Entrepreneurship and Economics
space
Course code
RIM6101.YK
old course code
Course title in Estonian
Ettevõtlus ja majandus
Course title in English
Entrepreneurship and Economics
ECTS credits
6.0
Assessment form
assessment
lecturer of 2021/2022 Autumn semester
Kristo Krumm (language of instruction:Estonian) ordinary course
lecturer of 2021/2022 Spring semester
Kristo Krumm (language of instruction:Estonian)
Rünno Lumiste (language of instruction:English)
Course aims
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.
Learning outcomes in the course
Upon completing the course the student:
- 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.

Teacher
Anneli Kommer, Kristo Krumm, Indrek Saar
Study programmes containing that course
Sociology (RASLB/21.YK)
Public and Business Management (RIHKB/21.YK)
Liberal Arts in Social Sciences (KKLSB/21.YK)
History (AIAJB/21.HT)
Environmental Management (MLKSB/21.LT)
Law (AKLB/21.YK)
Social Work (STSTB/21.YK)
Politics and Government (RIRIB/21.YK)
Law (AKOB/21.YK)
Politics and Governance (RIPGB/21.YK)
Sociology (RASLB/20.YK)
Politics and Government (RIRIB/20.YK)
Law (AKLB/20.YK)
Environmental Management (MLKSB/20.LT)
Social Work (STSTB/20.YK)
History (AIAJB/20.HT)
Liberal Arts in Social Sciences (KKLSB/20.YK)
Teacher of Computer Science (IFIOM/21.DT)
Politics and Governance (RIPGB/20.YK)
Law (AKOB/20.YK)
Public and Business Management (RIHKB/20.YK)
Sociology (RASLB/19.YK)
Politics and Governance (RIPGB/19.YK)
Primary School Teacher (KAKLI/17.HR)
Law (AKOB/19.YK)
Politics and Government (RIRIB/19.YK)
Law (AKLB/19.YK)
Public and Business Management (RIHKB/19.YK)
History (AIAJB/19.HT)
Liberal Arts in Social Sciences (KKLSB/19.YK)
Social Work (STSTB/19.YK)
Environmental Management (MLKSB/19.LT)
Teacher of Computer Science (IFIOM/20.DT)
Teacher of Computer Science (IFIOM/19.DT)
Social Work (STSTB/18.YK)
History (AIAJB/18.HT)
Law (AKLB/18.YK)
Law (AKOB/18.YK)
Public and Business Management (RIHKB/18.YK)
Environmental Management (MLKSB/18.LT)
Politics and Governance (RIPGB/18.YK)
Sociology (RASLB/18.YK)
Politics and Government (RIRIB/18.YK)
Liberal Arts in Social Sciences (KKLSB/18.YK)
Sociology (RASLB/17.YK)
Politics and Government (RIRIB/17.YK)
Politics and Governance (RIPGB/17.YK)
Law (AKLB/17.YK)
Liberal Arts in Social Sciences (KKLSB/17.YK)
Social Work (STSTB/17.YK)
Public and Business Management (RIHKB/17.YK)
History (AIAJB/17.HT)
Environmental Management (MLKSB/17.LT)
Law (AKOB/17.YK)
Journalism (KOAB/17.FK)
Journalism (KOAB/16.FK)
Environmental Management (MLKSB/16.LT)
Social Work (STSTB/16.YK)
Politics and Government (RIRIB/16.YK)
Law (AKOB/16.YK)
Politics and Governance (RIPGB/16.YK)
Sociology (RASLB/16.YK)
Public and Business Management (RIHKB/16.YK)
History (AIAJB/16.HT)
Liberal Arts in Social Sciences (KKLSB/16.YK)
Law (AKLB/16.YK)
History (AIAJB/00.HT)
space