of it students will be able to evaluate impact of taxation on economy and society in developed countries. The subject covers all basic problems of tax theory (tax efficiency, equity, incidence, stimulation and stabilization function of taxes) and tax policy in developed countries (OECD members). The course also pays attention to current issues of tax coordination and harmonization.

Course outline:

  • History of tax theories
  • Introduction to taxation
  • Tax shift and incidence on competitive markets in monopoly environment
  • Taxation and equity
  • Macroeconomic consequences of taxation
  • Taxation in different countries 
Learning outcomes: Students will be able to analyze impacts of various changes in tax system from the point of view of fairness and effectiveness. They acquire general overview on the functionality of tax systems within EU.
Time allocation:
  • Participation in lectures             26 hrs
  • Self-education                          26 hrs
  • Elaboration of seminar paper     104 hrs
  • Preparation to exam                  26 hrs
  • Total:                                     182 hrs
Literature:
  • Bridget J. Crawford, Anthony C. Infanti: Critical Tax Theory: An Introduction. Cambridge University Press, 2009. ISBN 978-0-521-51136-0
Seminar paper (4 ECTS): A student will work out a case study on a selected topic, which will be assessed by a lecturer. Seminar paper topics are listed below:

  • Selected international aspects of social insurance
  • Concept of equal tax. Its benefits and disadvantages.
  • Raising VAT to 20% and its impact on customer  preferences and demand.
  • Description of newly designed pension scheme in Czech Republic. Evaluation of its economic and social consequences.
  • Evaluation of viability of raising corporate tax as well as introduction of progressive taxation of wealthy people.
  • Imposing 26% tax on photovoltaic electricity and its political and legal consequences.

 
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