1 2nd Semester MBA (September- February)
ZAGREB SCHOOL OF ECONOMICS AND MANAGEMENT
GRADUATE MBA PROGRAM
MBA Tracks
General MBA
FLEX MBA
MBA in Management
MBA in Marketing
MBA in Marketing
MBA in Marketing
MBA in MIS
MBA in Finance and Accounting
MBA in Finance and Banking
MBA in Accounting, Auditing and Taxes
MBA in Quantitative Finance
MBA in Human Resource Management
MBA in Supply Chain Management
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Table of Content
2nd Semester MBA (September- February)
Course ECTS Page
Accounting Information Systems 3 ECTS 4
Applied Econometrics 3 ECTS 6
Business Ethics and Corporate Social Responsibility 3 ECTS 8
Corporate Finance Management 5 ECTS 11
Electronic Commerce Management 5 ECTS 13
Financial Derivatives 5 ECTS 15
Financial Fraud Detection 6 ECTS 17
Financial Institutions and Markets 5 ECTS 19
Financial Institutions Risk Management 5 ECTS 21
Financial Instruments Accounting 4 ECTS 23
Financial Law 2 ECTS 25
Financial Reporting 6 ECTS 27
Indirect Taxes in Croatia 5 ECTS 29
Integrated Marketing Communications 5 ECTS 31
Intercultural Transformational Leadership 5 ECTS 35
International Financial Management 5 ECTS 37
International Marketing 4 ECTS 39
Investments 6 ECTS 41
Managerial Accounting 3 ECTS 43
Marketing Simulation 5 ECTS 45
Marketing Metrics 5 ECTS 47
Maximization and Measurement of Company Value 5 ECTS 49
Measurement Application in Human Resource Management 5 ECTS 51
Performance Measurement in Reward System 5 ECTS 53
Portfolio Management and Investments 9 ECTS 55
Project Management 5 ECTS 57
Quantitative Methods for Managers 4 ECTS 59
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Recruitment and Selection 5 ECTS 61
Risk Management 1 3 ECTS 64
Strategies for Managing Human Resources 5 ECTS 66
Supply Chain Management 6 ECTS 68
System Analysis and Design 5 ECTS 71
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(AC518) ACCOUNTING INFORMATION SYSTEMS (ECTS 3)
The goal of this course is to present the role of the modern information technology in the
improvement of the accounting discipline. Theoretical propositions and optimal practical
solutions for shaping the accounting information system (AIS) will be presented. Also,
during the course, students will discuss about modular and integrated accounting
information systems, financial reporting, protection, control and security of the accounting
information systems and other issues.
COURSE OBJECTIVES
The objective of the course is to present students the role of modern information
technologies in improving accounting practice. This will be accomplished by presenting
theoretical knowledge, as well as working in accounting information system (AIS) or Excel
application.
CLASS HOURS
Lectures and exercises 30 hours Total 30 hours
TOPICS
Introduction to accounting information systems.
Importance of accounting information.
Accounting information system development project.
Organizing accounting information systems.
Composing of reports in AIS or Excel application.
Control of accounting information systems.
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ELEMENTS OF GRADE
LITERATURE
1. Hall, J., A.; Accounting Information Systems, South-Western, 2007.
2. Romney, B. R., Steinbart, P. J.: Accounting Information Systems, Prentice Hall,
London, 2005.
3. Blackboard – materials and presentations of lectures and exercises
Final Grade Components: Percentage: Case study 30% Solving the theoretical part of the examination 35%
Solving problems in AIS or Excel application 35%
Total 100%
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(EC534) APPLIED ECONOMETRICS (ECTS 3)
An overview of the most important statistical tests such as Numerical generation of
statistical distributions, Linear regression models (the assumptions of the classical model),
Maximum likelihood method, Predictions, Durbin-Watson statistic, Singular Value
Decomposition, Multiple regression models, Multiple determination coefficients.
COURSE OBJECTIVES
The main goal of this course is developing students' analytical thinking by identifying
statistical significance in a specific modeling framework for economic variables, and
forecasting their future behavior using econometric methods and new technologies.
CLASS HOURS Lectures 16 hours (2 weeks*8 hours) Exercises 14 hours(2 weeks*7 hours) Total 30 hours
TOPICS
Linear regression model.
The multiple linear regression model.
Properties of CLR estimators, Hypothesis testing.
Violation of the Classical Linear Regression model assumptions 1.
Violation of the Classical Linear Regression model assumptions 2.
Time series regression analysis.
Other estimation methods in linear regression models.
Simultaneous equation models.
Estimation methods with Panel data.
ELEMENTS OF GRADE
Final Grade Components: Percentage: Knowledge 50% Critical and analytical thinking 25% New technologies 25%
Total 100%
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LITERATURE
1. Kmenta, J. (1997.) Počela ekonometrije, drugo izdanje, Mate, Zagreb.
2. Ghosh, S. K. (1991.), Econometrics Theory and Applications, Prentice Hall.
3. Vogelvang, Ben (2005), Econometrics: Theory and Applications with EViews,
Department of Econometrics, Vrije Universiteit, Amsterdam, Financial Time Press.
4. Asteriou, D. and Hall, S. G. (2007.), Applied Econometrics, Palgrave Macmillan.
5. BlackBoard site for this course – various literature (and literature links) will be regularly
posted.
6. Greene, W. (2003), Econometric Analysis, Prentice Hall, 5th Edition.
7. Wooldridge, J. M. (2006). Introductory Econometrics: A Modern Approach, 3E.
Thomson South-Western.
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(SC600) BUSINESS ETHICS AND CORPORATE SOCIAL RESPONSIBILITY
(ECTS 3)
Business ethics is not a clear and unambiguous area; it is exposed to numerous interpretations
within the context of "what is the right thing to do". The course comprises discussions on
interrelations between economic, legal, political, social, cultural and ethical issues in the definition
of the business policy, managerial decision making at the stage of the business policy
implementation, and, finally, as an integral part of business activities.
COURSE OBJECTIVES
Although CSR is a relatively new term, its roots go back a long time and can be traced to a variety of
philosophical, ethical, and environmental discourses. Thus there are a number of different
approaches to CSR as well as a number of different definitions of what exactly CSR comprises.
Furthermore the concept has been extended to apply not just to corporations but to many other
(not necessarily profit seeking) forms of organisation. The concept of CSR is therefore complex. It is
the purpose of this course to introduce students to this complexity and to the various components
which might comprise socially responsible behaviour. In doing so it is intended to provide a
framework both for further study and for planning and evaluating the actions and performance of
an organisation in the context of sustainable and socially responsible activity. Particularlly: (1)
Developing sensitivity to immoral and irresponsible acts in business world. (2) Encouraging
proactive behavior in favor of ethical standards. (3) Developing know-how of incorporating ethical
standards in business procedures and detecting irresponsible acts in companies.
CLASS HOURS
Lectures 3 hours per day (5 days) Total 15 hours
TOPICS
Introduction to ethics, BE and CSR.
General introduction to BE and CSR and corruption.
Best practices + management and leadership + written exam.
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Application to field of study.
Student cases (presentations).
ELEMENTS OF GRADE
Final Grade Components: Percentage: Written case 25% Case presentation 25% Written or oral exam 50% Total 100%
*Additional elements:
1. Written response to the case of other groups (1 page text) (5%).
2. Active participation in discussions (5%).
3. Preparing a short power point presentation (10 min) on free subjects (5%).
4. Preparing a small case study according to daily business newspapers or TV/Internet
reports (5%).
LITERATURE
1. Marcoux A. 2008 Business Ethics, Stanford Encyclopedia of Philosophy (plato.stanford.edu)
(15 pp.).
2. Jeurissen R. 2007 (ed.) Ethics & Business, Van Gorcum, Aasen (276 pp.).
3. Bowie N. E. 2001 (ed.) „The Blackwell Guide to Business Ethics“, Blackwell, Oxford.
4. Carroll A. B. Buchholtz A. K. 2003 Business & Society, Ethics and Stakeholder Management,
Thomson, South-Western, Manson, Ohio.
5. Frederick R. E. 2002 (ed.) „A Companion to Business Ethics“, Blackwell, Oxford.
6. Fritzsche D. J. 2005 Business Ethics, Irwin McGraw-Hill, Boston.
7. Hoffman W. M., Frederick R. E., Schwartz M. S. (eds.) 2001 „Business Ethics: Readings and
Cases in Corporate Morality“, Irwin McGraw-Hill, Boston.
8. Jeurissen R. 2007 (ed.) „Ethics & Business“, Van Gorcum, Assen.
9. LaRue Tone H. 2003 The Ethics of Management, Irwin McGraw-Hill, Boston.
10. Velasquez M. G. 1992 „Business Ethics: Concepts and Cases“, Englewood Cliffs, NJ: Prentice
Hall.
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11. Verhane P. H., Freeman R. E. (eds.) 1997 „The Blackwell Encyclopaedic Dictionary of
Business Ethics“, Blackwell, Oxford.
12. Focus on the specialization.
Focus on management and HRM
1. Allinson R. E. 2005 Saving Human Lives, Springer Verlag, Berlin, Heidelberg.
2. Zimmerli W. Ch., Richter K., Holzinger M. (eds.) Corporate Ethics and Corporate Governance,
Springer Verlag, Berlin, Heidelberg.
3. Muhr, S. L., Sørensen B. M. Vallentin S. (eds.) 2010 Ethics and Organizational Practice,
Questioning the Moral Foundations of Management, Edward Elgar Publishing, Cheltenham,
UK.
Focus on marketing
1. Brenkert, George G. (2008) Marketing Ethics, John Wiley and Sons.
2. Davidson, D. Kirk (2002) The Moral Dimension of Marketing: Essays on Business Ethics
South-Western Educational Murphy, Patrick E.; Gene R. Laczniak, Norman E. Bowie (2004)
Ethical Marketing Prentice Hall.
Focus on finance, banking, accounting and auditing
1. Armstrong M. B. (2001) Ethical issues in accounting, in: N. E. Bowie (ed.) The Blackwell
Guide to Business Ethics, eISBN: 9780631221234, 2001.
2. Boatright J. R. (2002) Finance ethics, in: R. E. Frederick (ed.), A Companion to Business
Ethics, eISBN: 9780631201304, 2002.
3. McPhail K. and Walters D. (2009) Accounting & Business Ethics, Routledge, London.
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(FN554) CORPORATE FINANCE MANAGEMENT (ECTS 5)
The course is made of a combination of lectures and seminars. Themes are covered through
business cases, homework, examples from the economy, seminar work etc. Students are
required to attend lectures prepared and that they have read the required materials. Class
participation will set the quality of the course lectures and enable acquiring new
knowledge’s. Students should be prepared for the possibility of being asked certain
questions. All students should actively listen to lectures and discussions of their colleagues.
COURSE OBJECTIVES
The course consists of a few basic sections of key importance for Financial management
like: basic theoretical concepts of modern finance; rate of return and stock evaluation;
portfolio risk management; options evaluation; capital structure theory; value creation
theory (NPV, IRR, PBP, WACC, EPS...) etc. Beside modern financial theory, the course also
deals with modern corporate analysis of securities on primary and secondary capital
markets, and financial structure. Special focus will be put on stock investment, bond
investment and real estate. The goal of this course is, by using measures like spread, rating,
credit worthiness, cost of capital, yield, maturity and financial risk, to show how it works in
practice, both in Croatia and in foreign capital markets, in order to enable students to
successfully understand and use concepts of modern corporate finance. Furthermore,
emphasis will be put upon financial engineering in such a way that the student acquires
knowledge necessary for creating a financial model (with program support) using all
relevant financial formulas, and implementing them in the analysis of accounting reports
such as the balance sheet, profit and loss account, and cash flow, with the goal of calculating
the rate of return of a specific investment (profitability index, NPV, IRR, etc) for the
shareholders, and debt for the lenders.
CLASS HOURS
Lectures 12 lectures*3 hours 3 lectures*4 hours
Total 48 hours
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TOPICS
Introduction to financial management and time value of money.
Stock valuation.
Bond valuation.
Techniques for measuring investment profitability.
Optimal capital structure decisions.
Financial reports analysis (special topics).
Fundamentals of long term financial planning.
Company valuation.
Mergers and acquisitions.
Dividend policy.
ELEMENTS OF GRADE
LITERATURE
1. Brealey, Myers, Marcus: Fundamentals of Corporate Finance, McGraw-Hill (5th
edition, 2007) (“BMM”).
2. Van Horne, Wachowicz Jr. :Osnove financijskog menadžmenta, (9th. edition, Mate).
3. Van Horne :Financijsko upravljanje I politika, 9. izdanje, Mate.
4. Narayanan M. P. i Nanda Vikram K. : Financije za strateško odlučivanje, Mate, 2007.
5. Corporate finance Jonathan Berki Peter De Marzo, Pearson.
6. Financial Management Raymond Am. Brooks, Pearson.
7. Financial Management Sheridan Titman, Arthur aj. Keown I John d. Martin, Pearson.
8. BlackBoard+Excel.
Final Grade Components: Percentage: Exam 100% Participation 10%
Total 110%
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(IT628) ELECTRONIC COMMERCE MANAGEMENT (ECTS 5)
Course is consisted of lectures complemented with case studies and in parallel with
progress of lectures student will develop their e-commerce business plan for chosen
business idea related to field of e-commerce or e-business. Main emphasis is on case
studies and student activity in the class during lectures.
COURSE OBJECTIVES
The course objectives are to teach students to understand technological concepts of
Internet, World Wide Web and Web 2.0 applications, to teach students to use different
programs and tools for realization of e-business project, to analyze and understand main
trends in e-business, to create e-business plan, to monitor and participate on global world
market by using ICT and prepare students for lifelong learning.
CLASS HOURS
Lectures 20 hours (10*2 hours) Computer practice 10 hours Case studies 6 hours Project presentations 4 hours Total 40 hours
TOPICS
Basics of modern Web and service oriented architecture.
Concepts of Cloud based application, Window Azure, Google Apps.
CMS, Web 3.0, Web of things.
E-commerce business models, choosing the right software and hardware.
E-commerce security threats.
Internet marketing tools and technologies.
Law and ethics in a Virtual World.
Mobile commerce, NFC, mobile payment and advertisement.
Online retail, content, online publishing and online entertainment industry.
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E-commerce potentials, social networking, online gaming, virtual Worlds-Market
space and business opportunities.
ELEMENTS OF GRADE
*Additional elements:
1. Helping others in BB forum 3%
2. Posting and argumenting articles on innovations in the field of E-commerce 3%
3. Using new tools/technology/skills 5%
LITERATURE
1. E-commerce - business. technology. society, Kenneth C. Laudon, Carol Guercio
Traver, 2012.
2. E-commerce, Managerial and Social Networks Perspective, E. Turban, Pearson 2012.
3. E-business & E-commerce Management, Strategy, Implementation and Practice, D.
Chaffey, Prentice Hall, 2011.
Final Grade Components: Percentage: Student class activity 20% Project 60% Attendance 10%
Computer practice activity 10% Total 100%
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(FN548) FINANCIAL DERIVATES (ECTS 5)
The course deals with market strategies based on financial derivatives, and different concepts of
risk insurance (hedging). The theory that deals with the lectures extensively supported by practical
examples from the world of finance, so that students get a detailed insight into the issues and
challenges they face every day of the investment company, and meet customer requirements. The
very principle of valuation of futures and options requires a mathematical approach, since the basic
relations are based on the principle of' the impossibility of the existence of arbitration (concept of
no arbitrage).
COURSE OBJECTIVES
The course covers market strategies based on derivatives as well as different hedging concepts. The
lectures do not focus solely on theory, lot of practical examples are discussed so that students get
better overview of the problems and challenges investment companies and their clients face on
daily basis. Option and futures evaluation is based on concept of no arbitrage, so students should
have a good understanding of algebra. This course should attend students who plan to work in risk
or portfolio management, trading, corporate finance or related fields.
CLASS HOURS
Lectures 40 hours (10 days*4 hours) Exercises 12 hours (3 days*4 hours) Total 52 hours
TOPICS
Introduction into derivatives.
Characteristics of futures and forward markets.
Determining futures and forward prices.
Hedging strategies using futures.
Swaps.
Characteristics of option markets.
Properties of stock options.
Option trading strategies.
Binominal option evaluation.
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Option evaluation via Black-Scholes/Merton model.
The Greek letters and hedging.
Index, currency, and future options.
Exotic options, credit and weather derivatives.
Derivatives in practice: structure products/certificates, hedge funds.
Derivatives and last (financial) crisis.
ELEMENTS OF GRADE
Final Grade Components: Percentage: Exam 70% Class activity and case studies 20% Class attendance 10% Total 100%
LITERATURE
1. John C. Hull: Options, Futures, and Other Derivatives, 7th Edition, Prentice Hall, New
Jersey 2008.
2. John C. Hull: Fundamentals of Futures and Options Markets, 7th Edition, Prentice
Hall, New Jersey 2010.
3. Bodie, Kane, Marcus (2001): Počela ulaganja, četvrto izdanje, Mate, Zagreb 2006.
4. Class presentations and other materials on Blackboard.
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(AC650) FINANCIAL FRAUD DETECTION (ECTS 6)
The course is designed to introduce students with a field of fraud prevention and detection
within the company. Students will be introduced to the types of fraud, causes of fraud,
profile of the fraudster, and red flags of fraud. Student will be able to understand the role of
external auditor in fraud detection, and also the roles of management, internal audit and
audit committee in fraud detection and prevention. Student will understand the
importance of forensic auditing in fraud detection, and they will learn about the forensic
audit process and techniques. Furthermore, students will be introduced with case studies
of large corporate frauds such as Enron, WorldCom, Parmalat, Royal Ahold, Kanebo, and
the bankrupt of the largest audit firms in the world, Arthur Andersen.
COURSE OBJECTIVES
The course is designed to provide an introduction to fraud prevention and detection.
Students will be introduced to the types of fraud, causes of fraud, profile of the fraudster,
and red flags of fraud. Student will be able to understand the role of external auditor in
fraud detection, and also the roles of management, internal audit and audit committee in
fraud detection and prevention. Student will understand the importance of forensic
auditing in fraud detection, and they will learn about the forensic audit process and
techniques. Throughout this course they will be introduced to the phases of fraud
investigation, and particularly the interview phase, gathering of evidence, reporting and
court witnessing.
CLASS HOURS
Lectures 30 hours Practical work 10 hours Total 40 hours
TOPICS
Fraud definition and types of fraud.
Auditor liability for detecting fraud.
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Cases of fraudulent financial reporting.
Corporate governance and fraud prevention and detection.
Fraud auditing and forensic accounting.
Steps in fraud investigation.
ELEMENTS OF GRADE
LITERATURE
Soltani, B.: Revizija – međunarodni pristup, prijevod s engleskog jezika, MATE,
Zagreb, 2010.
Materials, presentations, lectures, and cases posted on Blackboard.
1. Auditing Act (Zakon o reviziji, NN br. 146. Od 12.12.2005.).
2. Act on the changes of the Auditing Act (Zakon o izmjenama I dopunama Zakona o
reviziji, NN br. 139. od 03.12.2008.).
3. International Standards on Auditing.
4. Code of Ethics for Professional Accountants.
5. Croatian Audit Chamber (Hrvatska revizorska komora) - International Standards on
Auditing, Code of Ethics for Professional Accountants.
6. Narodne novine (Auditing Act, Act on the changes of the Auditing Act).
7. ACFE – Association of Certified Fraud Examiners.
Final Grade Components: Percentage: Participation in class 20% Individual paper 10% Questionnaire on ethics 10% Written exam 60% Total 100%
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(FN765) FINANCIAL INSITUTIONS AND MARKETS (ECTS 5)
This course deals with financial markets, where participants are given asymmetrical information.
The main intention is to cover basic concepts, as well as to review current issues within the area of
financial markets and institutions. We'll examine the role of financial intermediaries in the process
of resolving information asymmetry on the loan market and in promoting economic growth.
COURSE OBJECTIVES
The main goal of Financial Institutions and Markets course is to introduce main types of financial
institutions, markets and instruments as well as to improve knowledge of the model of functioning
of international markets and institutions, interaction of main market participants and institutional
and regulatory environment. Students should be learnt how to create critique overview of general
and particular financial market events as well as clear insight in market structure and development.
Students would be able to recognize key patterns and trends in global financial markets and to
evaluate their impact on national economies and markets.
CLASS HOURS
Lectures 40 hours Total 40 hours
TOPICS
The development and trends in global financial system.
The theory of financial structure: transaction costs and asymmetric information.
The yield curve interpretation.
Monetary policy of central banks and their impact on financial markets.
The comparison of banking systems (US, EU and Croatia).
The foreign exchange market and international financial system.
Euromarkets (Eurocurrency and Eurobond markets).
Commodities market.
Financial markets in Croatia.
The instability of financial system (financial crises in developed and developing
countries).
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Specialized financial institutions (leasing, factoring, hedge funds, private equity
funds, sovereign wealth funds).
The management of financial institutions (credit, currency, interest rate risk
management).
ELEMENTS OF GRADE
Final Grade Components: Percentage: Final exam 90% Class participation 10% Total 100%
LITERATURE
1. Financial markets and institutions; Mishkin, Eakins; Mate Zagreb.
2. Presentation and working materials on Blackboard.
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(FN764) FINANCIAL INSTITUTIONS RISK MANAGEMENT (ECTS 5)
This subject is an introduction to the main financial risks faced by banks and other financial
institutions. Within this framework, students will learn the role and importance of efficient
functioning of risk management in financial institutions.
COURSE OBJECTIVES
Students will identify issues of ethics and social responsibility in the analysis and application of risk
in the financial and corporate sectors, and to predict the costs and benefits of using particular
methods of risk assessment, which will present a written exam. Students will be based on a case
study that will be handled in the classroom to identify stakeholder interest in the problems of
business ethics and CSR.
CLASS HOURS
Lectures 40 hours Total 40 hours
TOPICS
Basic of risk.
Importance of financial stability.
Role of international regulation.
Credit risk.
Advances approach in modeling credit risk.
Basics of market risks.
Modeling of market risks.
FX risk.
Interest rate risk.
Liquidity risk.
Operational risk.
Modeling of operational risks.
Future directions in monitoring the risk of financial institutions and setting trends in the
international regulations and the implementation of national regulations.
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ELEMENTS OF GRADE
Final Grade Components: Percentage: Exam 70% Individual seminar 20% Class activity 10% Total 100%
LITERATURE
1. H. van Greunig, S.B. Bratanović; Analiza i upravljanje bankovnim rizicima, MATE, 2006.
2. Saunders, Anthony, Financial Institutions: A Risk Management Approach, McGraw-Hill, 6.
edition, 2007.
3. BlackBoard – materials, presentations, case studies.
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(AC518) FINANCIAL INSTRUMENTS ACCOUNTING (ECTS 4)
The aim of this course is for students to grow a closer view to the accounting side of
financial instruments, that is, how certain financial instruments are recorded in the
accounts of enterprises. Students will gain knowledge about what the financial instruments
are, financial assets and financial liabilities, and will learn how to express recognition and
initial measurement of those assets and liabilities. Other issues with which students will be
introduced are: accounting and tax aspects of the subsequent measurement of financial
assets and financial liabilities, unrealized gains / losses on value adjustments, impairment
of financial assets; reclassification of financial assets, equity instruments, accounting and
tax aspects of derivative financial instruments.
COURSE OBJECTIVES
The course primarily aims at learning about the financial instruments from the accounting
and tax aspect. Special attention will be drawn to the accounting coverage including
recognition and measurement of financial instruments in business ledgers and disclosure
of information about financial instruments in the financial statements in accordance with
the legal regulations and the accounting standards. Students will be acquainted with the
ways how a different disclosure of the financial instruments affects the balance sheet
positions (financial assets, financial liabilities and company's equity) and affects income
and expenses as well as the financial result in the Income statement (P&L). The emphasis is
on solving case studies (practical examples) during which students will practice their
critical and analytical thinking and gain practical knowledge about the initial and
subsequent recognition, measurement and disclosure of different financial instruments
(debt, equity instruments and derivative financial instruments).
CLASS HOURS
Lectures and exercises 40 hours Total 40 hours
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TOPICS
Financial instruments – introduction, terminology, types of financial instruments.
Financial assets and financial liabilities in company's balance sheet.
Subsequent measurement of financial assets and financial liabilities.
Impairment (value deduction) of financial assets.
Reclassification of financial assets.
Regular sale of financial instrument.
Collection and non-collection acquisition of private shares.
Derivative financial instruments, accounting and tax aspect.
ELEMENTS OF GRADE
LITERATURE
1. International Financial Reporting Standards (Međunarodni standardi financijskog
izvještavanja), Narodne novine br. 136/2009.
2. Hennie Van Greuning, International Financial Reporting Standards: A Practical
Guide (Međunarodni standardi financijskog izvješćivanja: Praktični vodič), MATE,
Zagreb, 2006.
3. Blackboard:Presentation of lectures, additional materials.
Final Grade Components: Percentage: Written exam 85% Case study 15%
Total 100%
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(SC558) FINANCIAL LAW (ECTS 2)
The main objective of this course is to provide students valuable knowledge about the application
of legal concepts in national and international business transactions, as well as prepare students for
success in a business environment where more and more intertwined influences of different legal
systems. Topics of this course are focused on issues faced by companies operating in the domestic
and international markets, and will therefore be of particular interest to students interested in
careers of managers in various economic fields including banking, finance and consulting local
international company.
COURSE OBJECTIVES
Through case studies, students will identify issues related to ethics and corporate responsibility, as
well as implications of the value system in view of long-term profits and losses. Students will learn
about key supervisory institutions of credit and financial institutions, as well as about types of
financing through loans, issuance of securities and venture capital investments. Students will also
learn about various types of investment funds, as well as about practical aspects of working on
financial transactions.
CLASS HOURS
Lectures 20 hours (10 days*2 hours) Total 20 hours
TOPICS
Supervision of financial markets.
Public and private offerings of securities and capital markets regulation.
Main types of financing in Croatia and on international markets.
Other forms of financing.
Venture capital investments.
Investment funds.
Practical example of work on a transaction: from due diligence to announcement of the
transaction.
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ELEMENTS OF GRADE
Final Grade Components: Percentage: Final case study 80% Class attendance 10% Class participation 10% Total 100%
LITERATURE
Mandatory literature will consist of materials prepared before each lecture and accessible via
BlackBoard. They will typically consist of introductory material for the relevant topic, as well as
short problem sets and longer case studies. Students are recommended to read the required
reading before each lecture.
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(AC527) FINANCIAL REPORTING (ECTS 6)
The aim of the course is to analyze the application of the International Financial Reporting
Standards (IFRSs) through selected case studies. Students will be presented the regulatory
framework for financial reporting in the EU and Croatia based on regulations and
international standards. The content and structure of the IFRS will be historically reviewed.
Special attention will be given to the formulation of the accounting policy in the areas of
recognition and measurement of accounting categories as well as of publishing in the
accounting reports pursuant to the IFRS.
COURSE OBJECTIVES
The course primarily aims at learning about the role and importance of IAS / IFRS in
process of financial reporting with reference to appropriate accounting procedures of
recognition, initial and subsequent measurement of the elements of financial statements
and adequate requirements for presentation and publication. Students will also get
acquainted with impact that business decisions have on value of assets, liabilities and
equity of business entity that is on its business results and financial position. The emphasis
is put on solving case studies using critical and analytical thinking and on acquiring
practical knowledge about the importance and influence of International Financial
Reporting Standards (IFRS) on the process of financial reporting. Financial reports
prepared in accordance with IFRS are the base for fair and truthful financial statements
presentation of business success, financial position and changes in financial positions of the
entity for the purpose of external users, financial market participants. Students should
understand the importance of ethics in financial reporting.
CLASS HOURS
Lectures 40 hours Total 40 hours
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TOPICS
Financial reporting.
Long term asset – tangible and intangible assets.
Property investment and lease.
Financial asset.
Short term asset.
Equity and long term reservations.
Income, expenses and profit.
Financial statements.
Business combinations.
Preparations for the exam.
ELEMENTS OF GRADE
LITERATURE
1. International Financial Reporting Standards (Međunarodni standardi financijskog
izvještavanja), Narodne novine br. 136/2009.
2. Act on the Accounting (Zakon o računovodstvu), Narodne novine br. 109/2007.
3. Hennie Van Greuning, International Financial Reporting Standards: A Practical
Guide (Međunarodni standardi financijskog izvješćivanja: Praktični vodič), MATE,
Zagreb, 2006.
4. Presentation of lectures, additional materials.
Final Grade Components: Percentage: Written exam 100% Total 100%
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(AC651) INDIRECT TAXES IN CROATIA (ECTS 5)
The purpose of this course is to familiarize students with the tax system in Croatia, based
on indirect taxes. For these purposes, students will be thoroughly familiar with the
functioning of the taxation on value added tax. When it comes to value added tax, students
will be familiar with all the characteristics of value added tax. Tax base and pre-tax
deduction of incoming invoices will be discussed under this course. In particular they will
discuss the specifics of tax services. In addition, students will be familiar with the specifics
of real estate tax, excise and all other forms of indirect taxes in the Republic of Croatia.
COURSE OBJECTIVES
The goal of this course is acquirement of basic theoretical knowledge on tax regulations
and Croatian tax system with special emphasis on indirect taxes. During the course, tax
legislation on assessment and collection of indirect taxes will be studied together with their
implications on financial reports, primarily on the balance sheet and the profit and loss
account. In the course students will deal with case studies (practical examples), during
which they will present their critical and analytical thinking, which will help gain practical
knowledge on the calculation of the value added tax, real estate tax, consumption tax and
other special taxes and excise duties that companies, the state and individuals must
regularly pay.
CLASS HOURS
Lectures 40 hours Total 40 hours
TOPICS
Introduction to Croatian tax system.
Comparative review of indirect taxes in Croatia and in EU, EU legislation.
Taxation of goods and services, value added tax.
VAT – object of taxation and place of taxation, case study 1.
VAT – tax ability, case study 2.
30
VAT – invoicing, taxation period and taxation procedures, case study 3.
VAT – deduction of input tax, tax refund, special taxing procedures, case study 4.
VAT – liability of bookkeeping, keeping records, tax return, case study 5.
Recording VAT liability according to Tax Administration supervision, penal
provisions, case study 6.
VAT – problem-solving assignment.
Special taxes, excise duties, real estate transfer tax.
City or municipal taxes, consumption tax, taxpayer, object of taxation, tax rate, tax
relieves.
Summary and preparation for exam term.
ELEMENTS OF GRADE
LITERATURE
1. Šimović, J. - Arbutina, H. - Mijatović, N.-Rogić-Lugarić, T.- Cindori, S.: "Croatian fiscal
system", Narodne novined.d., Zagreb, 2010.
2. The Value Added Tax Law, Official Gazette 47/95, 106/96, 164/98, 105/99, 54/00,
73/00, 48/04, 82/04, 90/05, 76/07, 94/09, 22/2012
3. Value Added Tax Ordinance, Official Gazette 149/2009, 89/2011.
4. The Law Concerning the Financing of Units of Local Government and Regional Self-
Government, Official Gazette, br. 117/93, 33/00, 73/00, 59/01, 107/01, 117/01-
ispravak, 150/02, 147/03, 132/06, 73/08
5. The Real Estate Transfer Tax Law, Official Gazette 69/1997, 26/2000, 127/2000,
153/2002, 22/2011
6. Blackboard: Power point presentations, additional materials available on BB.
Final Grade Components: Percentage: Written exam 100%
Total 100%
31
(MK787) INTEGRATED MARKETING COMMUNICATIONS (ECTS 5)
Integrated marketing communication follows specialized courses in the marketing area.
Communication is one element of the marketing mix, exposed to the public, and, therefore,
a very sensitive one. In this course, students are expected to understand main types and
methods of marketing communication, as a part of marketing strategy: paid and unpaid
communication, mass and personal, direct and indirect, with and without technological
support, emphasizing the representative ones, bearing in mind, however, today's level of
development.
COURSE OBJECTIVES
The course uses an interactive format offering plenty of opportunities for participants’
engagement and for gaining conceptual and hands-on experience. Team work – in and
outside the class room – enhances the collaboration and communication skills of the
participants. The course blends several teaching methods to create a challenging and
stimulating learning environment. Besides the lecture format that presents key concepts
and theories, case discussion, role plays, team presentations and in-class exercises deepen
the understanding of the course materials and the participants’ critical and analytical
thinking.
CLASS HOURS
Lectures 40 hours Total 40 hours
TOPICS
Integrated marketing communications – overview, course objectives, structure and
practicalities.
The role of IMC in marketing, elements of IMC.
The communication process: source-message-medium-receiver-noise-feedback.
Marketing industry structure-selecting and working with a Marketing Agency.
32
Objectives, strategic planning and budgeting of IMC programmes, budgeting
methods, implementing the communication process.
Presentation of Team assignment.
Development of IMC campaigns-creativity, implementation of IMC campaigns, print
media assessment.
Media planning and strategy, reach and frequency of IMC elements, support media
for promotion and advertising.
Measuring the effectiveness of promotion programmes.
Direct marketing, personal selling, review status of team project.
Internet as interactive marketing medium, marketing in virtual social networks,
special tools in internet marketing, mobile marketing.
Online advertising and SEO (Search Engine Optimization).
Sales promotion, ethical aspects of IMC.
PR, publicity and corporate advertising, IMC Plan: Presentations of team
assignment.
New trends in IMC.
Final test.
ELEMENTS OF GRADE
LITERATURE
1. Belch, George E, Belch, Michael A, (2011). Advertising and Promotion: An Integrated
Marketing Communications Perspective, 9th edition, Global Edition, McGraw-Hill.
2. Clow E. K. and Baack D.E. (2008). Integrated Advertising, Promotion and Marketing
Communication, 4th edition, Pearson Education.
Final Grade Components: Percentage: Final test (multiple choice) 25% Team assignment (IMC plan presentation and report) 25% Team work (in-class exercises and topic presentation) 30%
Individual work (discussion, participation and case analysis) 20% Total 100%
33
3. Cutlip, S. M, A. H. Center, G. M. Broom. (2005). Effective Public Relations (9th
edition), Prentice Hall.
4. Duncan, Tom (2005). Principles of Advertising and IMC (2nd edition), McGraw-Hill.
5. Fill, Chris. (2006). Marketing Communication: Engagement, Strategies and Practice,
4th edition, Prentice Hall.
6. Graydon, Shari, Warren Clark. (2008). Made You Look - How Advertising Works and
Why You Should Know, Toronto: Annick Press.
7. Kotler, Philip, and Gary Armstrong. (2009). Principles of Marketing, (13th edition),
Prentice Hall.
8. Kotler, Philip and K.L. Keller. (2011). Marketing Managment (14th edition), Prentice
Hall.
9. Schultz, Don E., Heidi Schultz. (2003). IMC, The Next Generation : Five Steps For
Delivering Value and Measuring Financial Returns. McGraw-Hill.
10. Smith, Kenneth L., Sandra Moriarty, Gretchen Barbatsis, and Keith Kenney. (2004).
11. Handbook of Visual Communication: Theory, Methods, and Media (LEA'sCommunication
Series), Lawrence Erlbaum Associates.
12. Web sources;
www.AdAge.com
www.Adweek.com
www.aef.com
www.iabc.com/cw/index.htm
www.adage.com
www.advertisementave.com
www.adbusters.org
criptorium.lib.duke.edu/Hartman
dage.com/garfieldtheblog
www.promomagazine.com
www.salesandmarketing.com
www.marketingmag.ca
www.marketing.ie
34
kozinets.net
www.mobilecommercedaily.com
1. Articles
Argenti, Howell and beck, The Strategic Communication Imperative, MIT
Sloan Management Review, Spring 2005.
Edelman, David C. Branding in the digital age." Harvard Business Review
88.12 (2010): 14-18.
Hoffman, Donna L., and Marek Fodor. "Can you measure the ROI of your
social media marketing."MIT Sloan Management Review 52.1 (2010): 41-49.
Kotler, Rackham and Krishnaswamy, Ending the War between Sales and
Marketing, Harvard Business Review. July-August 2006.
Rigby, Darrell. "The future of shopping." Harvard Business Review 89.12
(2011): 65-76.
Rust, Roland T., Christine Moorman, and Gaurav Bhalla. "Rethinking
marketing." Harvard Business Review 88.1/2 (2010): 94-101.
Spenner, Patrick, and Karen Freeman. "To keep your customers, keep it
simple." Harvard Business Review 90.5 (2012).
35
(MN578) INTERCULTURAL TRANSFORMATIONAL LEADERSHIP
(ECTS 5)
This course examines the issue of leadership in the modern world in the light of the current
global economic crisis, rapid economic development and underdevelopment in some
countries and rapid globalization. The world is certainly in need of leaders who are able
help transform organizations, communities and societies and who are able to work
effectively with people inter-culturally and across cultures and/or sub-cultures, to
encourage and facilitate creative problem solving, innovation and entrepreneurship, in
order to meet the challenges of this uncertain and rapidly changing world.
COURSE OBJECTIVES
Students will discuss the importance of ethics and social responsibility in applying
transformational leadership. They will discuss how important morality is for the followers.
Also they will critically and analytically assess their work situations by choosing to work on
the most appropriate project relating to their company or workplace. They will have the
opportunity to critically and analytically assess the contribution of their peers during work
groups. Students will also write a reflection paper where they critically and analytically
ponder on what they have learnt while working on the project.
CLASS HOURS
Contact hours 20 hours Total 20 hours
TOPICS
Leadership requirements in a rapidly changing and globalizing world.
Strategic evolution as a leadership process: People-centered visionary leadership.
Facilitating creativity, innovation and entrepreneurship through strategic
entrepreneurship and an entrepreneurial strategy: The mentor in the background.
36
Empathy and morality as essential characteristics of transformational leaders who
are both socially responsible and responsive: An inter-cultural phenomenon.
Training inter-cultural and transformational leaders: The SEED program.
ELEMENT OF GRADE
Final Grade Components: Percentage: PowerPoint presentation 40% Final paper 60% Total 100%
LITERATURE
1. Bass, Bernard M. and Ronald E. Riggio, Transformational Leadership, (2nd ed.),
Mahwah, N.J., Lawrence Erlbaum Associates, 2006.
2. Komives, Susan R., Wendy Wagner, and associates, Leadership for a Better World:
Understanding the Social Change Model of Leadership Development, San Francisco:
Jossey-Bass, 2009.
3. Kouzes, James M., and Barry Z Posner, A Leader’s Legacy, San Francisco: Jossey-Bass,
2006.
4. Kouzes, James M., and Barry Z Posner, The Leadership Challenge, (3rd ed.), San
Francisco: Jossey-Bass, 2002.
5. Mendenhall, Mark E., Torsten M. Kuehlmann, and Guenter K. Stahl, Developing
Global Business Leaders: Policies, Processes, and Innovations, Westport,
Connecticut: Quorum Books, 2001.
6. Pierce, Jon L., and John W. Newstrom, Leaders & the Leadership Process: Readings,
Self-Assessment & Applications, Singapore: McGraw Hill, 2008.
7. Strack, Rainer, et.al., Creating People Advantage 2010: How companies can adapt
their HR practices for volatile times, Boston, MA.: The Boston Consulting Group &
World Federation of People Management Association, 2010.
8. Yukl, Gary, Leadership in Organizations, (7th edition), NJ: Pearson, 2010
37
(FN546) INTERNATIONAL FINANCIAL MANAGEMENT (ECTS 5)
This course indicates potential risks and investment opportunities which modern financial
managers face in the world of volatile exchange rates, interest rates, and different financial and
accounting systems. The course is divided into the following basic units: foreign exchange market,
international money and capital markets, liability to interest rate and exchange rate risk, using
derivatives in risk management, including options, futures and swaps, and financial innovations on
global markets. Additionally, the course deals with historic and current credit crises, including
debates on the topic of occurrence, effects and lessons in which the newest research in the field is
applied.
COURSE OBJECTIVES
The objective of this course is to explore the principal risks and opportunities faced by corporate
financial managers and international money managers in a world of credit crisis, volatile
currencies, interest rates and different financial, accounting and fiscal systems. The main topics that
will be considered include foreign exchange markets, international money and capital markets,
interest rate and currency exposure and understanding derivate instruments to manage risk,
including options, futures and swaps, financial innovations in the raising of funds in global markets.
The points of view taken will be those of (i) corporate financial managers and (ii) international
investors.
CLASS HOURS
Lectures 32 hours (8 sessions*4 hours) Total 32 hours
TOPICS
Introduction of international financial management.
The foreign exchange rate market, exchange rate determination.
FX markets, FX parity relations and exchange rate determination (continued).
Corporate governance around the world.
Forward, futures and options contracts.
Currency exposure and the case for hedging.
38
International banking and money market.
Student presentations and class discussion.
FDI and cross-border acquisitions.
ELEMENTS OF GRADE
Final Grade Components: Percentage: Case study presentation &write up 40% Class participation 10% Final exam 50% Total 100%
LITERATURE
1. Eun-Resnick-Sabherwal, International Finance, 6. ed., McGraw-Hill Higher
Education; 2011.
2. Additional reading materials will be distributed via Blackboard before classes.
39
(MK589) INTERNATIONAL MARKETING (ECTS 4)
The course begins by introducing the two imperatives of international marketing: the
strategic imperative and the cultural imperative. It then explores more deeply the role of
culture in international marketing. The course continues by introducing a strategic
framework for international marketing management, proceeding in a step-wise manner
through this framework, and emphasizing the activities of: internationalization candidate
market selection; international marketing research; international marketing strategies;
internationalization modes; international segmentation, targeting, and positioning; the
international marketing mix; and international marketing implementation and control.
COURSE OBJECTIVES
The course objectives are providing you with knowledge of international marketing
concepts and theories and giving you both the skills and the opportunity to apply these
international marketing concepts and theories in a variety of organizational, industrial, and
cultural contexts.
CLASS HOURS
Course sessions 16 hours Readings and preparation 44 hours Internationalization project 60 hours Total 120 hours
TOPICS
Introduction to international marketing.
The cultural imperative of international marketing.
International consumers.
International triggers and international candidate market selection.
International marketing research.
International marketing strategies.
40
Internationalization modes.
International product, price, place, promotion.
ELEMENTS OF GRADE
LITERATURE
There is no textbook for this course. However, readings, which complement the course will
be provided.
Final Grade Components: Percentage: Participation 20% Internationalization project 80%
Total 100%
41
(FN555) INVESTMENTS (ECTS 6)
The course is concerned with the concepts and techniques employed in placing capital into
the global marketplace. In the introductory part students will acquire basic knowledge of
the principles of investing. Types and characteristics of securities available for investing
will be analyzed as well as the markets in which they are traded and the surrounding
investment environment. Proper valuation of these instruments will then be examined and
criteria for their selection in investment portfolios listed. The course covers modern
investment theory and traditional approaches of selecting and managing investments. An
important part is centered on the implementation of technical analysis and behavioral
finance findings on security analysis. Relevant asset allocation strategies will also be
presented. The practical part of the course consists of case studies and project assignments
for group and individual solving. This way, investment practice in the global environment
will be directly linked and integrated to the investment theory presented in the course.
COURSE OBJECTIVES
The course objective is to provide students with a complete overview of the investment
process. Also, through case studies and project assignments students be will encouraged to
think analytically, i.e., to locate and solve problems in capital market practice. Adopted
knowledge should help the participants making rational investment decisions.
CLASS HOURS
Lectures 40 hours Total 40 hours
TOPICS
The investment background.
The organization and functioning of securities markets.
Risk and return.
Efficient markets.
The capital asset pricing model.
Equity valuation.
42
Technical analysis.
Behavioral finance.
Stock screening.
Asset allocation.
Global investing.
ELEMENTS OF GRADE
LITERATURE
1. Essentials of Investments; Bodie, Kane, Marcus; MATE d.o.o. Zagreb.
2. Damodaran on Valuation: Security Analysis for Investment and Corporate Finance,
2nd Edition, AswathDamodaran; MATE d.o.o. Zagreb.
3. Course materials on Blackboard.
Final Grade Components: Percentage: Written report and oral presentation of security analysis 1 10% Written report and oral presentation of security analysis 2 10%
Final exam 80%
Total 100%
43
(AC526) MANAGERIAL ACCOUNTING (ECTS 3)
This course will prepare students/managers for critical and analytical thinking while
making business decisions based on currently available information from different types of
financial reports. This way, students/managers should be able to use the knowledge they
acquire in everyday situations int he companies where they work. This course includes
topics such as interpretation and analysis of basic financial reports, cost calculation and the
business budgeting process, and interpretation of new concepts used to measure company
value for stockholders.
COURSE OBJECTIVES
Students should develop managerial skills and abilities that will allow them to apply the
theory covered to solve real-life problems in the field of cost accounting. As well as develop
managerial skills and abilities that will allow them to apply the theory covered to solve
real-life problems in the field of budgeting and beyond.
CLASS HOURS
Lectures 10 hours (5 days*2 hours) Classroom exercises 10 hours (5 days*2 hours) Total 20 hours
TOPICS
Syllabus, basic financial statements.
Classic costing methods, Break-Even analysis.
Budgeting in business, the master budget and flexible budgets in companies.
Capital budgeting, projecting future cash flows of investments.
Measuring the value created for stakeholders (SHV, EVA, DFCF, MVA, EPS).
44
ELEMENTS OF GRADE
LITERATURE
1. Management and Cost Accounting; A. Bhimani, C. T. Horngren, S. M. Datar, G. Foster;
2008, 4th
Edition, Prentice Hall, Pearson Education Limited, Harlow, England.
2. Raučnovodstvo: Temelj poslovnog odlučivanja; R. F. Meigs, W. B. Meigs; 1999, 9.
izdanje, MATE, Zagreb.
3. Osnove upravljačkog računovodstva; 2000, L. Chadwick; MATE d.o.o., Zagreb.
4. Managerial Accounting; M. S. Oliver, C. T. Horngren; 2010, 1st
Edition, Prentice Hall,
Pearson Education International, New Jersey.
5. Blackboard
Final Grade Components: Percentage: Oral presentation 70% Active class participation 20% Attendance 10% Total 100%
45
(MK588) MARKETING METRICS (ECTS 5)
The goal of the course is to determine what needs to be measured and which metrics
should be used concerning marketing strategy. Evaluation and control are the core
elements of marketing strategy, and measurements are the basis of evaluation and control.
The course will try to provide answers to the following questions: How can you measure
consumer satisfaction and brand preference? How much should the sales rise to be able to
cover the expenses of investing in new labor? How will the decrease in price influence
sales? What are the impacts of advertising?
COURSE OBJECTIVES
The course is developed for interactive and team work involvement giving you
opportunities for cooperation and helping you in the process of becoming a productive
work team member. Besides lecture format which will present key concepts and theories,
this course features discussions, case studies, problems, and in-class presentations and
exercises which further develop your understanding of the course materials as well as
critical and analytical thinking.
CLASS HOURS
Lectures 24 hours Total 24 hours
TOPICS
Syllabus, video coverage, class discussion of in-class activity.
Team 1 presents on chapter 2.
Team 2 presents on chapter 3.
Team 3 presents on chapter 4.
Class discussion on customer satisfaction.
Team 4 presents on chapter 5.
Team 5 presents on chapter 6.
Class discussion on perceptual mapping and video.
46
Team 6 presents on chapter 7.
Team 7 presents on chapter 8.
Lecture and activity on ROI.
Team 8 presents on chapter 9.
Team 9 presents on chapter 10.
Lecture and activity.
In-class written, comprehensive examination.
ELEMENTS OF GRADE
LITERATURE
1. Dawn Iacobucci, 2013 Marketing Models: Multivariate Statistics and Marketing
Analytics.
2. Text
website:http://www.owen.vanderbilt.edu/vanderbilt/data/research/2352full.pdf
3. Research and performance measures and metrics available at IAB; www.iab.net
Final Grade Components: Percentage: Team Presentation 25% Individual Examination 50% Class Attendance 25% Total 100%
47
(MK593) MARKETING SIMULATIONS (ECTS 5)
The goal of this course is to introduce students to practical applications of marketing
strategy, starting with challenges every marketing manager faces. Usually, the challenges
include: (1) market assessment, competition and conditions that affect sales of products
and services, (2) market segmentation, choosing a target market and a marketing mix, (3)
strategies through which a competitive advantage is maintained in different market and
competitive conditions (introduction, growth, maturity and decline phases). The base of
course is a simulation of marketing strategy, Markstrat, in which students will make
decisions on their own marketing strategies, with set parameters, on a market experiencing
strong competition.
COURSE OBJECTIVES
This marketing course is designed to provide an in-depth understanding the job of a typical
marketing manager in marketing departments. The course will draw knowledge and skills
from a variety of areas, including marketing strategy, consumer behavior, market research
and statistics. The key element of this course is Markstrat, the marketing simulation game.
The course attempts to simulate the marketing manager's job through the development
and implementation of a marketing plan in the context of Markstrat simulations.
CLASS HOURS
Lectures 10 hours Simulation + presentation 30 hours Total 40 hours
TOPICS
Syllabus, introduction to Markstrat simulation, quiz 1.
Quizzes 2 and 3, segmentation and product positioning, brand perceptions,
Marketing plan outline, Markstrat decision 1.
New market strategy, quiz 4, Makrstrat decision 2.
Product life cycle: introduction, Makrstrat decision 3.
48
Product life cycle: growth, Makrstrat decision 4, quiz 5.
Product life cycle: maturity, Makrstrat decision 5.
Product life cycle: decline, BCG matrix,Makrstrat decision 6, quiz 6.
Markstrat decision 7, product development new brands and modifications.
Markstrat decision 8 and 9.
Presentations of the results, comparing Marketing plans with final results.
ELEMENTS OF GRADE
LITERATURE
1. Larreche, Jean-Claude, Hubert Gatignon, and RemiTriolet: Markstrat Online by
StratX, Student Handbook, StratX, 2010.
2. Bangs, David H, Jr. Market Planning Guide, Dearborn, 2002.
3. Chernev, Alexander. The Marketing Plan Handbook, 2nd edition, 2010.
4. Cravens, David W., and Nigel Piercy. Strategic Marketing, (8th international edition),
2008.
5. Marušić, Mira. Plan marketinga, Adeco, 2006.
6. Walker, Orville, Mullins, John, and Boyd, Harper Jr. Marketing Strategy: A Decision
Focused Approach, McGraw Hill, 7e, 2011.
Final Grade Components: Percentage: Individual participation in the group work 25% Written business report 25% Individual presentation 20%
Completing six online examination 30% Total 100%
49
(FN547) MAXIMIZATION AND MEASUREMENT OF COMPANY VALUE
(ECTS 5)
This course is designed to help students comprehend the continuing and systematic
management of functions within organizations so that they may compete in the corporate
world of the 21st century. This course will contain the Capstone computer simulation. The
importance of maximizing value for shareholders and its numerous aspects will be
discussed using theoretical concepts, which will be implemented during this project.
Students will control all the aspects of a business: production, sales, marketing,
distribution, financing, human resource management, etc.
COURSE OBJECTIVES
Apart from learning how to steer a company toward long-term maximization of
shareholder value, students will learn theoretical concepts on how to measure company
performance as well as what critical success factors influence value of a company. For
example how strategically think in terms of creating long-term value for shareholder,
identify critical success factors that contribute to strategic management processes within a
multinational business environment, etc.
CLASS HOURS
Lecturing 30 hours Lab 15 hours Total 45 hours
TOPICS
Introduction into the simulation, students form teams.
Review of students individual reports, make Practice round 1.
Review report on students completing homework, results for Practice round 1.
Make Practice round 2 and 3.
Review results for Practice round 3.
Review results for Practice round 4.
50
Make Competition round 1.
Review results for Competition round 1.
Make Round 2.
Review results for Competition round 2.
Make Round 3 through Round 7.
Review results for Rounds 2-6.
Make Round 8.
Review results for Round 7.
Stockholders final debrief presentations.
ELEMENTS OF GRADE
LITERATURE
1. Capstone Team Member Guide with MSI Disk. Management Simulations, Inc.
Northfield, IL.
2. Materials distributed in the class.
3. BlackBoard.
Final Grade Components: Percentage: Capstone simulation outcomes (+class participation) 30%
Team presentation 40% Written report 20%
Active participation 10% Total 100%
51
(MN577) MEASUREMENT APPLICATION IN HUMAN RESOURCE
MANAGEMENT (ECTS 5)
This course will prepare students for measurement in Human Resource Management
(HRM). Upon the completion of the course students will understand the importance,
complexity and challenges of measurement in HRM. They will also develop skills for
designing different measurement methods, such as ratios, questionnaires, focus groups etc.
Students will learn how to analyze and interpret quantitative and qualitative data, and how
to present and use this data for decision-making in Human Resource Management. The
course will consist of lectures, discussions, guest lectures by HRM professionals from
business community, and a series of workshops.
COURSE OBJECTIVES
Students will have the opportunity to discuss differences between foreign and Croatian
HRM practices. Furthermore, students will need to develop solutions suitable for their own
work settings. Students will also participate in in-class discussions on different HR
measurement topics and critically analyze and discuss Croatian HR measurement practices
that will be presented by guest lecturers from the business community. Upon completion of
the course students will be able to design a Human Resource metrics system for companies
they work for. Students will design improvements in the HR metrics system of the
companies they work for.
CLASS HOURS
Lectures 40 hours (2 weeks*20 hours) Total 40 hours
TOPICS
Introduction – importance of HR measurements, tools for HR measurement,
challenges in HR measurement, HR measurement as a mindset examples of HR
measures.
Questionnaire – how to develop your own.
52
Focus groups.
Basics of statistics – review, quantitative and qualitative data analyses.
Interpretation and data presentation.
Student presentation.
ELEMENTS OF GRADE
Final Grade Components: Percentage: Discussion and workshop participation 30% Attendance 10% Project presentation 60% Total 100%
OR
Final Grade Components: Percentage: Test 40% Written project 60% Total 100%
LITERATURE
1. During the course, students will be given handouts in class or digital copies of
scholarly articles through Blackboard. Students are expected to use search engines
such as Ebsco and Emerald Insight for retrieving relevant materials.
53
(MN573) PERFORMANCE MEASUREMENT AND REWARDS (ECTS 5)
This course is designed to provide graduate students with a solid theoretical foundation in
the principles of performance measurement and reward systems, as well as an
understanding of related contemporary human resource management strategies, practices
and issues. Performance measurement and rewards systems are integral components of a
firm’s overall human resource ‘system’. These important aspects must be horizontally
integrated with a firm’s HR strategy as well as vertically integrated with a firm’s overall
business strategy. Consequently this course is positioned to build synergy with other HR
and management courses in the curriculum.
COURSE OBJECTIVES
Students will get familiar with and demonstrate knowledge from the field performance
measurement and reward systems in general. More specifically, they will gain knowledge
about performance measurement in the context of strategic management, get familiar with
types of performance measurement and learn about their application in the real world.
Regarding reward systems, students will gain knowledge about different types of rewards
and their management as well as demonstrate their own employee recognition program.
CLASS HOURS
Lectures 40 hours (2 weeks*20 hours) Total 40 hours
TOPICS
Introduction to Performance management.
Managing motivation.
Results based measurement.
Behavior based measurement.
Competencies based measurement.
Guiding principles of rewards management.
54
The role of rewards in individual, team and organizational performance.
Rewards for individual employee performance.
Short and long-term incentive plans.
Employee recognition programs.
Special issues in rewards management.
ELEMENTS OF GRADE
LITERATURE
1. Rewarding Performance-Guiding Principles; Custom Strategies, Robert J. Greene,
Ph.D., ( 2011), Publisher: Rutledge/Taylor & Francis.
2. Shields, J. (2007) Managing employee performance and reward - Concepts,
Practices, Strategies.
3. Other handouts as assigned by instructor.
4. Relevant journal articles.
Final Grade Components: Percentage: Class attendance 10%
Class participation (in class activity, case analysis) 30% Assignment 20%
Discussions (2) 40%
Total 100%
55
(FN553) PORTFOLIO MANAGEMENT AND INVESTMENTS (ECTS 9)
The course consists of two parts: in the first part students will acquire basic knowledge of the
principles of investing, they will analyze the types and characteristics of securities available for
investment, and financial markets in which are they traded and investment environment. It will
also be considered the valuation of financial instruments and their selection criteria for the
investment portfolios of individuals and businesses. The course covers the modern theory of
investment as well as traditional approaches to selecting and managing investments.
COURSE OBJECTIVES
The course objective is to provide students with a complete overview of the investment process and
portfolio structuring. Also, through case studies and project assignments students be will
encouraged to think analytically, i.e., to locate and solve problems in capital market practice.
Adopted knowledge should help the participants making rational investment decisions.
CLASS HOURS
Lectures 60 hours Total 60 hours
TOPICS
The Investment Background.
The Organization and Functioning of Securities Markets.
Risk and Return.
Efficient Markets.
The Capital Asset Pricing Model.
Equity Valuation.
Macroeconomic and Industry Analysis.
Technical Analysis.
Behavioral Finance.
Stock Screening.
Asset Allocation.
56
Portfolio Management Strategies.
Portfolio Monitoring and Rebalancing.
Global Investing.
ELEMENTS OF GRADE
Final Grade Components: Percentage: Written report and oral presentation of security analysis 1 10% Written report and oral presentation of security analysis 2 10% On-line stock market stimulation 5% Written exam 75% Total 100%
LITERATURE
1. Essentials of Investments; Bodie, Kane, Marcus; MATE d.o.o. Zagreb.
2. Damodaran on Valuation: Security Analysis for Investment and Corporate Finance, 2nd
Edition, Aswath Damodaran; MATE d.o.o. Zagreb.
3. Course materials.
57
(MN713) PROJECT MANAGEMENT (ECTS 5)
Efficient project management ensures that projects are done within deadlines and budgets,
and achieve a satisfactory level of quality. The goal of the course is to introduce students to
techniques needed for achieving these three goals. The basic issues and segments of project
management that students will master are: the qualities of efficient project manager,
typical responsibilities of a manager and a choice of a project, providing and developing
projects; development of a detailed work and time plan as well as budget, creating a project
team and keeping it together, managing, controlling the quality of the work on the project
and risk management; communication between members of a project team, investors and
managers; forecasting and avoiding potential problems; specific roles of support services
(finances, marketing, procurement, IT support).
COURSE OBJECTIVES
The course introduces students to the basic concepts of project management. Effective
management of projects ensures that they are completed on time, within budget and are of
high quality. The aim of the course is to familiarize students with techniques needed to
achieve these three goals. Basic topics and segments of project management that students
will address in this course are: quality of an effective project manager, typical
responsibilities of the project manager and project selection, preparation of the detailed
work schedule and budget, creating a project team, management, quality control of the
project; risk management and more.
CLASS HOURS
Lectures 32 hours (8 days*4 hours) Exercises 8 hours (2 days*4 hours) Total 40 hours
TOPICS
Fundamentals of Project Management, project life cycle and organization.
Exercise: Initiation.
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Exercise: Risk management and Project planning.
Recapitulation, exercise: Planning and monitoring.
Exercises: Planning, execution and monitoring.
Overview of process groups.
Knowledge area, interpersonal skills.
Exam.
ELEMENTS OF GRADE
LITERATURE
1. Guide to the Project Management Body of Knowledge (PMBOK Guide) – IV Edition
published by Project Management Institute.
2. Earned Value Project Management, Third Edition, By: Quentin W. Fleming and Joel
M. Koppelman.
3. Practice Standard for Work Breakdown Structures—Second Edition By: Project
Management Institute.
4. http://www.pmi.org/info/default.asp
5. http://www.pmi-croatia.hr/default.asp
6. Harold Kerzner (2000): Applied Project Management. USA: John Wiley & Sons.
Final Grade Components: Percentage: Project 40% Exam (written and oral) 40% Active participation at the lectures 10%
Presence at the lectures 10% Total 100%
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(MN714) QUANTITATIVE METHODS FOR MANAGERS (ECTS 4)
This course covers the role of statistical deduction in reducing uncertainty in the process of
making business decisions. Students will familiarize themselves with the most advances
statistical instruments and methods, and then learn to implement these instruments in
interpreting statistical data and reports.
COURSE OBJECTIVES
The goals of this course are the development of analytical thinking skills through the
identification of statistical significance tied to specific modeling of economic variables,
forecasting the behavior and correlating relationships and connections of economic
variables through the use of quantitative models and new technologies. Students will be
introduced to advanced mathematical and statistical instruments and methods, and then
will gain an insight into the application of these instruments in order to interpret statistical
data and theoretical models.
CLASS HOURS
Lectures 20 hours (3 week, 8+8+4) Exercises 20 hours (3 week, 8+8+4) Total 40 hours
TOPICS
Introduction.
Finance and execution.
Regression model and curve adjustment, forecasting.
Linear programming.
Uncertainty and probability.
Other methods of statistical analysis.
Management in conditions of uncertainty.
Project management, simulations.
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ELEMENTS OF GRADE
Consists of:
LITERATURE
1. Waters, D. (2011), Quantitative Methods for Business, fifth edition, Prentice Hall.
2. Newbold, P., Carlson, L. W. and Thorne, B. (2010), Statistika za poslovanje I
ekonomiju, MATE, Zagreb.
3. Blackboard.
4. Aczel, A. D. and Sounderpandian, J. (2006), Complete Business Statistics, sixth
edition, McGraw Hill, NY.
Final Grade Components: Percentage: Final exam 100% Total 100%
Final Exam Components: Percentage: Knowledge 40% Analytical and Critical Thinking 40% New Technologies 20%
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(MN572) RECRUITMENT AND SELECTION (ECTS 5)
Staffing as a function is owned by Human Resources specialist and managers, but is
successfully performed only by involving top management and executive level
management in the pursuit of best staffing strategy, best human resources strategy, and
ultimately in the pursuit of employer of choice status. Human Resources specialists and
managers must possess specific knowledge and understand expert tools in order to
strategically define, coordinate and manage staffing function. Such tools and knowledge
comprise labor legislation expertise, market research skills, planning and budgeting
competencies, recruitment tools expertise, interviewing skills, competencies in developing
and using job and candidate assessment tools, competence in negotiating, etc.
COURSE OBJECTIVES
This course explains theoretical concepts and practical tools required in implementing and
62 2nd Semester MBA (September- February)
executing an effective staffing function (from recruiting and selecting new hires to
managing their career growth and retention). Each topic will be introduced through a
reading assignment (introduction to a specific topic, case study, discussion questions),
which will set basis for a theoretical introduction to the topic. Each topic will be further
elaborated by analyzing cases, solving problems and discussing experiences. Group project
work will simulate real staffing manager job experience, together with role playing and in
class presentations.
CLASS HOURS
Lectures, group exercises 40 hours (2 weeks*5 working days*4 hours) Total 40 hours
TOPICS
The hiring process.
Job analysis.
HR planning and budgeting.
Labor market and legislation.
Staffing performance.
The recruiting process.
Interviewing.
Selection tests.
Orientation and retention.
Wrap up.
ELEMENTS OF GRADE
Final Grade Components: Percentage: Case study preparation 20% Analysis of reading assignments 15% Written examination 30%
Reflection paper 35% Total 100%
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*Additional elements:
1. In class presentation of a particular case (10%)
2. Written reaction to the case study of another student (10%)
3. Additional reading assignment analysis (5%)
LITERATURE
1. Herbert G. Henneman III, Timothy A. Judge, 2008, Staffing Organizations, 6th
Edition, McGraw- Hill/Irwin.
2. Kevin C. Klinvex, Matthev S. O’Connell, Christopher P. Klinvex, 1998, Hiring Great
People, McGraw- Hill.
3. Charles M. Cadwell, 1988, New Employee Orientation, A Fifty Minute Series Book.
4. Donald L. Caruth, Gail D. Handlogter, 1997, Staffing the Contemporary Organization,
Quorum Books.
5. Dr. Pierre Mornell, 1998, 45 Effective Ways for Hiring Smart, Ten Speed Press.
6. James L. Outtz, 2009, Adverse Impact, Routledge Taylor & Francis Group, A
Publication of the Society for Industrial and Organizational Psychology.
7. Jim Barrett, 2006, Career, Aptitude & Selection Tests, 2nd Edition, Kogan Page.
8. Jim Harris, Joan Brannick, 1999, Finding and Keeping Great Employees, AMACOM.
9. Lou Adler, 2007, Hire With Your Head, John Wiley & Sons
Karen Lawson, 2006, New Employee Orientation Training, Elsevier.
10. Nicholas C. Burkholder, Preston J. Edwards Sr., Libby Sartain, 2004, On Staffing, John
Wiley & Sons.
11. Susan Hodgson, 2003, Brilliant Selection Test Results, Prentice Hall.
12. Sveto Marušic , 2006, Upravljanje ljudskim potencijalima, Adeco.
13. Grupa autora, 2010, Veliki komentar novog Zakona o radu, Vaša knjiga.
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(FN549) RISK MANAGEMENT 1 (ECTS 3)
The course provides students with an overview of risk management methods applied in
financial institutions. After the introductory notes on the reasons for the usage of risk
management methods in practice, the students will hear about theoretical postulates. The
topics that will be discussed are: risk classification, methods of risk measurement and
prediction, Value at Risk Method and learning other risks in the financial world.
COURSE OBJECTIVES
The objective of this course is to teach students the mathematical models used in risk
theory and methodology of market risk management in financial institutions. The aim of
the course is to familiarize students with methods of risk management in financial
institutions such as banks, investment funds and insurers. The course will present various
types of risk in financial operations and will use quantitative methods to analyze various
forms of risk. After introductory remarks on the reasons for using risk management
methods in practice, students will be introduced with the theoretical assumptions. Topics
covered are the classification of risks, measurement and prediction of risk, Value at Risk
method, the application of VaR method for managing investment funds, the method of
historical simulation and Monte Carlo method, and testing of the VaR model.
CLASS HOURS
Lectures 27 hours (9 weeks*3 hours) Exercises 9 hours (9 weeks*1 hours) Total 36 hours
TOPICS
Review of the previous crises on financial markets.
Definition and classification of risks.
VaR methods.
Forecasting risk and correlations.
Delta-Normal VaR method.
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The application of VaR method for managing investment funds.
The method of historical simulation and Monte Carlo method.
Backtesting of VaR model.
ELEMENTS OF GRADE
LITERATURE
1. Course lectures on Blackboard.
2. P. Jorion, Value at Risk, 2007, 3rd ed., McGraw-Hill, New York.
3. Risk Metrics Technical Document, 1996, J.P. Morgan/Reuters, www.riskmetrics.com
4. Pavlić, Statistička teorija I primjena, 1985.,Tehnička knjiga, Zagreb.
5. Garman, Taking VaR to Pieces, Risk Magazine, Vol. 10, No. 10, October 1997.
6. Lopez, J.A., 1999, Evaluating the Predictive Accuracy of Volatility Models, Federal
Reserve Bank of New York, working paper.
7. Andersen, T.G., T. Bollerslev, F.X. Diebold and P. Labys, 2003, Modeling and
Forecasting Realized Volatility, Econometrica, Vol. 71, No. 2., pp. 579-625.
8. Brinson, G. P., L. R. Hood, and G. L. Beebower, 1986, “Determinants of Portfolio
Performance,” Financial Analysts Journal, July-August, pp. 39-44.
9. Mina, J., 2003, Risk Attribution for Asset Managers, Risk Metrics Journal, 3(2): 33–
57.
Final Grade Components: Percentage: Written exam 100%
Total 100%
66
(MN571) STRATEGIES FOR MANAGING HUMAN RESOURCES (ECTS 5)
The goal of this course is to have students apply theory in a simulation game. Students will
learn how recruitment decisions, employee promotions, education and other factors affect
the market position of a company, and what are the consequences for employee
motivation, employee turnover, etc. This course will contain the HR management
simulation.
COURSE OBJECTIVES
Goals of this course are for students to be able to comprehend the strategic fit of HR,
strategic management and the organization, to recognize the applicability of HR practices
to organization success/performance, to develop greater skill in decision-making, to
understand ways of evaluating human resources and the effectiveness of HR practices.
CLASS HOURS
Contact hours 40 hours Total 40 hours
TOPICS
Introduction to strategic human resources management.
Global environment of HR, skills for HR strategist.
Aligning HR to business strategy.
Adding value through people.
Measuring the impact of Strategic HRM (HR metrics).
HR transformations.
Employee engagement.
New trends.
Strategic change-mergers and acquisitions.
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ELEMENTS OF GRADE
LITERATURE
1. George Dreher, Thomas W Dougherty, Human Resource Strategy: A Behavioral
Perspective for the General Manager.
2. Noe, R.A., Hollenbeck, J.R., Gerhart, J.R. i Wright, P.M. (2006). Menadžment ljudskih
potencijala: Postizanje konkurentske prednosti, (III. izdanje). Zagreb: Mate
3. Case studies that will be available in class or on the Blackboard.
4. Additional readings and material during the period of the course (most of materials
will be available through Blackboard).
Final Grade Components: Percentage: Class participation 30% Group assignment (case studies) 35% Simulation-group paper 20%
Individual research paper (reflective paper) 15% Total 100%
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(IT635) SYSTEM ANALZSIS AND DESIGN (ECTS 5)
The course will introduce students to the field of Systems Analysis and Design in general,
and focus on object-oriented concepts, methodology, models and skills as well as on all
accompanying software tools. In this course, we will analyze the case where custom
software is required for solving a business problem or a business process automatization.
We will consider the object-oriented methodology, or analyze a lightweight version of the
Rational Unified. All methodologies require consistent means for describing various
dimensions of a software design. The Unified Modeling Language (UML) provides an
industry-accepted standard graphics language used for describing different aspects of a
software system.
COURSE OBJECTIVES
The students will study different literature from the field of Systems Analysis and Design .
They will link theoretical knowledge with real business cases throught project cases. After
this course, students will be able to identigy and specify the software lifecycle processes,
specify system and software requirements using UML methods, describe the process of
software analysis and design, eescribe the major analysis and design methodologies,
explain object-oriented concepts, read and produce software model descriptions in the
Unified Modeling Language (UML).
CLASS HOURS
Lectures 10 hours (5 days*2 hours) 25 hours (online lectures)
Exercises 10 hours (5 days*2 hours) Total 45 hours
TOPICS
Introduction, software development project principles.
Software project planning.
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UML intro, intro to classes and objects in UML.
Requirements management-use case, activity diagram.
Project planning (Project-a).
Requirements management specifications, use case (Project-b).
System overall design, conceptual design.
Class diagram.
Overall design and class diagram (Project-c).
Behavior design.
ULM sequential diagram and state diagram.
Project.
ELEMENTS OF GRADE
*Additional elements:
1. Student presentation 5-10%
2. Research work 5-10%
LITERATURE
1. The basic literature is a compendium including presentations and exercises. In
addition to compendium the following literature can be used. Lectures include
Final Grade Components: Percentage: Student activity 10%
Project a 15% Project b 15% Project c 15% Homework 10%
Exercises 35% Total 100%
70 2nd Semester MBA (September- February)
2. Supply chain is a chain of its members devoted to the fulfilling a customer request. It starts from suppliers to manufacturers, including transporters, warehouses, retailers and customers. It consists also of activities such as communication, product development, marketing, operations, distribution, finance and customer service. Also, facility location and transportation. This course considers and introduces the students to the following issues:
3. 4. 1. strategic framework to analyze supply chains 5. 2. supply chain network 6. 3. demand and supply in a supply chain 7. 4. inventories in a supply chain 8. 5. sourcing, transporting and pricing 9. 6. supply chain coordination 10. 7. sustainable supply chain 11. 12. Students attending the module will learn how to apply theoretical concepts and
develop competencies essential for active involvement in discussions relating to supply chain management. selected parts from the additional literature. The details can be found on the WEB
page.
13. Ivica Crnkovic, Mikael Åkerholm, Goran Mustapic: Introduction to UML, report.
14. Using UML: Software Engineering with Objects and Components.
15. Martin Fowler, UML Distilled: A Brief Guide to the Standard Object Modeling
Language.
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(MN) Supply Chain Management (ECTS 6)
All the supply chain system activities exist and have been performed since long time ago.
But, only in the last ten years they are studied as a part of a coordinated whole. This course gives the insight in the importance of a supply chain coordination emphasizing the analytical tools and quantitative techniques that can be used for an efficient decision making. The studied topics are supply and demand planning, inventory planning and management, aggregate production management, transportation management, pricing and revenue management. At the end some discussion related sustainability are included. COURSE OBJECTIVES They will accumulate needed knowledge to solve homework, exercises, preliminary and final exams, but also knowledge needed to enhance firm’s competitiveness and to improve employees individual abilities to act in an efficient manner and in accordance with the business strategy of their company. Students will use mathematical and statistical tools for solving problems from the field of supply chain management which will develop their analytical skills. Also, they will be able to balance the needs for satisfying customer demand and on-time delivery with minimum cost and high quality taking into account all the members and all the activities performed in a supply chain. Students will use appropriate software to simulate real problems and solve them. In this way they will advance the usage of new technologies and will be ready for their implementation when employed. Also, this skill will make them more competitive at the labor market. CLASS HOURS
TOPICS Understanding Sup[ply Chain, Supply Chain Drivers Supply Chain Network Planning Demand and Supply in a Supply Chain Aggregate Planning in a Supply Chain Managing Inventories in a Supply Chain Managing Sourcing and Transportation in a Supply Chain Pricing and Revenue Management in a Supply Chain Supply Chain Coordination – IT Sustainability in a Supply Chain
Lectures 20 hours
Exercises 20 hours
Total 40 hours
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ELEMENTS OF GRADE The course grade is based on the following:
1. First midterm exam: 0 - 40 points 2. Second midterm exam: 0 - 40 points 3. Exercises in class: 0 - 10 points 4. Home works: 0 - 5 points 5. Class Participation: 0 - 5 points
Midterm exams: students are considered to have successfully completed preliminary exam if they accumulate at least 16 points. The maximum number of points is 40. Midterm exams consist of theoretical and computational exercises and are open books. Exercises in class: the number of exercises in class is arbitrary. There is no lower limit on number of points for successful completion. The maximum number of points is 10. At the end of the semester the average will be calculated. Students have to submit at least 25% of exercises. Exercises are open book. Home works: the number of home works is arbitrary. The scope of some home works will be just to repeat the issues we passed in class. Other home works will contribute to the grading and are taking form 0 to 5 points. At the end of the semester the average will be calculated. Students have to submit at least 25% of home works. Participation: the percentage of attendance will be calculated and transferred to the scale from 0 to 5 points. Final course grade: after summing all the achieved points, the final grade is determined in accordance with the following table:
Achieved points Final grade 90 - 100 Excellent (5)
80 - 89 Very good (4) 65 - 79 Good (3) 50 - 69 Pass (2)
LITERATURE Main literature: F. Robert Jacobs, Richard B. Chase, “Operations and Supply Chain Management”, McGraw-Hill/Irwin, New York (2011) Additional literature: G. Cachon, C. Terwiesch, “Matching Supply with Demand: An Introduction to Operations Management”, 3rd edition, McGraw Hill (2011)
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S. Chopra, P. Meindel, “Supply Chain Management: Strategy, Planning and Operations”, 4rd edition, Pearson Prentice Hall (2007) Blackboard: lectures handouts, course reader, questions for discussion
