Economics I.

The primary aim of the course is to acquaint students with the basic definitions of economics and the fundamental relationships in microeconomic context, which are important for those professionals who are going to work either in the business sector or in the various social sciences. The mind of economics and its toolbar can be successfully utilised in various business and social problem-solving situations. This course focuses on the principles of economics and the basic models of microeconomics. The analysis of consumer’s and producer’s decisions is followed by equilibrium and market failure analyses. The course also discusses models dealing with time and uncertainty. In the second part of the semester, a brief overview is provided on the foundations of welfare and political economy. This course is viewed as the grounding course of further optional and advanced courses in various topics of economics.

International Finance and Economics

This course aims to acquaint students with basic international economic and financial issues. During the classes, students learn about the macroeconomic theory and policy of open economies. We discuss the background of international financial flows and the key contexts and concepts of balance of payments statistics. Lectures address the theme of the exchange rate policy, and also the issues of the eurozone. We deal with the capital market actors, the development of financial markets, and international funding. Finally, we look into financial disturbances, crises, and crisis management.