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Regular version of the site
Bachelor 2021/2022

Economics

Type: Compulsory course (Sociology and Social Informatics)
Area of studies: Sociology
When: 1 year, 1, 2 module
Mode of studies: offline
Open to: students of all HSE University campuses
Instructors: Iakov T. Kuga
Language: English
ECTS credits: 4
Contact hours: 60

Course Syllabus

Abstract

The course is based on Mankiw’s Principles of Economics and designed for Sociology education program students. The course is taught in the classic format. A distant format could be used due to COVID restrictions. This course present the basic economic concepts of Microeconomics and Macroeconomics. Some technical and conceptual details are planned to be discussed in further course.
Learning Objectives

Learning Objectives

  • The main role of this course is to explore economic way of thinking and the role incentives play in all our lives with applications to our life.
Expected Learning Outcomes

Expected Learning Outcomes

  • acquire the taste of economic way of thinking
  • be able to see the essential relationships between economic variables
  • receive the introductory skills concerned with economic modelling
  • understand both coordinating and other roles of market mechanism
Course Contents

Course Contents

  • Major principles and concepts of Economics
  • Gains from trade
  • Supply, Demand and the Equilibrium
  • Externalities
  • Public goods and common resources
  • Introduction to cost functions and firm behavior under perfect competition and monopoly
  • Main macroeconomic indicators
  • Economic Growth
  • Savings, Investment and the Financial System
  • Unemployment and its Types
  • Introduction to Business Fluctuations and Business Cycle Theories
Assessment Elements

Assessment Elements

  • non-blocking Homework 1
    Content: Questions and problems, topics 1-3. Grades Assessment Criteria. Calculated as the sum of points for all questions and problems. Zero points for no or completely wrong solution and for plagiarisms. All points for full correct solution with necessary and satisfactory explanations. Partial points for partial solution, errors in calculation, lack of explanation if necessary.
  • non-blocking In-class Participation
  • non-blocking Interim Exam
    Content: Questions and problems, topics 1-6.
  • non-blocking Final Exam
    Content: Questions and problems, topics 1-10. Note: Time = 60+60 minutes with 10-minutes break between the parts. Students return the first parts of their works before the break.
  • non-blocking Homework 2
    Content: Group Project. USA Macroeconomic statistics analysis.
Interim Assessment

Interim Assessment

  • 2021/2022 2nd module
    0.2 * Interim Exam + 0.2 * In-class Participation + 0.3 * Final Exam + 0.15 * Homework 2 + 0.15 * Homework 1
Bibliography

Bibliography

Recommended Core Bibliography

  • Mankiw, N. G. (DE-588)120973626, (DE-576)164048383. (2000). Macroeconomics / N. Gregory Mankiw. New York, NY: Worth. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edswao&AN=edswao.07890529X
  • N. Gregory Mankiw. (2020). PDF Macroeconomics 10th Edition by N. Gregory Mankiw Download. https://doi.org/10.5281/zenodo.3752461
  • Principles of economics, Mankiw, N.G., 2019