Economics for managers | Faculty of Technical Sciences

Subject: Economics for managers (17.IMS571)

Type of studies	Title
Specialised Academic Studies	Engineering Management (Year: 1, Semester: Summer)

General information:

Category	Professional-applicative
Scientific or art field	Information-Communication Systems
ECTS	5

The goal of this subject is to explain to the students the basic principles of Microeconomics in simple and reasonable way using the lot of case studies. The students is going to appropriate better understanding of economic environment, markets, opportunities of productions processes, costs, laws of supply and demand, and patterns of consumption. This mode of knowledge will help them in the context of market-like decisions oriented to the organization of firms and consumers.

The practical understanding of scarcity, opportunity of productions, the articulation of marginal costs and benefits, comparative advantages, results of trade, demand and supply, modes of the forming of prices, elasticities of supply and demand, modes of functioning of market, repercussions of the law-based regulations, choices and constraints respected the demand of individual demands, relationship between the economic of the scale and costs, and the dimensions of rentability of productions.

What is Economics, economical problems, Demand and Supply, Elasticities, Effectiveness of market and the System of Allocations of Resources, The Impact of law-based Regulation on Prices, Utility and Demand, Organization of Production, Costs of Production, Competition and Market: Laws, Monopolies, Oligopolies, Annex: Using of the Differential Calculus in the Explaining the marginal Values, Examples for the determination of Profit, Rentability and Elasticity.

Lessons, practices, recalling/repetition of the main aspects of subjects, consultation, explication of the concrete problems, visual presentations (PPT, debates) of the seminar works.