Course: Principals of Economic theory

Course: Principals of Economic theory

Independent Work -3

Specialty: Two Foreign Languages, Translation Studies

Course- 2

Midterm control – 1

Week –3

Deadline – the third week

Form of control – presentation in group of 2 students

Assessment criteria

oral answers is to be graded against the following criteria:

· organization, clarity and quality of answers

· evidence of creativity and critical reflection on source materials.

· ability to express responses, arguments, opinions supporting with facts. Presentation is estimated at 100 points

Topic: Entrepreneurship:essence, types

Lecture thesis

Entrepreneurship is the act and art of being an entrepreneur or "'one' who undertakes innovations or introducing new things, finance and business acumen in an effort to transform innovations into economic goods ". This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of starting new businesses (referred as Startup Company); however, in recent years, the term has been extended to include social and political forms of entrepreneurial activity. When entrepreneurship is describing activities within a firm or large organization it is referred to as intra-preneurship and may include corporate venturing, when large entities spin-off organizations.

Entrepreneurial activities are substantially different depending on the type of organization and creativity involved. Entrepreneurship ranges in scale from solo projects (even involving the entrepreneur only part-time) to major undertakings creating many job opportunities. Many "high value" entrepreneurial ventures seek venture capital or angel funding (seed money) in order to raise capital to build the business. Angel investors generally seek annualized returns of 20-30% and more, as well as extensive involvement in the business. Many kinds of organizations now exist to support would-be entrepreneurs including specialized government agencies, business incubators, science parks, and some NGOs(a non-governmental organization). In more recent times, the term entrepreneurship has been extended to include elements not related necessarily to business formation activity such as conceptualizations of entrepreneurship as a specific mindset (see also entrepreneurial mindset) resulting in entrepreneurial initiatives e.g. in the form of social entrepreneurship, political entrepreneurship, or knowledge entrepreneurship have emerged.

Literature sources

1. Stanly Fisher, Rudiger Dornbush, David Begg, Economics, 4^th edition, London, 1996

2. Камаев В.Д. и колл. Авторов, Экономическая теория, Учебник, 1998 и 2006 гг

3. Мусабеков С.М. Экономическая теория. Учебное пособие. Алматы. КазУМО и МЯ 2005г

Practical task

· Show the types and forms of entrepreneurship

· Choose one type of entrepreneurship and prove your choice.

· Explain the meaning of entrepreneurship in developing economy of a country

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Дата добавления: 2015-11-04