- All the topics are considered from the perspective of their relevance for a potential agenda for policy makers.
- Demonstrates and in-depth knowledge and critical understanding fundamentals of economic theory in its main parts of micro- and macroeconomics
- Recognizes the reciprocal relationship between economic theory and empirical evidence.
- Utilizes received skills to solve the numerical exercises based on the famous models from both micro- and macroeconomics like the demand and supply model, the Keynesian cross model, etc
- Applies received knowledge and understanding of economic theory for evaluation of different types of economic policy dealing with the real economic problems
- Different economic systems
- Demand and supply analysis
- Market equilibrium and market disequilibrium
- Market failures and microeconomic policy of the government
- Consumer behavior
- Costs and production
- Firms under perfect competition
- Firms under imperfect competition
- GDP and other macroeconomic indicators
- Determination of GDP: the AD-AS model
- Business cycles
- Unemployment and inflation
- The Keynesian cross model and fiscal policy
- Money, banking and monetary policy
- Open-economy macroeconomics
- Economic growth
- Students’ work in class20% 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.).
- TestStudents should take two tests which will contain open questions and quantitative problems. Each test adds 20%.
- ExamThe exam grade is a blocking grade. If you fail the exam, you fail the class and have to retake it during the retake session. The both exam and tests scores are the sums of the points received for each item on the exam. In the process of making quantitative problems - it is necessary to make relevant calculations; if they are done incompletely or incorrectly, the points are reduced. In dealing with open questions, you need to build a chain of cause-and-effect relationships; the points are reduced if such a chain is again incomplete or incorrect.