HI just want to share the notes I took, hopefully this helps. What will be discussed: 1. Foundation courses you should study 2. Business core courses 3. Business specializations 4. Business extensions 5. Education problems [How and Why business programs fail] 6. Conclusion There is a difference between Global Business and Global Studies. - Global Business is a small field in global studies. - Global Studies include: - Politics - Law - Culture - Anthropology There are two areas you need in terms of understanding the basics of Business. Quantitative methods: 1. Business Math a. Statistics (Analyzing and Interpreting data) e.g. Economics growth can be related to investment, consumption, export. 2. Economics Economics is divided into 15 different fields. Basic introduction to Economics includes two fields. 1. Micro-economics Behavior of individuals: - Consumers - Families How Individuals make economic discussions (spending money, making money.) 2. Macro-economics Deals with general income. General economics is an out production and output. GDP-Gros domestic Production - Labor - Wage - Interest Rates - Coast of capital - Inputs and Outputs Most important price in the economy is the price of money. The price of money is also called the exchange rate. Four Main Fields of Business: 1. Accounting 2. Finances 3. Marketing 4. Management 1. Accounting: Accounting helps us translate business activity into numbers. There are two areas of accounting - Financial accounting - Managerial Accounting. Financial Accounting: Financial accounting is about how you make the accounts and how you report them. You report them with financial statements. People outside the company can understand how the company is doing by reading these financial statements. The financial statements are standardized all around the world. Managerial Accounting: Accounting designed to serve the needs of management, so the management can make decisions. There are the internal reports. Decisions like how to price a product, how much to produce will be taken from these reports. There include various budgets. 2. Finance: Finance is about how you manage money. Financial management is about how you manage assets, liabilities, and investments. How you get money - Borrowing - Selling - Bonds - Selling stocks etc. 3. Marketing: Marketing is about the customers. What the customers want what they will be willing to pay. What the costumers want in a product. You need to think about competitors and customer service. Advertising - making the customers like, want, and business the product. 4. Management: Personal Management (Managing employees and people) Planning, organizing (What departments do we need); Leadership (How to manage and motivate people to do your work); Control (how do you monitor and make sure that employees are going to do their jobs) After you are done with core courses, you will get to do; 1. Strategic management: Requires understanding from all four core areas. It deals with how you are going to compere in the market. You can com[ere on the basis of: - Efficiency - Price - Better product, - Verity of products - How you innovate the product 2. Business Specializations: - Finances - 1. Financial Investments - 2. Financial Economics - 3. Investments - 4. Risk management (Insurance) - 5. Financial Derivatives - Amounting - 1. Introductory Accounting - 2. Intermediate Financial Accounting - 3. Cost Accounting (Expenses only) - 4. Auditing Accounting (Checking for any falsification) - 5. Non-Profit Accounting (Institutions) - 5. Government (Institution) - Marketing - 1. Advertising - 2. Sales - 3. Product Design - 4. Marketing Management - 5. Other Marketing - Management - 1. Personal Management - 2. Inventory Management - 3. Marketing Management - 4. Supply Chain Management (Operation Management - 5. Other Management Alternative Specialization - International Business/ Global Business - 1. International Economics (Trade & Finance) - 2. International Accounting - 3. International Finance - 4. International Marketing - 5. International Management - (OPTIONAL) 6. International Law Business extensions: 1. Programming Language (Especially a statistical programming language) 2. Database Systems 3. Management Information Systems (MIS) 4. Web (Internet) Systems 5. Law Extension - Business Law - Contract Law - International Law 6. General Language - English - Chinese - Japanese - Arabic Conclusion: International - Quantitive (Business math) (Statistics) - Statistical packages - Statistical Programming Economics - Micro Economics - Macro Economics - International Economics (Finance &Trade) Accounting - Financial Accounting - Managerial Accounting - International Accounting Finance - Financial Management 1 - Investments - International finance Marketing - Marketing 1 - Advertising/ Marketing 2 - International Marketing Management - Management 1 - Personnel Management / Management 2 - International Management Other - MIS - Business Law - International Law Problems with Education Problem with the Institution: 1. Week Foundation (Study to pass and then forget [Study Flush]) 2. Manny fancy courses with not much content 3. Few course chapters 4. To many projects (learning dose not happen properly) 5. Heavy-Weighed projects 6. Poor/easy exams 7. Few failing students Problems with students: 1. Memorizing 2. Study from Power Point 3. Not reading textbooks 4. Not enough practice exercise 5. Big group exercise 6. Group free-riding 7. Too much fun/party/internet/Social Media 8. Study for grades only 9. Study to make parent happy My Summery: For studying business you should: *In Order* - Math Basics of math is Core Value 1. Economics (Core) 2. Accounting (Core) 3. Marketing or management (Core) 4. Management or marketing (Core) 5. Strategic management (Most Important after core) 6. 1 OF 6 Specializations 7. Business Extension (OPTIONAL but helpful) Business studies should not be easy. *10 chapters should be thought per semester* *15 chapters per semester are better* THERE ARE PLENTY OF JOBS. JOBS ARE ONLY AVAILABLE FOR THE SKILLED PEOPLE.

Pls. Don't stop posting sir. Your videos are helping a lot of students around the world. Thank you so much.

Such a respectable teacher. I admire his passion for passing knowledge. He also explains everything so well, in a very comprehensive way 🥺🥺

1.5x speed. thank me later

OMG! In 15 minutes I have learnt more than in 4 years at the University

Im glad that professor Petrov can influence people all across the globe, please keep posting videos so we can learn from one of the last great teachers of the old generation Bulgarian professors

One of the best professors

Well one of the first times I’ve heard somebody actually say something that is accurate I love watching this video it opened up my eyes to so many things it’s so amazing

Здравейте, господин Петров! Вашите лекции много ми помагат в ученето. В момента съм първа година с международен бизнес в Холандия. Благодаря Ви за подробните обяснения и ведрия тон, с който говорите!

One of the best professors His lectures was fantastic

my absolute favorite video on this world, all of my interests shown in one video, from core to business extensions, this would be the dream education for me.

I'm a science student but, the prof has made it very clear with his wonderful skills and experiences!

It is like I am learning subject in detail...Enough, best lecture I had ever heard

Very informative... especially the section on problems with education. Converting knowledge into skill has always been a challenge for students and having taught myself, I have seen this is a common mistake students make... learn by rote, then as you say ‘flush it down the toilet’ Excellent lecture thank you

I'd give you an Oscar for your Teaching Skills Professor Petrov!!! Thank you for All The Content you've uploaded! You're clearly A Genius, and a well Presented One.

you guys are lucky because of having a good professor. Then, every single​ information that he has spoken is valuable. He pointed out what is going on in most university. Then, explained the real way to become an eligible and well rounded students. Thanks you guys for uploading and sharing this video with us. I clicked like and subscribed.

He was very specific at all given field of business eduction…Thanks for the lecture.

Sir, you are such an amazing teacher, and it hit the spot about Asian parents and Asian students not asking questions. I was that student. Wish I found you earlier in my learning life.

Thanks you for sharing your thoughtful content for putting it out there with the passion that many of us need and strive for. I'm starting to listen to you almost every morning. Your voice and words are calming, clarifying, uplifting and motivating. It feels real and genuine. I am grateful to have your channels as a source for having a better relationship with myself and the world around me?

Best overview lecture on Business Education and Issues. Thanks a lot Sir. Keep creating and uploading more lectures like these. Thanks again.

I started two Businesses, one in the fashion industry and the other is in the logistics sector. Thank You for helping me sharpen and refine my business skills.

You're the best teacher in the world 🌍🔥. You make us acknowledgeable about business administration and give us the strength urge to become businessman . God bless you for your great job

Absolutely brilliant class! Being from a non-business or non-enterprise background I too was able to understand his pace, and his teaching. 🎉🎉 kudos, we need more such Teachers in every field.

One of the best teacher. He made me watch such big video with ease.

Absolutely Loved The Video I Understand Deeply Of Basic Business #FutureEntrepreneur ‼️‼️

I appreciate the great teacher. What a strategy to deliver a clear basic knowledge! Being science student, I couldn't but learn about business. Thank you, sir.

express my deep thanks to this professor and the person sharing this valuable video.

Sir, you're doing more than you needed & i love the fact that you've taken the initiative to spread the rich knowledge to everyone for free. Huge respect sir 🖤 I'm learning alot with your videos recently and i hope you keep doing the same. Loves the way you teach, it's simple to understand and fun 😌 Kudos 💫 👍

I prefer watching this channel youtube than I go to the university to learn this course. what amazing this course! thanks for sharing professor. warm regards from Indonesia

It's incredible how this accurately reflects the curriculum I've experienced at my university!

Muchas gracias por éste vídeo, lamento que los estudiantes no valoren a este señor, de verdad que admiré cada palabra, comprendí y claro que quiero ser esa estudiante excelente que tiene el potencial al momento de graduarse, y bueno ahora entiendo la educación financiera, thanks.

I haven't learned about business before. I learned a lot from your lecture. Thank you, Dr. Krassimir Petrov.

Wow!! Very informative... Thanks for sharing.

Wow! The professor discussed the lesson very clearly. ♡ Excellent ! ♡♡♡ Thanks for posting this video. God bless you more. ♡

Thank you so much sir. I am doing another business work. I am Reading it now in the book of today business but your explanations is so understanding, expecially the one that you talked about global business. Another brave professor with sound explanations. The economy decision in my own understanding is howPeople make decision about how they will spend their money. God thank You so much to see this lovely video. I dont. Know how I see this video when i am tired to read my book.God just choose make me see this great explanation.

I was medical student and then I switched to study business but sadly I don’t even know basics of business but the sir has taught everything I need to learn he is brilliant teacher kudos to him 😊

This is phenomenal! I’m going to watch all his videos. Thank you!

I love the ways you teach and appreciate your knowledge!!!

I am studying BBA in one of the finest universities of India. i have learnt the most from this channel and the amazing videos thank you so much the nice and super useful lectures

I am a business student from Pakistan. Thank you so much for this great talk.

I'm an engineer and a complete beginner in business studies but I understood this lecture very well. The way he explains, I don't think even a high school teacher can match his simple and clear explanation.. Thanks a lot professor..!!

One of the best teacher who i wondered ever. I understood every theme in that video thank you 👏👏.pls post more videos about economics and money

This is an amazing lecture. Professor most students do not learn because there is no such vibrant and informative introduction. I have learnt a lot to motivate students if I get a teaching Job.

I was looking for that video from a very long time. Very concise and helpful. I love the way he explained everything. The voice modulation is fabulous, I'm definitely gonna practice this I'm my classes. I really wish for his good health. Namaste 🙏

Professor is very good not only at teaching also at speaking clearly to understand the basic students 💙💙

This for me is kind of important and useful video in order to make self-study. Thanks to this professor for his lecture

Absolutely the best Since my school days I've had only 3 teachers who teaches with love and patience,now u are my number 4 Thanks so much for ur time I really enjoyed it and I am now interested in BUSINESS CLASS

am convinced i should study business. thank you for the great video Professor Petrov,.

Sir, u are amazing teacher Thank u for dis wonderful lecture

thank you so much for your share knowledge, it is incredible. thank for all.

found a interest in business, wanted to learn more about the major so I can prepare, definitely found alot of useful tips/ explanations here. Thank You!

Thanks for explaining ,I'm just 14 yrs old but I can't wait to go to college..I hope I have a professor like you when I go to college

Love you much Sir, don't stop posting lectures. You are inspiring!)

So I’m getting ready to go to college for business so I decided to watch this video this guy is a great professor 😌 I’ve learn a lot from this video! 😇

Love it the teacher is great so much information taken from here more posts please 👍🏽🙏🏽

yes, it's very advantage to me, his skill so good. I'm glad to see this lecture.

It would be great if you could upload the principles of Marketing and some other Marketing related content, it's the only missing field in your channel. You're really a good teacher!

What a professor! Well educated Prof. Thanks for your smooth course Prof.

great video with extraordinary leading voice @Super_Teacher

What a Man!! Thanks very much professor!! Stunning!!

i have really enjoy ur lecture. i am think of doing my masters in Administration and ur lecture has given a good heart to enter without panic, because my first degree was BA. THANKS SO MUCH

I would love to see a discussion/interview from this teacher on the Labor theory of Value.

Thanks Mr Proffesor for this great and clear way to explain and a so good thing you use is to mencion bad things we all have did just for study quikcly.

Very fascinating presentation. My sincere congratulations to Professor Krassimir. I am from the Democratic Republic of Congo. Let me tell you that we need such professors as we are from countries where English is a foreign language. I would like to know whether Professor Krassimir will be one of my professor at the University of the People. Excellent Professor!

Great video! This should be a orientation for all schools. So that new students get an idea of what they want to do.

I graduated with a bachelor degree in Business Administration, and the project part is soo true, A LOT of grades on project and we actully only focused on finishing all the projects on time, but didn't learn a lot from it.

The way of the introducing is perfect and you’ve an excellent explanation, slow , quiet and clear

That explained me better what business studies are than my 3 years actual business studies.

You deserve an award best professor, hope I will enjoy my business administration studies in few coming months I can't wait.

The Eastern European princip of teaching is absolutely not boring. Great job. Please keep uploading more lectures

I learned the birds-eye view of the business for free because of this video. Thanks

Thank you so much professor. You look much different than in few years

Very useful overview -- thank you! It would also be interesting to hear a little about cultural considerations, particularly with respect to Management. Given your experience of teaching in several diverse cultures, I would be very interested in your insights.

I would love to have a business prof who explains like him. Mine explain like i already know what they are talking about. That's my first year and I'm scared because i haven't studied business before

Omg, i enjoyed the discussion,. Now i know understanding is more important than memorising.

Excellent roadmap for business education, thank you sir

This is the only video which tells about the basics. I'm currently doing engineering and will be doing MBA after 2 years so i can prepare myself before stepping in this completely new field and be the best among the good. Thank You so much sir :)

hope to have this kind of Professor in my whole journey in college. I can surely say that he is so good at teaching, I have learned a lot from this lecture of him. He has a good and effective teaching skills .

Very encouraging, well done keep up Thank you.

I love how he teaches. Very clear

wish the camera person would show the whole screen# please

Sir it was really informative and easy to understand and you know the art of teaching incredibly good

I like business wonderful thank you for share brvo

Micro economic deals with individuals , house hold ,& companies while macro deal with aggregate natio economy ,world economy etc ...Thank you for the lecture

It's sad how little the students value his experience and knowledge by not bothering to ask questions.

Thank you so much I'm getting ready to start self teaching myself about business. This helped me to know where to start. I wanted to self teach until I can afford to go to college.

He explains so clear, it's easy to understand.

I have never absorbed information from someone so well!

This lecture wasn’t boring at all...amazing lecture! Thank you!

Speechless!!! He inspired me to continue my studies despite I’m very ill of fractured dislocated bones from mortal accident. I’m waiting my intense treatments , second surgeries. Good luck to all students. Be good students like Prof❤️❤️❤️

Interesting basic business education

Wawwww amazing explains gbu sir

outstanding job sir!

Camera person: *ignores slides* 🥲

Thank you so much for your kindly help and support. You are really unique lecturer. I adore you really. You are really great at teaching. Hopefully, you will make a lot more videos online inthe upcoming episodes. Inshallah. I found you in accidentally, I adore you all at once

Such an amazing professor ..please keep going

What class, or classes would you recommend for a person that want's to start a gas/convenience store or a small grocery market? Thanks.

He is so honest this was good

Many thanks, Professor Petrov.

Thanks God for giving us the opportunities to watch this videos,its really eyes opening,i loved everythings about him and the way he delivered the knowledges.thank you so much Sir.May God Grant him and others who contribute in this effort with lots of rewards for this sharing and efforts.Aamiin.