Introduction to Economics Field of study: International Studies in Political Science and Diplomacy
Programme code: W3-S1MS21.2021

Module name: Introduction to Economics
Module code: IE
Programme code: W3-S1MS21.2021
Semester: summer semester 2021/2022
Language of instruction: English
Form of verification: course work
ECTS credits: 3
Description:
The aim of the course is to acquire the ability to evaluate economic phenomena and processes with particular emphasis on the behavior of economic entities operating in a market economy. After completing the module, the student should have the skills to assess the importance and effects of microeconomic decisions.
Prerequisites:
The student should have the ability to perform basic mathematical operations and understand functional relationships.
Key reading:
P. Samuelson, W. Nordhaus, Economics, McGraw-Hill Higher Education 2009. D. Begg, G. Vernasca, S. Fischer, R. Dornbusch, Economics, McGraw-Hill Education-Europe 2014. P. Wonnacott, R. Wonnacott, Economics, McGraw-Hill Book Company 1986.
Learning outcome of the module Codes of the learning outcomes of the programme to which the learning outcome of the module is related [level of competence: scale 1-5]
Recognizes and respects different points of view in solving problems on a microeconomic scale. [IE_K_1]
 MS_1_K06 [4/5]
Can act in an entrepreneurial manner. [IE_K_2]
 MS_1_K02 [3/5] MS_1_K04 [4/5] MS_1_K05 [3/5]
It is prepared to participate in economic initiatives on a microeconomic scale. [IE_K_3]
 MS_1_K02 [3/5] MS_1_K04 [4/5]
Can describe and explain the assumptions of various economic concepts. [IE_U_1]
 MS_1_U01 [4/5] MS_1_U02 [4/5] MS_1_U12 [4/5]
Can evaluate the consequences of the activities of households and enterprises in the market economy. [IE_U_2]
 MS_1_U07 [3/5]
Has the linguistic competence to explore economic issues in a foreign language. [IE_U_3]
 MS_1_U08 [4/5] MS_1_U10 [4/5] MS_1_U13 [4/5]
Knows and understands the basic economic categories. [IE_W_1]
 MS_1_W05 [3/5] MS_1_W18 [3/5]
Knows the economic principles underlying the operation of households and enterprises. [IE_W_2]
 MS_1_W02 [3/5]
Understands the complexity of the functioning of the market economy. [IE_W_3]
 MS_1_W02 [3/5]
Type Description Codes of the learning outcomes of the module to which assessment is related
Credit [IE_w_1]
The verification of learning outcomes is precisely defined in the syllabus created for the module.
 IE_K_1 IE_K_2 IE_K_3 IE_U_1 IE_U_2 IE_U_3 IE_W_1 IE_W_2 IE_W_3
Form of teaching Student's own work Assessment of the learning outcomes
Type Description (including teaching methods) Number of hours Description Number of hours
discussion classes [IE_fs_1]
Classes are conducted using the following methods: - moderated discussion, - explanatory description, - roundtable discussion, - the "brainstorming" method, - debates, - analysing and solving practical and theoretical problems.
 30
Students’ own work includes: - reading the necessary literature for the course, - activity during classes, - preparation of oral presentations, - preparation for the completion of the course.
 45 Credit [IE_w_1]
Attachments
Module description (PDF)
Information concerning module syllabuses might be changed during studies.
Syllabuses (USOSweb)
Semester Module Language of instruction
(no information given)