Fall 2010Lectures: Tuesday

09.00 – 10.30 2006

1. The Nature of Economics and methodology of Research.

2. Division of Labor. Production possibilities and opportunity cost.

3. Comparative Economic Systems.4. Market Mechanism: Individual and

Aggregate Demand.5. Market Mechanism: Individual and

Aggregate Supply.

6. Price Elasticity of Demand and Supply. 7. Market Equilibrium and Disequilibrium. 8. Money and money supply. 9. Banking system.10. Price system: How it functions and when

it fails.

11. Firm’s Organization of the Market Economy.

12. Society and Economy. Sustainable Development.

Revision

Grade: A. Seminars – 50 % B. Final Exam (Test) – 50 %