Introduction to economicsSyllabus

Subject code

İF-2602y

Credits

6

Student workload

180

Semester

Autumn semester

Academic year

—

Subject type

Mandatory

Form of education

Full-time

Language of instruction

Azerbaijani

In-class hours

30 saat mühazirə, 30 saat praktiki məşğələ

Out-of-class hours

Tələbələrin sərbəst işi (TSİ) 120 saat təşkil edir

60 hours of classroom hours are planned for the teaching of the "introduction to economics" subject. 30 hours of them are allocated to lecture classes and 30 hours to practical training classes. students' free work (tsi) is 120 hours. this includes SI - performance and delivery of free work, preparation for lectures, seminars, laboratory classes, colloquiums. students are given 1 to 5 free tasks or 2-5 students are given 1 free task as a group. each of the free works is evaluated from 1 to 10 points and makes up a total of 10 points per semester. if necessary, students can be given 1 independent assignment with a larger and more scientific content. at this time, that free task is evaluated on a 10-point scale. at the end of the semester, the student's attendance in the subject is evaluated with 10 points, practical exercises and colloquiums with 30 points, and free assignments with 10 points. the remaining 50 points for the subject are determined in the exam. it is planned to carry out the study load in the 1st semester. the teaching of the subject results in an exam. 6 credits are provided for the subject in the educational program.

• lecture
• seminar
• presentations
• interactive discussion
• case study

No learning outcomes have been added.

1. 1.
   The essence and methods of studying economicsLecture

   What is economics? the role of economy in social life. why study economics? subject of economic science and modern approaches to it. evolution of economic science. levels of the economy: micro and macroeconomics. differentiation of economic problems on micro and macro levels. economic thinking. how is economics studied? economic methodology. a positive and normative economic approach. research methods of economic processes: scientific abstraction, analysis and synthesis, induction and deduction. mathematical methods of analysis of economic processes. graphical representation of data. time series and bivariate graph. propensity factor.

2. 2.
   Production possibilities frontier and opportunity costsLecture

   Ensuring economic interests. abraham maslow's hierarchy/pyramid of needs. economic needs and their classification. economic resources: essence and classification. natural resources, capital and human resources. exhaustible and renewable resources. economic choice and constraint. factors of production. production possibilities curve (ppf (production possibility frontier). marginal rate of transformation (mrt- marginal rate of transformation). how to reduce costs when producing a product. effective use of resources. economic choice: alternative choice and alternative costs. producer and consumer behavior. rational behavior. ultimate costs and benefits. abraham maslow's hierarchy/pyramid of needs. economic needs and their classification. economic resources: nature and classification. natural resources, capital and human resources. exhaustible and renewable resources. production possibilities curve (ppf) marginal rate of transformation. how to reduce costs when producing a product. economic choice: alternative choice and alternative costs. rational behavior. marginal costs and benefits.

3. 3.
   Economic system and its classificationLecture

   The economic system and its classification. the essence and content of the economic system. characteristics of the economic system. the main problems of economic systems: what to produce? how to produce? to produce for whom? criteria and types of classification of economic systems. general and different aspects of the economic system. "pure" and "mixed" economic systems according to the criteria of complexity and variability of economic systems. planned economic system (administrative emirate system). the essence of the market economy system. driving and regulatory mechanism of the market economy. free enterprise. a. smith's "invisible hand" theory. models of market economy. basic aspects of social and free (free) market economy. market concept. historical conditions of the formation of the market. understanding the structure of the market. functions of the market. property is an economic and legal category. economic realization of property. theories of property. signs of ownership, use and disposal of property in the property. objects and subjects of property. forms of ownership: state ownership, private ownership, intellectual property.

4. 4.
   Market economy subjects

   Household. household income expenditure. entrepreneurial activity essence and economic importance. legal basis of entrepreneurship. purpose and types of entrepreneurial activity. who is the entrepreneur? what are the main rights and duties? the main forms of business organization: individual, partnership and society. the main advantages and disadvantages of forms of business organization. the essence of the enterprise as a consumer of its economic resources and a supplier of finished products. forms of enterprises according to the size and type of ownership. the state as a subject of the market economy. state entrepreneurship. state department of economy.

5. 5.
   Məzuniyyət hüququnun həyata keçirilməsi qaydaları, əmək münasibətlərinə xitam verilərkən məzuniyyət hüququnun tənzimlənməsi qaydası.Lecture

   Əzuniyyət hüququnun həyata keçirilməsi azərbaycan respublikasının əmək məcəlləsi ilə tənzimlənir. i̇şçi qanunvericilikdə nəzərdə tutulmuş qaydada məzuniyyətə çıxmaq hüququna malikdir. məzuniyyət, əsasən, işçinin müraciəti və işəgötürənin müvafiq əmri əsasında rəsmiləşdirilir. əmək məzuniyyətinin müddəti, vaxtı və ödəniş qaydaları qanunvericiliyə uyğun müəyyən edilir. məzuniyyət növündən asılı olaraq müvafiq sənədlər də tələb oluna bilər.

   • • ftn1: əmək hüququnun prinsiplərini,subyektlərini və əmək müqaviləsinin əsas xüsusiyyətlərini izah edir.
   • • ftn3: məzuniyyət hüququnun həyata keçirilməsini,əmək haqqı və əmək müqaviləsinə xitam qaydalarını izah edir.
   • • ftn5: əmək intizamını,əməyin beynəlxalq hüquqi tənzimləməsini və bət konvensiyalarını izah edir.
   • • ftn2: əmək şəraitini,iş və istirahət vaxtını,məzuniyyət hüququnu izah edir.
   • • ftn4: əmək müqaviləsi tərəflərinin maddi məsuliyyətini,əməyin mühafizəsini və əmək mübahisələrini izah edir
6. 6.
   Supply and its elasticityLecture

   The nature of the offer individual and market offer. the volume of the offer and its quantitative change. supply curve and its shift. determinants of supply: price of products or services, production costs and price changes of production factors, technologies used in the production process, prices of related products. supply curve: the relationship between the quantity of goods and services supplied and the price. movement along the supply curve and the shift in the supply curve the supply function. effect of price on supply. the law of supply. income and price elasticity of supply. effect of supply on price.

7. 7.
   Ensuring market equilibrium: price formationLecture

   What is market equilibrium? demand surplus and shortage. basic elements of market equilibrium: equilibrium price and volume. effects of changes in supply and demand on equilibrium. interpretation of market equilibrium by l. walras and a. marshall. equilibrium price formation: the role of supply and demand. the nature and functions of price. price freedom. state price regulation

8. 8.
   Competition and monopolyLecture

   Nature and types of competition. superior qualities of market competition. advanced competition and its features. emergence of monopolies: concentration and centralization of capital. socio-economic consequences of monopoly. what is natural monopoly? monopolistic competition. oligopoly. government antitrust action. regulation of competition environment and monopoly activity.

9. 9.
   Gdp and its calculationLecture

   Gross domestic product (gdp). gross national product. intermediate product. the final product. added value. income and expenditure method of calculating gdp. production method (value added) expenditure method of calculating gdp: household consumption expenditure, investment expenditure, government expenditure and net exports. nominal gdp. price index. real gdp. GDP deflator. consumer price index. AQP calculation of gdp. the essence of economic growth. indicators of economic growth at the macroeconomic level. factors affecting economic growth. criteria of economic growth. types of economic growth. economic growth and economic development

10. 10.
    Employment and wagesLecture

    Employment and wages the nature of labor resources. economically active population. measuring the level of economic activity of the population. socio-economic nature of marriage. labor market: demand and supply of labor. equilibrium in the labor market. full employment. the impact of trade unions on the labor market. state regulation of labor relations. state regulation of working hours. unemployment and its social consequences. measuring the unemployment rate. forms of unemployment and its natural level. salary essence and functions. nominal and real wages. determination of the minimum wage by legislation. supporters and opponents of setting the minimum wage. determining the average monthly salary and median salary labor productivity essence and measurement

11. 11.
    Government spending and taxationLecture

    Government and its budget. income and expenses of the budget. structure of budget expenditures: investment and socially oriented budget. tax and non-tax revenues of the budget. the nature and main functions of the tax. basic principles of taxation. tax burden and tax to broadcasting. tax system. budget surplus and deficit. public debt. a traditional and ricardian view of public debt. fiscal policy of the state. consequences of maximum tax policy. effects of fiscal policy on monetary policy

12. 12.
    Income distribution and povertyLecture

    Volume and structure of monetary income of the population. real and nominal money income. fair distribution of income. social inequality. lawrence curve. calculating the gini (gini) coefficient measuring the standard of living. poverty level and its measurement. absolute and relative poverty. social security

13. 13.
    Economic development and social welfareLecture

    Economic development and indicators characterizing it. what is sustainable development? sustainable development goals. the essence of inclusive development. social orientation of the economy. education and health indicators of the population. welfare and its measurement. quality of life. a system of indicators characterizing well-being. improving material well-being.

14. 14.
    Azərbaycanda qaraqoyunlu və ağqoyunlu sülalələrinin hakimiyyətiLecture

    Qaraqoyunlu və ağqoyunlu dövlətlərinin yaranması, idarəçilik sistemi, xarici və daxili siyasəti nəzərdən keçirilir. bu dövlətlərin azərbaycan dövlətçilik ənənələrinin inkişafına təsiri və regional siyasi proseslərdə mövqeyi işıqlandırılır.

    • • ftn2: azərbaycan tarixi üzrə bəzi mübahisəli məsələlərə aydınlıq gətirilir.
    • • ftn5: tələbələrə qədim tariximizin müasir dövrlə uzlaşdırılması vərdişləri aşılanır.
    • • ftn3: tələbələrin bu və ya digər məsələlərlə bağlı obyektiv mövqeyini formalaşmasına nail olunur.
    • • ftn4: tələbələrin ən azından minimum məlumat əldə etməsi, mövzular ətrafında öz fikrinin formalaşmasının səviyyəsi yoxlanılır.
    • • ftn1: azərbaycan tarixinin dövrlərinin əsas mahiyyəti izah edilir.
15. 15.
    Open economy: international economic cooperationLecture

    The essence of an open economy. the degree of openness of the economy and its indicators. conditions necessitating international relations: comparative and relative advantage. international trade. balance of payments: positive and negative balance. import and export operations reasons for restriction of international trade. customs duties (tariffs). import and export quotas. export promotion and administrative restrictions. protectionism and free trade. international movement of labor. migration. international movement of capital. foreign investments and their promotion. different views and tendencies towards globalization. development of economic cooperation: international organizations.

1. 1. carl e. case, ray j. fair, sharon m. oster. fundamentals of microeconomics. 2017, 478 p. 2. olivier blanchard. macroeconomics. 2017, 541 p. 3. menkyu q.n. principles of economics. publishing house of the university of economics. 2009, 696 p. 4. meybullayev m.kh. introduction to macroeconomics, university of economics publishing house. 2011, 480 p 5. william a. mceachern. economics: a contemporary introduction, 7e, 799 p. 6. philip hardwick, bahadur khan, john langmead. an introduction to modern economics, 712 p. 7. huseynov f.i. basic principles of economic theory, baku, ganjlik, 2015, 324 p. 8. huseynov t. azerbaijan's national economic development model: theory and practice, baku, elm, 2015, 466 p. 9. khasbulatov r.i. "international economic relations" / translated from russian. baku, "zardabi ltd" llc, 2015, 808 pages. 10. history of economic teachings (textbook) publishing house of the university of economics. 537 p. 11. zhuravlyova g.p. economic theory. publishing house of the university of economics. 2008. - 920 p. 12. paul r. krugman, maurice obstfeld, and mark j. melitz. international economics: theory and policy. 2018, 865 p. 13. http://anl.az/ (official page of the national library of azerbaijan) 14. https://library.azmiu.edu.az/index.php?go=bolmeler&id=3