PRINCIPLES OF POLITICAL ECONOMY

Knowledge and understanding
The student will be able to use basic concepts of economic analysis with special reference to the market economy.

Applying knowledge and understanding
The student will be able to discuss with sound terminology and arguments aspects of the market economy, as, for example, market prices, negative externalities, the GDP as an indicator of well-being.

Making Judgments
At the end of the course students will be able to identify economic aspects of some social problems