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  • Course Content
  • Week Topics Study Metarials
    1 Introduction: basic conceptions, Production Possibility Curves, market and its species: Perfect competition market, unperfect competion market, economic systems R1 Chapter 1, SR1 Chapter 1, R1 Chapter 2, SR1 Chapter 2,
    2 Supply and demand, formation of equilibrium in the market; slides in suply and demand curves; aggregated supply and aggregated demand, Elasticity (General desribition, its species) R1 Chapter 3, SR1 Chapter 2, R1 Chapter 4, SR1 Chapter 3,
    3 Surplus of consumer and producer, change in the total surplus; foreign trade and change in surplus of consumer and producer, Consumer`s equilibrium: Quardinalist approach, derivating the individual demand function from mariginal utility curve R1 Chapter 5, Chapter 6, SR1 Chapter 4, R1 Chapter 8, SR1 Chapter 5,
    4 Consumer`s equilibrium: Qrdinalist approach (Indiffirence curves analyze), Production; General and partial production function; derivation of marginal and average production function. R1 Chapter 9, SR1 Chapter 5, R1 Chapter 11, SR1 Chapter 6,
    5 Cost: fundamental conceptions and species, firm cost in the short run term; internalites and externalities, Firm`s revenues and equilibrium (under perfect competion) R1 Chapter 11, SR1 Chapter 6, R1 Chapter 12, SR1 Chapter 7,
    6 Monopoly market: firm`s revenues, cost and equilibrium; comparison between monopoly and perfect competion, Monopolistic competion markets, advertise, differantiation of good and price R1 Chapter 13, SR1 Chapter 8, R1 Chapter 14, SR1 Chapter 9,
    7 Markets of duopoly and oligopoly: main carasters Cournot model, Swezy model, Game theory: static game model R1 Chapter 15, SR1 Chapter 10, R1 Chapter 15, SR1 Chapter 10,
    8 Overview of Macroeconomics and Measuring GDP, Employment and unemployment R2 Chapter-21, Chapter- 22
    9 Inflation and Phillips Curve, Exchange Rate and Interest Rate R2 Chapter 22, Chapter 29, Chapter 26 and Chapter 24
    10 Balance of Payments, Total Supply and Total Demand (AD-AS) R2 Chapter 26, Chapter 27
    11 The Simple Keynesian Model: The Total Expenditure-Total Income Model (AI-AE) Model, Investment Demand and Multiplier R2 Chapter 28
    12 Total Expenditures and Real Equilibrium in This Context, Fiscal Policy and Monetary Theory R2 Chapter 28, Chapter 30 and Chapter 31
    13 Money Supply and Monetary Policy, General Equilibrium in Classical Model and Keynesian Model R2 Chapter 31, Chapter 27 and Chapter 28
    14 Monetary and Fiscal Policy: IS-LM Analysis, Economic Growth and Economic Development SR1 Chapter- 8.2, R2 Chapter 23
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