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Economics

Informacje ogólne

Kod przedmiotu: 2104-UPIR-D2ECON Kod Erasmus / ISCED: 14.6 / (0312) Politologia i wiedza o społeczeństwie
Nazwa przedmiotu: Economics
Jednostka: Wydział Nauk Politycznych i Studiów Międzynarodowych
Grupy: Stosunki Międzynarodowe -UPIR- DZIENNE 2 semestr 1 rok
Punkty ECTS i inne: 6.00
zobacz reguły punktacji
Język prowadzenia: angielski
Rodzaj przedmiotu:

obowiązkowe

Założenia (opisowo):

(tylko po angielsku) Familiarizing students with the basic topics in microeconomics and macroeconomics and the problems of the modern world economy.

Skrócony opis: (tylko po angielsku)

The course is offered to first year Bachelor students and aims to familiarize them with the basic topics in microeconomics and macroeconomics, as well as to develop the ability to analyze contemporary economic problems. Students will gain knowledge about the functioning of the market and its participants, as well as discuss topics related to the role of the state in the economy, the labor market, the problem of inequality, the financial system and international cooperation.

Pełny opis: (tylko po angielsku)

Block 1

Introduction to economics: Definition of economics, economic problem, scarcity of resources and necessity of choice, basic principles of economics. Division of economics into micro and macro. Economist tool kit.

Demand, supply and market: What is the market? Types of markets. Demand and its size. Demand reactions to changes in prices and income. Supply and its size. Market equilibrium. Elasticity and its applications.

Block 2

Market demand and consumer choice theory: A standard economic model. Budget constraint. Change in income. Price change. Preferences. Utility.

Market supply and enterprises in competitive markets: Production costs. Production function. Maximizing profit.

Consumers, producers and the efficiency of markets.

Firm behavior and market structures: Monopoly - regulation and deregulation. Monopolistic competition. Oligopoly.

Block 3

The economics of the public sector: the tax system and taxation costs. Supply, demand and state policy.

Public goods, common resources and merit goods. Externalities and market failure. Information and behavioral economics.

Block 4

Labor economics. Income inequality and poverty.

Block 5

Measuring a nation’s well-being and the cost of living: Components of gross domestic product (GDP). Real versus nominal GDP. The limitations of gross domestic product as a measure of well-being. The Consumer Price Index.

Block 6

Production, growth, and unemployment: Growth theory. Catch-up effect. Determinants of productivity. Identifying unemployment. Natural rate of unemployment.

Block 7

Saving, investment and the financial system: Saving and investment in the national income accounts. Financial institutions in the economy. The market for loanable funds. Measuring the time value of money. Asset valuation.

Blok 8

Money and prices in the long run: The monetary system. The role of central banks. The European Central Bank and the Eurosystem. Banks and the money supply. Money growth and inflation. The costs of inflation. Deflation.

Blok 9

Short-run economic fluctuations: Business cycles. The influence of monetary and fiscal policy on aggregate demand. The short-run trade-off between inflation and unemployment. Phillips’ curve.

Blok 10

Open economy: The gains from trade. The international flows of goods and capital. Real and nominal exchange rates. Purchasing power parity. Supply and demand for loanable funds and for foreign currency exchange.

Blok 11

International macroeconomics: Common currency areas and European monetary union. The financial crisis and sovereign debt.

Literatura: (tylko po angielsku)

Economics, 4th Edition, N. Gregory Mankiw, Mark P. Taylor

Efekty uczenia się: (tylko po angielsku)

- Ability to carry out the analysis of a selected problem with the use of economics tools.

- Mastering the basic issues and definitions in the field of microeconomics and macroeconomics.

- Understanding the most important mechanisms of the entire economy as well as individual market participants.

- Ability to use economic models when analyzing economic processes.

- Developing the skills of critical and analytical thinking.

- Developing group work skills and joint analysis of economic problems.

Metody i kryteria oceniania: (tylko po angielsku)

Completion of the course is based on the following criteria:

- active participation in class (50% of final grade),

- final exam grade (50% of final grade).

Zajęcia w cyklu "Semestr letni 2019/20" (zakończony)

Okres: 2020-02-17 - 2020-08-02
Wybrany podział planu:


powiększ
zobacz plan zajęć
Typ zajęć: Wykład, 60 godzin, 81 miejsc więcej informacji
Koordynatorzy: Maciej Jakubowski, Zofia Liberda
Prowadzący grup: Maciej Jakubowski, Zofia Liberda
Lista studentów: (nie masz dostępu)
Zaliczenie: Przedmiot - Zaliczenie
Wykład - Egzamin
Skrócony opis: (tylko po angielsku)

The course is offered to first year Bachelor students and aims to familiarize them with the basic topics in microeconomics and macroeconomics, as well as to develop the ability to analyze contemporary economic problems. Students will gain knowledge about the functioning of the market and its participants, as well as discuss topics related to the role of the state in the economy, the labor market, the problem of inequality, the financial system and international cooperation

Pełny opis: (tylko po angielsku)

Block 1

Introduction to economics: Definition of economics, economic problem, scarcity of resources and necessity of choice, basic principles of economics. Division of economics into micro and macro. Economist tool kit.

Demand, supply and market: What is the market? Types of markets. Demand and its size. Demand reactions to changes in prices and income. Supply and its size. Market equilibrium. Elasticity and its applications.

Block 2

Market demand and consumer choice theory: A standard economic model. Budget constraint. Change in income. Price change. Preferences. Utility.

Market supply and enterprises in competitive markets: Production costs. Production function. Maximizing profit.

Consumers, producers and the efficiency of markets.

Firm behavior and market structures: Monopoly - regulation and deregulation. Monopolistic competition. Oligopoly.

Block 3

The economics of the public sector: the tax system and taxation costs. Supply, demand and state policy.

Public goods, common resources and merit goods. Externalities and market failure. Information and behavioral economics.

Block 4

Labor economics. Income inequality and poverty.

Block 5

Measuring a nation’s well-being and the cost of living: Components of gross domestic product (GDP). Real versus nominal GDP. The limitations of gross domestic product as a measure of well-being. The Consumer Price Index.

Block 6

Production, growth, and unemployment: Growth theory. Catch-up effect. Determinants of productivity. Identifying unemployment. Natural rate of unemployment.

Block 7

Saving, investment and the financial system: Saving and investment in the national income accounts. Financial institutions in the economy. The market for loanable funds. Measuring the time value of money. Asset valuation.

Blok 8

Money and prices in the long run: The monetary system. The role of central banks. The European Central Bank and the Eurosystem. Banks and the money supply. Money growth and inflation. The costs of inflation. Deflation.

Blok 9

Short-run economic fluctuations: Business cycles. The influence of monetary and fiscal policy on aggregate demand. The short-run trade-off between inflation and unemployment. Phillips’ curve.

Blok 10

Open economy: The gains from trade. The international flows of goods and capital. Real and nominal exchange rates. Purchasing power parity. Supply and demand for loanable funds and for foreign currency exchange.

Blok 11

International macroeconomics: Common currency areas and European monetary union. The financial crisis and sovereign debt.

Literatura: (tylko po angielsku)

Economics, 4th Edition, N. Gregory Mankiw, Mark P. Taylor

Zajęcia w cyklu "Semestr letni 2020/21" (jeszcze nie rozpoczęty)

Okres: 2021-02-22 - 2021-06-13
Wybrany podział planu:


powiększ
zobacz plan zajęć
Typ zajęć: Wykład, 60 godzin, 81 miejsc więcej informacji
Koordynatorzy: Karolina Goraus-Tańska
Prowadzący grup: Karolina Goraus-Tańska
Lista studentów: (nie masz dostępu)
Zaliczenie: Przedmiot - Zaliczenie
Wykład - Egzamin
Skrócony opis: (tylko po angielsku)

The course is offered to first year Bachelor students and aims to familiarize them with the basic topics in microeconomics and macroeconomics, as well as to develop the ability to analyze contemporary economic problems. Students will gain knowledge about the functioning of the market and its participants, as well as discuss topics related to the role of the state in the economy, the labor market, the problem of inequality, the financial system and international cooperation

Pełny opis: (tylko po angielsku)

Block 1

Introduction to economics: Definition of economics, economic problem, scarcity of resources and necessity of choice, basic principles of economics. Division of economics into micro and macro. Economist tool kit.

Demand, supply and market: What is the market? Types of markets. Demand and its size. Demand reactions to changes in prices and income. Supply and its size. Market equilibrium. Elasticity and its applications.

Block 2

Market demand and consumer choice theory: A standard economic model. Budget constraint. Change in income. Price change. Preferences. Utility.

Market supply and enterprises in competitive markets: Production costs. Production function. Maximizing profit.

Consumers, producers and the efficiency of markets.

Firm behavior and market structures: Monopoly - regulation and deregulation. Monopolistic competition. Oligopoly.

Block 3

The economics of the public sector: the tax system and taxation costs. Supply, demand and state policy.

Public goods, common resources and merit goods. Externalities and market failure. Information and behavioral economics.

Block 4

Labor economics. Income inequality and poverty.

Block 5

Measuring a nation’s well-being and the cost of living: Components of gross domestic product (GDP). Real versus nominal GDP. The limitations of gross domestic product as a measure of well-being. The Consumer Price Index.

Block 6

Production, growth, and unemployment: Growth theory. Catch-up effect. Determinants of productivity. Identifying unemployment. Natural rate of unemployment.

Block 7

Saving, investment and the financial system: Saving and investment in the national income accounts. Financial institutions in the economy. The market for loanable funds. Measuring the time value of money. Asset valuation.

Blok 8

Money and prices in the long run: The monetary system. The role of central banks. The European Central Bank and the Eurosystem. Banks and the money supply. Money growth and inflation. The costs of inflation. Deflation.

Blok 9

Short-run economic fluctuations: Business cycles. The influence of monetary and fiscal policy on aggregate demand. The short-run trade-off between inflation and unemployment. Phillips’ curve.

Blok 10

Open economy: The gains from trade. The international flows of goods and capital. Real and nominal exchange rates. Purchasing power parity. Supply and demand for loanable funds and for foreign currency exchange.

Blok 11

International macroeconomics: Common currency areas and European monetary union. The financial crisis and sovereign debt.

Literatura: (tylko po angielsku)

Economics, 4th Edition, N. Gregory Mankiw, Mark P. Taylor

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Właścicielem praw autorskich jest Uniwersytet Warszawski.