This course is an introduction to the science of economics which focuses on the aggregate behavior of households, firms and the government and covers the area of macroeconomics of the conomic theory. The primary goal of this course is to help students to develop a consistent way of thinking about some key macroeconomic phenomena. This course provides an overview of macroeconomic issues: the determination of output, employment, unemployment, interest rates, and inflation. Monetary and fiscal policies are discussed, as are public debt and international economic issues. It introduces basic models of macroeconomics and illustrates principles with the experience of Russia, the NIS countries, the United States and other national economies. Topics covered include gross domestic product, national income, economic growth, unemployment, inflation, the business cycle, fiscal policy and monetary policy, and international trade.

This discipline is primarily concerned with the factors that affect individual economic choices, the effect of changes in these factors on the individual decision makers, how their choices are coordinated by markets, and how prices and demand are determined in individual markets. Study of the economic behavior of individual units of an economy (such as a person, household, firm or industry). The main subjects covered under microeconomics include theory of demand, theory of the firm, and demand for labor and other factors of production.

This course focuses on applied economics and operates quantitative methods to analyze business enterprises. The discipline provides practical knowledge and skills in assessing the structure and performance of companies. It includes subjects such as business administration; ownership, assets and business objectives; accounting, budgeting and investment analysis; business strategy.