Objectives and competences
In this course students:
1. Get the basic grasp of Economics
2. Are familiarised with the applicability of different theories of basic economics
3. Are familiarised with elements of economics and are aware of interdependence between them
4. Are familiarised with and grasp the basic concepts of principles of economics and market imperfections
5. Learn to write, think and express themselves accurately in the basic field of economics
6. Acquire fundamental knowledge of economics
7. Are familiarised with the importance of economics
8. Gain the ability to economics
Content (Syllabus outline)
1. The Fundamentals of Economics
2. Economic System and the Market Mechanism
3. Market Imperfections
4. Theoretical Concept of Supply
5. Theoretical Concept of Demand
6. Competitive Prices
7. Monopoly and Imperfect Competition
8. Markets for Factor Inputs
9. Macroeconomics and Important Macroeconomic Variables
10. Economic Growth (Long-run Analysis) and Economic Fluctuations (Short-run Analysis)
11. Keynes's Analysis of Aggregate Expenditures
12. Aggregate Supply and Aggregate Demand
13. Money and Monetary Policy
14. Fiscal Policy
15.Some Problems of Stabilization Policy
Learning and teaching methods
Lectures
Tutorial and group work,
Solving exercises
Intended learning outcomes - knowledge and understanding
Development of knowledge and understanding:
Students:
1. Understand basic concepts of economics
2. Learn to use (apply) economics in solving business problems.
3. Recognize basic characteristics of economics
4. Can demonstrate awareness of ethical issues in the field of economics, particularly in connection with market imperfections.
5. Are able to discuss ethical issues in relation to personal beliefs and values.
6. They are aware of the dilemmas of establishing an environmentally sustainable economic model.
Intended learning outcomes - transferable/key skills and other attributes
Cognitive/Intellectual skills:
Students:
1. Can analyse with guidance using given classification/principles.
2. Can collect and arrange data and ideas in a standard way.
3. Can evaluate the reliability of data using defined techniques and under guidance.
4. Students develop greater independence of thought and the ability to solve problems.
Key/Transferable skills
Students:
1. Use ICT.
2. Develop skills for team work.
3. Develop professional ethics.
4. Establish international relations.
5. Develop learning techniques and strategies for individual study, permanent reflection and evaluation.
6. Develop interest for lifelong learning.
Readings
Obvezna študijska literature (Compulsory textbooks):
Davorin Kračun: Uvod v ekonomijo z mikroekonomiko, GV založba, Ljubljana 2008.
OSNOVE EKONOMSKE TEORIJE II, MAKROEKONOMIJA, Peter Mikek in Mira Rihtarič, Univerza v Mariboru, EPF
EKONOMIJA – naloge z rešitvami, Peter Mikek in drugi, Univerza v Mariboru, EPF
Dodatna literatura (Additional Recommendations):
Economics. Michael Parkin. Pearson, 2012
Economics, 19th Edition. P. Samuelson and W. Nordhaus, McGraw-Hill, 2010
Additional information on implementation and assessment Type (examination, oral, coursework, project),
written examination (100%) or
two written tests (each 50 %)*
*A pass in the 1st written test is a prerequisite for taking the 2nd written test.
