Details
Instructor: Sergey Kichko
Class hours: 18
Objectives of the course
At the end of the course students will acquire a basic knowledge of the main concpets and theories used in micro- and macroeconomic analyses. They will also be able to understand and reproduce some graphical analyses of microeconomic models (consumer choices, market demand and supply) and macroeconomic models (production possibilities frontier, aggregate demand and supply).
Contents of the course
- Markets' functioning;
- Consumer theories and demand analysis;
- Firms' decisions in different market structures;
- Basic concepts of national accounting;
- A model of aggregate demand and supply;
- Growth theories;
- International trade
Teaching methods
After an initial test for self-assessment, a series of lectures will introduce students to the main concepts and diagrams used to analyse basic economic phenomena.
By attending the asynchronous lectures and working individually on the suggested material, students will be able to improve their result in the second and final self-assessment test.
Assessment criteria
Entry Test and Exit Test with about 20 questions, either multiple choice questions or questions that ask to draw/interpret diagrams.
Literature
(BB) Baumol, W., and Blinder, A., 2015, Economics: Principles and Policy, Thomson - South-Western. Previous editions of this textbook can also be used.