Infopaket

Micro and macroeconomic fundamentals of international business

ОК26

Обов’язкова дисципліна для ОП

First

2021/2022

2 Semester

3

Basic concepts and methods of microeconomic research. Instrumental set of microeconomics. Consumer behavior and market demand, production and costs. Theory of market structures. State regulation of economy. Factors of production markets. Aggregate demand and the factors that determine it. Money and banking. Aggregate demand and economic growth.

Full-time form

1) Knowledge of general material implied by secondary education level programs, including those necessary for entering high school. 2) Knowledge of basic concepts in the field of economics. 3) Availability of skills in working with the Internet, searching for information and data. 4) Knowledge of English.

Introduction to micro- and macroeconomics 1. Economic models and theories 2. Demand, supply and market. 3. Consumer behavior and market demand. 4. The state in a mixed economy 5. Elasticity. 6. Production and time horizon of the firm. 7. The market of perfect competition. Pure monopoly. Oligopoly and monopolistic competition. 8. Factors markets 9. Aggregated demand and the factors that determine it 10. Money and its functions. Types of money. Credit money. 11. Budget, fiscal policy 12. Economic growth. GDP and living standards. Production function. Harrod-Domar's model of economic growth. Solow's economic growth model. 13. Inflation. Phillips curve. 14. International trade and balance of payments. 15. Exchange rate.

Lecture (presentation), seminar, self-study

1. Working at seminars – speeches, additional remarks, debates, discussions, brief tests, typical problems solving – up to 28 points. 2. Case study report – up to 17 points. 3. Review paper (complex test) – up to 15 points. 4. Final evaluation – up to 40 points.

Ukrainian