Economic Theory

2021/2022

Academic Year

ENG

Instruction in English

5

ECTS credits

Delivered at:

Faculty of World Economy and International Affairs

Course type:

Compulsory course

When:

1 year, 3 module

Instructors

Avtonomov, Yury V.

Belkov, Albert

Kononova, Nataliya

Makshanchikov, Konstantin

Naumova, Elena

Khromova (Fokina), Ella

Course Syllabus

Abstract

Economic theory is a one-module undergraduate course, which combines a brief introduction to the standard methodology of economics with an overview of the essential models of mainstream micro- and macroeconomics. It’s intended to give students an overview of the economic models that describe the behavior and interaction of individual consumers and firms, formation of prices in various market structures, and the real-life problems of economic inefficiency caused by market failures as well as macroeconomic issues of aggregate product and national income determination, unemployment, inflation, economic growth and the main instruments and consequences of fiscal and monetary policy.