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LO-1
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define and analyse the main concepts of economics. |
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LO-2
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explain the decision process which is required to answer the economical questions “what should we produce”, “how should we produce”, “for whom should we produce” |
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LO-3
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be able to analyse the market equilibrium |
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LO-4
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analyse the market structure. |
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LO-5
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will be able to explain the differences between macroeconomics and microeconomics. |
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LO-6
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will be able to analyze national income. |
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LO-7
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Define growth and development; evaluate the growth rates of different countries |