Course code Ekon2087
Faculty Vice Rector for Studies, Faculty of Education, Psychology and Art, Faculty of Business, Management and Economics
Credit points, number of lectures
Credit points ECTS Credit points Total number of auditorium hours Number of lecture hours Number of seminars and practical work hours Number of student independent work hours
4 6 64 32 32 96
E-courses 2EKO2087: Entrepreneurship Economics
Course annotation
Goal of the study course is to provide students with possibility to learn business organization methods and planning principles and methods for management of these processes.

Tasks of the study course:
1. is intended to describe the characteristics and business conditions in its start-up business;
2. to clarify general regularities and principles of business functioning;
3. to master legal preconditions and territorial location principles of establishment of business, and skills to use them;
4. to master production and planning organization methods, as well as skills and abilities to use them;

5. to evaluate and to choose most efficient company's strategy in different situations.
Course responsible lecturer Andrejs Cekuls
Results By completing this course, students acquire a comprehensive understanding of the theory of business organization, gain the opportunity to understand business problems more easily in practical business and choose the most appropriate options for the solution.
After successful completion of the study course students will get
1) about organizing, conducting and management of business processes;
2) about importance and principles of planning;
3) about the principles of work organization and team work.

4) to research product's market demand;
5) to organize his and his colleagues' work, to work in a team

6) to establish a company and carry out tasks for the commencement of operations;

7) calculate the cost and estimate the cost structure for the product or service unit.
Course plan 1. Management, management functions and organization. L-2,S-2
2. Business model. L-2,S-2
3. Entrepreneurship planning. L-2,S-2
4. Entrepreneurship forms, start up capital. L-2,S-2
5. Management decisions. L-2,S-2
6. Management goals. L-2,S-2
7. Internal and external environment. L-2,S-2
8. Management organizational structures. L-2,S-2
9. Motivation. L-2,S-2
10. Manager power, leadership. L-2,S-2
11. Sales, marketing, sales forecasts. L-2,S-2
12. Cash flow, budget. L-2,S-2
13. Entrepreneurship cost. L-2,S-2
14. Changes in organization. L-2,S-2
15. Control and coordination. L-2,S-2

16. Philanthropy. L-2, S-2
Requirements for obtaining credit points - two tests - each 15% (both tests 30%);
- work in small groups: a company establishment project is developed and successfully presented – 40%;
- successfully passed the written examination - 30%.

Knowledge assessment criteria:
- the acquired level of knowledge is assessed in tests according to the general knowledge evaluation criteria pursuant to the 10-point grading scheme. Since the management science offers various management methods and theories, critical thinking is especially highly evaluated when assessing these theories;

- activity in problem discussion, as well as validity of the developed projects and innovative content (level of acquisition of organization and planning skills) are assessed in seminars and practical classes.
Study programmes Economics
Free Elective Courses
Accounting, Analysis and Audit
International Economic Relations