Fundamentals of Economics
Scarcity, cost, and division of labour: the problem of allocation, the determinants of market supply, the determinants of market demand, market equilibrium, the markets for factors of production, market power and extern effects, the state's role in market economy, macroeconomic analysis, macroeconomic objectives of the state, the national accounts, the basic models of macroeconomics.
Logistics & Transport Management (Bachelor)
Language of instruction
After passing this course successfully students will be capable of recognising, defining and delineating the basic principles, theories, concepts and instruments of general business administration and economics. The graduates will have the skills and competence to understand issues in the context of macro-economics. In addition, graduates will be able to make informed decisions based on broad business knowledge and subsequently understand and classify detailed and expert knowledge in the special business management disciplines. Graduates will have acquired the skills to understand the tasks and instruments of economics and can estimate their benefits in operational practice.