Micro- and Macroeconomics
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Course code
RIM6003.YK
old course code
RIM6003
Course title in Estonian
Mikro- ja makroökonoomika
Course title in English
Micro- and Macroeconomics
ECTS credits
6.0
Assessment form
Examination
lecturer of 2021/2022  Autumn semester
Rünno Lumiste (language of instruction:English)
lecturer of 2021/2022  Spring semester
lecturer not assigned
Course aims
Students will understand basic economic principles in order to pursue their interests as consumers and producers in domestic and global economies. They will demonstrate competency by applying economic reasoning to individual, business, and government practices.
Brief description of the course
Microeconomics examines the economic theory related to the operation of business firms, including supply, demand, elasticity, price determination, production function and production costs, perfect and unperfected competition, resource markets, uncertainty and information. Determining economic problems. The way a consumer and businesses make decisions. The way markets work and how they fail. The way government action affects markets (public choice).
Macroeconomics studies the economy as a whole, examining the flows of resources and outputs and the factors determining the level of income and prices. Government role. Tax. Government’s fiscal and monetary policies. Money market. Inflation. Unemployment. Economic growth. Business cycles. Open economy.
Learning outcomes in the course
Upon completing the course the student:
- know the main concepts in micro and macroeconomics;
- is able to employ economic theory for policy analysis;
- can analyze factors that affect economic policy.
Teacher
Indrek Saar
Study programmes containing that course
Politics and Governance (RIPGB/21.YK)
Public and Business Management (RIHKB/21.YK)
Public and Business Management (RIHKB/20.YK)
Politics and Governance (RIPGB/20.YK)
Public and Business Management (RIHKB/19.YK)
Politics and Governance (RIPGB/19.YK)
Public and Business Management (RIHKB/18.YK)
Politics and Governance (RIPGB/18.YK)
Politics and Governance (RIPGB/17.YK)
Public and Business Management (RIHKB/17.YK)
Public and Business Management (RIHKB/16.YK)
Politics and Governance (RIPGB/16.YK)
Public and Business Management (RIHKB/15.YK)
Environmental Management (MLKSB/15.LT)
Public and Business Management (RIHKB/14.YK)
Environmental Management (MLKSB/14.LT)
Politics and Government (RIRIB/13.YK)
Environmental Management (MLKSB/13.LT)
Public and Business Management (RIHKB/13.YK)
Politics and Government (RIRIB/12.YK)
Environmental Management (MLKSB/12.LT)
Public and Business Management (RIHKB/12.YK)
Public and Business Management (RIHKB/11.YK)
Marketing (AKMRB/12.YK)
Politics and Government (RIRIB/11.YK)
Marketing (AKMRB/11.YK)
Environmental Management (MLKSB/11.LT)
Public and Business Management (RIHKB/11-1.YK)
Politics and Government (RIRIB/10-1.YK)
Politics and Government (RIRIB/10-2.YK)
Politics and Government (RIRIB/10-4.YK)
Public and Business Management (RIHKB/10.YK)
Politics and Government (RIRIB/10-3.YK)
Politics and Government (RIRIB/10.YK)
Environmental Management (MLKSB/10.LT)
Environmental Management (MLKSB/09.LT)
Environmental Management (MLKSB/08.LT)
Politics and Government (RIRIB/00.YK)
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