Course code

RIM6001.YK

old course code

RIM6001

Course title in Estonian

Majanduse alused

Course title in English

Basics of Economics

ECTS credits

4.0

Assessment form

assessment

lecturer of 2024/2025 Autumn semester

Not opened for teaching. Click the study programme link below to see the nominal division schedule.

lecturer of 2024/2025 Spring semester

Not opened for teaching. Click the study programme link below to see the nominal division schedule.

Course aims

To give basic knowledge of economy and an overview of the main economic processes in society.

Brief description of the course

Basics of economics. Relations dominating in economy. Market mechanism: demand and supply. Economic role of government. The public sector and its size. Public goods, private goods and their intermediaries. When should the government intervene in the economy? The main concepts of macroeconomics. Measuring national product. Business cycle. Labour market. Inflation. Functions of central bank. Estonian monetary system and monetary policy. Essence of public finance and its functions. Budget revenues and expenditure. Taxation. Estonian fiscal policy. Basics of economic policy. Economic reforms in Estonia. Competitiveness. Economic growth.

Learning outcomes in the course

Upon completing the course the student:
- has basic knowledge of the main economic processes in society.

Teacher

Anneli Kommer

The course is a prerequisite

Study programmes containing that course

Public and Business Management (RIHKB/18.YK)
Public and Business Management (RIHKB/17.YK)
Public and Business Management (RIHKB/16.YK)
Public Relations (KOSKB/15.FK)
Public and Business Management (RIHKB/15.YK)
Environmental Management (MLKSB/15.LT)
Philosophy (HIFIB/15.HT)
Advertising and Publicity Studies (KORMB/15.FK)
Law (AKLB/15.YK)
History (AIAJB/15.HT)
Mathematics, Mathematical Economics and Data Analysis (MLMB/15.DT)
Law (AKOB/15.YK)
Politics and Government (RIRIB/15.YK)
Audiovisual media (BFMB/15.FK)
Recreation Management (TSRKB/15.LT)
Journalism (KOAB/15.FK)
Liberal Arts in Social Sciences (KKLSB/15.YK)
Information Science (INITB/15.DT)
Crossmedia (BFRB/15.FK)
Sociology (RASLB/15.YK)
Psychology (PSPSB/15.LT)
Physical Education (TSKB/15.LT)
Mathematics, Mathematical Economics and Data Analysis (MLMB/14.DT)
Law (AKLB/14.YK)
Advertising and Publicity Studies (KORMB/14.FK)
Politics and Government (RIRIB/14.YK)
Sociology (RASLB/14.YK)
History (AIAJB/14.HT)
Environmental Management (MLKSB/14.LT)
Public Relations (KOSKB/14.FK)
Philosophy (HIFIB/14.HT)
Public and Business Management (RIHKB/14.YK)
Law (AKOB/14.YK)
Information Science (INITB/14.DT)
Public and Business Management (RKHKB/14.YK)
Physical Education (TSKB/14.LT)
Liberal Arts in Social Sciences (KKLSB/14.YK)
Crossmedia (BFRB/14.FK)
Audiovisual media (BFMB/14.FK)
Recreation Management (TSRKB/14.LT)
Journalism (KOAB/14.FK)
Psychology (PSPSB/14.LT)
Physical Education (TSKB/13.LT)
Advertising and Publicity Studies (KORMB/13.FK)
Law (AKLB/13.YK)
Psychology (PSPSB/13.LT)
Audiovisual media (BFMB/13.FK)
Philosophy (HIFIB/13.HT)
Politics and Government (RIRIB/13.YK)
Crossmedia (BFRB/13.FK)
Sociology (RASLB/13.YK)
History (AIAJB/13.HT)
Journalism (KOAB/13.FK)
Public and Business Management (RIHKB/13.YK)
Liberal Arts in Social Sciences (KKLSB/13.YK)
Mathematics, Mathematical Economics and Data Analysis (MLMB/13.DT)
Information Science (INITB/13.DT)
Public Relations (KOSKB/13.FK)
Public and Business Management (RKHKB/13.YK)
Environmental Management (MLKSB/13.LT)
Law (AKOB/13.YK)
Recreation Management (TSRKB/13.LT)
Law (AKLB/12.YK)
Liberal Arts in Social Sciences (KKLSB/12_1.YK)
Audiovisual media (BFMB/12.FK)
Public and Business Management (RIHKB/12.YK)
Liberal Arts in Humanities (KKLHB/12.HT)
Journalism (KOAB/12.FK)
Law with Management (AKJB/12.YK)
Philosophy (HIFIB/12.HT)
Psychology (PSPSB/12.LT)
Sociology (RASLB/12.YK)
German Language and Culture (GRSB/12.HT)
Mathematics, Mathematical Economics and Data Analysis (MLMB/12.DT)
Information Science (INITB/12.DT)
Environmental Management (MLKSB/12.LT)
Social Work (STSTB/12.YK)
Arts Therapies (KUKTB/12.LT)
Law (AKOB/12.YK)
Public Relations (KOSKB/12.FK)
Crossmedia (BFRB/12.FK)
Recreation Management (TSRKB/12.LT)
Physical Education (TSKB/12.LT)
Politics and Government (RIRIB/12.YK)
Liberal Arts in Social Sciences (KKLSB/12.YK)
Public and Business Management (RKHKB/12.YK)
History (AIAJB/12.HT)
Advertising and Publicity Studies (KORMB/12.FK)
Environmental Management (MLKSB/11.LT)
Physical Education (TSKB/11.LT)
Public and Business Management (RKHKB/11.YK)
Computer Science (IFIFB/11.DT)
Sociology (RASLB/11.YK)
Advertising and Publicity Studies (KORMB/11.FK)
Physics (with Minor Field of Study) (MLFB/11.LT)
Social Work (STSTB/11.YK)
Law (AKOB/11.YK)
Arts Therapies (KUKTB/11.LT)
Recreation Management (TSRKB/11.LT)
Social Sciences (KKSB/11_2.YK)
Health Promotion Specialist (HKTJR/11.HK)
Journalism (SKAMB/11.FK)
Information Science (INITB/11.DT)
Public and Business Management (RIHKB/11.YK)
Choreography (KUKOB/11.FK)
Social Sciences (KKSB/11_1.YK)
Public Relations (KOSKB/11.FK)
Liberal Arts in Social Sciences (KKLSB/11.YK)
Social Work (RKSTB/11.RK)
Marketing (AKMRB/12.YK)
Applied Computer Science (HKIFR/11.HK)
Psychology (PSPSB/11.LT)
History (AIAJB/11.HT)
Social Pedagogy (RKSPB/11.YK)
Politics and Government (RIRIB/11.YK)
Public and Business Management (RIHKB/11-1.YK)
Liberal Arts in Social Sciences (KKLSB/11_1.YK)
Humanities (KKHB/11.HT)
Liberal Arts in Social Sciences (KKLSB/11_2.YK)
Social Sciences (KKSB/11.YK)
Advertising and Publicity Studies (KORMB/11-T.FK)
Marketing (AKMRB/11.YK)
Sociology (RASLB/10.YK)
Psychology (PSPSB/10.LT)
Public and Business Management (RIHKB/10.YK)
Politics and Government (RIRIB/10.YK)
Computer Science (IFIFB/10.DT)
Journalism (SKAMB/10.FK)
Information Science (INITB/10.DT)
Social Work (STSTB/10.YK)
Environmental Management (MLKSB/10.LT)
Physical Education (TSKB/10.LT)
Recreation Management (TSRKB/10.LT)
History (AIAJB/10.HT)
Applied Computer Science (HKIFR/10.HK)
Arts Therapies (KUKTB/10.LT)
Health Promotion Specialist (HKTJR/10.HK)
Social Pedagogy (RKSPB/10.YK)
Social Sciences (KKSB/10_1.YK)
Social Work (RKSTB/10.RK)
Physics (with Minor Field of Study) (MLFB/10.LT)
Film Arts (BFFVB/10.FK)
Choreography (KUKOB/10.FK)
Politics and Government (RIRIB/10-1.YK)
Social Sciences (KKSB/10_2e.YK)
Politics and Government (RIRIB/10-2.YK)
Politics and Government (RIRIB/10-4.YK)
Social Sciences (KKSB/10.YK)
Journalism (SKAMB/10E.FK)
Politics and Government (RIRIB/10-3.YK)
Social Sciences (KKSB/10_2.YK)
Psychology (PSPSB/10N.LT)
Social Sciences (KKSB/10_1e.YK)
Advertising and Publicity Studies (KORMB/10-T.FK)
Advertising and Publicity Studies (KORMB/10.FK)
Information Science (INITB/10-1.DT)
Social Work (STSTB/09.YK)
Applied Computer Science (HKIFR/09.HK)
Physical Education (TSKB/09.LT)
Information Science (INITB/09.DT)
Sociology (RASLB/09.YK)
Environmental Management (MLKSB/09.LT)
Arts Therapies (KUKTB/09.LT)
Health Promotion Specialist (HKTJR/09.HK)
History (AIAJB/09.HT)
Recreation Management (TSRKB/09.LT)
Health Promotion Specialist (HKTJR/08.HK)
Applied Computer Science (HKIFR/08.HK)
Environmental Management (MLKSB/08.LT)
Information Science (INITB/08.DT)
Sociology (RASLB/08.YK)
Information Science (INITB/08-1.DT)
Public and Business Management (HKHKB/08.HK)
Recreation Management (TSRKB/08.LT)
Arts Therapies (KUKTB/08.LT)
History (AIAJB/08.HT)
Physical Education (TSKB/08.LT)
Information Science (INITB/08-2.DT)
Sociology (RASLB/07.YK)
Arts Therapies (KUKTB/07.LT)
Social Work (STSTB/07.YK)
History (AIAJB/07.HT)
Public and Business Management (HKHKB/07.HK)
Information Science (INITB/07.DT)
Applied Computer Science (HKIFR/07.HK)
Sociology (RASLB/06.YK)
Public and Business Management (HKHKB/06.HK)
Information Science (INITB/06.DT)
History (AIAJB/06.HT)
Education (KAPB/05H.HR)
Psychology (PSPSB/05.LT)
History (AIAJB/05.HT)
Information Science (INITB/05.DT)
History (AIAJB/04.HT)
Physical Education (TSKB/00.LT)
History (AIAJB/00.HT)
Arts Therapies (KUKTB/00.LT)
Politics and Government (RIRIB/00.YK)
Psychology (PSPSB/00.LT)