PRINCIPLES OF ECONOMICS

6 ECTS credits

This course introduces students to the basic principles of economics and economic theory. The course will cover topics including supply and demand as the basic elements of the market; analysis of the behavior of economic subjects such as individuals and businesses and explanation of their market interactions; basic theories of production and expenses; and the functioning of concurrent markets. The course will also offer an introduction to various market structures, including monopolies, oligopolies, and monopolistic competition. Finally, the course will offer an analysis of factors affecting production and economic efficacy, as well as the role of the state in economics.