Bachelor
2021/2022
Economics
Category 'Best Course for Broadening Horizons and Diversity of Knowledge and Skills'
Category 'Best Course for New Knowledge and Skills'
Type:
Compulsory course (Sociology and Social Informatics)
Area of studies:
Sociology
Delivered by:
Department of Economics
When:
1 year, 1, 2 module
Mode of studies:
offline
Open to:
students of all HSE University campuses
Instructors:
Iakov T. Kuga
Language:
English
ECTS credits:
4
Contact hours:
60
Course Syllabus
Abstract
The course is based on Mankiw’s Principles of Economics and designed for Sociology education program students. The course is taught in the classic format. A distant format could be used due to COVID restrictions. This course present the basic economic concepts of Microeconomics and Macroeconomics. Some technical and conceptual details are planned to be discussed in further course.
Learning Objectives
- The main role of this course is to explore economic way of thinking and the role incentives play in all our lives with applications to our life.
Expected Learning Outcomes
- acquire the taste of economic way of thinking
- be able to see the essential relationships between economic variables
- receive the introductory skills concerned with economic modelling
- understand both coordinating and other roles of market mechanism
Course Contents
- Major principles and concepts of Economics
- Gains from trade
- Supply, Demand and the Equilibrium
- Externalities
- Public goods and common resources
- Introduction to cost functions and firm behavior under perfect competition and monopoly
- Main macroeconomic indicators
- Economic Growth
- Savings, Investment and the Financial System
- Unemployment and its Types
- Introduction to Business Fluctuations and Business Cycle Theories
Assessment Elements
- Homework 1Content: Questions and problems, topics 1-3. Grades Assessment Criteria. Calculated as the sum of points for all questions and problems. Zero points for no or completely wrong solution and for plagiarisms. All points for full correct solution with necessary and satisfactory explanations. Partial points for partial solution, errors in calculation, lack of explanation if necessary.
- In-class Participation
- Interim ExamContent: Questions and problems, topics 1-6.
- Final ExamContent: Questions and problems, topics 1-10. Note: Time = 60+60 minutes with 10-minutes break between the parts. Students return the first parts of their works before the break.
- Homework 2Content: Group Project. USA Macroeconomic statistics analysis.
Interim Assessment
- 2021/2022 2nd module0.2 * Interim Exam + 0.2 * In-class Participation + 0.3 * Final Exam + 0.15 * Homework 2 + 0.15 * Homework 1
Bibliography
Recommended Core Bibliography
- Mankiw, N. G. (DE-588)120973626, (DE-576)164048383. (2000). Macroeconomics / N. Gregory Mankiw. New York, NY: Worth. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edswao&AN=edswao.07890529X
- N. Gregory Mankiw. (2020). PDF Macroeconomics 10th Edition by N. Gregory Mankiw Download. https://doi.org/10.5281/zenodo.3752461
- Principles of economics, Mankiw, N.G., 2019