Economic Logic
Program: Bachelor of Business and Administration (Specialisations: Business, Finance, Governance)
ECTS: 3
Lecturer: Prof. Witold Kwasnicki
Email: witold.kwasnicki@uwr.edu.pl
Type: Optional
Level: Elementary
Lecture
Number of hours: 2h X 6 weeks = 12 hours (1 semester)
Classes
Number of hours: 2h X 4 weeks = 8 hours (1 semester)
The aim:
To acquaint the students with the mechanisms of economic development and the decision processes of producers and consumers .
Acquired knowledge:
Understanding mechanisms of economic development.
Acquired skills:
Analytic thinking
Developed reflection:
Good social competences.
Assessment:
The final grade consists of: exam ( 60% ), student own work ( 50% ), class activity ( 50% ).
Contents:
The smallest political quiz. Monopoly and Competition.
The Factors of Production: Land, Rent and Natural Resources.
The Factors of Production: Wages, Employment and the Productivity of Labour.
Capital and Interest.
The Role of Entrepreneurship.
Financing Capitalism: Stock and Bond Market.
Globalization, Protectionism and Free Trade.
Environmental Economics.
Globalization, Protectionism and Free Trade.
Recommended reading:
- Economic Logic, Mark Skousen, Capital Press, Washington, 2014.
- Economics in One Lesson, Henry Hazlitt, Mises Institute, Auburn, 2008.
