Academic year/semester: 2024/25/2

ECTS Credits: 4

Available for: All OU students

Lecture hours: 2
Seminarium:0
Practice: 3
Laboratory: 0
Consultation: 0

Prerequisites: -

Course Leader: Dr. Valéria Szekeres

Faculty: Keleti Károly Faculty of Business and Management, 1084 Budapest, Tavaszmező utca 17.

Course Description:
The course provides students with an understanding of economic terms and relationships so that they can understand the principles of how the economy functions in a globalized world. Students will be able to understand economic behaviour, the causes of economic problems and the relevance of economic policy in dealing with such problems. Students will be able to use the knowledge to understand everyday economic issues.

Competences:
-

Topics:
1. Basics of economics
2. Demand and supply
3. Consumer behaviour
4. Production and business organization
5. Analysis of costs
6. Market structure
7. Factors market
8. Test 1 Measuring economic activity
9. Consumption and investment
10. Business cycles
11. Financial system. Monetary Policy
12. Unemployment. Inflation
13. Test 2
14. Replacement test

Assessment: Attendance in classes is mandatory, maximum absences as described by Study and examination regulations. 2 presentations on a microeconomic and a macroeconomic issue (5 minutes each) by the designated deadline; compliance with scientific expectations is necessary. Materials of presentations must be uploaded to Moodle by the designated deadline. 2 tests in weeks no. 8 and 13. Giving presentations by the designated deadline is a condition for signature. Grading determined by tests and presentations (30%+30%+20%+20%). If 50% is not attained or better grade is wished, extra test (based on the whole curriculum) opportunity is in week no. 14 and in examination period. Exam grade that is completed during the year. Grading is determined by tests and presentations (30%+30%+20%+20%). The way to create an exam grade: 0-49%: insufficient (1); 50-62%: sufficient (2); 63-75%: medium (3); 76-88%: good (4); 89-100%: excellent (5). If 50% is not attained or better grade is wished, extra test (based on the whole curriculum) opportunity is in week no. 14 and in examination period.

Exam Types:

Written Exam

Compulsory bibliography: P. A. Samuelson, W. D. Nordhaus: Economics (2010) (related chapters)

Recommended bibliography: Begg, Fisher, Dornbush: Economics, McGraw-Hill Education (11th Edition)

Additional bibliography: -

Additional Information: -