Engineering Economics 2

Data is displayed for academic year: 2023./2024.

Lecturers

Prof.
Roman Malarić
Prof.
Davor Škrlec
Prof.
Željko Tomšić
Assoc. Prof.
Mihaela Vranić

Lectures

Assoc. Prof.
Marko Jurčević
Adj. Prof.
Dubravko Sabolić
Jure Konjevod
PhD

Course Description

Industry Organization, Antitrust Policy and Business Regulation. The Economics of the Environment. Financial markets. Macroeconomics: definitions and basic terms. Gross domestic product. Business cycle and Unemployment. Macroeconomic Policies and its Impact on the Industry. Long term growth of the economy.

Study Programmes

University undergraduate
[FER3-HR] Computing - study
Transversal Courses (4. semester) (6. semester)
[FER3-HR] Electrical Engineering and Information Technology - study
Transversal Courses (4. semester) (6. semester)
University graduate
[FER3-HR] Audio Technologies and Electroacoustics - profile
Transversal Courses (2. semester)
[FER3-HR] Communication and Space Technologies - profile
Transversal Courses (2. semester)
[FER3-HR] Computational Modelling in Engineering - profile
Transversal Courses (2. semester)
[FER3-HR] Computer Engineering - profile
Transversal Courses (2. semester)
[FER3-HR] Computer Science - profile
Transversal Courses (2. semester)
[FER3-HR] Control Systems and Robotics - profile
Transversal Courses (2. semester)
[FER3-HR] Data Science - profile
Transversal Courses (2. semester)
[FER3-HR] Electrical Power Engineering - profile
Transversal Courses (2. semester)
[FER3-HR] Electric Machines, Drives and Automation - profile
Transversal Courses (2. semester)
[FER3-HR] Electronic and Computer Engineering - profile
Transversal Courses (2. semester)
[FER3-HR] Electronics - profile
Transversal Courses (2. semester)
[FER3-HR] Information and Communication Engineering - profile
Transversal Courses (2. semester)
[FER3-HR] Network Science - profile
Transversal Courses (2. semester)
[FER3-HR] Software Engineering and Information Systems - profile
Transversal Courses (2. semester)

Learning Outcomes

  1. Explain the concepts related to the market.
  2. Identify impacts of the state on the functioning of competitive market.
  3. Identify problems of regulation.
  4. Recognize the impact of industry on the environment.
  5. Identify the different instruments that are offered in the financial markets.
  6. Calculate basic measures related to various financial instruments.
  7. Explain the basic concepts of macroeconomics.
  8. Identify phases of business cycles.
  9. Explain the functioning of the basic macroeconomic policies

Forms of Teaching

Lectures

Lectures are designed as 13 thematic units that are logically continue each other. Following the lectures, students are introduced to the problems of the basics of economics, markets and market participants, making business decisions, and business risks.

Partial e-learning

Using the Moodle eLearning system, compulsory reading and supplementary reading literature, video clips, solved computational and self-test tasks are made available.

Independent assignments

Using the Moodle eLearning system, students have at their disposal solved computational tasks and tasks to test their own knowledge.

Grading Method

Continuous Assessment Exam
Type Threshold Percent of Grade Threshold Percent of Grade
Homeworks 0 % 20 % 0 % 20 %
Class participation 0 % 10 % 0 % 10 %
Mid Term Exam: Written 50 % 30 % 0 %
Final Exam: Written 50 % 40 %
Exam: Written 50 % 30 %
Exam: Oral 40 %

Week by Week Schedule

  1. Relevant market, The market power and its abuse, Regulation of the market with full competition
  2. Price Regulation, The liberalization and deregulation of industry, Antitrust Laws and Their Interpretation, Antitrust and Competitiveness in a Global Economy
  3. Regulation: Protecting People from the Market, The political and legislative cycle regulation of industry in the European Union, Practical aspects of Industry Regulation
  4. The social cost of pollution, Maximizing the Net Benefits of Pollution, Alternatives in Pollution Control, The European Union policy related to pollution
  5. Basic definitions and terms, Financing of company activities, The main instruments of borrowing on capital markets
  6. Sheres, bonds, loans, Derivative products, Fund types, Funds and pensions
  7. Analysis of financial markets, Primary and secondary markets, Credit rating companies, Financial markets regulation and standards
  8. Midterm exam
  9. Macroeconomics definition, Basic terms: GDP, inflation, unemployment, Objectives of macroeconomic policy, The impact of basic indicators on business, its performance, and expectations
  10. Definition, Calculaton methods, GDP per capita - analysis, Potential GDP
  11. Definition, Periods and points in Business Cycle, Changes in Key Macroeconomic Indicators Throughout the Business Cycle, Unemployment types and businness cycle, The impact of unemployment on the situation in the industry
  12. Historical view, Fiscal policy
  13. Monetary policy, IS-IL model
  14. Impact of changes in technology
  15. Final exam

Literature

Grupa autora (2020.), Inženjerska ekonomika 2 - nastavni materijali, FER
Dubravko Sabolić (2017.), UVOD U MIKROEKONOMIKU – odabrane teme,
(.), Economics of Regulation and Antitrust, Fourth Edition By W. Kip Viscusi, John M. Vernon and Joseph E. Harrington,
(.), Makroekonomija by Blanchard, Oliver; Gjidara, Mirta.,

For students

General

ID 183437
  Summer semester
2 ECTS
L1 English Level
L2 e-Learning
30 Lectures
0 Seminar
0 Exercises
0 Laboratory exercises
0 Project laboratory
0 Physical education excercises

Grading System

90 Excellent
75 Very Good
60 Good
50 Sufficient

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