Syllabus 1. Programme information 1.1. Institution THE BUCHAREST UNIVERSITY OF ECONOMIC STUDIES 1.2. Faculty International Business and Economics 1.3. Departments Department of International Business and Economics 1.4. Field of study International business and economics 1.5. Cycle of studies Licence 1.6. Education type Full-time 1.7. Study programme International Business and Economics (in English) 1.8. Language of study English 1.9. Academic year 2023-2024 2. Information on the discipline 2.1. Name Entrepreneurial Culture 2.2. Code 23.0188IF3.2-02.3 2.3. Year of study 3 2.8. Leaders C(C) SURIXQLYGU08ù(7(6&865$'8&5,67,$1 C(C) OHFWXQLYGU$3Ă9Ă/2$(,00$7(,$/(;$1'58 Matei.Apavaloaei@rei.ase.ro S(S) asist.univ.dr. SMIRNA G TUDOR- GHERASIM 2.4. Semester 2 2.5. Type of assessment Exam 2.6. Status of A the discipline 2.7. Number of 6 ECTS credits radu.musetescu@rei.ase.ro tudor.smirna@rei.ase.ro 3. Estimated Total Time 3.1. Number of weeks 14.00 3.2. Number of hours per week 4.00 of which 3.3. Total hours from curriculum C(C) 2.00 S(S) 2.00 56.00 of which 3.4. Total hours of study per semester (ECTS*25) 150.00 3.5. Total hours of individual study 94.00 Distribution of time for individual study Study by the textbook, lecture notes, bibliography and student's own notes Additional documentation in the library, on specialized online platforms and in the field Preparation of seminars, labs, assignments, portfolios and essays Tutorials Examinations Other activities Page 1/5 C(C) 28.00 S(S) 28.00 4. Prerequisites 4.1. of curriculum Does ot apply 4.2. of competences Does not apply 5. Conditions for the C(C) Classroom equipment with PowerPoint, audio-video, internet connection facilities for the S(S) Classroom equipment with PowerPoint, audio-video, internet connection facilities 6. Acquired specific competences CROSS CT1 7. Objectives of the discipline 7.1. General objective Familiarizing the student with the activities that the entrepreneur engages in within the economic system: his function in the price mechanism, and the importance of the entrepreneur¶s role as ultimate decision maker and capitalist so as to distinguishing him from the manager and grasp the phenomenon of the firm. 7.2. Specific objectives A systematization of the main approaches that can be found in the economics literature pertaining to the study of entrepreneurship (the occupational, structural, and functional approach) Explaining the entrepreneur¶s function in economic development, bringing about market equilibrium, and uncertainty bearing. A good grasp of the fundamental concepts associated with the entrepreneurial function: profit & loss, risk & uncertainty, ultimate decision maker & delegating responsibility Understanding the different epistemological nature of a scientific endeavor and entrepreneurial understanding in the context of uncertainty. 8. Contents 8.1. C(C) Teaching/Work methods Recommendations for students 1 Introductory lecture: short presentation of the subject under discussion, of the examination method, and of the key talking points of each future lecture. Lectures; debates; PowerPoint support, audio-video facilities, internet connection Students are encouraged to raise questions Mandatory & recommended readings 2 Basic concepts needed for the study of entrepreneurship: what is an entrepreneur, the origin of the concept, methodological individualism, subjectivism, tacit and dispersed knowledge, uncertainty, heterogenous capital structure. Lectures; debates; PowerPoint support, audio-video facilities, internet connection Students are encouraged to raise questions Mandatory & recommended readings 3 What the general public associates with the entrepreneur. A taxonomy of the scientific literature. Lectures; debates; PowerPoint support, audio-video facilities, internet connection Students are encouraged to raise questions Mandatory & recommended readings 4 Delimiting the occupational and structural approaches to entrepreneurship from the Lectures; debates; functional approach. PowerPoint support, audio-video facilities, internet connection Students are encouraged to raise questions Mandatory & recommended readings 5 The functional approach: Schultz (the ability to adjust), Witt (the charismatic leader that coordinates intra-firm relations) Lectures; debates; PowerPoint support, audio-video facilities, internet connection Students are encouraged to raise questions Mandatory & recommended readings 6 The functional approach: Schumpeter (innovator, leader, disequilibrium) Lectures; debates; PowerPoint support, audio-video facilities, internet connection Students are encouraged to raise questions Mandatory & recommended readings Page 2/5 7 The functional approach: Kirzner (alertness, the entrepreneur as equilibrator) Lectures; debates; PowerPoint support, audio-video facilities, internet connection Students are encouraged to raise questions Mandatory & recommended readings 8 The functional approach: Knight & Mises (ultimate reasonability for uncertainty bearing) Lectures; debates; PowerPoint support, audio-video facilities, internet connection Students are encouraged to raise questions Mandatory & recommended readings 9 The role played by the entrepreneur in price formation and income distribution: a causal-realist approach. Lectures; debates; PowerPoint support, audio-video facilities, internet connection Students are encouraged to raise questions Mandatory & recommended readings 10 The entrepreneur: his role in the firm & delimiting him from the manager of the company Lectures; debates; PowerPoint support, audio-video facilities, internet connection Students are encouraged to raise questions Mandatory & recommended readings 11 How to study entrepreneurship: the epistemological fundamentals of economic science, delimiting risk and uncertainty, the nature of entrepreneurial judgment Lectures; debates; PowerPoint support, audio-video facilities, internet connection Students are encouraged to raise questions Mandatory & recommended readings 12 A critical analysis of perfect competition and monopoly through the lens of entrepreneurial theory Lectures; debates; PowerPoint support, audio-video facilities, internet connection Students are encouraged to raise questions Mandatory & recommended readings 13 The business cycle as the manifestation of generalized entrepreneurial error Lectures; debates; PowerPoint support, audio-video facilities, internet connection Students are encouraged to raise questions Mandatory & recommended readings 14 Concluding remarks and exam recap. Lectures; debates; PowerPoint support, audio-video facilities, internet connection Students are encouraged to raise questions Mandatory & recommended readings Bibliography - Foss, Nicolai J., and Peter G. Klein, Organizing Entrepreneurial Judgement. A New Approach to the Firm, Cambridge University Press, Cambridge, 2010 - 0LVHV/XGZLJ$F܊LXQHD8PDQăWUDWDWGHWHRULHHFRQRPLFă(GLWXUD,QVWLWXWXOXL/XGZLJYRQ0LVHV5RPkQLD%XFXUHVWL - Kirzner, Israel M., Competition and Entrepreneurship, University of Chicago Press, Chicago, 1973 - Schumpeter, Joseph A., , The Theory of Economic Development, Transaction Publishers, 1983 - Knight, Frank H., Risk, Uncertainty, and Profit, Houghton Mifflin Company, Cambridge, 1921 8.2. S(S) Teaching/Work methods Recommendations for students 1 Presentation of the seminar activities Home reading from the assigned bibliography, free discussion, debates, case studies Preparation of the proposed subject under discussion and the corresponding material covered during the lecture 2 The Misesian functional approach ±the role of profit and loss. Home reading from the assigned bibliography, free discussion, debates, case studies Preparation of the proposed subject under discussion and the corresponding material covered during the lecture 3 The Misesian functional approach ±consequences of taxing and regulating entrepreneurial activities. Home reading from the assigned bibliography, free discussion, debates, case studies Preparation of the proposed subject under discussion and the corresponding material covered during the lecture Page 3/5 4 The entrepreneur and the institutional environment: productive, unproductive, and Home reading from the destructive entrepreneurship assigned bibliography, free discussion, debates, case studies Preparation of the proposed subject under discussion and the corresponding material covered during the lecture 5 The entrepreneur and the institutional environment: the role of the entrepreneur and Home reading from the institutions in economic development. assigned bibliography, free discussion, debates, case studies Preparation of the proposed subject under discussion and the corresponding material covered during the lecture 6 Case study: famous entrepreneurs and unfair competitive practices. Home reading from the assigned bibliography, free discussion, debates, case studies Preparation of the proposed subject under discussion and the corresponding material covered during the lecture 7 Holding a debate: How should we teach entrepreneurship? Home reading from the assigned bibliography, free discussion, debates, case studies Preparation of the proposed subject under discussion and the corresponding material covered during the lecture 8 The theory of the firm and the role of economic calculation in combating monopoly. Home reading from the assigned bibliography, free discussion, debates, case studies Preparation of the proposed subject under discussion and the corresponding material covered during the lecture 9 Culture and entrepreneurial activity. Home reading from the assigned bibliography, free discussion, debates, case studies Preparation of the proposed subject under discussion and the corresponding material covered during the lecture 10 The question of the entrepreneurial state. Home reading from the assigned bibliography, free discussion, debates, case studies Preparation of the proposed subject under discussion and the corresponding material covered during the lecture 11 The role of the entrepreneur in supplying public goods. Home reading from the assigned bibliography, free discussion, debates, case studies Preparation of the proposed subject under discussion and the corresponding material covered during the lecture 12 Case study: entrepreneurship and medical services. Home reading from the assigned bibliography, free discussion, debates, case studies Preparation of the proposed subject under discussion and the corresponding material covered during the lecture 13 Case study: entrepreneurship and supplying education services. Home reading from the assigned bibliography, free discussion, debates, case studies Preparation of the proposed subject under discussion and the corresponding material covered during the lecture 14 Concluding remarks and the finalization of the evaluation process. Home reading from the assigned bibliography, free discussion, debates, case studies Preparation of the proposed subject under discussion and the corresponding material covered during the lecture Bibliography - Baumol, William J, Entrepreneurship: Productive, Unproductive, and Destructive, Journal of Political Economy, 1990 - Bottke, Peter J. & Coyne, Cristopher J., Entrepreneurship and Development: Cause or Consequence?, online, 2003 - DiLorenzo, Thomas, How Capitalism Saved America, Crown Forum, New York, 2005 - Kourilsky, Marlyn, L., Entrepreneurship Education: Opportunity in Search of a Curriculum, Business Education Forum, 1995 - Schramm, T., Burn the Business Plan: What Great Entrepreneurs Really Do, Simon & Schuster, New York, 2019 Page 4/5 - McCloskey, Deirdre, N., Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World, University of Chicago Press, 2016 - Sanandajii, Nima, The Henry Fords of Healthcare: Lessons the West can Learn from the East, IEA, Londra, 2020 - Tooley, James & Dixon Pauline, Private Education is Good for the Poor, Cato Institute, Washington, 2005 9. Corroboration of the contents of the discipline with the expectations of the representatives of the epistemic community, of the professional associations and representative employers in the field associated with the programme 10. Assessment Type of activity Assessment criteria Assessment methods Percentage in the final grade 10.1. S(S) Critical and thorough understanding of Active presence, initiation and theoretical concepts as well as the fluent participation in relevant discussions; & operationalization in assessing historical one test particular cases, all this evaluation being related to course lectures and participation 40.00 10.2. Final assessment Solving the exam questions 60.00 10.3. Modality of grading Whole notes 1-10 10.4. Minimum standard of performance Written exam final mark 5 Date of listing, Signature of the discipline leaders, 11/08/2021 Date of approval in the department Signature of the Department Director, Page 5/5