Foundations of Economic Policy
Course code
old course code
Course title in Estonian
Majanduspoliitika alused
Course title in English
Foundations of Economic Policy
ECTS credits
approximate amount of contact lessons
Teaching semester
autumn - spring
Assessment form
lecturer of 2019/2020  Spring semester
Anneli Kommer (eesti keel) tavaline kursus
lecturer of 2020/2021  Autumn semester
lecturer not assigned
Course aims
Basic knowledge of economic policy – how data and knowledge for improving economics and achieving set economical objectives is gathered, used and systemized. The course gives practical knowledge of Estonian economic reforms, labour market, foreign investments and competitiveness.
Brief description of the course
The essence and principles of economic policy. How economics work and what are the rules and systems of an economic world or environment. Who conduct and govern the economic policy? What are the decision making organs and institutions in economic policy? What are the influential institutions? What are the relationships between different power-centers of economic policy? Economic policy phases. Globalization. Regionalization.
The courses give a basic theoretical overview of the themes, the knowledge of which will be furthered by the individual work conducted by the students. Individual work comprises of working through the subject literature, preparing for discussions and seminars, writing individual essays and preparing for the examination.
Independent work
Acquiring course material, preparation and participation in seminars, preparation for the exam.
Learning outcomes in the course
The knowledge of main economic processes in a society.
The know-how to navigate in economy-related terminology and issues.
The understanding of main economic theories.
Assessment methods
Graded examination.
Anneli Kommer
Replacement literature
Eesti majanduse konkurentsivõime; Kilvits, K. Majanduspoliitika: loengukonspekt; TTÜ majandusteaduskond, avaliku sektori majanduse instituut, majanduspoliitika õppetool; Wrobel, R. M. Euroopa majanduspoliitika alused; Acocella, N. (1998). The Foundations of Economic Policy. Values and techniques.