Subject 'Micro- and Macroeconomics'

Year:   2014/2015    2015/2016    2016/2017    2017/2018    2018/2019    

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:
- commands the terminology and basic notions 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.
- can search and analysis of the global and national economic situation and specificities.
-is able to express and defend their views in the macroeconomic problems.

Every lecture is based on assignments and discussions.

Kerem, K., Randveer, M. (2007) Mikro- ja makroökonoomika põhikursus. Külim. 158 lk.
Kerem, K., Keres, K., Randveer, M. (2004) Mikroökonoomika alused. Külim. 304 lk.
Eamets, R., Kaasa, A. (2005) Sissejuhatus majandusteooriasse. Tartu. 341 lk.
Arrak, A., Eamets, R. jt. (2008) Eesti majandus: lõimumine Euroopa ja globaalses kontekstis. Tartu. 360 lk.
Kerem, K., Listra, E., Luiker, L., Põder, K. (2000) Makroökonoomika teooriad ja mudelid. Tallinn. 286 lk.
Brown, W. (1997) Makroökonoomika baasteooria. Külim. 480 lk.
Arrak, A., Eamets, R. jt. (2002) Majanduse ABC. Tartu. 396 lk.
Randveer, M. (2006) Mikroökonoomika ülesannete ja harjutuste kogu. Külim. 104 lk.
Org, A., Sults, M. (2001) Makroökonoomika ülesannete ja harjutuste kogu. Külim. 128 lk.
Eesti Panga, Eesti Statistikaameti, OECD, Eurostat jms trükised, andmebaasid, veebilehed.

Each learning outcome is cover by independent homework (about 10 tests and a forum, a total of 40% of the final grade). In addition, there will be two control tests. The first test covers the outcomes of 1-3 (30% of the final grade) and the second test covers learning outcomes 4-5 (30% of the final grade).

2018: TK  

2017: AT  KT  TK  

2016: AT  KT  TK  

2015: AT  KT  

2014: AT  KT  

2013: AT  KT  

2012: AT  KT  

2011: AT  KT  

2010: AT  KT  

2009: AT  KT  

2008: TÖ