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
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- 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,
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