PRINCIPLES OF ECONOMICS 1

  • Credits: 6
  • Ending: Examination
  • Range: 24sP
  • Semester: winter
  • Year: 1
  • Faculty of Economics and Finance

Teachers

Included in study programs

Economics and Law

Finance, Banking and Insurance

Teaching results

Knowledge
• Students will acquire a fundamental understanding of economic categories and relationships between various economic phenomena and processes in the market economy.
Skills
• Through seminars, students will develop teamwork skills and basic critical thinking abilities.
Competencies
• Students will gain competencies in analyzing and comparing the functioning of fundamental economic systems.

Indicative content

Subject and methodology of economics. Development of economic thought. Economic laws and types of economies. The triad of economic problems. The market and market mechanism: demand, supply, equilibrium price. Elasticity of demand and supply. Decision-making of market participants in perfect and imperfect competition. Entrepreneurship. The market for production factors, income distribution, and quality of life. Sustainable development in the context of microeconomics. Sustainable development goals (SDG).

Support literature

Basic literature:
1. ČAPLÁNOVÁ, A. a kolektív: Ekonómia. Praha: Wolters Kluwer, 2022.
2. DARMO, Ľ. A kolektív: Ekonómia: praktikum. Praha: Wolters Kluwer, 2022.
Supplementary Literature:
1. HOLMAN, R.: Ekonomie. 5. vydanie. Praha: Nakladat. C. H. Beck. 2011.
2. FRANK, R. H. - BERNANKE, B. S.: Ekonomie. Praha: Nakladatelství C. H. Beck, 2011.
3. MANKIW, N.G.: Zásady ekonómie. Praha : Grada Publishing, 2009.
4. KRUGMAN, P. – WELS, R.: Economics, 6th edition. Worth Pub., 2021.
5. UNITED NATIONS: Transforming our world: The 2030 Agenda for Sustainable Development. United Nations, 2015 (https://sdgs.un.org/2030agenda).
6. KURATKO, D.F. - HODGETTS, R.M.: Entrepreneurship: Theory, Process, and Practice, 10th Ed., Cengage, 2018.

Requirements to complete the course

Requirements
24 h, 56 h 76 h

Student workload

Total student workload: 156 hours. Of which:
Attendance at lectures: 26 hours
Attendance at seminars: 26 hours Preparation for seminars: 13 hours
Preparation for written tests of quantitative and graphical tasks: 39 hours
Preparation for the exam: 52 hours

Language whose command is required to complete the course

slovak

Date of approval: 11.03.2024

Date of the latest change: 10.07.2025