- Student is capable of executing applied analysis of the economic phenomena and processes - by using economics methods - and in support of practical decision-making process.
- Able to learn and demonstrate understanding fundamentals of economic theory in its main parts of microeconomics and macroeconomics.
- Able to discuss economic, social, and political topics using relevant economics models and tools of analysis. Have skills in using economics means of visualization like plots and graphs.
- Work with information: find, define and use the relevant economics-related information from different sources which required for solving of research and professional problems (including the system approach)
- Have skills in using economics means of visualization like plots and graphs
- Capable of determining, collecting, and processing economics-related information from various sources
- Capable of analyzing data relevant for decision-making in the professional field
- Able to perform an applied analysis of the economic phenomena from the perspective of economic theory
- Consumer behavior and demandThe first part includes consumer behavior models and demand functions, costs taxonomy and supply functions, firm behavior under various market organizations such as perfect competition, oligopoly, monopolistic competition, and monopoly.
- Costs and production
- Perfectly competitive markets
- Imperfect competition
- Factor markets
- Market failures
- International trade
- State and economic performance
- Macroeconomic indicators
- Economic development
- Business cycles
- Unemployment and inflation
- Open-economy macroeconomics
- Macroeconomic policies
- Economic growthThe second part includes topics of economic growth and business cycles, unemployment and inflation, monetary and fiscal policies, exchange rates and international trade.
- In-class Participation (seminars)20% comes from the students’ work in class during the DGs (which, of course, includes the assessment of their quantitative and qualitative contribution to the discussions, etc.).
- Test 1Tests contain 5 problems to be solved in 75 minutes. These problems are based on the class materials (lectures and mandatory readings for the DGs) for each topic. The grade for each problem is calculated as a number of points obtained for all correct answers (one correct answer equates to 2 points).
- Test 2Tests contain 5 problems to be solved in 75 minutes. These problems are based on the class materials (lectures and mandatory readings for the DGs) for each topic. The grade for each problem is calculated as a number of points obtained for all correct answers (one correct answer equates to 2 points).
- ExamThe exam adds the last 40% to the overall grade. The exam lasts 1 hour 20 minutes and include multiple choice quizzes, open questions, and quantitative problems.
- Interim assessment (4 module)0.4 * Exam + 0.2 * In-class Participation (seminars) + 0.2 * Test 1 + 0.2 * Test 2
- Economics, Samuelson, P., 1992
- Ivan V. Rozmainsky. (2018). Reflections about the Book by A. S. Skorobogatov “Society as a Contract Between the Strong and Week. Essays on Economics of History” (M.: HSE Publishing House, 2018). Žurnal Institucionalʹnyh Issledovanij, 10(3), 180–192. https://doi.org/10.17835/2076-6297.2018.10.3.180-192
- Paul L. Heyne, Peter J. Boettke, & David L. Prychitko. (2013). The Economic Way of Thinking: Pearson New International Edition. Pearson.