PRINCIPLES OF ECONOMICS

After studying the subject, among other things, the student will be able to: - explain and analyze basic economic principles and laws; - understands the dynamics of market processes and determinants of market demand and supply; - recognizes market failures and defines public policies to combat them; - analyzes the specificities of the labor market and the symbiotic relationship between workers and employers; - analyze the macroeconomic environment and explain the impact of macroeconomic indicators on the business decision-making of economic entities, etc.