View curriculum subjects. Basic notions and research methods of economics. Production factors and the curve of production opportunities. Market demand and offer. Cost analysis. Market structure, goods market and resource market.
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Basic notions and research methods of economics. Production factors and the curve of production opportunities. Market demand and offer. Cost analysis. Market structure, goods market and resource market. National economy accounting. Consumption, saving, investment. Gross demand and gross offer. Labour market and labour force. Unemployment and inflation. Fiscal and monetary policy. Balance of payments. Economic communities. The objective of the course is to develop economic thinking of the students and master an economic theoretical basic course.
The course teaches mastering economic fundamental notions and economic terminology. The objective is to master the skills of making rational decisions, based on the principles, active in economy. The content of the course explains the economic behaviour of an individual household, enterprise, production branch and the whole national economy.
The student: - commands the terminology and basic notions of economics, established principles and conceptions that are active in economy as well as contemporary economic trends and developments. Arrak, A. Majanduse ABC.
Tartu, Kerem, K. Economics Irwin, McGrow Hill.
Subject 'Micro- and Macroeconomics'
Micro- and Macroeconomics. Students will understand basic economic principles in order to pursue their interests as consumers and producers in domestic and global economies. They will demonstrate competency by applying economic reasoning to individual, business, and government practices. Microeconomics examines the economic theory related to the operation of business firms, including supply, demand, elasticity, price determination, production function and production costs, perfect and imperfect competition, resource markets, uncertainty and information. Topics include determining economic problems, the way consumers and businesses make decisions, the way markets work and how they fail, and the way government action affects markets public choice. Macroeconomics studies the economy as a whole, examining the flows of resources and outputs and the factors determining the level of income and prices.
Basic notions and research methods of economics. Production factors and the curve of production opportunities. Market demand and offer. Cost analysis.