Engineering Economics 2

Learning Outcomes

  1. Explain the concepts related to the market.
  2. Identify impacts of the state on the functioning of competitive market.
  3. Identify problems of regulation.
  4. Recognize the impact of industry on the environment.
  5. Identify the different instruments that are offered in the financial markets.
  6. Calculate basic measures related to various financial instruments.
  7. Explain the basic concepts of macroeconomics.
  8. Identify phases of business cycles.
  9. Explain the functioning of the basic macroeconomic policies

Forms of Teaching

Lectures

Partial e-learning

Independent assignments

Week by Week Schedule

  1. Relevant market, The market power and its abuse, Regulation of the market with full competition
  2. Price Regulation, The liberalization and deregulation of industry, Antitrust Laws and Their Interpretation, Antitrust and Competitiveness in a Global Economy
  3. Regulation: Protecting People from the Market, The political and legislative cycle regulation of industry in the European Union, Practical aspects of Industry Regulation
  4. The social cost of pollution, Maximizing the Net Benefits of Pollution, Alternatives in Pollution Control, The European Union policy related to pollution
  5. Basic definitions and terms, Financing of company activities, The main instruments of borrowing on capital markets
  6. Sheres, bonds, loans, Derivative products, Fund types, Funds and pensions
  7. Analysis of financial markets, Primary and secondary markets, Credit rating companies, Financial markets regulation and standards
  8. Midterm exam
  9. Macroeconomics definition, Basic terms: GDP, inflation, unemployment, Objectives of macroeconomic policy, The impact of basic indicators on business, its performance, and expectations
  10. Definition, Calculaton methods, GDP per capita - analysis, Potential GDP
  11. Definition, Periods and points in Business Cycle, Changes in Key Macroeconomic Indicators Throughout the Business Cycle, Unemployment types and businness cycle, The impact of unemployment on the situation in the industry
  12. Historical view, Fiscal policy
  13. Monetary policy, IS-IL model
  14. Impact of changes in technology
  15. Final exam

Study Programmes

University undergraduate
Computing (study)
Transversal Courses (4. semester) (6. semester)
Electrical Engineering and Information Technology (study)
Transversal Courses (4. semester) (6. semester)

Literature

(.), Inženjerska ekonomika 1 - nastavni materijali,
(.), Dubravko Sabolić: UVOD U MIKROEKONOMIKU – odabrane teme,
(.), Economics of Regulation and Antitrust, Fourth Edition By W. Kip Viscusi, John M. Vernon and Joseph E. Harrington,
(.), Makroekonomija by Blanchard, Oliver; Gjidara, Mirta.,

Associate Lecturers

General

ID 183437
  Summer semester
2 ECTS
L3 English Level
L2 e-Learning
30 Lectures
0 Exercises
0 Laboratory exercises
0 Project laboratory