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Economic Theory

2019/2020
Учебный год
ENG
Обучение ведется на английском языке
8
Кредиты
Статус:
Курс по выбору
Когда читается:
1-й курс, 1-4 модуль

Преподаватель

Course Syllabus

Abstract

The course “Economics” is aimed at students of political science department without any background in economics or that from high school. The course contains lectures (28 hours) and seminars (28 hours). Lectures cover all the topics, but some technical details are left for self-study of students with the use of the presentations and literature. Seminars involve solving applied tasks with the use of simulated and real data.
Learning Objectives

Learning Objectives

  • use economic terminology to read both journalistic and scientific literature, put into practice the approaches of economic thinking and methods of economic analysis of social processes.
Expected Learning Outcomes

Expected Learning Outcomes

  • Able to learn and demonstrate skills in the field, other than the major field
  • Work with information: find, define and use the information from different sources which required for solving of research and professional problems (including the system approach)
  • Student is capable of retrieving, collecting, processing and analyzing information relevant for achieving goals in the professional field
  • Student is capable of executing applied analysis of the political phenomena and political processes by using political science methods
  • Student is capable of executing applied analysis of the political phenomena and political processes and in support of practical decision making process
Course Contents

Course Contents

  • Introduction to economics
  • Fundamentals of market economy
  • Supply and demand
  • Elasticity
  • Government policies
  • Consumer behavior and demand
  • Substitution Effect and Income Effect
  • From Individual to Market Demand
  • Market organization, costs and supply
  • Factor markets
  • The Labor Market. Capital, Interest, and Profits
  • General equilibrium concept
  • Social welfare
  • Efficiency and equity
  • Market failures: imperfect competition and externalities
  • Natural monopolies
  • Market failures in information
  • State and economic performance
  • Macroeconomic indicators: Economic activity
  • Macroeconomic indicators: Consumption and investment
  • Economic growth
  • The Challenge of Economic Development
  • Exchange Rates
  • International Financial System
  • Business cycles
  • Unemployment and the Foundations of Aggregate Supply
  • Inflation
  • Economic policies aiming at unemployment and inflation
  • Open-economy macroeconomics: foreign trade and economic activity
  • Interdependence in the global economy
  • Macroeconomic policies
  • Monetary Policy and the Economy
  • Interaction of Monetary and Fiscal Policies
Assessment Elements

Assessment Elements

  • non-blocking in-class activities
  • blocking final exam
  • non-blocking test 1
  • non-blocking test 2
  • non-blocking quizzes
Interim Assessment

Interim Assessment

  • Interim assessment (4 module)
    0.3 * final exam + 0.1 * in-class activities + 0.2 * quizzes + 0.2 * test 1 + 0.2 * test 2
Bibliography

Bibliography

Recommended Core Bibliography

  • Kolmar, M., & Hoffmann, M. (2018). Workbook for Principles of Microeconomics. Springer.

Recommended Additional Bibliography

  • Mukherjee, S. (2019). Microeconomics. [N.p.]: New Central Book Agency. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2239724