Economic Theory and Economic Policy

Course: Economics and Economic Policy

Structural unit: Faculty of Economics

Title
Economic Theory and Economic Policy
Code
ОК 1.9
Module type
Обов’язкова дисципліна для ОП
Educational cycle
First
Year of study when the component is delivered
2021/2022
Semester/trimester when the component is delivered
2 Semester
Number of ECTS credits allocated
10
Learning outcomes
PLO 3. To know and use economic terminology, explain the basic concepts of micro- and macroeconomics PLO 4. To understand the principles of economics, especially the functioning of economic systems and methods of economic policy. PLO 5. To apply analytical and methodical tools for substantiating proposals and making managerial decisions by various economic agents (individuals, households, enterprises and government authorities). PLO 7. To explain the models of socio-economic phenomena from the point of view of fundamental principles and knowledge on the basis of understanding the basic directions of the development of economics and economic policy.
Form of study
Full-time form
Prerequisites and co-requisites
Knowledge of basic secondary education, which corresponds to the third level of the National Qualifications Framework
Course content
Subject, methodology and functions of economic theory. System of economic needs and interests. The essence, structure and typology of economic systems. Forms of organization of social production. The essence, types and infrastructure of the market. Competition and monopoly. Production costs and profits. Structure and distribution of income of economic agents. Antitrust and social policy. State regulation of agrarian relations. Content, types and models of social reproduction. National accounting system. Interaction of aggregate demand and aggregate supply, macroeconomic equilibrium. Factors, types and models of economic growth. Cyclical economic development. Inflation and unemployment. Theory of taxation. Financial and credit systems. State regulation of the national economy.
Recommended or required reading and other learning resources/tools
1. Економічна теорія: Політекономія: Підручник / В.Д. Базилевич, Н.І. Гражевська, В.М. Попов та ін. ; за ред. В.Д. Базилевича. – Київ : Знання, 2014. 710 с. 2. Економічна теорія. Політекономія : Практикум: Навч. посібник. / В.Д. Базилевич, Н.І. Гражевська, В.Л. Осецький та ін.; за ред. В.Д. Базилевича. Київ : Знання, 2010. 494 с. 3. Історія економіки та економічної думки: підручник / В.Д. Базилевич, Т.В. Гайдай, Н.І. Гражевська та ін. ; за ред. В.Д. Базилевича. Київ : Знання, 2018. 775 с. 4. Теоретичні основи економічної політики : навчальний посібник / П. П. Несененко, О. А. Артеменко, О. Є. Патлатой. – К. : ФОП Гуляєва В. М., 2019. – 306 с. 5. Saros, Daniel E. Principles of Political Economy. Valparaiso University, 2019. URL: https://open.umn.edu/opentextbooks/textbooks/739
Planned learning activities and teaching methods
Lecture. Seminar. Work in small groups. Participation in discussions and debates. Fulfillment tests and creative tasks.
Assessment methods and criteria
Semestrial evaluation: 60 points maximum / 36 points minimum. 1. Work on seminars of content part 1 (speeches, additions, participation in discussions and debates, fulfillment of tests and creative tasks): RS 1.1-1.4; RS 2.2-2.5 - Max 10 points / Min 6 points. 2. Midterm test 1: RS 1.1-1.4; RS 2.1-2.5 - Max 10 points / Min 6 points. 3. Work on seminars of content part 2 (speeches, additions, participation in discussions and debates, fulfillment of tests and creative tasks): RS 1.1-1.4; RS 2.1-2.5 - Max 10 points / Min 6 points. 4. Midterm test 2: RS 1.1-1.4; RS 2.2-2.5 - Max 10 points / Min 6 points. 5. Individual work (presentation of the results of creative individual tasks): RS 2.4-2.5; RS 3 - Max 20 points / Min 12 points.Summary evaluation during examination: maximum grade for the exam – 40 points,
Language of instruction
Ukrainian

Lecturers

This discipline is taught by the following teachers

Nadiia Hrazhevska
Department of Economic Theory, Macro- and Microeconomics
Faculty of Economics

Departments

The following departments are involved in teaching the above discipline

Department of Economic Theory, Macro- and Microeconomics
Faculty of Economics