Upon successful completion of the course, students will be able to:

• Understand key economic notions
• Describe basic microeconomic behavior of consumers and firms
• Identify and describe fundamental macroeconomic measures
• Recognize the influence of basic macroeconomic developments of business aspects
• Understand the role and the process of technological innovation
• Grasp and define entrepreneurship types
• Understand and use basic tools of investment projects evaluation

The course is a general introduction in micro and macroeconomics. In addition, some basic elements of the economics of innovation and investments analysis are included. The following sections compose the body of the course:

• The fundamental economic problem
• Consumer’s Behavior
• Firms’ production and costs
• Demand and Supply
• Elasticities, endogenous and exogenous shocks
• Competition and Business Strategies
• Key Macroeconomic measures
• The role of state intervention and the open economies
• Aspects of innovation and entrepreneurship
• Basic elements of investment projects evaluation

Lectures (3 hours/week)

Written examination based which includes:

• Questions of multiple choice type
• Questions of short answer type

ICT in teaching and communication with students (e-class)