Economics (Basics)

elementary

(in Polish) Ćwiczenia

PR_U05;

PR_K01;

PR_K03;

PR_K04

Lecture Level: Basic, Obligatory

The Lecture aims:

1. To present most important micro- and macroecomomic issues connected to business activity, consumer, producer and public activity, .

2. To use the Lecture most effective, it is crucial for the Student to take active part in the Lecture, to make reflections on analyzed both practical and theoretical problems.

Entrance requirements: 0

economic thinking, good, and their rarity, the subject of economics, the theory of the invisible hand of the market, a brief history of economics (Keynes, Smith), positive and normative economics, micro-and macroeconomics, the principle of rationality, the factors of production, homo economicus, Homo Politicus, homo sovieticus , cost of alternative

principles of operation and market analysis, types of markets, price mechanism, demand, supply, market equilibrium, types of economies, GNP and GDP, final and intermediate goods, value added taxes, direct and indirect, curve Laffer'a, indicators, real and nominal size , ceteris paribus, comparative statics

long and short-term economic development, according to a "trade-off", the role of the state in the economy, transfer payments, production possibilities curve, the law of diminishing returns, the factors determining the demand function, total and marginal utility, law of diminishing marginal utility, a good substitute and complementary

price elasticity of demand, mixed elasticity of demand, income elasticity of demand, elastic and inelastic demand, types of goods, aggregate demand, linear system, tilt and shift axes

theory of consumer choice, reduce the budget line, indifference curve, diminishing marginal rate of substitution, the maximum amount of utility, income growth path, the substitution effect and the income

production companies, revenues, costs, profits, economic cost, takings limit, balance sheet, income statement, cash flow, goodwill, production function, economies of scale, minimum efficient scale, the final product of work

the balance of the company, the balance of industries, perfect competition, monopoly, monopolistic competition, oligopoly, cartel price war, monopsony, a single price law, antitrust law, remuneration of the factors of production externalities, natural monopoly

components of the national income, the distribution of national income, economic growth, Economic welfare net, the potential and the actual production, consumption function, the absolute income hypothesis, life cycle, permanent income, average and marginal propensity to consume, consumption autonomous

the main macro-economic phenomena such as inflation, unemployment, frictional unemployment, structural unemployment, classical and Keynesian approach, the natural rate of unemployment, the Phillips curve, the causes of inflation, monetary illusion, quantitative theory of money

state finances, the economic role of the state, the structure of the state budget, public debt, fiscal policy, growth and development

nature of money, functions of money, the central bank and the functioning of the banking system, monetary policy, monetary base, monetary aggregates, the optimum currency area in the European Union

international trade, comparative advantages, the concept of balance of payments and its components, systems exchange rates, depreciation, appreciation, liberalization of capital movements, state protectionism

international economic integration, the European Union, Polish economic policy in the European Union