Objectives and competences
1. Acquaintance of the fundamental terms and concepts of market economy and the basic principle of micro-economy – the principle of optimization and balance.
2. Insight into economic growth and economic policies which promote growth and stability.
Content (Syllabus outline)
Fundamentals of Economics;
Economic System and the Market Mechanism;
Supply and Demand;
Competitive Pricing and Imperfect Competition;
Resource Prices and Distribution of Income;
Macroeconomics and Important Macroeconomic Variables;
Economic Growth (long-run Analysis) and Economic Fluctuations (short-run Analysis);
Keynes's Analysis of Aggregate Expenditures;
Aggregate Supply and Aggregate Demand;
Money and Monetary Policy;
Fiscal Policy:
Some problems of Stabilization Policy.
Learning and teaching methods
Classical lectures
Interactive communication with students
Practical and actual examples from globalized economy of euro area and the whole global economy
Readings
Parkin, Economics, Pearson (selected chapters)
Samuelson and Nordhaus, Economics, McGraw-Hill (selected chapters)
