DEUTSCHENGLISH
Department for Management and Economics
Centers and Specialized Fields Studies Admission Process Preparatory Modules Dates Scholarships Danube MBA Guide Accreditation Seminar/Modules Blended Learning International Students Krems-Method Alumni Business School Krems (ABSK) Research Consulting Emerging Markets Activities Team

Preparatory Modules "Business Basics"
MBA Krems - We mean business!
The preparatory module „Business Basics” prepares graduate students for the MBA Programs at the Danube University Krems. We offer classroom trainings and online trainings. The Business Basics are an integrative part of the first year of study.

The goal of this module is to teach the fundamental interrelations between and concepts of general business, economics, business math and statistics. This preparatory module may be required or recommended by the program director when deemed necessary.

General Management Administration
Educational Goal:
You`ll be placed in the role of a business manager where you can authentically experience how an enterprise functions and it is led.
Contents:
Key principles and targets of operating in a business environment in the private sector

Basics of cost accounting

Price finding

Controlling

Calculation and interpretation of key figures

Economics
Educational Goal:
Understanding the main economic questions and problems (micro- and macroeconomics)
Understanding economic methodology (marginal analysis, circular flow, modelling interdependencies)
Familiarity with the most important economic terms and concepts.
Contents:
Microeconomics and macroeconomics

foundations of economic policy

decision theory

scarcity

actors of production and goods (kinds of goods)

capital and investment

'Invisible Hand'

law of diminishing marginal product

law of diminishing marginal utility

market and market process: supply and demand, equilibrium and disequilibira, gross domestic product (and components), value added, circular flow analysis, aggregate supply and demand, multiplier, crowding-out, money

Keynesianism and Monetarism

Business Accounting
Educational Goal:
Goal of the seminar Basics in Management - Accounting is the understanding of the basis contents, functions and tasks of accounting based on the connections between the elements Balance Sheet and Profit and Loss Account.
Contents:
Fixed Assets and Current Assets

Equity Capital and Liabilities

Provisions and Reserves

Investments and Depreciations

Operating Result and Financial Result

Profit from ordinary Activities

Profit for the Year and Balance Result

Business Mathematics and Statistics
Educational Goal:
Obtain a general view of the contents of the recommended books and,
particularly, to get to know where and how to look up in the case of a
related problem.
Contents:
Mathematics:

Sets and Numbers

Linear Algebra: Vectors and Systems of Linear Equations, Solving Systems of Linear Equations

Analysis: Functions and their characteristics, the Derivative, the Integral

Statistics:

Data Description

Probability

Distributions and the central limit theorem

Cost Accounting
Educational Goal:
Understanding of fundamentals in management or cost accounting, the central
cost classifications and the systems of job-order costing and process costing.
Contents:
Differences and similarities between financial and cost accounting

Basic cost elements

Schedule of costs

Direct and indirect costs

Variable, fixed, differential, opportunity and sunk costs

Job-order costing

Process costing
Contact:

Mag.a Simone Fritsch-Pfeiffer

Phone: +43 (0)2732 893-2132
Fax: +43 (0)2732 893-4150
E-Mail: simone.pfeiffer@donau-uni.ac.at
Website: http://www.mba-krems.at
Address:
Donau-Universität Krems
Faculty of Business and Globalization
Department of Management and Economics
Dr.-Karl-Dorrek-Straße 30
3500 Krems