• Semester 1, position 3

The aim of this course is to acquire basic competencies and academic skills in the field of engineering management and economics with the development of critical thinking and teamwork skills through: 1) acquiring basic knowledge about the importance of engineering management and economics; 2) understanding the success factors of the industrial system; 3) acquaintance with basic engineering-managerial and economic principles, functions, methods and techniques; 4) mastering modern approaches in management and economics, and 5) understanding the importance of ethics in the engineering profession.

By mastering the subject of Engineering Management and Economics, students will be able to: - understand and apply the basic principles, methods and functions of engineering management (planning, organizing, leading and controlling) in a way to work as a team and create conditions for permanent growth of productivity and efficiency, as a basis for improving the quality of industrial systems, - to understand and apply economic principles to all areas of work in the company where relevant problems arise and to harmonize technical processes with economic requirements and - understand and apply the principles of engineering ethics.

Engineering management and economics in modern business. Principles, functions, methods and techniques of engineering management. Planning: Basics of planning, planning process, decision making. Organizing: models of organizing and designing organizational structure. Leadership (management): business communication and management, the importance of motivation, teams and teamwork, conflicts in the organization, leadership as a determinant of engineering management, leadership theories. Control: Basic control functions, types, styles, control process, management standards / systems and business performance. Socio-economic aspects of entrepreneurship and engineering management. Organizational culture. Innovation and resistance. Intellectual property. Professional ethics, social responsibility and morality. Principles of engineering ethics and solving ethical issues. Fundamentals of financial management and organization management. Micro and macro economics. Production and production factors. Production function, Production costs. Market, supply and demand. Prices and income. The system of economic relations with foreign countries. The concept of "sustainable economic development". Technological change, transition and globalization.

Exercises consist of auditory exercises, discussions and workshops that further develop selected topics that are relevant from both theoretical and practical points of view, practical examples from the field of management and economics, and analysis and solving case studies and tasks. be used for preparatory consultations for the preparation and defense of student works.

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The basic resources of the course are literature and prepared handouts, as well as the "Moodle" classroom (http://147.91.26.15/moodle/).

Total assigned hours: 45

New material: 12
Elaboration and examples (recapitulation): 6

Auditory exercises: 9
Laboratory exercises: 0
Calculation tasks: 9
Seminar paper: 0
Project: 0
Consultations: 0
Discussion/workshop: 0
Research study work: 0

Review and grading of calculation tasks: 2
Review and grading of lab reports: 0
Review and grading of seminar papers: 0
Review and grading of the project: 0
Test: 2
Test: 0
Final exam: 5

Activity during lectures: 0
Test/test: 40
Laboratory practice: 0
Calculation tasks: 30
Seminar paper: 0
Project: 0
Final exam: 30
Requirement for taking the exam (required number of points): 30

Pokrajac S., Dondur N., Introduction to Economics, Faculty of Mechanical Engineering, Belgrade, 2019. (in Serbian); Spasojević Brkić V., Milanović D., et al., Quality Management System and Business Performance, MNTRS - Faculty of Mechanical Engineering, Belgrade, 2012. (in Serbian); Chang, C.M., Engineering Management: Meeting the Global Challenges, CRC Press, Boca Raton, 2016.; Efthymiou, L., Epaminonda, E., & Ktoridou, D. Engineering to Management Transition: Challenges and How Education Might Assist. Cases on EM Education in Practice (pp. 105-123). IGI Global, 2021.; Brock B.E., and Herkert J. R., Engineering ethics. In Cambridge handbook of engineering education research, pp. 673-692. Cambridge University Press, 2015.