Fundamentals of economics 2 1.S3.EP.PP.BE.2

Course objectives
-familiarising with basic economic phenomena and laws, which are of a social nature, and which concentrate on the production, distribution and consumption of goods and services.
-familiarising with selected phenomena in the micro-scale economy
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Course content:
- elasticity of demand and supply,
- consumer behaviours,
- production and costs,
- product markets and the theory of competition,
- the role of the government,
- factors in the market: labour, wages,
- the role of the trade unions,
- income and poverty distribution: how rich are the rich; how poor are the poor?
- finance and trade globalization.
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Methods of instruction/ forms of classroom activity:
presentation, discussion, individual work, group work, ICT tools/MSTeams

Field of study

English Philology - Practical Profile

Student workload

ECTS points in relation to student’s duties total number of ECTS: 2 1 ECTS: 30h in classes (50% online; 50% university site) 0,5 ECTS: 15h direct contact with the instructor 0,5 ECTS: 15h preparation for classes and credit test

Study level

BA level studies

Education profile

full time studies practical profile

Type of course

obligatory courses
elective courses
obligatory courses

The semester in which the subject is carried out

semester 2

Mode

(in Polish) Mieszany: realizowany zdalnie i w sali

Requirements

Business English elective module Fundamentals of economics 1

Course coordinators

Term 2022/23-L:

Małgorzata Adams-Tukiendorf
Tomasz Sutarzewicz

Term 2023/24-L:

Małgorzata Adams-Tukiendorf
Tomasz Sutarzewicz

Term 2024/25-L:

Małgorzata Adams-Tukiendorf
Pradeep Kumar
Tomasz Sutarzewicz

Learning outcomes

Learning outcomes acc to PRK 2019

Knowledge
The student knows and understands:
1. position and importance of the English language and philological studies in the fields of business and economy (k_W01/P6S_WK),
2. the methodology, norms, procedures and good practice in business (k_W05/P6S_WK)
3. the concept of economics with orientation towards practical applications (k_W04/P6S_WG; m-W-1/P6S_WG),
4. economic institutions and their role in business world (m-W-3/P6S_WG)

Skills
The student can
5. carry out research to collect data for diagnosing needs of a company (k_U04/P6S_UW; m-U-3/P6S_UW)
6. use English at the standardised C1 fluency level, with focus on English in Business (k_U06/P6S_UK)

Social competences
The student is ready to
7. propose solutions to analysable economic problems by thinking and acting in an enterprising way (k_K02/P6S_KK; m-K-3/P6S_KK)

Assessment criteria

Forms of evaluation of learning outcomes:

1. Two individual in-class problem-solving tasks - 25% of the final grade (outcome: 1,2,3,4,5,6,7)
2. Two group in-class problem-solving tasks - 25% of the final grade (outcome: 1,2,3,4,5,6,7)
3. A final test with pass at the minimum of 60% - 50% of the final grade (outcome:1,2,3,4,5,6,7)

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
Begg, D., Fischer, S., and Dornbusch, R. (2008). Economics (8th ed.). Maidenhead: McGraw-Hill.
Platje, J. (2006). A short introduction to micro- and macroeconomics. Opole: Wydawnictwo UO.

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:

Description of 1.S3.EP.PP.BE.2 in USOSweb