Economic Analysis I

Teaching results

The graduate of the course will gain an introduction to the ability to explain the basic economic phenomena by formulating solving and interpreting economic models, especially at the essential (micro) economic level.
Abilities:
- Ability to solve simple economic problems using economic models at the essential (micro) economic level.
Skills:
- Introduction to economic theory; understanding the basic principles of business and consumer behavior, the phenomenon of risk and its impact on economic behavior, understanding the principles of general equilibrium relations in a simple economy (the economy of Robinson Crusoe or the economy of a banana island).
Competencies:
- Ability to evaluate the effects of basic economic policies and shocks, the basic ability to formulate and express the theoretical economic foundations for statistical economic (econometric) analysis, especially at the essential (micro) economic level.