STUDY PROGRAM - Interational Business (held in english language)

Expected learning outcomes
Upon completion of the course, the student will be able to:
1. Describe, explain, and integrate fundamental objectives, concepts and relationships that underpin both internal and external financial reports;
2. Record business transactions, “read” the financial statements of companies and understand information that is being conveyed.

Course content
Accounting and its role in modern business; Systems and methods of accounting, financial statements, assets, liabilities and equity; Balance changes, accounting equation; Bookkeeping and business books; Adjusting entries and accounting policy choices; Accounting treatment of inventory; Accounting treatment of receivables and payables; Accounting treatment of tangible and intangible assets, natural resources and cultural heritage; Accounting treatment of non-current financial assets; Accounting for purchases and sales of merchandise; Completion of accounting cycle; Measuring business income; Analysis and interpretation of financial statements; Costs and production.

Expected learning outcomes

After completing the course content, students will be able to:
- Outcome 1: explain the role of analysis and planning in the company and distinguish the types and methods of planning and analysis
- Outcome 2: analyze individual phenomena in enterprises’ performance and their interrelationship
- Outcome 3: calculate indicators, comment the financial situation of the enterprise and assess creditworthiness

Course content
Outcome 1:
1. Introduction to the analysis: Contemporary and holistic approach to the company and the environment-business decision making, rationality, risks, normal.
3. Methods of analysis - basic and special.
4. Absolute and relative numbers; Indicators and indicator systems.
5. Analysis and planning by individual functions; Examples of operational planning and budgeting.
Outcome 2:
6. Business result analysis: Analysis of the amount of effects and income – sales and assortment.
7. Analysis of the volume and structure of costs.
8. Financial result analysis- income and loss
9. Analysis of the number and structure of employees and their efficiency
10. Analysis of fixed assets and capacity.
11. Analysis of current assets, turnover coefficient
Outcome 3:
12. Financial situation analysis: External and internal information.
13. Capital market and indicators of financial institutions.
14. Static and dynamic liquidity analysis.
15. Analysis of compliance of funds and sources. Stability and debt ratios.
16. Efficiency and profitability analysis - Du Pont system. Credit rating.

Expected learning outcomes
Upon completion of the course, the student will upgrade his/her language competence from B1.1 to B1.2 according to the European language framework.
Listening: The student will be able to understand the main ideas expressed within longer speeches and lectures and relate to business concepts dealt within classes
Reading and writing: The student will be able to understand newspaper articles dealing with economic issues, draw his/ her own conclusions, keep notes, write his/her CV/resume and application letter.
Speaking: The student will be able to structure a simple oral presentation on a previously given topic, on his/her own or as a member of a team. The student will be able to express his/her opinions and take part in simple discussions on known general business situations.

Course content
Developing and upgrading language competence at intermediate level through presentation and acquisition of fundamental language structures, analyses of common mistakes, grammatical structures and vocabulary needed in business-related situations (morphology, syntax and semantics).
Processing and acquisition of fundamental concepts and upgrading language competences within the following thematic units: Organizational structure. Presentation and description of organizational structures. Recruitment. CV/resume and application letter. Job interviews. Retailing. Franchising. Branding. International business and cultural differences. Business and the environment. Banking. Active tenses for expressing the present. Active tenses for expressing the past. Active tenses for expressing the future. The passive.

Expected learning outcomes
Upon completion of the course, the student will upgrade his/her language competence from intermediate to upper-intermediate in all language skills (B1.2 to B2.1 according to the European language framework).
Listening: The student will be able to understand the ideas expressed within longer speeches and lectures and relate to business concepts dealt within classes.
Reading and writing: The student will be able to understand simple professional business and economics texts addressing topics dealt during classes, draw his/her own conclusions and keep notes and paraphrase and in writing summarize certain text segments.
Speaking: The student will be able to structure a simple oral presentation on a given topic, on his/her own or as a member of a team. The student will be able to express his/her opinions and take part in simple discussions on known general and business situations.

Course content
Developing and upgrading language competence at intermediate level through further presentation and acquisition of fundamental language structures, analyses of common mistakes, grammatical structures and vocabulary needed in business-related situations (morphology, syntax and semantics).
Acquisition of key business terminology and concepts through the analysis of authentic texts and materials within the following thematic units: International trade – import and export. Outsourcing. Types of business organizations (business entities). Market trends. The stock market. Entrepreneurship. Business plan. Business performance- annual report and financial statements. Mergers and acquisitions. Marketing. Advertising. Promotional tools. Phrasal verbs. Conditional sentences. Direct and indirect speech.

Expected learning outcomes
Upon completion of the course, the student will upgrade his/her language competence at upper-intermediate level (B2.1 to B2.2 according to the European language framework).
Listening: The student will be able to understand longer speeches on concrete and abstract topics
Speaking: The student will be able to express himself/herself in formal business situations and understand non-standardized informal language in an international business environment. The student will be able to produce a clear description of complex facts by combining them into a thematic whole, develop thoughts and rounding off the presentation with an appropriate conclusion, express himself/herself spontaneously and fluently in social and business situations, and spontaneous engaging in the discussion with other speakers.
Reading: The student will be able to understand longer and more complex authentic texts and spot stylistic differences, including professional articles and more complex business correspondence.
Writing: The student will be able to produce clear, well-structured text and explain his/her viewpoint on complex issues in letter, essay or report.

Course content
Developing and upgrading language competence at upper-intermediate level and acquiring key business terminology and concepts within the following thematic units: Management, Management and cultural diversity, Motivation, Maslow’s hierarchy of needs, Labour relations, Trade unions and their role, Efficiency and employment, The role of government in the economy, Central banking, taxation, Accounting and financial reporting, Exchange rates, The business cycle, government intervention in business cycles. Word formation, relative clauses and inversion.

Expected learning outcomes
Upon completion of the course, the student will upgrade his/her language competence from upper-intermediate to advanced level (B2.2 to C1.1 according to the European language framework).
Listening: The student will be able to understand longer and more demanding speeches on concrete and abstract topics, even when the speech is not clearly structured.
Speaking: The student will be able to produce a clear description of complex facts by combining them into a thematic whole, develop thoughts and round them up with an appropriate conclusion, express himself/herself spontaneously and fluently in social and business situations without apparent difficulty and by using clear and well-structured sentences relating to complex topics.
Reading: The student will be able to understand longer and more complex authentic texts and spot stylistic differences, understand specialized articles and more complex business correspondence.
Writing: The student will be able to express himself/herself in a clear, well-structured and stylistically appropriate text and give his /her viewpoint on complex issues in letter, essay or report.

Course content
Developing and upgrading language competence at upper-intermediate level and acquiring key business terminology and concepts within the following thematic units: Career development, Business ethics, Business practice, Business risk, SWOT analysis, PEST analysis, Teamwork. Discussing factors for success and problem-solving. Talking about training and learning. Leadership. Business meetings (key expresssions). Telephoning. Brainstorming. Managing the discussion. Collocations.

Expected learning outcomes
Upon completion of the course, the student will be able to:
1. Explain and differentiate the basic principles of ethical theories
2. Assess the role and the importance of moral rules in economic activities

Course content
1. Introduction: crossroad between economics, normative and business ethics. The ethics of the course: students’ rights and obligations.
2. Ethics and economics: different norms of action. Case study: Chevy Malibu.
3. Ethical norms and their application: consequentialism and utilitarianism.
4. Aspects and limits of consequentialism and utilitarianism
5. Social contract theory
6. Ethical norms and their application: deontology and rule utilitarianism. Trolley problem
7. The life of utilitarians: is there an end to instrumental rationality? Main ethical theories and their application in the business world.
8. Case study: Merck and a cure for river blindness
9. Ethics in the business organization and business environment: goals of the business organization and ethical principles and ethical actions. Case studies: (un)ethical corporate operations - are there solutions? Do means justify the ends?
10. Corporate social responsibility. Case studies: corporate social (ir)responsibility - are there solutions? Do means justify the ends?
11. Moral agency and moral responsibility: from “moral hazard” and “agency” to “stakeholder” theory. Market imperfections and ethical responsibility
12. Are all the goods for sale? The value of life
13. Ethics and allocation of goods: distributive justice and the welfare state. Consumerism and morality of modern humans
14. Ethics and allocation of goods: distributive justice and the welfare state II. Health priorities: an experimental approach to distributive justice (research and interpretation)
15. Morality and ethics in academic and social life

Expected learning outcomes
Upon completion of the course, the student will be able to:
-identify the basic features of logistics and logistics systems,
-analyse and plan logistics processes in business.

Course content
The Concept and Development of Logistics, Fundamentals of Business Logistics, Logistics Strategy, Logistics and Supply Chains, Organization of Logistics in the Company, Basic Structures of Logistics Systems, Cost Conflicts in Logistics System, Logistics Services, Logistics Subsystems of a Company, Orders, Inventory, Warehousing, Packaging, Transport Systems.

Expected learning outcomes
Upon completion of the course, the student will be able to:
- to explain basic models, concepts and principles in the field of commercial law
- to identify and distinguish institutes of commercial law
- to apply the institutes of commercial law in making business decisions

Course content
A. Theory of law and state; 1. The notion of law and state, 2. State functions, 3. Legislative power, 4. Judicial power, 5. Executive power, 6. Elements of the state (sovereignty, territory, population), 7. Form of government, 8. State organization, 9. State bodies, 10. Legal norm and its elements, 11. Validity of a legal norm, 12. Types of legal norms, 13. Legal sources, 14. Law interpretation, 15. Legal system, 16. Legal entities (legal and natural persons), 17. Legal capacity, 18. Representation (proxy), 19. Legal relation, 20. Legal act, 21. Elements of a legal act, 22. Types of legal acts, 23. Validity of legal acts; B. Company law; 1. Company law entities, 2. Business name (firm), 3. Subject of business operations, 4. Registered office, 5. Branch, 6. Liability for company obligations, 7. Unlimited partnership, 8. Limited partnership, 9. Joint stock corporation, 10. Limited liability company, 11. Economic interest grouping; C. Commercial contractual law; 1. The notion and types of contracts, 2. Conclusion of contracts, 3. Modifications of contracts, 4. Effects of contracts, 5. Termination of contracts, 6. Liability for damages, 7. Sale contract, 8. Mediation contract, 9. Commercial representation contract (agency), 10. Commission contract, 11. Forwarding contract, 12. Storage contract, 13. Building contract, 14. Credit contract, 15. Package travel arrangement contract, 16. Allotment contract.

Expected learning outcomes
Upon completion of the course, the student will be able to:
- Demonstrate and understand basic financial concepts and concepts of capital budgeting
- Evaluate financial investments and assess the cost of their financing
- Apply financial analysis and working capital management, demonstrate understanding of the first and second postulate of portfolio theory, capital structure and dividend policy, and apply the acquired knowledge to choose among various funding sources.

Course content
- Introduction to corporate finance – basic categories, financial flow, interest groups, types of financial policies, introduction to the basic tax paradigm of business finance
- Basic financial concepts of time value of money
- Relationship between economic and cash flow categories
- Long-term financial decisions on investing in real investments
- Bond evaluation – yield to maturity
- Share evaluation – yield to maturity
- Cost of bond and share financing
- Financial analysis.
- Working capital management.
- The fundamental concept of financial risk.
- Capital structure decisions
- Dividend policies.
- Financial leverage.
- Rules of financing
- Types and sources of financing given the maturity.

Content:
Financial system model (functions, elements, direct/indirect financing)
• Concept, functions and types of financial markets (primary and secondary, short-term and long-term)
• Capital Market (Participants, Institutions)
• Long-term securities (stocks and bonds: characteristics and types)
• Financial institutions (deposit and non-deposit financial institutions)
• Deposit financial institutions - business banks, savings banks, credit unions and other (types, characteristics)
• Non-deposit financial institutions - investment funds, pension funds, insurance companies (types, development, characteristics)
• Croatian financial system (development, structure and characteristics)
• Institutional investors in the Croatian financial system (pension funds, investment funds, insurance companies)
• Institutions of supervision and regulation in the Croatian financial system (HANFA, CNB)
•Ethics in finance (Financial crises 2017/2018, Code of Ethics and Standards of Professional Conducts, CFA)

Learning outcomes:
Upon completion of the course, the student will be able to:
Define the features and basic elements of the financial system
Describe the characteristics of deposit and non-deposit financial institutions
Analyze the basic characteristics of the Croatian financial system

Expected learning outcomes
After passing the course, the student will be able to:
- explain the concept of entrepreneurship and the entrepreneurial venture,
- analyze the entrepreneurial concept and business methods,
- critically analyze role of entrepreneurship in the development of the economy.

Course content
Determinants of entrepreneurship and the concept of enterprise. Models of entrepreneurship. Characteristics of entrepreneurs. The importance of entrepreneurship in the domestic economy. Characteristics of business start-ups. Entrepreneurial success factors. Conditions for establishing a business and the business environment. Basics of risk management. Development of business ideas. A mechanistic approach to entrepreneurship. Entrepreneurial concepts, operational assets and financial framework. Valuation of business infrastructure. Value calculation of products and services. Basic cost issues in entrepreneurship. Economic and social outcomes of an entrepreneurial venture. Stakeholders of the entrepreneurial process.

Expected learning outcomes
Upon completion of the course, the student will be able to:
- Define, Describe and Explain the fundamentals of Business Informatics and Business Information Systems, Hardware and Internet.
- Define, Describe, Explain and Use the essential functionalities and features of Windows, Word, Excel, Access and PowerPoint.
- Define, Explain and Apply the features and concept of lifeware, software and hardware in business informatics.
- Use applications, models, tools and functions in business informatics and Solve tasks and simple problems in spreadsheet interface.

Course content
- introduction to the terms (business) Informatics and information technology
- information systems - basic terms and concepts.
- information system and business system
- business modeling in the Excel spreadsheet interface
- lifeware. Users and professional IT professionals. IT professions, CIO today and throughout history
- computer systems. Computer hardware. Internet, telecommunications, computer networks,
mobile computing
- system and development software
- application software and business applications
- innovative information systems. Computer products and IT solutions
- analytical modeling in the spreadsheet interface. Analytical models in business
- diagrams in computer modeling and programming. Block diagrams, logic circuit diagrams,
entity-relationship diagram
object-relationship, object diagram Relational data models and object-oriented database.
- Visual Basic for Applications (VBA) in business programming in Excel
- introduction to the concepts of digital technology and digital transformation
- basic knowledge of primary and secondary digital technologies

Expected learning outcomes
Upon completion of the course the students will:
- Be able explain the concepts and the structure of the banking industry
- Understand banking operations and the role of the bank in the economy
- Be able to understand and analyse banking products and business

Course content
1. Introduction, concept, importance and functions of banks. Banking activities
2. Banking history and banking systems around the world
3. Retail lending, Amortization plan of credit repayment; Current, gyro and foreign currency account
4. Creditworthiness analysis
5. Payments system in EU; Clearing ways of payment
6. Payment instruments in the payment system, Insurance instruments; Calculation of reserve requirements
7. Micro and Macro-multiplication process of credits and deposits
8. Financial leverage and the calculation of the market value of bonds
9. Profitability indicators of a bank
10. Trends in modern banking and finance, insurance system
11. Formation of funding sources, functions of banking capital and Regulation
12. Placement of bank’s funds (Credit placements, Non-credit placements), Neutral banking activities
13. Assignment of placements into risk categories and reservations formation
14. Liquidity management, Optimal structure of sources of funds, Optimal structure of securities portfolio
15. Banking secret, internal control

Expected learning outcomes
Upon completion of the course, the student will:
1. Receive theoretical and applied knowledge about managing and business organization in international environment.
2. Gain skills and knowledge about international business techniques and organization.
3. Meet with tools and contemporary techniques that can be successfully applied in international business

Course content
1) Theoretical framework of international business
2) International business context
3) Motives, objectives and strategies of international business
4) Organization of international business
5) Participants in international business
6) Customs, rules and terminology in international business. Types and activities of international business
7) Operational part of international business
8) Calculations in international business
9) Business documentation
10) International business agreements and their importance
11) Risk insurance in international business
12) Business in foreign currency and payment instruments in international business
13) Credit approvals in international business
14) Bank guarantee
15) Realization techniques of particular tasks in international business

Expected learning outcomes
After passing the course, the student will be able to:
- Assess and determine the motivation of countries to engage in international trade and financial flows.
- Assess the purpose and consequences of the imposition/removal of foreign trade restrictions on free trade
- Assess the importance of the exchange rate to the national economy and predict the impact of exchange rate changes on macroeconomic variables
- Identify the basic elements of the balance of payments

Course content
The course contains the following thematic units:
- International trade - basic indicators
- Theories of international trade - From mercantilists to Ricardo
- Theories of International Trade II - from Richard to Heckscher-Ohlin theory
- Theories of International Trade III - Post H-O Theories
- The position of small open economies in world trade
- Theory of foreign trade policy
- Foreign trade policy instruments - customs barriers
- Foreign trade policy instruments II: non-tariff barriers - quotas, SAA, TBT
- Foreign trade policy instruments III: other non-tariff barriers
- Exchange rate - basic elements
- Exchange rate and financial market
- Review of foreign exchange regimes
- Basic elements of the balance of payments
- Balance of payments approaches
- Balance of payments of countries: a comparative analysis

Expected learning outcomes
Upon completion of the course, the student will be able to:
- Explain what human resource management function is and how it relates to the management system
- Learn all HRM functions, what they are, how they work and how to use them in practice

Course content
The content of the course includes:
Social and institutional conditions for human resource development:
- Population policy and labor policy
- Investment in the formation of quality human resources
- Labor market conditions and employment policies
- Collective bargaining
Management and development of human resources in business and public administration:
- Concept and meaning of the human resources function: content and sub-functions.
- Organization of the human resources function
- job analysis
- personnel planning
- Methods and techniques of planning the number and structure of employees
- Recruitment of an applicant for employment
- selection
- Introduction to the company
- Employee training
- Evaluation of employee performance
- Reward and motivation

Expected learning outcomes
Upon successful completion of the course, students will be able to:
1. Analyze and explain macroeconomic equilibrium in the short run.
(Define basic macroeconomic variables, explain the equilibrium of goods and financial markets and the simultaneous equilibrium of goods and financial markets, interpret the effects of fiscal and monetary policy and policy mix on macroeconomic equilibrium using the IS -LM model in a closed economy).
2. Analyze and evaluate macroeconomic equilibrium in the medium term.
(Explain the mechanisms of wage and price formation in the labor market and the natural rate of unemployment, describe and interpret the AS -AD model and the balance in the short and medium run equilibrium, explain and distinguish the original and modified Phillips curve, explain the role and influence of expectations on personal consumption, investment, GDP, and economic policy, define and explain macroeconomic disturbances such as the effects of deflation and liquidity trap in times of depression and recession).
3. Analyze and present macroeconomic equilibrium in the long run.
(Explain the facts of economic growth and the impact of the savings rate on capital accumulation and domestic product, interpret the model of long-run growth without technological progress, explain the role of technological progress as a source of growth, and interpret the impact of technological progress in the short, medium, and long run.
4. Evaluate the openness of the goods market and financial market and evaluate the IS -LM model in the open economy.
(Explain the difference between the nominal and real exchange rates, explain the characteristics of the goods and financial markets in an open economy conditions, interpret the effects of depreciation on the net exports, external balance and domestic product, and interpret and apply the IS -LM model to explain the effects of fiscal and monetary policy in an open economy.)

Course content
- Introduction to Macroeconomics
- Equilibrium output (composition of GDP, consumption and saving function)
- Determination of equilibrium output using algebra and graphical approach
- Financial markets (money and money market – money supply and demand, money supply components,
determinants of interest rate, monetary policy and open market operations, monetary multiplier)
- IS-LM model (equilibrium on the goods market, shifts of the IS curve, equilibrium on the financial
markets, shifts of the LM curve, IS and LM relations together, analysis of fiscal and monetary policy by
using the IS-LM model)
- The labour market (labour force, wage and price determination, natural rate of unemployment)
- AS-AD model (aggregate demand: structure, influencing factors, AD curve; aggregate supply:
determinants, AS curve, macroeconomic equilibrium in the short and medium run, effects of monetary
expansion and fiscal contraction in the short and medium run, equilibrium in the short and medium
run)
- The Phillips curve (modified Phillips curve, short and long term Phillips curve).
- Economic growth (problems, empirics, sources of growth). Savings, Capital Accumulation and Output.
Savings and consumption in the long run.
- Technological progress and economic growth. Technological progress: short, medium and long run.
- Expectations (basic tools; expectations, consumption and investments)
- Expectations, GDP and economic policy.
- The open economy (openess of goods and financial markets; IS-LM in the open economy; analysis of
monetary and fiscal policy in the open economy).
- The open economy (domestic products, interest rate and exchange rate).
- Macroeconomic disruptions (depressions and slumps)

Expected learning outcomes
Upon completion of the course, the student will be able to:
• Correctly interpret characteristics of basic managerial skills, tools, techniques and concepts (ILO1);
• Correctly interpret characteristics of managerial functions (ILO2);
• Critically evaluate and solve real-world business problems on the premises of the systematic theoretical framework (ILO3).

Course content
Management: science, theory, and practice
Evolution of management thought: conventional approaches to management
Modern managerial concepts, methods and approaches
Management and society: external environment
Social responsibility and ethics
Global comparative management
Essentials of planning and business strategy
The nature of organizing, organization structure
Human resource, change and conflict management
Motivation
Leadership
System and process of controlling
Managerial decision-making

Expected learning outcomes
Upon completion of the course, the student will be able:
1. to analyse influences from marketing environment
2. to identify and present specifics of market research plan
3. to identify characteristics of different marketing mix elements (product, price, distribution and promotion)

Course content
Marketing Eras and Marketing Concept. Market discrepancies and market functions. Value exchange. Changes in macro marketing-environment. Strengths resulting from micro-marketing environment. Analysis, coordination and control of market activities. Market research and marketing information system. Segmentation, positioning and ethics in marketing. Consumer behaviour as a prerequisite of creating and exchanging value. Business-to-business market specifics and behaviour. Creating value: product value and utility, product elements. Creating value: New product development and product life cycle. Price, influences on price and price determination methods. Importance of distribution in value delivery: distributors and distribution channels. Integrated marketing communication – promotion, elements of promotional mix. Implementation of marketing knowledge and skills.

Expected learning outcomes
After passing the exam, students will be able to:
- Analyse the functions of one variable and apply the methods of mathematical analysis
- Apply methods and rules of linear algebra in solving systems of linear equations with unknowns.
- Define and explain the basic concepts of mathematical analysis and linear algebra.

Course content
SETS AND SETS OF NUMBERS,
- FUNCTIONS: function definition, function domain,, function types, function composition, inverse function. Real functions: elementary functions, limits of function, continuity of function.
- DIFFERENTIAL CALCULUS: Problem of tangent and velocity, definition of derivation, derivation of elementary functions, derivation rules, differential function. Basic theorems of differential calculus, L'Hospital's rule, application of derivations to function flow examination, extremes of a function.
- INTEGRAL CALCULUS A definite integral. Darboux sums, mean value theorem. Indefinite integral and relation to derivation. Primitive function. Tabular integrals and integration rules. Substitution and integration by parts method.
- MATRIX ALGEBRA: matrix concept, matrix classification, arithmetic operations with matrices, vector space, inverse matrix, matrix rank, system of linear equations, Gauss - Jordan method, application of Gauss - Jordan method to inverse matrix calculation, quadratic matrix determinants, determinant properties, application of determinants to the calculation of the inverse matrix, Cramer's system of linear equations, inverse matrix, Gaussian elimination method, matrix rank, solving matrix equations, application of matrix calculus in economy.

Expected learning outcomes
After passing the exam, students will be able to do the following:
• Model and solve different economic problems using differential calculus and matrix algebra,
• Apply the appropriate methods and models of interest accounts in financial analysis,
• Define, explain and connect theoretical concepts presented in the course.

Course content
Functions of multiple variables. Homogeneity of the function of several variables in general and on the example of economic function. Partial derivatives of function. Total differential. Coefficient of elasticity of the function of one and more variables. Optimization of economic function with one variable. Optimization of the function of two variables without constraints and application to economic functions. Optimization of the function of two variables with constraint in the form of equality and application to economic functions. Introduction to dynamic analysis. Differential equations. Economic applications.
Simple interest account and some applications. Basic concepts. Exchange account. Consumer credit. Compound interest account. Nominal, relative and conformal interest rates and their use. Final and initial value of prenumerando and postnumerando payments. Eternal rent. Continuous interest. Loan repayment models.

Expected learning outcomes
Upon completion of the course (45L + 45E), the student will be able to:
1. define basic microeconomic concepts, processes and laws, rules and exceptions in the supply and demand market and apply basic mathematical and graphical tools necessary for analysis, understanding and solving simple microeconomic issues and problems in the field of theories of consumer behaviour based on subjective norms, attitudes and intentions
2. using simple mathematical and graphical tools, identify and interpret the functionality of the relationship between inputs and outputs of the production process, economically relevant production zone of short and long run, the balance of firms in the production of one or more products, and other phenomena in the field of production theories, as well as a mirror relationship between production and cost, along with a number of other laws from the domain of cost theories
3. analyse complex microeconomic categories and phenomena and apply complex microeconomic reasoning in the decision-making process of individual economic entities in the output market and factors market, as well as apply complex mathematical and graphical tools needed to analyse, understand and solve complex microeconomic issues and problems in perfect and imperfect market structures

Course content
INTENDED LEARNING OUTCOME (1)
1. Introduction: Microeconomics as a scientific discipline
2. Supply and demand: laws, functions (Cournot), elasticity
3. Theories of consumer behaviour: the theory of marginal utility (Gossen's laws)
4. Theories of consumer behaviour: the theory of indifference (Edgeworth and Pareto)
5. Theories of consumer behaviour: the theory of revealed preference (Samuelson)
INTENDED LEARNING OUTCOME (2)
6. Theory of production: production in a short run (Tourgot)
7. Theory of production: production in the long run
8. Theory of production: the balance of firms in the production of multiple products
9. Cost theory: short run production costs
10. Cost theory: long run production costs
INTENDED LEARNING OUTCOME (3)
11. Classification of market structures in the output market and the factors market
12. Perfect competition
13. Monopoly
14. Monopolistic competition
15. Oligopoly

Expected learning outcomes
Upon passing the exam, students will be able to:
- synthesize the knowledge from applied macroeconomics to the paradigm of national (Croatian) economy;
- apply the categorical system of the scientific discipline
- apply basic methods of analysis of economic development
- critically analyze the national economic structure, economic system and economic policy

Course content
- The concept and basic characteristics of economics;
- National and international classifications of activities;
- Structure of the Croatian economy according to the National Classification of activities;
- Human factors of production and development: population and labor force;
- Social or national wealth: natural resources and productive capital,
- Decomposition and aggregate use of gross domestic product;
- Investment;
- Measurement and indicators of economic development of the national economy;
- Analysis of economic development of Croatia;
- Use of dynamic coefficients in the analysis of economic development of the national economy;
- Fundamentals of economic policy: objectives, holders, instruments, types
- Fiscal policy;
- Monetary policy;
- Economic stability and components of economic stability;
- Analysis and policy of the development of primary, processing and service activities (agriculture, industry, trade, transport and tourism).

Expected learning outcomes
After passing the exam, the student will be able to:
- adopt basic organization concepts and identify and describe the basic elements of the organization,
- logically define the interdependency of factors and rationalize how changes in factors affect the organizational elements,
- argument gains and losses in efficiency as a result of specific organizational change or action and their impact on broader aspects of business.

Course content
1. Introduction: Why study organizations?
2. Organizational stakeholders and organizational effectiveness (Ch1)
3. Organization theory development
4. Basic challenges of organizational design (Ch2)
5. Designing organizational structure: authority and control (Ch3)
6. Specialization and coordination (Ch4)
7. Basic models of organizational structures (Ch4)
8. Organizational culture and ethics
9. Organizational environment
10. Organizational strategy and structure
11. Organizational design and technology
12. Organizational life cycle
13. Decision making and organizational learning
14. Managing innovation and change
15. Organizational conflict, power and politics

Expected learning outcomes
After passing the course, the student will be able to:
- Know the basic economic categorical apparatus;
- Understand the functioning of economic systems;
- Be able to apply the basic economic categories and their relationships to solve simple problems in the functioning of economic systems;
- Be able to recognize and understand the benefits of applying the principle of ethics in the functioning of economic systems.

Course content
- Market - State;
- Laws of supply and demand;
- Elasticity of supply and demand;
- Marginal utility and the law of diminishing marginal utility;
- Theory of production and marginal product; The law of diminishing returns; Returns on scale;
- Cost theory: total cost, fixed cost, variable cost, marginal cost, average cost;
- Market structures: Perfect competition;
- Market structures: Monopoly;
- Market structures: Oligopoly
- Market structures: Monopolistic competition;
- Wages and Labor Market;
- Land and Capital;
- Fundamentals of aggregate supply and demand; Gross Domestic Product;
- Consumption and Investment;
- Money and commercial banks.

Expected learning outcomes
After passing the exam, students will be able to:
- Identify and explain the basic concepts of hypothesis testing, regression analysis and simple time series analysis.
- Test statistical hypotheses and perform regression and correlation analysis

Course content
The concept of hypothesis testing. One-tailed hypothesis test. Two-tailed hypothesis test. Type I and type II error. P-value. Selected hypothesis tests for single population. Selected hypothesis tests for two populations. Chi-square test. Correlation analysis. Simple regression analysis. Multiple regression analysis. Multicollinearity. Heteroskedasticity. Autocorrelation of errors. Simple time series analysis.

Expected learning outcomes
After passing the exam, students will be able to:
- Identify and explain the basic concepts of statistics and probability
- Analyze statistical data using descriptive statistics methods, apply probability and estimate population parameter based on a sample

Course content
Definition of statistics. Basic concepts. Statistical data. Data editing and tabulation. Statistical graphics. Software support for statistical analysis. Data analysis using descriptive statistics methods. Time series analysis. Definition of time series. Dynamics indicators. Indices. Basic concepts of probability. Random variable and its properties. Selected discrete and continuous probability distributions. Central limit theorem. Sampling distributions. Estimation of selected population parameters. Estimation of the difference of selected parameters of two populations. Determining the minimum required sample size

Expected learning outcomes
Upon completion of the course, the student will be able to:
- independently research for scientific and professional literature,
- propose the structure of seminar or professional paper,
- prepare seminar and bachelor thesis according to the valid regulations concerning writing the bachelor thesis.

Course content
Concept of Scientific Research Methodology, Research Process, Scientific and Professional Written Papers, Essential Parts of Scientific and Professional Papers, Identifying Research Problems, Research Hypotheses, Preparation of Research Structure, Reviewing the literature, Compilation of Literature, Written Design of Papers, Citation Systems, Citing, Paraphrasing, Plagiarism, Technical Design of Professional Papers, Preparation of Presentations and Presentation Skills.

Expected learning outcomes
Upon the completion of the course, the student will acquire a basic level of language competency (A1.1 – elementary) and will be able to:
ILO1: Listening and Speaking: understand familiar words and phrases concerning him-/ herself, his/ her family and business environment and use them in simple everyday situations.
ILO2: Reading and Writing: read and understand simple texts related to him-/ herself or the business environment; write short, simple sentences and messages, as well as simple business letters.

Course content
Basic general and business vocabulary, formal and informal addressing. Basic language structures, phrases and collocations. Fundamentals of morphology and syntax of the German language. Basics of business correspondence. Topics and language structures covered:
Basic communication skills and vocabulary: Greetings; Presenting yourself and others; Alphabet; Spelling; Occupations; Business cards; Departments in the company; Countries, languages, nationalities; Colors; Office furniture, appliances and supplies; E-mail; Order; Arranging appointments; Fair; Expressing hours and time; Organizational structure of the company;
Language structures: Personal pronouns; Singular and plural of nouns; Definite and indefinite articles; Numbers; Declarative sentences - word order; inversion; Questions (yes / no; W-questions); Present indicative of regular verbs; Percentage; Accusative; Negation (nicht / kein-); Time adverbs; Conjunctions in independent sentences; Present indicative of modal verbs; Präteritum of auxiliary verbs.

Expected learning outcomes
Upon the completion of the course, the student will acquire a basic level of language competency (A1.1 – elementary) and will be able to:
ILO1: Listening and Speaking: understand familiar words and phrases concerning him-/ herself, his/ her family and business environment and use them in simple everyday situations.
ILO2: Reading and Writing: read and understand simple texts related to him-/ herself or the business environment; write short, simple sentences and messages as well as simple business letters.

Course content
Basic general and business vocabulary, formal and informal addressing. Basic language structures, phrases and collocations. Fundamentals of morphology and syntax of the Italian language. Basics of business correspondence. Topics and language structures covered:
Basic communication skills and vocabulary: Greetings; Presenting yourself and others; Spelling; States, nationalities, languages; Formal addressing; Ordering; Thanking and responding to it; Business lunch; Booking; Event organization; Types of payments; E-mail; Date.
Language structures: Personal pronouns; Nouns - gender and number; Definite and indefinite articles; Present of regular, modal, auxiliary and some irregular verbs; Declarative and interrogative sentences; Adverbs; Numbers; Singular and plural of nouns and adjectives; Ordinal numbers.

Expected learning outcomes
Upon completion of the course, the student will be able to:
- Break down the theory related to databases in business and economics, objects from databases by using the components of entity-relationship diagram, as well as ethical issues related to databases in business and economics.
- Create a database in Microsoft Access for the purposes of business and / or economics that contains tables, relationships between tables, select queries, crosstab queries, action queries, forms, subforms, reports, macros and modules.

Course content
- introductory considerations related to databases in business and economics
- theory for the preparation of databases in business and economics
- theory of basic normalisation of data and tables and the theory of object-relationship diagrams
- selected ethical issues related to databases in business and economics
- future tendencies of progress of databases in business and economics
- creating and filling in tables as well as creation of relationships between tables in Microsoft Access
- examples of basic normalisation of data and tables in Microsoft Access and examples of entity-relationship diagram
- select queries in Microsoft Access
- crosstab queries in Microsoft Access
- action queries in Microsoft Access
- forms in Microsoft Access
- subforms and Forms with subforms in Microsoft Access
- reports in Microsoft Access
- macros in Microsoft Access
- modules in Microsoft Access

Expected learning outcomes
Upon successful completion of the course, the student will be able to:
- grasp the complex relationship between the economy and the environment using basic economic postulates and natural laws;
- Relate the causes and consequences of negative environmental change to the issue of sustainable development.

Course content
- The concept and components of the environment;
- Interdependence of the economy and the environment;
- Economic functions of the environment;
- Economic classification of environmental goods and services;
- The concept of environmental externalities;
- The concept of environmental value;
- Causes of environmental pollution and environmental degradation;
- Consequences of pollution and environmental degradation;
- The relationship between economic growth and environmental quality;
- Limits to economic growth;
- Definitions and dimensions of sustainable development;
- Measurement of sustainable development;
- The concept of weak sustainability;
- The concept of strong sustainability;
- Sustainable development of the enterprise.

Expected learning outcomes
After completing and passing the course, the student is able to:
1. to adopt a conceptual apparatus that enables to detect, describe, analyze and argue the necessity and challenges of digital transformation using digital technologies, and to analyze practical examples of digitally transformed business models
2. Analyze, create and visualize content using digital technologies according to pre-created strategies for digital transformation of fictitious or real business entities.

Course content
1. Introductory lecture and introduction to the subject. Information technology as a means of digitalization of business
2.Evolution of IT application
3. The concept of digital economy and digital transformation
4. Disruptive business models and disruptive innovations resulting from business digitalization
5. Challenges of business digitalization
6. Corporate management of informatics and digitalization of business
7. Evolution of CIO
8. Steps of developing a strategic plan for the application of digital technology in business
9. Designing a digital business model
10. Strategy for positioning the role of digital technology and information systems in business
11. Primary digital technologies in business: Mobile telephony, Social networks and communication platforms, Internet of Things, Cloud computing and Big data
12.Secondary digital technologies in business: Artificial intelligence, Robotics, Face and speech recognition, Holograms, Augmented and virtual reality,, Portable technologies, Drones, 3D printing
13. Smart offices and smart business
14. Critical approach in analyzing market opportunities and creating strategies in the Canvas business model
1. 15.Creating digital content (Wordpress, Google site, Google Earth, Mailchimp, Canva, Sway,…)

Expected learning outcomes
Define and explain artificial intelligence
Independently prepare and present a seminar paper
Develop critical thinking skills in a discussion group

Course content
1. Introductory lecture, presentation of the course
2. Definition and development of artificial intelligence
3. Development of artificial intelligence through history
4. Types of artificial intelligence according to the degree of intelligence - strong and weak
5. Types of algorithms, supervised and unsupervised learning
6. Big data and data mining
7. Machine learning and deep learning
8. Areas of application of UI: computer games and simulations, expert systems, neural networks, understanding and processing of natural languages (speech recognition, translation) problem solving, data search, automatic programming, intelligent agents
9.Computer vision (pattern or object recognition, scene analysis)
10. Artificial intelligence in human resource management
11.Virtual reality and application in business, education and training
12. Augmented reality and application in business, education and training
13. Application of artificial intelligence in business from the ethical aspect
14. Risks of applying artificial intelligence in business
15. Acceptance of artificial intelligence in business by end users

Expected learning outcomes
Upon the completion of the course, the student will acquire a basic level of language competency (A1.1 – elementary) and will be able to:
ILO1: Listening and Speaking: understand familiar words and phrases concerning him-/ herself, his/ her family and business environment and use them in simple everyday situations.
ILO2: Reading and Writing: read and understand simple texts related to him-/ herself or the business environment; write short, simple sentences and messages, as well as simple business letters.

Course content
Basic general and business vocabulary, formal and informal addressing. Basic language structures, phrases and collocations. Fundamentals of morphology and syntax of the German language. Basics of business correspondence. Topics and language structures covered:
Basic communication skills and vocabulary: Greetings; Presenting yourself and others; Alphabet; Spelling; Occupations; Business cards; Departments in the company; Countries, languages, nationalities; Colors; Office furniture, appliances and supplies; E-mail; Order; Arranging appointments; Fair; Expressing hours and time; Organizational structure of the company;
Language structures: Personal pronouns; Singular and plural of nouns; Definite and indefinite articles; Numbers; Declarative sentences - word order; inversion; Questions (yes / no; W-questions); Present indicative of regular verbs; Percentage; Accusative; Negation (nicht / kein-); Time adverbs; Conjunctions in independent sentences; Present indicative of modal verbs; Präteritum of auxiliary verbs.

Expected learning outcomes
Upon the completion of the course, the student will improve his/her language competency from level A1.1 to A1.2 and will be able to:
ILO1: Listening and Speaking: understand and take part in simple everyday business situations. Understand familiar words and phrases learned during classes and use them in simple everyday situations.
ILO2: Reading and Writing: read and understand short texts related to the business environment; write a short, simple text on known topics as well as simple business letters.

Course content
General and business vocabulary. Intercultural differences. Basic language structures, phrases and collocations. Fundamentals of morphology and syntax of the German language. Basics of business correspondence. Topics and language structures covered:
Basic communication skills and vocabulary: Business lunch; Small-Talk; Payment at the restaurant; Orientation; Relocation services; Transport; Invitation to an event; Accepting and rejecting invites; Event organization; Departments in the company and their tasks; Calculation of travel expenses; Business trip - information; Enterprise development.
Language structures: Possessive adjectives in the nominative and accusative; Present of verbs with vowel change; Present of separable verbs; Formal and informal forms the imperative; Adverbs of time; Past tense (Perfekt) of regular and irregular verbs with different auxiliary verbs; Word order in a sentence (Satzklammer); Demonstrative pronouns; Modal verbs in the past tense (Präteritum).

Expected learning outcomes
Upon the completion of the course, the student will acquire a basic level of language competency (A1.1 – elementary) and will be able to:
ILO1: Listening and Speaking: understand familiar words and phrases concerning him-/ herself, his/ her family and business environment and use them in simple everyday situations.
ILO2: Reading and Writing: read and understand simple texts related to him-/ herself or the business environment; write short, simple sentences and messages as well as simple business letters.

Course content
Basic general and business vocabulary, formal and informal addressing. Basic language structures, phrases and collocations. Fundamentals of morphology and syntax of the Italian language. Basics of business correspondence. Topics and language structures covered:
Basic communication skills and vocabulary: Greetings; Presenting yourself and others; Spelling; States, nationalities, languages; Formal addressing; Ordering; Thanking and responding to it; Business lunch; Booking; Event organization; Types of payments; E-mail; Date.
Language structures: Personal pronouns; Nouns - gender and number; Definite and indefinite articles; Present of regular, modal, auxiliary and some irregular verbs; Declarative and interrogative sentences; Adverbs; Numbers; Singular and plural of nouns and adjectives; Ordinal numbers.

Expected learning outcomes
Upon the completion of the course, the student will improve his/her language competency from level A1.1 to A1.2 and will be able to:
ILO1: Listening and Speaking: understand and take part in simple everyday business situations. Understand familiar words and phrases learned during classes and use them in simple everyday situations.
ILO2: Reading and Writing: read and understand short texts related to the business environment; write a short, simple text on known topics as well as simple business letters.

Course content
General and business vocabulary. Intercultural differences. Basic language structures, phrases and collocations. Fundamentals of morphology and syntax of the Italian language. Basics of business correspondence. Topics and language structures covered:
Basic communication skills and vocabulary: Office; Office items; Arranging things in space; Business meeting; Daily schedule; Hours and time; Route description - instructions; Orientation; Company departments; Organizational structure of the company; Work day; Description of past events; Company description.
Language structures: Adverbs; Possessive adjectives; Negation; Reflexive verbs; Present of irregular verbs. Direct and indirect personal pronouns; Demonstrative pronouns; Past tense (passato prossimo) of regular and irregular verbs with different auxiliary verbs; Adverbs of time.

Expected learning outcomes
After passing the course, students are expected to be able to:
- Identify and explain basic elements of tax concepts;
- Describe basic features of major taxes.

Course content
- Definition, term concept of tax
- Characteristics of taxes
- Principles of taxation
- Tax types
- Tax rates
- Direct taxes
- Indirect taxes
- Personal income tax: concept, main forms
- Computation of wage taxes and social security contributions
- VAT: its position in relation to other taxes on goods and services, VAT computation, VAT rates
- Property taxation
- Excises – main elements
- Other taxes – mail elements
- Social security contributions – main elements
- Compulsory non-tax revenues

Course objectives
To provide knowledge of the reasons why civic and nonprofit organizations are necessary and the organizational, financial, and personnel characteristics of working in a nonprofit environment.
Course content
1. The concept and role of civil society
2. Social capital and amoral familism
3. Social integration and social change
4. Civil society foundations in different legal systems
5. Civil society development in the world and in Croatia
6. Civil society index and civil society diamond
7. Organizational specificities of civil society organizations
8. Personnel specificities of organizations using the work of volunteers
9. Civil society and capital allocation
10. Social challenges related to the work of civil society organizations
11. Civil society as a driver of change
12. Civil society and the right to special representation
13. Civil society action in emergencies
14. Social dimension of civil society activities
15. Civil society organizations in sports and culture

Expected learning outcomes
Upon successful completion of the course, students will be able to:
1. analyze and critically evaluate the regulatory and institutional framework for climate change mitigation and decarbonization policies
2. interpret and explain the economic consequences of decarbonization in the sectors most affected by decarbonization policies
3. explain and evaluate business models for implementing decarbonization policies and green business.

Course content
1. Climate change - impacts and consequences
2. Legal, regulatory and institutional framework of decarbonization - international agreements, legal regulations at regional level (EU), application of directives in the Republic of Croatia
3. European Green Deal 4. Decarbonization and economic impact on selected sectors
5. Energy sector - share of renewable energy sources, energy efficiency, new technologies ( digitalization, smart grid, block chain ).
6. Changes in the energy market, adjustment of energy companies
7. Decarbonization and the transport sector - e-mobility, new energy sources in transport - hydrogen and LNG
8. Decarbonization and the tourism sector - change of business models in hotels ("green" hotels, ecotourism and other models of sustainable tourism development).
9. Management in the conditions of decarbonization and low-carbon economy - new business models.
10. Corporate responsibility for the climate and environment - principles and programs (EMS - Environmental Management System, EMAS - Eco Management and Audit Scheme, ISO 14000).
11. Financing of energy efficiency and renewable energy projects - models and sources of financing
12. Selected examples of large companies - adaptation strategies and policies
13. Selected examples of small and medium enterprises - strategies and policies
14. Selected examples of corporate responsibility for the environment - business practice
15. Carbon footprint - concept and examples.

Expected learning outcomes
Upon completion of the course (15L+15S), the student will be able to:
1. Identify multidimensional forms of social literacy and civic responsibility, explain their genesis and causal factors and describe their impact on the quality of individual choice (individual), rational management of resources (companies) and the growth and development of the community (society).
2. Analyse the impact of different dimensions of social literacy and civic responsibility on the economic benefits and costs of the individual, enterprise and society, as well as interpret the importance of the institutional environment in the process of promoting social literacy and civic responsibility.

Course content
INTENDED LEARNING OUTCOME (1)
1. Introduction to the conceptual definition of social literacy and civic responsibility
2. Historical development of social literacy: levels and forms
3. Multidimensionality of the modern notion of social literacy: pension, financial, health, environmental, media, social, etc.
4. Determinants of social literacy and civic responsibility
5. Factors of social literacy
6. Attributes of civil liability
7. Social literacy and civic responsibility: relations and interdependencies
8. Empirical research
INTENDED LEARNING OUTCOME (2)
9. Social literacy and civic responsibility as economic resources of modern society
10. Economic benefits and costs of social literacy and civic responsibility
11. Economic implications of social literacy and civic responsibility on the individual, enterprise and society
12. Institutional environment to support the development of social literacy and civic responsibility
13. National policy strategies, measures and programs in the function of promoting social literacy and civic responsibility
14. Evaluating the role of the institutional environment in improving social literacy and strengthening civic responsibility
15. Empirical research

Expected learning outcomes
Upon completion of the course, the student will be able to:
1. Apply socio-economic theory in defining the religious pattern of behaviour of individual subjects and determine the socio-economic implications of such behaviour.
2. Analyse the impact of religiosity on economic growth and vice versa and define different management tools and functions of the bearers of these activities.

Course content
INTENDED LEARNING OUTCOME (1)
1. Introduction to the economic perspectives of religion
2. Determinants of religiosity in the socio-economic environment
3. Secularization: the role of the state and religion
4. State (official) religion
5. The impact of religiosity on literacy and education: A historical overview and contemporary trends
6. The relationship between religiosity and science: Impact on scientific achievements
7. Consumer ethics and the role of religiosity
8. Consumer behaviour conditioned by religious beliefs
9. Empirical research: Religion and consumer behaviour
INTENDED LEARNING OUTCOME (2)
10. The effects of religion on economic activity, social and political affiliation and elections
11. Effects of religiosity on economic growth and development
12. Effects of economic growth and development on religiosity
13. The influence of religion on the functioning of certain economic sectors
14. Empirical Research: Christianity and economic growth
15. Empirical Research: Islam and economic growth

Expected learning outcomes
Upon completion of the course the students will be able to:
- Explain the development of economic integration in Europe and the current economic and political trends that shape the business environment in EU Member States;
- Consider how fundamental freedoms of the Internal Market and EU common policies affect the European business environment;
- Assess how certain policies and regulatory environment affect the competitive position of the European companies and what are their (global) perspectives.

Course content
- Fundamental determinants of the European economy and business on the European market
- Theoretical and methodological basis of the analysis of the European business environment and the functioning of common EU policies
- Historical development and legislative-institutional frameworks of the European Union
- Creating common policies and decision-making in the EU
- EU budget and EU strategic development goals
- Preferential liberalization and theoretical foundations of economic integration in a global context
- The European Internal Market and its fundamental freedoms
- Business aspects of the functioning of the Internal Market, the attractiveness of business and investment, the development of the competitiveness of the European companies
- Market competition and other important EU "micro-policies"
- European industry, entrepreneurship and the specifics of EU agricultural policy
- European monetary integration and the repercussions of the introduction of the single currency on businesses
- European labour market, mobility and the necessary skills of contemporary business
- Environmental policy and the "green" perspective of the European development
- The Common Trade Policy of the EU and doing business in conditions of the global competition
- Business environment in particular EU Member States, entrepreneurship promotion and case study analysis.

Expected learning outcomes
After completing the course and passing the exam, students will be able to:
- apply theoretical knowledge in health economics to interpret different aspects of the functioning of the health system;
- reconsider the impact of health policies, decision-making tools or ethical principles on the achievement of health system objectives.

Course content
- Why the economics of health and health care? (specific economic features of the health care markets)
- Economic models of individual demand for health
- Levels of health care and the role of prevention
- Problems of pronounced knowledge and information asymmetries in health care provision
- The supply of health care services and incentives on the supply side (economic models of the behavior of physicians and other stakeholders)
- Relationships in the health care system and contracting in health care (the role of health insurance companies)
- Organization of the health care system and development of the public health care
- Financing of health care in Croatia (contributions and role of HZZO, structure of insured persons, structure of health care expenditure, benefits, supplementary and additional insurance)
- Health care financing systems worldwide (different public and private health care financing systems: state system, compulsory insurance, voluntary insurance, out-of-pocket payments)
- Causes of growth and evaluation of public expenditure in health care (explanations of the growth of public expenditure)
- Priority setting in health care - effective and efficient provision of health care services (cost-benefit analysis, cost-effectiveness analysis, application of evaluation methods, monitoring and evaluation of public health policy)
- The role of government in ensuring quality and accessibility of health care (equity, efficiency and necessity, distributive justice)
- Behavioral economics and public health
- Health care system of the future
- Development of personalized medicine and health technologies of the future

Expected learning outcomes
Upon completion of the course, students will be able to:
1. Use theoretical and practical knowledge, implement analysis process of relations between, domestic and international competitiveness of the company and national economy, and identify key factors of innovativeness and competitiveness;
2. Evaluate and analyze effects of FDI and technology transfer, their drivers and economic policies:
3. To explain significance of R&D process and compare its impacts on innovativeness and competitiveness level of the company

Course content
Theoretical framework of innovativeness and competitiveness
- Intellectual property system in Croatia, EU and abroad
- Intellectual property protection in domestic and international environment
- Industrial property as type of intellectual property (patents, trademark, industrial design, geographical origin and originality label, topografy of semiconductor products)
- Copyrights as type of intellectual property protection
- Creation, development and impact of innovations on company and national economy domestic and international competitiveness
- R&D as precondition of innovation activities of the company
- Innovation strategy and competitiveness of the company
- Sistematization and managing innovative process
- International trade systems, mechanisms and competitiveness
- Economic cycles and international competitiveness of the company
- FDI and technology transfer
- FDI and international competitiveness
- Competitiveness on domestic and international market and innovativeness of multinational companies
- Innovations and R&D – international trends, value of R&D investments through different criterias, sectoral analysis in Croatia and EU

To enable students to gain experience in global virtual teams on a real-life example from the area of strategic management and marketing.
Course content
- Communication.
- Specifics of communication in a global
virtual team.
- Intercultural component of teams.
- Specifics of virtual teams.
- Division of work and the dynamics of
virtual teams.
- Communication platforms and time
management strategies
- Conflicts and their mediation.
- Planning and leadership in global virtual
teams.
- Strategic analysis of a business (analysis
of current state, wanted state and a
suggestion on fruition of wanted state).
- Marketing plan development.
- Strategic and market positioning.
- Presentation of suggested business
solutions.

Expected learning outcomes
Upon completion of the course, the student will be able to:
• Correctly interpret characteristics of learning organizations (ILO1);
• Correctly interpret challenges of implementing the learning organization paradigm (ILO2)
• Critically evaluate principles of managing modern businesses with the purpose to identify guidelines toward their transformation into learning organizations (ILO3).

Course content
Managing human capital and learning- major challenge of modern management
Modern companies as learning organizations
Learning disciplines of learning organizations
Management of the learning company
Knowledge management – key core competency
Challenges of the level of learning (individual, team and organizational learning)
Single-, double- and triple loop organizational learning
Learning-forgetting-unlearning-relearning – the learning organization’s learning dynamics
Intergenerational learning and knowledge transfer
The role of social capital in building learning organizations
Learning organization as technology for the socio-economic paradigm implementation
Possibilities of implementing learning organizations with regard to cultural differences
Complementarity of spiritual practices and learning organization paradigm
Learning organization as a paradigm for solving the so-called “wicked problems”
Critical review of the learning organization paradigm

Expected learning outcomes
After passing the course students will be able to:
- precisely define and give the interpretation of basic concepts and terms in multicriteria decision making
- identify and set practical problems in adequate mathematical form, apply adequate multicriteria methods to solve practical decision problems, be able to analyze obtained solutions and state appropriate interpretations of results.

Course content
Throughout the course the students will be taught about several approaches of multicriteria decision making, giving emphasis to several specific methods. Course content includes themes connected with individual and group decision making, introducing means of weight transformation, ways of estimating weights' importance like methods for weight estimation on group or individual level, as well as the explanation of attribute transformation. An insight into the most applied methods for multicriteria decision making will be given: AHP, MAVT, MAUT, TOPSIS, PROMETHEE and ELECTRE. Each method will be explained in detail so that the students can detect their advantages and disadvantages.

Topics:
1. Introductory lecture
2. Decision problems and multicriterial decision problems
3. Scales for quantification pairwise comparisons
4. Essential concepts of AHP
5. Problem structuring
6. Priority calculation and consistency check
7. Sensitivity analysis
8. Multi-attribute utility theory
9. Essential concepts of PROMETHEE method
10. Data entry, entering preference parameters, weights, ranking and sensitivity analysis
11. Essentials of the ELECTRE methods
12. Concordance and disconcordance degrees, outranking degree
13. Essential of TOPSIS
14. Basic concepts of DEA
15. Problems in practice

Expected learning outcomes
Students who have successfully passed the course will be able to:
- Discuss the basic concepts of personal finance, economic and market functions of the household and elements of the economic process in the household and be able to make conclusions about the relationship between categories of economic process in the household as well as laws and principles of investing in personal finance
- Identify, describe, differentiate, classify and interpret types and goals of investing in personal finance and discuss the issue of financial literacy
- Apply the acquired knowledge to solve practical problems of financial planning and investment in personal finance

Course content
- Standard of living and quality of life. Poverty risk.
- Economic and market functions of households as carriers of supply and demand
- Earnings, consumption and savings of an individual (household).
- Monitoring of economic processes in the household. Elements of the economic process in the household - balance sheet, economic and financial flows of the household.
- Economic indicators of the household.
- Legality and principles of investing in personal finance
- Types and goals of investing in personal finance - investing in retirement
- Types and goals of investing in personal finance - investing in property, life and health insurance
- Types and goals of investments in personal finance - investments in real estate, investments in special forms of savings, in financial assets
- Types and goals of investments in personal finances - investments in gold, valuables, works of art, investments in children's education, investments in personal business
- Structure (diversification) of investments in personal finance
- Personal finance and taxation
- Financial planning. Assessing the desirability of investing in personal finance.
- Financial literacy - dangers of anticipated spending and borrowing
- Financial literacy - attitude towards financial marketing; asymmetry of information of financial industry entities and consumers

Expected learning outcomes
After passing the course, students will be able to:
- understand and properly interpret all key theoretical and practical notions related to project finance
- develop basic structure of project finance model of selected investment project

Course content
• Notion of project finance
• Theoretical aspects of project finance
• Project finance market
• Project planning system
• Development and project management
• Financial instrument and financing sources
• Contractual forms of project financing
• Key characteristics of project contract
• Project documentation
• Macroeconomic assumptions
• Political assumptions
• Financial modelling and evaluation
• Financial structuring
• Project risk analysis
• Marketing and project promotion

Acquainting students with the specific features of SME’s accounting and accounting standards and regulations for SME’s. Through seminars and practicum students are trained for organizing SME’s accounting.
Small and medium-sized enterprises in context of IASB standards for SMEs adoption – definition and characteristics. Reasons and objectives of IASB standards for SMEs. Small and medium-sized entity financial reporting framework – users of financial statements, qualitative characteristics, elements, recognition, measurement, public accountability. Small and medium-sized entity financial reporting standard – accounting policies and elements of financial statements. Accounting of SMEs in Croatia – legal framework and differences regarding big and listed enterprises. Accounting of physical persons – craftsman (tradesmen and people engaged in freelance occupations who are liable to pay personal income tax on self-employed activities) in system of single bookkeeping – accounting principles and business books. Accounting budgeting, accounting supervision (control and inspection) and accounting analysis of small and medium enterprises. Cost and management accounting in small and medium enterprises – state in Croatia, prerequisites and development possibilities. The special consideration in the audit of small enterprises.