Introduction to Economics 2400-PP1WDEa-OG

The course covers the following topics:

1. The Nature of Economics. The Problem of Economizing.
2. Methodology of Economics.
3. Rational choice and consumer behavior.
4. Individual markets: Demand and Supply.
5. Economic Systems.
6. Theory of firm.
7. Market Failures and Externalities. The Role of Government in the Economy.
8. Macroeconomics - Basic Concepts.
9. Economic Growth and Economic Development.
10. Money and Financial Market.
11. International Trade.
12. The Economics of Developing Countries.
13. Summary.

Szacunkowy nakład pracy studenta:
Typ aktywności K (kontaktowe) S (samodzielne)
wykład (zajęcia) 30 0
ćwiczenia (zajęcia) 0 0
egzamin 2 0
konsultacje 3 0
przygotowanie do ćwiczeń 0 0
przygotowanie do wykładów 0 30
przygotowanie do kolokwium 0 0
przygotowanie do egzaminu 0 60
… 0 0
Razem 35 90 = 125

Type of course

general courses

Prerequisites (description)

A student should be able to interpret graphs and to analyse economic problems using basic mathematics

Course coordinators

Beata Łopaciuk-Gonczaryk

Learning outcomes

Knowledge:
Upon the lecture completion a student:
- knows the basic economic definitions like demand, supply, GDP, balance of payments, etc.
- understands how the market system works (at the micro, and macro levels); how prices influence the production and distribution of goods and services; where the system fails and what is an economic role for government.
- knows basic concepts related to economic growth and economic development, international trade, economics of developing countries and transition economies.

Skills:
Upon completion of the course a student:
- is able to apply basic economic reasoning to explain the main problems of the Polish and global economy.
- is able to analyse basic economic concepts using mathematics.
- is able to provide an explanation for economic problems like market failures, etc.

Assessment criteria

Written exam

Bibliography

Required textbook:
C.R. McConell, S.L. Brue, Economics, S. Flynn, McGraw-Hill Irwin or elder edition:

C.R. McConell and S.L. Brue, Economics, McGraw-Hill Irwin

Additional literature (to be supplemented at the classes):

* G. S. Becker, The Economic Approach to Human Behavior, The University of Chicago Press, Chicago 1976
* D. Begg, S. Fischer and R. Dornbusch. Economics, 6th ed., Mcgraw Hill 2000
* R. H. Coase, The nature of the firm, Economica, 1937, 4 (16): 386-405
* F. A. Hayek, The use of knowledge in society, American Economic Review, (1945), 35 (4): 519-530
* P. Krugman, M. Obsfeld, International Economics, Addison Wesley, New York 2000, ch. 6
* A. Kukla-Gryz, International Trade and Air Pollution: A Decomposition Analysis", Ecological Economics, 2009, 68(5):1329-1339
* T. Mayer , Truth Versus Precision in Economics, Edward Elgar 1993
* N.G. Mankiew, Principles of Economics, 3rd ed., Thompson 2004
* D. Rodrik, One Economics, Many Recipes. Globalization, Institutions, and Economic Growth, Princeton University Press 2007
* J. Stiglitz, Globalization and its discontents, W.W. Norton & Company, New York 2002, ch. 1, 2, 3
* J. E. Stiglitz, Economics of the Public Sector, Norton&Co, New York-London 2000
* O. E. Williamson, The Theory of the Firm as Governance Structure: From Choice to Contract, Journal of Economic Perspectives, 2002, 16 (3): 171–195

Additional information

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:

Description of 2400-PP1WDEa-OG in USOSweb