Economics Basics

Description: The course is devoted to the study of the economy from two points of view: from the standpoint of economic science and from the standpoint of the production and economic activities of subjects of market relations. Future leaders and managers need to master the economic methods of work, because the adoption of any decision involves the choice of the only correct option from among the alternative ones, based on scientific assessments of the economic efficiency of the predicted results.

Amount of credits: 5

Пререквизиты:

• Основы экономики. Школьный курс

Course Workload:

Component: Component by selection

Cycle: Secondary disciplines

Goal

• Consideration of the laws of the development and functioning of the economic system, the behavior of people in the production, distribution, exchange and consumption of material goods and services in order to meet the needs of limited resources.

Objective

• form a comprehensive understanding of the economy as a system;
• get a complete picture of the basic concepts, categories, patterns that characterize economic development;
• economic processes for independent application of methods, methods of analysis, tools used in any field of economic activity

Learning outcome: knowledge and understanding

• knows about the development trends in the field of modern business
• understands the essence of the main phenomena and urgent problems in the field of economic and industrial management, including the state of the environment, foreign experience in managing enterprises and the economy as a whole

Learning outcome: applying knowledge and understanding

• analyzes economic processes and phenomena at the macro and micro levels in their interrelation, identifies problems
• suggests ways and means to solve them and evaluate the expected results

Learning outcome: formation of judgments

• possesses economic thinking and logic,
• able to professionally solve practical issues and tasks in the field of economics

Learning outcome: communicative abilities

• have professional communication and intercultural communication skills

Learning outcome: learning skills or learning abilities

• demonstrates the ability of practical application of the knowledge, skills and abilities acquired in the learning process

Teaching methods

interactive lecture (visual lecture with demonstration of materials in the form of a slide lecture or video lecture)

seminars (story, conversation, explanations, messages, report, essays, abstracts

practical exercises (problem solving, testing, business games, trainings)

control classes (survey, testing, test)

Assessment of the student's knowledge

Teacher oversees various tasks related to ongoing assessment and determines students' current performance twice during each academic period. Ratings 1 and 2 are formulated based on the outcomes of this ongoing assessment. The student's learning achievements are assessed using a 100-point scale, and the final grades P1 and P2 are calculated as the average of their ongoing performance evaluations. The teacher evaluates the student's work throughout the academic period in alignment with the assignment submission schedule for the discipline. The assessment system may incorporate a mix of written and oral, group and individual formats.

The evaluating policy of learning outcomes by work type

Evaluation form

The student's final grade in the course is calculated on a 100 point grading scale, it includes:

• 40% of the examination result;
• 60% of current control result.

The final grade is calculated by the formula:

 

Where Midterm 1, Midterm 2are digital equivalents of the grades of Midterm 1 and 2;

E is a digital equivalent of the exam grade.

Final alphabetical grade and its equivalent in points:

The letter grading system for students' academic achievements, corresponding to the numerical equivalent on a four-point scale:

Topics of lectures

• Subject and method of economic theory
• Social production, its structure and results
• Property relations and their role in the economy
• Forms of social economy
• Fundamentals of the theory of supply and demand
• Competition, types of competitive markets
• Entrepreneurial activity, its main types and forms
• Entrepreneurial activity, its main types and forms
• Circulation and turnover of capital (funds) of the enterprise
• Costs and income of the enterprise
• Markets of factors of production and the formation of factor income
• National economy as a system
• Cyclical nature of economic development and economic growth
• Unemployment and inflation as manifestations of economic instability
• State regulation: essence, goals, tools

Key reading

• 1. Zhuravleva G.P., Jekonomicheskaja teorija. Mikrojekonomika. - M.: INFRA-M, 2017g, 440s
• 2. Mahovikova G.A. Mikrojekonomika: uchebnik i praktikum dlja prikladnogo bakalavriata / G.A.Mahovikova. - 2-e izd., pererab. i dop. - M.: Izdatel'stvo Jurajt, 2015. - 281 s.
• 3. Lukmanova, I.G. Mikrojekonomika: Uchebnik dlja bakalavrov / I.G. Lukmanova, E.V. Nezhnikova, M.V. Charueva i dr. - M.: ASV, 2013. - 292 c.
• 4. Chekanskij, A.N. Mikrojekonomika. Promezhutochnyj uroven': Uchebnik / A.N. Chekanskij, N.L. Frolova. - M.: Prospekt, 2016. - 688 c.
• 5. Gusejnov, R.M. Makrojekonomika: Uchebnoe posobie dlja bakalavrov / R.M. Gusejnov, V.A. Semenihina. - M.: Omega-L, 2014. - 254 c.
• 6. Vymjatnina, Ju.V. Makrojekonomika v 2 ch. chast' 2: Uchebnik i praktikum dlja bakalavriata i magistratury / Ju.V. Vymjatnina, K.Ju. Borisov, M.A. Pahnin. - Ljubercy: Jurajt, 2016. - 198 c.
• 7. Blanshar, O. Makrojekonomika: Uchebnik / O. Blanshar. - M.: GU VShJe, 2015. - 653 c.
• 8. Jekonomicheskaja teorija. Makrojekonomika -1, 2. Metajekonomika. Jekonomika transformacij: Uchebnik / G.P. Zhuravleva. - M.: Dashkov i K, 2016. - 920 c.
• 9. Abrams R. Biznes-plan na 100%.Strategija i taktika jeffektivnogo biznesa / R. Abrams. — M.: Al'pina Pablisher, 2019. — 486 c. Barinov V.A. Biznes-planirovanie: Uchebnoe posobie / V.A. Barinov. — M.: Forum, 2018. — 144 c.
• 10. Rozanova, N.M. Makrojekonomika. prodvinutyj kurs v 2 ch. Chast' 1: Uchebnik dlja magistratury / N.M. Rozanova. - Ljubercy: Jurajt, 2016. - 283 c.
• 11. Barinov V.A. Biznes-planirovanie: Uchebnoe posobie / V.A. Barinov. — M.: Forum, 2018. — 144 c.

Further reading

• Тissen, E.V. Mikrojekonomika: Individual'noe povedenie i strategicheskoe vzaimodejstvie uchastnikov rynka: Uchebnoe posobie / E.V. Tissen, I.A. Borisov. - M.: Flinta, 2016. - 92 c.
• 2. Kireev, A.P. Mezhdunarodnaja Mikrojekonomika: Uchebnik / A.P. Kireev. - M.: MO, 2013. - 72 c.
• 3. Kuznecov, B.T. Makrojekonomika: Uchebnoe posobie / B.T. Kuznecov. - M.: JuNITI, 2014. - 463 c.
• 4. Mjenk'ju, N. Makrojekonomika. / N. Mjenk'ju. - SPb.: Piter, 2013. - 560 c.
• 5. Poljakov, V.V. Makrojekonomika (dlja bakalavrov) / V.V. Poljakov, R.K. Shhenin. - M.: KnoRus, 2013. - 320 c.
• 6. Aliev V.S. Biznes-planirovanie s ispol'zovaniem programmy Project Expert (polnyj kurs): Uchebnoe posobie / V.S. Aliev, D.V. Chistov. — M.: Infra-M, 2018. — 64 c.