The lecture notes in the course page summarize key information from various sources. Completing assigned tasks must be enough to achieve the learning objectives. However, economics is a very mature discipline and there are wide varieties of textbooks available in many sources. If you want to go deeper into certain issues, the recommended sources are:
• Mankiw, N. G. (2015). Principles of Economics. Boston, MA: Cengage Learning.
• Parkin, M., Powell, M., & Matthews, K. (2017). Economics. New York : Pearson.
26.10.2020 - 20.12.2020
Open UAS and Continuing Education
Degree Programme in Business Management
At the end of the study unit, each participant is expected to be able to:
• Explain the key ideas defining the economic way of thinking
• Describe the methods of allocating scarce resources
• Explain determination of price and output in various market structures
• Explain what a firm is and describe the economic problems faced by firms
• Identify macroeconomic policy challenges and describe the fiscal and monetary tools available
The maximum number of points for the course is 100, broken down as follows:
Task 1 Allocation of resources (20%)
Task 2 Consumer behavior (20%)
Task 3 Firm behavior (20%)
Task 4 Market behavior (20%)
Task 5 The role of the government (20%)
To pass the course, you must:
Complete each item of assessment listed above
Attain at least half of the available points for each item of assessment listed above.
No exceptions will be made to these minimum requirements