Micro and macroeconomic fundamentals of international business
Course: International business (compulsory study of two foreign languages)
Structural unit: Educational and scientific institute of international relations
Title
Micro and macroeconomic fundamentals of international business
Code
ОК26
Module type
Обов’язкова дисципліна для ОП
Educational cycle
First
Year of study when the component is delivered
2023/2024
Semester/trimester when the component is delivered
2 Semester
Number of ECTS credits allocated
3
Learning outcomes
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.
Form of study
Full-time form
Prerequisites and co-requisites
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.
Course content
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.
Recommended or required reading and other learning resources/tools
Planned learning activities and teaching methods
Lecture (presentation), seminar, self-study
Assessment methods and criteria
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.
Language of instruction
Ukrainian
Lecturers
This discipline is taught by the following teachers
Departments
The following departments are involved in teaching the above discipline