Prague, Czech Republic

Management and Managerial Economics

Language: English Studies in English
Subject area: economy and administration
University website: www.vse.cz
Years of study: 4
Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Management
Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government body. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. The term "management" may also refer to those people who manage an organization.
Management
Management as an activity has always existed to make people’s desires through organized effort. Management facilitates the efforts of people in organized groups and arises when people seek to cooperate to achieve goals.
Daniel A. Wren and Arthur G. Bedeian. The evolution of management thought, 1972, p. 11-12
Economics
Men did not make the earth. ... It is the value of the improvements only, and not the earth itself, that is individual property. ... Every proprietor owes to the community a ground rent for the land which he holds.
Thomas Paine, Agrarian Justice (1795–1796).
Economics
Give not Saint Peter so much, to leave Saint Paul nothing.
George Herbert, Jacula Prudentum (1651). Reported in Hoyt's New Cyclopedia Of Practical Quotations (1922), p. 216.
In June 1770, the explorer James Cook ran aground on the Great Barrier Reef in Australia and became the first European to experience the world's largest coral reef, today a paradise for scientists and holidaymakers alike. Last year, the James Cook research vessel set out to encounter unique and unexplored corals, this time in the deep ocean. Led by ERC grantee Dr Laura Robinson (University of Bristol, UK), the team on board crossed the equatorial Atlantic to take samples of deep-sea corals, reaching depths of thousands of meters. On the expedition, Dr Robinson collected samples that are shedding light on past climate changes and she will share her findings at TEDx Brussels.
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