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Course description
The Economics - is the science of selecting the most effective ways to meet the boundless needs of the people through the rational use of limited resources. The main function of the economy is to continually create those goods that are necessary for the life of the people and without which society can not develop. Economics helps meet the needs of people in a world of limited resources. Thus the subject of economic theory is the contradiction between the limited resources and unlimited nature of human needs. You can select the first feature of the economy of the subjects of economic theory is to find a rational combination of resources to achieve maximum satisfaction of the needs of society. The second function of economic theory - practical (recommendatory). On the basis of positive knowledge economy makes recommendations for action to implement the necessary economic policy.
Fundamental concepts of economics
Fundamental concepts of economics 2
Market
Supply and demand
Monopoly
Oligoly
Monopolistic competition
Cost production
Growth domestic product
Aggregate demand and aggregate supply
Business Cycle
Monetary and fiscal policy
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