Fundamentals of economics 1.N3.EP.BE.1
Course objectives:
In the course, the student gets acquainted with basic principles and issues in economic science. The student should understand the most important economic processes at the micro- and macroeconomic level and develop skills for analysing these processes. The student should develop the skill to apply the knowledge obtained to her/his own economic choices.
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Course content:
- outline of development of economic thought,
- economics as a discipline of knowledge,
- theory and practice of microeconomics. The market. Supply, demand, price,
- theory and practice of macroeconomics,
- employment and unemployment,
- the labour market in the macroeconomic context,
- inflation,
- international economic relations,
- business cycles in the market economy,
- consumer theory, welfare economics, market failures,
- equilibrium on the market,
- money, international trade, the balance of payments.
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Methods of instruction/ forms of classroom activity:
presentation, discussion, individual work, group work, ICT tools/MSTeams
Field of study
Student workload
Study level
Education profile
Type of course
obligatory courses
The semester in which the subject is carried out
Mode
Requirements
Course coordinators
Term 2022/23-L: | Term 2024/25-L: | Term 2023/24-L: |
Learning outcomes
Learning outcomes acc to PRK 2019
Knowledge
Student knows and understands
1. the methodology, norms, procedures and good practice in business (m-W-2/P6S_WK)
2. the concept of economics with orientation towards practical applications (m-W-2/P6S_WK)
3. the economic conditions for the activity of a manufacturing company (m-W-2/P6S_WK)
Skills
Student can
4. search for, analyze, select and use information utilizing various sources and methods, including online resources to collect data for diagnosing needs of a company (m-U-1/P6S_UW)
5. use the English language at C1 level in writing and speaking with relative fluency, accuracy and communication efficiency in a wide range of business topics (m-U-2/P6S_UK)
Social competences
Graduate is ready to
6. propose solutions to analysable economic problems (k_K06)
7. specify the priorities for the implementation of their goals and tasks designated by others in the business context (m-K-1/P6S_KR)
8. shape their own views on the basis of the gained general and detailed knowledge regarding business topics (m-K-2/P6S_KK)
Assessment criteria
Forms of evaluation of learning outcomes:
Forming evaluation
20%: 2 individual in-class problem-solving tasks (learning outcomes: 1,2,3,4,5,6,7,8)
20%: 2 group in-class problem-solving tasks (1,2,3,4,5,6,7,8)
60%: one final test, pass at the minimum of 60% (1,2,3,5,6)
Summarizing evaluation:
Weighted arithmetic average of the above.
Criteria of evaluation:
total score: 0 – 59% - mark: 2,0
total score: 60 – 68% - mark: 3,0
total score: 69 – 76% - mark: 3,5
total score: 77 – 84% - mark: 4,0
total score: 85 – 92% - mark: 4,5
total score: 93 – 100% - mark: 5,0
Bibliography
Reading list:
A1. used in class
Platje, J. (2006). A short introduction to micro- and macroeconomics. Opole: Wydawnictwo UO.
A2. used for self-study
Begg, D., Fischer, S., and Dornbusch, R. (2008). Economics (8th ed.). Maidenhead: McGraw-Hill.
B. supplementary reading
Bannock, G. (1987). The Penguin dictionary of economics. Harmondsworth: Penguin Books.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: