Course period: 1.
Year of study: 2
Compulsory course
The primary educational objective of this module is to acquire the basic premises and assumptions of economy in different economic systems. The focus of the study is to understand the nature of the functioning of the market and the market mechanism based on a thorough analysis of the factors determinujúcich supply and demand. This allows students to understand how to market creates market balance, equilibrium price and how and why they occur imbalanced market situation. By basic theoretical knowledge students understand how the economic entities in conditions of perfect competition and the specific forms of imperfect competition.
Brief module description
- Object and methodology of economics.
- Economic laws, types of economies.
- Triad economic problems.
- Market and market mechanisms, demand, supply, equilibrium price.
- Elasticity of demand and supply.
- Cardinal and ordinal utility theory.
- The balance of the consumer.
- Market competition, market imperfections and shortcomings.
- Company formation and tender.
- The objectives of the company.
- Theory of the firm.
- The costs of the company.
- Companies in the balance of perfect and imperfect competition.
- Market factors of production, income distribution and quality of life.
