EKONOMIJA FIRME

After attending the course and studying course material student will be able to: • recognize the subject of study of the economics of the firm course; • describe relation between economics of the firm and other scientific disciplines; • recognize factors of firm economics; • interpret the influence of the firm economics factors on decision-making; • differentiate elements of direct influence of environment to the firm economics; • differentiate elements of indirect influence of environment to the firm economics; • describe and recognize various types of firms; • describe basic elements of the firm and their mutual conditionality; • describe reproduction process; • differentiate types of reproduction; • interpret the problem of production factors combination; • calculate the depreciation of fixed assets by depreciation method based on time and based on use (activity); • describe the characteristics of production factors; • recognize relation between physical and economic lifetime of assets; • describe the systematization of costs from different point of views; • graffically illustrate and interpret different types of costs in total and average amounts; • describe the relation between marginal and variable costs; • describe the relation between marginal and average total cost; • interpret zones of total cost; • interpret zones of operating results; • describe and calculate significant break-even points in firm performances.