Bachelor 2025/2026

Economic Theory

Type: Compulsory course (International Programme 'International Relations and Global Studies')

Delivered by: Faculty of World Economy and International Affairs

When: 1 year, 3, 4 module

Open to: students of one campus

Language: English

Contact hours: 48

Course Syllabus

Abstract

Economic theory is a one-module undergraduate course, which combines a brief introduction to the standard methodology of economics with an overview of the essential models of mainstream micro- and macroeconomics. It’s intended to give students an overview of the economic models that describe the behavior and interaction of individual consumers and firms, formation of prices in various market structures, and the real-life problems of economic inefficiency caused by market failures as well as macroeconomic issues of aggregate product and national income determination, unemployment, inflation and the main instruments and consequences of fiscal and monetary policy.