APPLICATION
Course: ECONOMIC POLICY (mandatory course at the 2nd year)
Classes per week:
course): 60-66
6
Classes per semester/academic year (one semester
ECTS: 8
COURSE DESCRIPTION:
This course presents a survey of the principles of economics and economic policy issues
followed by major up-to-date events in the domestic and global economy. Required text:
Samuelson, P & Nordhaus,W: Economics. McGraw-Hill/Irwin: 18th edition. 2004, selected
scientific and journal articles. Students are also requested to read one of the following on the
regular basis: The Economist, The Wall Street Journal, The Financial Times. The online access
details will be provided by the Department.
The schedule of the main readings - selected chapters from Samuelson & Nordhaus
textbook (additional readings will be added each week based on the recent and current
events in the global and domestic economy):
1st week
Introduction
The Doctrines of the Economic Policy - part I
2nd week
Doctrines of the Economic Policy - part II
3rd week
Ch 1 The Fundamentals of Economics
Ch 2 Markets and Government in a Modern Economy
Ch 3 Basic Elements of Supply and Demand
4th week
Ch 9 Competition and Its Polar Case of Monopoly
Ch 12 How Markets Determine Incomes
5th week
Ch 14 Land and Capital
App 14 Markets and Economic Efficiency
Ch 15 Comparative Advantage and Protectionism
6th week
Ch 17 Promoting More Efficient Markets
Ch 18 Protecting the Environment
7th week
Ch 20 Overview of Macroeconomics
Transition Economics: Eastern Europe
8th week
Ch 28 The Challenge of Economic Development
Third World Countries and Their Development Challenges
9th week
Ch 30 Open-Economy Macroeconomics
10th week
Ch 34 Policies for Growth and Stability
11th week
Wrap-up session
GENERAL AND SPECIFIC LEARNING OUTCOMES:
- to describe the main economic indicators and be able to explain the relations among
them, as well as the meaning of certain trend
- to understand the pros and cons of various ways of implementing economic policy
- to be able to judge country's economic performance compared with other countries in
the region and globally
- to be able to discuss economic doctrines and the ways they influenced contemporary
thinking
- to be well informed on the current events in the domestic and global economy and be
equipped to critically assess them
LECTURES:
- presentations, multi-media
- Q&A
- lecturer-led discussion
- student-centered discussion
- guest speakers from academia, business sectore, public administration and NGOs
GRADING AND EXAMS:
20% - presentation held in the class
20% - participation in the class discussion
60% - written and oral exam
LITERATURE:
Required text: Samuelson, P & Nordhaus,W: Economics. McGraw-Hill/Irwin: 18th edition. 2004,
selected scientific and journal articles.
The articles will be in compliance with the set of readings: Dujsin, U. & Vedris, M: Ekonomska
politika u RH, Dokumenti - Clanci - Analize, Pravni fakultet Zagreb, 2009.
Students will be also requested to read one of the following on the regular basis: The Economist,
The Wall Street Journal, The Financial Times. The online access details will be provided by the
Department.
QUALITY ASSURANCE AND MONITORING OF THE SUCCESS OF THE COURSE:
- feedback by the students
- monitoring by the Head of the Chair of Economic Policy
- external evaluation
LECTURERS:
Prof Mladen Vedris - CV attached
Ruzica Simic, MA - CV attached
Ms Simic is currently doing a fellowship at George Washington University within the Junior
Faculty Development Program sponsored by the State Department. The main purpose of this
Program is improvement of teaching methods, skills, and syllabi.