Course title in Estonian
Ettevõtlus ja majandus
Course title in English
Entrepreneurship and Economics
approximate amount of contact lessons
autumn - spring
lecturer of 2019/2020 Autumn semester
lecturer not assigned
lecturer of 2019/2020 Spring semester
lecturer not assigned
To create preconditions for understanding knowledge related to entrepreneurship and economics, to support students’ development so that they could participate in the social discussion on economic issues, and understand the role of entrepreneurship and entrepreneurs in the society.
Brief description of the course
Scarcity of resources, opportunity cost, market, demand and supply
The role of an enterprise in economy.
Starting a business, life cycle, being an entrepreneur, risks and advantages.
Business plan, role in starting a business, main parts of a business plan
Different needs for submitting a business plan, bank, Unemployment Insurance Fund, private investor
National economy, revenue and expenditure cycle, total demand and aggregate supply.
Money and monetary policy. Economic cycles, GDP, unemployment and inflation.
Government’s role in economy. Revenue and expenditure in the state budget.
Fiscal policy in Estonia.
Indicative volume of independent work: 14 weeks, 8 hours per week.
Independent work with study materials and solving written tasks.
Learning outcomes in the course
Understands the nature of entrepreneurship and entrepreneur, the role and principles of drawing up a business plan. Knows the basic concepts in economics and understands the underlying operational mechanisms of economy. Is able to navigate in main macroeconomic indicators and to join the discussion on economy.
Written assignment: expanding on the concept of the business plan and answering questions concerning economy.
Anneli Kommer, Kristo Krumm, Indrek Saar
The course is a prerequisite
Loengte ja praktiliste tööde materjalid , mis on kättesaadavad e-õppekeskkonnast Moodle http://moodle.hitsa.ee/
Miettinen, A., Teder,J. Ettevõtlus I Külim 2006.
Miettinen, A., Teder,J. Ettevõtlus II, Külim 2008.
Arrak, A. jt., Majanduse ABC. 2002
Lecture and practice materials available in e-learning environment Moodle http://moodle.hitsa.ee/
Introduction To Entrepreneurship (international student edition) , autor Donald F. Kuratko. 2009
N. Gregory Mankiw. Principles of Macroeconomics
Kerem, K.; Randveer, M. Mikro-ja makroökonoomika põhikursus, 2001;
D.Eerma, R.M.Wrobel. Majanduspoliitika alused. TÜ kirjastus 2012