Economics and Management II

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Code	Completion	Credits	Range	Language
555EM2	ZK	2	2P	English

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Department of Construction Engineering II

Synopsis:

The subject presents economics as a way of thinking and solving problems not only from today's point of view, but also from interesting examples of the masonry of economic thinking. Thematic is focused on the derivation of supply and demand curves, explaining the principles of market equilibrium and comparative advantages. A special part is devoted to the theory of public choice and decision-making on public goods. Syllabus: 1. Introduction to economics, basic concepts. 2. Limits in economics. 3. Demand and supply, their derivation. Market balance, perfect and imperfect markets. 5. Principle of comparative advantages. 6. History of economic thinking. 7. Public goods. Externalities. 8. Theory of public choice. 9. The prisoner's dilemma, economic freedom. 10. Aggregate offer. 11. Gross Domestic Product. 12. Truth, unemployment. 13. Inflation, central bank rolls, Phillips curve.

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