- •Content
- •Introduction
- •Sillabus
- •1. Data for teachers
- •2. Data on discipline
- •5. Brief description of the discipline
- •6. Content of the discipline 6.1. List of lectures
- •7. Schedule of the tasks and surrender of discipline «Economic theory" for students independent work
- •8. References The laws of the Republic of Kazakhstan, the Letters (Message) of the President of the Republic of Kazakhstan, Regulations rk
- •Basic literature:
- •Additional literature:
- •9. Course policy
- •10. Information on the assessment of knowledge
- •Scheme of assessment of knowledge on the discipline
- •Tentative map Assessment of the students exam
- •2. Glossary
- •3. A short course of lectures
- •1.1 Economic needs, economic benefits and economic resources.
- •1.2 The subject of economic theory
- •1.3 Methods and functions of economic theory
- •Theme 2. Fundamentals of social production
- •2.1 The bases of social production
- •2.2 Structure of social production
- •2.3 Economic Systems. Types of economic systems
- •1. The traditional economic system
- •2. Command and administration economy system
- •3. Market economic system
- •4. Mixed system
- •3.1 Economic and legal content property
- •The system of property relations
- •Fig. 1. The structure of ownership
- •4.1 The forms of social economy. Commodity economy
- •4.2 The nature and function of the market
- •Invariant category that has general economic features inherent to any commodity production.
- •4.3 Origin, nature and function of money
- •4.4 The essence of entrepreneurship and its feature
- •5.1 Demand. Factors determining the demand. The law of supply
- •5.2 Supply. Factors determining the sentence. The law of Supply
- •5.3 Interaction of supply and demand market equilibrium
- •5.3 Elasticity and its types
- •Elastic demand
- •5.4 The theory of consumer behavior
- •6.1 The essence of competition. The theory of perfect and imperfect competition
- •1. On the market at the same time there are many firms, each of which occupies a small share of the market
- •2. Homogeneity of products
- •3. Freedom of entry and exit from the industry
- •4. There fairness information
- •6.2 Theory of monopoly
- •Monopolistic Competition and Oligopoly
- •6.3 Antitrust and competition policy
- •7.1 The reproduction process of capital
- •7.2 Basic and working capital
- •Scheme 1. Factors of self-financing
- •Incease in profits
- •7.3 Investment as a source of financing of productive assets
- •Theme 8. Costs and revenues of the enterprise (company)
- •8.1 Nature and types of costs
- •8.2 Revenue and its types
- •8.3 Profit and its role in the development of the company
- •9.1 Peculiarities the demand for resources
- •9.2 Labor market and wage
- •9.3 Capital markets and interest rates
- •Fig. 16. Demand for capital Fig. 17. Supply of capital
- •9.4 The land market. Land rent
- •10.1 The national economy as a system
- •10.2 System of National Accounts
- •10.3 The macroeconomic indicators and methods of calculation
- •Methods of measuring gnp
- •The calculation of gnp expenditure
- •Calculating gnp by revenue
- •The calculation of gnp "value added"
- •Theme 11. Macroeconomic equilibrium
- •11.1 Macroeconomic equilibrium and its characteristics
- •11.2 Model employment resources
- •12.1 Cyclical nature of the market economy
- •12.2 The Economic cycle and its variants
- •12.3 The concept of economic growth the measurement
- •Types and factors of economic growth
- •Theme 13. Unemployment and inflation are both manifestations of economic instability
- •13.1 Essence and basic forms of unemployment
- •13.2 The effect of unemployment rate on the value of gnp. Okun's Law
- •13.3 Inflation and its causes
- •14.1 Concept and types of monetary systems
- •14.2 The demand for money and money supply
- •14.3 The structure of the financial system
- •14.4 State budget and public debt
- •14.5 Principles and forms of taxation
- •14.6 International relations: the nature, form
- •4. Assignments for practical classes and self-study Theme 1. Subject and method of economics (1 hour)
- •Independent work of the student
- •Theme 2. Fundamentals of social production (1 hour)
- •1. As played wealth?
- •2. The goods are different from the natural product?
- •3. Economic Geography
- •4. Find the right answer
- •5. Graphic problem.
- •6. The concept of "services" and "intangible benefits"
- •Independent work of the student
- •Theme 3. Property relations and their role in the economy (1 hour)
- •1. Questions about the nature of the property
- •7. What is true and false?
- •Independent work of the student
- •Theme 4. Foundations of a market economy and business activities (1 hour)
- •1. Gogol about the farm landowners Plyushkin
- •6. Adventures scientist w. Cameron
- •7. Find the right answer
- •8. Function of money
- •9. The design task
- •Independent work of the student
- •Theme 5. Fundamentals of the theory of supply and demand (2 hours)
- •Independent work of the student
- •Independent work of the student
- •Theme 6. Competition and Monopoly (1 hour)
- •Independent work of the student
- •Theme 7. Circuit and the circulation of capital (funds) of enterprise (1 hour)
- •Independent work of the student
- •Theme 8. Expenses and income of the company (the company) (1 hour)
- •8. All the profit goes to a businessman?
- •Independent work of the student
- •Theme 9. Factor markets and formation of factor income (1 hour)
- •Theme 10. The national economy as a system (1 hour)
- •2. The table presents the nominal and real gdp over the period 1999 to 2003
- •3. By the terms of the left hand column find the definition in the right column.
- •4. True-false:
- •5. Does Kazakhstan's gdp this article? If not, why not? If so, then the calculation of expenditure and revenue and in what specific section?
- •Independent work of the student
- •Theme 11. Macroeconomic equilibrium (1 hour)
- •Independent work of the student
- •1. Right - wrong:
- •2. Activation of the human factor
- •4. Types of intensification of production.
- •Theme 13. Unemployment and inflation as a manifestation of economic instability (1 hour)
- •2. Economic challenge.
- •Independent work of the student
- •Theme 14. The main directions of economic policy (1 hour)
- •Independent work of the student
- •5. Questions for the interim control for the subject "Economic Theory"
- •5. 1 Questions for the 1-st interim control
- •5.2 Questions for the 2nd interim control
- •6. Tests to consolidate students' knowledge
- •References
11.2 Model employment resources
Up until the thirties among economists generally of the opinion that through the mechanism of free pricing economy automatically tends to equilibrium - where AD = AS.
Is it possible to achieve full employment with stable prices?
In modern macroeconomics consider the following areas:
A) Classic.
B) Keynesian.
The essence of the classical theory of employment is that, according to her society full employment of resources is the norm. This conclusion is based on the law of Jean-Baptist Say (according to which wages and prices are flexible, the production of goods creates income exactly equal to the cost of manufactured goods).
Economists - classic claim that Qs (supply) varies adequate changes in the price level. Because of the desire to get more revenue, the manufacturer will expand the production of goods, with an increase in costs - full time. To offset the additional costs incurred, sellers are forced to raise prices, and the increase in demand will not occur and the equilibrium output will remain the same - Qe.
Across the state it will act as a desire market to provide price stability, income, employment resources.
The main conclusion of the classical theory is that the capitalist economy is self-regulating. Aggregate supply determines the level of real output at full employment and aggregate demand - the price level.
The essence of Keynesian theory is the following: the economy may be poised for a significant level of unemployment and significant inflation. Full employment is casual.
The basis for the macro equilibrium in the economy is the aggregate demand, which can vary depending on changes in the price factor.
In the short term prices, wages are inelastic, so the total supply represented by the horizontal line.
Decline in aggregate demand leads to a decrease in GHP at constant prices. The decline in production leads to unemployment. If the GHP will be less than it should be (aggregate demand), the Company, seeking to take advantage of the phenomenon of selling at a lower price and attract more resources to expand production.
I.e. economy tend to equilibrium position. Although in this case, not price, and sales are the signal that tells us whether they should expand or curtail production.
In the Keynesian model of general equilibrium in the economy does not have to match that level of PPR, which allows you to ensure full employment of resources. On the contrary, the equilibrium can be achieved with the availability of resources, i.e. unemployment and inflation. To avoid huge losses from recessions and crises, needs strong macroeconomic adjustment policies of aggregate demand from the state, the basic tools which are: consumption, savings and investment.
So, summing up, we should note the following:
Macroeconomic equilibrium in the market is achieved by equality of aggregate demand and aggregate supply.
Striking a balance is possible in the long run by self-regulation of the economy through market mechanisms (classical theory of employment of resources), and through the intervention of the state and full employment of resources (Keynesian view).
Theme 12. Cyclical nature of economic development and conomic growth