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Fundamentals of Applied Economics

Major: Economics
Code of Subject: 7.051.04.E.56
Credits: 4
Department: Foreign Trade and Customs
Lecturer: PhD in Economics, Associate Professor Rostyslav Bala
Semester: 1 семестр
Mode of Study: денна
Learning outcomes:
• thorough knowledge of theoretical and methodological as well as methodical and applied frameworks of applied economics;
• thorough knowledge of an enterprise economic system and the normative legal framework of the company economic activity;
• thorough knowledge of basics of accounting, controlling, auditing, and managerial accounting at an enterprise;
• skills for doing economic analysis of enterprise activities with the use of a wide range of economic analytical instruments;
• skills for managing innovation processes and risks in various spheres of enterprise functioning;
• skills for qualitative and quantitative assessment of the influence of a macroeconomic environment on an enterprise economic system.
Required prior and related subjects:
prerequisites:
• Economic analysis
• Economic theory
• Enterprise economics and finance

co-requisites:
• Economics of enterprises of industry, construction and transport
Summary of the subject:
Basic principles of applied economics. Legal support of economic activities of enterprises. Enterprise property and sources of its formation. General accounting principles in applied economics. Financial statements and business processes in applied economics. Accounting records and organizational support of accounting in applied economics. Controlling and management accounting in applied economics. General audit principles in applied economics. Internal audit. Audit technology. Foundations of economic analysis of enterprises’ activities. Methodology of economic analysis. Applied aspects of enterprise’s innovation management. Development and economic security of enterprise. Risks in applied economics. The impact of macroeconomic environment on the economic system of enterprise. Market infrastructure, banking system and insurance as elements of macroeconomic environment of enterprise. Monetary, currency, tax and budgetary system as elements of macroeconomic environment of enterprise. Inflation, employment, unemployment and macroeconomic indicators of state.
Recommended Books:
1. Ekonomika pidpryyemstva: [pidruchnyk] / Za red. A. V. Shehdy. – K.: Znannya, 2006. – 614 s.
2. Zahorodniy A.H. Bukhhalterskyy oblik. Osnovy teoriyi ta praktyky: [pidruchnyk] / A.H. Zahorordniy, H.O. Partyn, L.M. Pylypenko, T.I. Partyn. – 3-tye vyd., dooprats. i dop. – Lviv: Vydavnytstvo Lvivskoyi politekhniky, 2012. – 340 s.
3. Upravlinskyy oblik: [pidruchnyk] / H.O. Partyn, A.H. Zahorodniy, T.I. Svidryk [ta in.]; Ministerstvo osvity i nauky Ukrayiny, Natsionalnyy universytet «Lvivska politekhnika». – Lviv: Vydavnytstvo Lvivskoyi politekhniky, 2013. – 279 s.
Assessment methods and criteria:
• current control (20%): verbal examination, written assignments, laboratory works
• examination control (80%): written (60%) and verbal (20%) component