Entrepreneurship and Economics
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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 2023/2024 Spring semester
Rünno Lumiste (language of instruction:English, Estonian)
lecturer of 2024/2025 Autumn semester
Not opened for teaching. Click the study programme link below to see the nominal division schedule.
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
Social Work (STSTB/24-t.YK)
History (AIAJB/24.HT)
Sociology (RASLB/24-t.YK)
Politics and Governance (RIPGB/24.YK)
Law (AKLB/24.YK)
Public and Business Management (RIHKB/24-t.YK)
Social Pedagogy (STSPB/24-t.YK)
Politics and Government (RIRIB/24-t.YK)
Sociology (RASLB/23-t.YK)
Social Work (STSTB/23-t.YK)
Law (AKOB/23-o.YK)
Law (AKLB/23-hel.YK)
Politics and Governance (RIPGB/23.YK)
Politics and Government (RIRIB/23-t.YK)
Sociology (RASLB/23-o.YK )
Social Work (STSTB/23-o.YK)
History (AIAJB/23.HT)
Public and Business Management (RIHKB/23-o.YK)
Public and Business Management (RIHKB/23-t.YK)
Liberal Arts in Social Sciences (KKLSB/23.YK)
Politics and Government (RIRIB/23-o.YK)
Law (AKLB/23.YK)
Law (AKOB/24-o.YK)
Public and Business Management (RIHKB/22-t.YK)
Social Work (STSTB/22.YK)
Law (AKOB/22-t.YK)
History (AIAJB/22.HT)
Public and Business Management (RIHKB/22-o.YK)
Sociology (RASLB/22.YK)
Politics and Government (RIRIB/22.YK)
Politics and Governance (RIPGB/22.YK)
Law (AKLB/22.YK)
Law (AKOB/22-o.YK)
Liberal Arts in Social Sciences (KKLSB/22.YK)
Law (AKLB/22-hel.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)
Teacher of Computer Science (IFIOM/22.DT)
Politics and Government (RIRIB/21.YK)
Law (AKLB/21-hel.YK)
Politics and Governance (RIPGB/21.YK)
Law (AKOB/21.YK)
Social Work (STSTB/21.YK)
Sociology (RASLB/21.YK)
History (AIAJB/20.HT)
Law (AKOB/20.YK)
Politics and Governance (RIPGB/20.YK)
Teacher of Computer Science (IFIOM/21.DT)
Social Work (STSTB/20.YK)
Environmental Management (MLKSB/20.LT)
Law (AKLB/20.YK)
Public and Business Management (RIHKB/20.YK)
Politics and Government (RIRIB/20.YK)
Liberal Arts in Social Sciences (KKLSB/20.YK)
Sociology (RASLB/20.YK)
Public and Business Management (RIHKB/19.YK)
Teacher of Computer Science (IFIOM/20.DT)
Law (AKLB/19.YK)
Politics and Governance (RIPGB/19.YK)
History (AIAJB/19.HT)
Law (AKOB/19.YK)
Sociology (RASLB/19.YK)
Primary School Teacher (KAKLI/17.HR)
Liberal Arts in Social Sciences (KKLSB/19.YK)
Social Work (STSTB/19.YK)
Environmental Management (MLKSB/19.LT)
Politics and Government (RIRIB/19.YK)
Liberal Arts in Social Sciences (KKLSB/18.YK)
Environmental Management (MLKSB/18.LT)
Sociology (RASLB/18.YK)
History (AIAJB/18.HT)
Law (AKLB/18.YK)
Politics and Government (RIRIB/18.YK)
Politics and Governance (RIPGB/18.YK)
Social Work (STSTB/18.YK)
Public and Business Management (RIHKB/18.YK)
Teacher of Computer Science (IFIOM/19.DT)
Law (AKOB/18.YK)
Journalism (KOAB/17.FK)
Politics and Government (RIRIB/17.YK)
Environmental Management (MLKSB/17.LT)
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)
Sociology (RASLB/17.YK)
Law (AKOB/17.YK)
Law (AKOB/16.YK)
Social Work (STSTB/16.YK)
Politics and Governance (RIPGB/16.YK)
Liberal Arts in Social Sciences (KKLSB/16.YK)
Environmental Management (MLKSB/16.LT)
Law (AKLB/16.YK)
History (AIAJB/16.HT)
Journalism (KOAB/16.FK)
Sociology (RASLB/16.YK)
Public and Business Management (RIHKB/16.YK)
Politics and Government (RIRIB/16.YK)
History (AIAJB/00.HT)
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