Subject 'Micro- and Macroeconomics I'

Year:   2011/2012    2012/2013    2013/2014    2014/2015    2015/2016    

Basic notions and research methods of economics. Production factors and the curve of production opportunities. Market demand and offer. Cost analysis. Market structure, goods market and resource market. National economy accounting. Gross domestic product (GDP), national domestic product (NDP). Consumption, saving, investment. Gross demand and gross offer. Population. Labour market and labour force. Unemployment and inflation. Fiscal and monetary policy. Balance of payments. Economic communities.

The objective of the course is to develop economic thinking of the students and master an economic theoretical basic course. The course teaches mastering economic fundamental notions and economic terminology. The objective is to master the skills of making rational decisions, based on the principles, active in economy. The content of the course explains the economic behaviour of an individual household, enterprise, production branch and the whole national economy.

The student after completing the course commands the terminology and basic concepts of economics, established principles and conceptions that are active in economy as well as contemporary economic trends and developments; has mastered and can analyse economic behaviour of the market participants; orientates in contemporary macroeconomic trends.

Lectures, seminars, practical classes, tests, presentations. The mark includes the results of independent work, tests, presentations and the exam.

Kerem, K., Randveer, M. Mikro- ja makroökonoomika põhikursus. TTÜ, Külim", 2004; Eamets, R. jt. Sissejuhatus majandusteooriasse. TÜ, Tartu Ülikooli Kirjastus, 2005; Wrobel, R.M. Euroopa majanduspoliitika alused. TÜ, Tartu Ülikooli Kirjastus, 2001; Samuelson, P.A., Nordhaus, W.D. Economics Irwin, McGrow Hill, 2005.

2008: LI  TI  

2007: LI  TI  

2006: LI  TI  

2005: LI  TI  

2004: LI  TI