ITA704 Economics

Code ITA704
Name Economics
Status Compulsory/Courses of Limited Choice
Level and type Undergraduate Studies, Professional
Field of study Economics
Faculty
Academic staff Maija Šenfelde, Uldis Kamols, Ilze Judrupa, Aleksandra Mihņenoka, Kristīne Gorbunova, Aleksandrs Fedotovs, Juris Saulītis, Indra Ruperte
Credit points 4.0 (6.0 ECTS)
Parts 1
Annotation This course provides information of economic patterns. It examines key economic concepts, indicators, and economic interactions and correlations that give students an insight into the economic theories and their application. Students will explore the functioning of modern economies. The course consists of two parts. The first part is focused on the microeconomics, the second part of the view of macroeconomic issues..
Goals and objectives
of the course in terms
of competences and skills
To acquire though knowledge of economic issues. Objectives: to be able to accept business-related decisions based on supply and demand theory, consumer choice theory, the theory of production and costs, taking into account the peculiarities of the national economy. Ability to apply knowledge of economic and analysis of economic processes to be able to assess the consequences of decisions to be taken. Understand the macroeconomic regularities, as a basis for national economic policy-making.
Learning outcomes
and assessment
Are able to define the main economic concepts and explain the models and methods used in the economic analysis. - Individual work, tests, classroom discussions, group work, exam
Are able to apply economic models of economic analysis problem solutions. - Individual work, tests, classroom discussions, group work, exam
Are able to understand macroeconomic regularities as a basis for the country's economic policy. - Individual work, tests, classroom discussions, group work, exam
Are able to assess the socio-economic consequences of decisions to be taken. - Individual work, tests, classroom discussions, group work, exam
Course prerequisites The course is based on general knowledge obtained at a secondary educational establishment. The course lays the foundation for all courses related to economics, finances and business activities

[Extended course information PDF]