Economics 2103-L-D1EKON
- https://usosweb.uw.edu.pl/kontroler.php?_action=katalog2/przedmioty/pokazPrzedmiot&kod=2103-L-D1EKON
1. Introduction to Economics: Definition of Economics, the Economic Problem, Scarcity of Resources and the Need for Choice, Basic Principles of Economics. Division of Economics into Micro and Macro. The Economist's Toolkit.
Demand, Supply and the Market: What is a Market? Types of Markets. Demand and Quantity Demanded. Demand Responses to Changes in Prices and Income. Supply and Quantity Supplied.
Market Equilibrium. Elasticity and Its Applications.
2. Demand and Consumer Choice Theory: Standard Economic Model. Budget Constraint. Change in Income. Change in Price. Preferences. Utility. Supply and Firms in Competitive Markets: Production Costs. Production Function. Profit Maximization. Consumers, Producers and Market Efficiency.
3. Firm Behavior and Market Structures: Market Forms. Market Structures. Monopoly- Regulation and Deregulation. Monopolistic Competition. Oligopoly.
4. Public Sector Economics: Tax System and Costs of Taxation. Supply, Demand and Government Policy. Public goods, common resources, and socially desirable goods. Externalities and market failure. Information economics and behavioral economics.
5. Labor market economics. Income inequality and poverty.
6. Measuring national income and measuring the cost of living: The components of gross domestic product (GDP). The difference between real and nominal GDP. Gross domestic product and welfare. The consumer price index. The GDP deflator.
7. Production, economic growth, and unemployment: The theory of economic growth. The catch-up effect. Factors of productivity. The concept of unemployment and the unemployment rate. The natural rate of unemployment.
8. Savings, investment, and the financial system: Savings and investment in the system of national accounts. Financial institutions in the economy. The market for loanable funds. The time value of money. Asset pricing.
9. Money and prices in the long run: The monetary system. Functions of money. Liquidity of assets. The role of central banks. The European Central Bank and a single currency. Banks and the money supply. Changes in banking and the financial crisis. Money growth and inflation. The costs of inflation. Deflation.
10. Short-term fluctuations in the economy: Business cycles. The impact of fiscal and monetary policy on aggregate demand. The choice between inflation and unemployment in the short run. The Phillips curve.
11. The open economy: The benefits of trade. International flows of goods and capital. Real and nominal exchange rates. Purchasing power parity. Supply and demand in the loanable funds market and the foreign exchange market.
12. International economics: Common currency areas and the European Economic and Monetary Union. The financial crisis and the problem of public debt.
Course coordinators
Term 2023Z: | Term 2024Z: |
Type of course
Mode
Prerequisites (description)
Learning outcomes
- Ability to analyze a selected problem using economic tools.
- Mastering basic issues and definitions in microeconomics and macroeconomics.
- Understanding the most important mechanisms of the entire economy and individual market participants.
- Ability to use economic models to analyze economic processes.
- Developing critical and analytical thinking skills.
- Developing the ability to work in a group and jointly analyze economic problems.
K_W01, K_W02, K_W03, K_W05, K_W06, K_U01, K_U04, K_K01, K_K03
Assessment criteria
The final grade will be a weighted average of the exercise grade (2/3) and the exam grade (1/3).
- 30% on the oral exam.
- 70% results of work during classes (Seminar)
Practical placement
Not applicable.
Bibliography
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Ingham, Geoffrey, Kapitalizm, Warszawa: Wydawnictwo Sic!, 2011.
5. Milewski R. Kwiatkowski E. (red.) Podstawy ekonomii, Warszawa: PWN, 2008.
6. Morawski W. Konfiguracje globalne: struktury, agencje, instytucje, Warszawa: PWN, 2010.
7. Aldridge A. Rynek, Warszawa: Wydawnictwo Sic!, 2006.
8. Anderson, Ch., Długi ogon. Ekonomia przyszłości – każdy konsument ma głos, Poznań: Media Rodzina, 2008.
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10. Chmielewski P., Homo agens. Instytucjonalizm w naukach społecznych, Warszawa: Poltext, 2011.
11. Ekonomista, czasopismo poświęcone nauce i potrzebom życia założone w roku 1900, Wydawnictwo Key Text.
12. Gąciarz B., Mamak-Zdanecka M., Rynek pracy i organizacje w gospodarce wiedzy, Łódź: Printpap, 2011.
13. Mises L., Teoria a historia. Interpretacja procesów społeczno-gospodarczych, Warszawa: PWN, 2011.
14. Morawski W., Socjologia ekonomiczna, Warszawa: PWN, 2001.
15. Morris Stephen, Devlin Nancy, Parkin David, Ekonomia w ochronie zdrowia, Warszawa: Oficyna Wolters Kluwer Polska, 2011.
16. Free Lunch D.S., Ekonomia dobrze przyrządzona, Gliwice: Wydawnictwo Helion, 2007.
17. Thurow L., Robert L. Heilbroner R.L., Ekonomia od podstaw. Wszystko co powinieneś wiedzieć o gospodarce, Gliwice: Wydawnictwo Helion, 2006.
18. Wrona J. Słownik geografii społeczno-ekonomicznej, Kraków: Towarzystwo Autorów i Wydawców Prac Naukowych UNIVERSITAS, 2012.