Introduction of Economics 4003-112-k-pe
1. Economics as a science. What is micro- and macroeconomics
2. Goals and tools of macroeconomic policy. Macroeconomic equilibrium
3. The origin and theories of economic growth
4. Consumption, savings, investments. Demand elasticity
5. Economic cycles. Introduction to Keynesian economics
6. Social and economic effects of unemployment
7. Price stability and the Phillips curve
8. Money and the banking system. Introduction to monetarism
9. Fiscal and monetary policies in closed economy
10. Economic growth and socio-economic development
11. Public policy in the face of globalization
12. Growth strategies. What are the determinants of economic success?
13. Main problems and challenges of modern economics
Estimated total number of hours needed to achieve the learning outcomes: 30 hours of course participation, 30 hours of individual work and preparation to final examination.
Type of course
On completion of the course the student has the following learning outcomes:
- defines the objectives of economics as a science
- explains basic concepts and economic theories
- describes key economic indicators
- chooses the tools for data analysis and data presentation
- analyzes simple data and indicates the relationship between them
- defines the objectives and instruments of macroeconomic policy
- differentiates factors determining the socio-economic condition of a country
- enumerates and describes basic theories describing relationships between social and economic change
- indicates the key differences between schools of economics (classical economics, Keynesian economics, monetarism)
- explains the causes and consequences of economic problems, such as unemployment and inflation
- explains the difference between economic growth and socio-economic development of a country
- identifies the factors determining the effectiveness of development strategy of a country
- indicates problems and challenges of contemporary economic thought
- uses basic economic concepts
- refers to economic theories when justifying the results of analysis or views
- identifies and searches for data on the basic macroeconomic indicators
- analyzes macroeconomic condition of a country with the use of simple theories, tools and methods
- identifies and explains the conditions influencing macroeconomic policy
- identifies the key differences between schools of economics (classical economics, Keynesian economics, monetarism)
- explains the role of state in governing growth and development
- identifies factors determining socio-economic condition of a country and exemplifies the relationship
- formulates simple conclusions about the economy
SOCIAL COMPETENCES – the student is ready to:
- reliably and honestly analyze data,
- formulate thought-out conclusions and justify own opinion
- participate in discussion
- learn on his/her own
- work systematically
The final grade is based on:
1) The 10 highest results of all (12) partial assessments. There is one assessment related to each topic. Each assessment has equal weight of 10 points.
2) final examination - composed of open-ended and closed-ended questions.
Only students who have timely completed 10 partial assessments and earn minimum 50 points can enter the final examination.
Each topic is accompanied by obligatory and additional readings. The full list of readings is availible on the course page (http://www.ce.uw.edu.pl/files/users/michal-koltuniak/files/podstawy-ekonomii.docx).
Key positions in course bibliography:
1. Paul A. Samuelson, William D. Nordhaus, "Ekonomia", Poznań 2012.
2. Harry Landreth, David C. Colander, "Historia myśli ekonomicznej", Wydawnictwo Naukowe PWN, Warszawa (różne wydania).
3. John K. Galbraith, "Ekonomia w perspektywie. Krytyka historyczna", Polskie Towarzystwo Ekonomiczne, Warszawa 2011.
Information on level of this course, year of study and semester when the course unit is delivered, types and amount of class hours - can be found in course structure diagrams of apropriate study programmes. This course is related to the following study programmes:
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: