Economics

Bachelor 2026/2027

Type: Elective course (Foreign Languages and Intercultural Communication)

Delivered by: Department of Theoretical Economics

Where: Faculty of Economic Sciences

When: 1 year, 3, 4 module

Online hours: 30

Open to: students of all HSE University campuses

Language: English

ECTS credits: 3

Contact hours: 30

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Abstract

Economics is a two-module course for the first year students. There are three parts. The first part is devoted to introduction elements of Economics that are general to the whole of the discipline. The second part covers microeconomic topics that deal with economic actions of individuals and firms. The third part touches upon macroeconomic topics that treat economy as a whole and not a single unit but combination of all. During the course the students are expected to get knowledge of how modern economy works and develop their economic thinking.

Learning Objectives

• to expand the students’ knowledge in the field of economics • to develop skills for understanding and analyzing real economic situations • to provide the students with the knowledge of basic micro- and macroeconomic models and their applications to the current economic cases

Expected Learning Outcomes

Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equilibrium price and output, define equilibrium, solve equations.
To explain the relevant doctrines and provide examples of key cases in each major topic of Microeconomics
To explain the relevant doctrines and provide examples of key cases in each major topic of Microeconomics and Macroeconomics
To outline the general concepts and basic economic terms
understanding economic way of thinking

Course Contents

Introduction to Economics
Introduction to microeconomics
Introduction to macroeconomics

Assessment Elements

Work in the seminar
Essay
Test 1
Team Project
Group project work (2–4 people in one group). Prepare a written report and oral presentation. Objective: Analyze the economic system of the selected country through key modern economic theories & approaches (market, state, type of economic system, specialization (product), etc.), identify strengths and weaknesses, and provide improvement recommendations (for positive development of economic system of the selected country).
Test 2

Interim Assessment

2026/2027 4th module
0.2 * Work in the seminar + 0.25 * Test 1 + 0.1 * Essay + 0.25 * Test 2 + 0.2 * Team Project

Bibliography

Recommended Core Bibliography

Hugh Gravelle, & Ray Rees. (2004). Microeconomics. Harlow: Financial Times/ Prentice Hall. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1417798
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
Martin Kolmar. (2017). Principles of Microeconomics. Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.spr.sptbec.978.3.319.57589.6
Modern principles of economics, Cowen, T., 2013
Mukherjee, S. (2019). Microeconomics. [N.p.]: New Central Book Agency. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2239724
Principles of economics, Mankiw, N. G., 2019

Recommended Additional Bibliography

English for Economics : учеб. пособие для вузов, Розанова, Н. М., 2009
Foundations of economics, Begg, D., 2001
Principles of economics, Case, K. E., 2016

Authors

Kravchenko Valentina Vitalevna

Course Syllabus