Fourth semester - Zagreb School of Economics and Management

Fourth semester

This course covers basic macroeconomic theory, and covers the following key concepts: Macroeconomic variables and relations between them, Goods and services marked, the financial market, and the labor market, Aggregate supply and demand, the open economy – international trade, exchange rates, balance of payments, interest rate parity, and the influence of expectations on macroeconomic aggregates. These theoretical concepts will be applied through case studies pertaining everyday economic life in Croatia and abroad, and students will engage in discussions on recent local and global macroeconomic developments. This course completes the series four basic economic courses which students must take in their first two years in the undergraduate program.

The goal of this course is to introduce students to concepts that will help them understand how the state influences business and the overall economy. Topics covered in this course include: public goods, economic function of the government, economic reasons which justify and explain state intervention in the economic sector, and the main effects of fiscal policy.Students will also become familiar with the process of state budget creation, the distinction between government revenues and expenditures, and they will gain understanding in procedures for financing of government budget and public debt. After taking this course, students will understand the principles of public finance, and will be able to analyze the interaction of fiscal policies with the private sector.

The goal of the Financial Accounting course is to introduce students to the principles of applying international accounting standards. Course participants will learn how to use a Chart of Accounts and will learn to apply bookkeeping techniques, which a crucial skill in one wants to understand how to run a company or any other organization. Students will also learn how to create financial reports such as the balance sheet, profit and loss statements, cash flow reports, and reports on changes in equity. During lectures and exercises, students will solve a large number of assignments and case studies that are applicable to real business situations. By actively participating in classes and solving group and individual assignments, student will develop their business decision making skills based on external financial reports.

This course will primarily focus on written business correspondence, but will also cover several aspects of oral business communication. Fundamental to any communication course and especially to business communication is the idea that writers/speakers need to know how to adapt to the rhetorical context, which includes audience, subject, purpose, and media. In this course you will practice exercising critical reading, thinking, and writing skills such as: choosing the appropriate tone and outlook for business correspondence, articulating clear, concise, and successful business messages, adjusting your writing to multiple audiences, purposes, and conventions.

The goal of this course is to introduce the students with basic notions and principles of corporate law and governance and both economic and legal relationships that corporations establish on the market. A solid understanding of law is crucial for understanding market relations and the modern economy. Therefore, the knowledge provided through this course is completely applicable to business practice.The course integrates two legal disciplines: corporate law and commercial contracts law. In the segment of corporate law, students learn about procedures of founding, organizing and managing corporations and other commercial entities. In the segment of commercial contracts law, students learn basic legal and economic relationships established by entrepreneurs on the market.

Outcomes - an individual is to:
• select a company /institution/organization whose business activity is compatible with the study program
• research relevant data for a selected business entity (company)
• describe job and work tasks that have been performed
• apply previously acquired theoretical and professional knowledge in solving specific work tasks with an emphasis on the application of analytical tools in business practice
• synchronize knowledge and skills with the types and ways of doing work tasks
• develop a positive attitude towards the rules of conduct of the employer, the employees (team work), the rules of safety and safety at work, instructions and recommendations of mentors and other authorized persons.
• demonstrate, through the conduct of professional practice, a high level of personal and professional accountability

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