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Economics in Viticulture and Winemaking

Objectives of the course

The basic objective of this course is to introduce students to the main principles of economics of enterprise, which can be used as a foundation for Economics of Viticulture and Winemaking. The course is designed in such a way, that students find the economic principles and costs as main mode to develop their economical logic and to understand the entireness of the economic whole. The course focuses also on the interaction among the market situation and developmental projects.

Prerequisites

Knowledge of mathematics.

Assessment methods

Written assignment, written examination, oral examination.

Course contents

Lectures

Introduciton

The foundations of the production theory and costs

How to manage the elements of the production proces

Costs and husbandry

Costs nad business decision making

Reinforcement od competitivty advantages

Projects in the Viticulture and Winemaking

Lectures and drills links together the separate thematic fields. The connection of the theory and practice hollows to understand the subject fully. The course does not focus on the theory, but rather examines the practical aspects of using economics for solving the specific wine making production problems.

Tutorials

cost benefit analysis and decision making
cost calculation and choise of the production program
marginal costs and decision making
technology assortment and costs
estimation of the effectiveness of the projects