Where do the graduates of the University work?

KYIV NATIONAL ECONOMIC UNIVERSITY

When was Kyiv National Economic University founded?

Kyiv National Economic University was founded in 1906 as a commercial school in the field of industry and trade.

What faculties did the students study at Kyiv Commercial Institute?

The students studied at three faculties: economic, commercial and technical, and railway maintenance.

Why was the University given the status of National Economic University?

In February 1997 according to the President decree the University was given the status of National Economic University. At present it is granted autonomy in making decisions on the major directions of its activity.

What is Kyiv National Economic University?

Kyiv National Economic University is a prominent economic establishment of higher learning.

What does Kyiv National Economic University provide?

It provides a high quality training of economists and managers for various fields of national economy and coordinates economic and managerial training programmes in Ukraine.

What is the main purpose of the University?

The main purpose of the University is to equip students with contemporary knowledge of economics and to provide them with excellent professional skills.

What programmes does Kyiv National Economic University offer to the students?

Kyiv National Economic University offers a wide choice of programmes and courses for the students: Bachelor’s programmes in economics and management, Master’s programmes, postgraduate and doctorate programmes.

What are the Bachelor’s degree and Master’s degree programmes aimed to?

They are aimed to develop individual and professional abilities of the students and represent different level of academic achievement.

What departments are there at the University?

It has three academic buildings with all education facilities, four hostels and a sport centre.

What buildings and facilities belong to Kyiv National Economic University?

It has three academic buildings with all education facilities, four hostels and a sport centre. There are well-equipped laboratories and studies, lecture halls and computing centres.

Where do the students have free access to?

The students have free accessto the library, reading-rooms, laboratories, medical assistance and sport facilities.

What do the students have at the end of each term?

The students have an examination session at the end of each term.

Where do the graduates of the University work?

The graduatesof the University work at various branches of industry and agriculture, state and private organizations with different forms of ownership, finance and banking system.

WHAT IS ECONOMICS ABOUT

1. What is economics?Economics is the study of mankind in the everyday business life. Economics deals with production, distribution, exchange and consumption. It answers such questions as: How do we produce all the things we need? How are prices determined? Economics is also concerned with² unemployment, inflation, international trade, the interaction of business and labour, and the effects of government spending and taxes.

2. What does economics study?Economics deals with production, distribution, exchange and consumption. It answers such questions as: How do we produce all the things we need? How are prices determined? Economics is also concerned with unemployment, inflation, international trade, the interaction of business and labour, and the effects of government spending and taxes. It is the study of human efforts to satisfy what seems like unlimited and competing wants through the careful use of relatively scarce resources. Economists study what is or tends to be and how it came to be.

3. What are the key terms of economics?The key terms of economics are needs, wants, and demands.

4. What does economics deal with?Economics deals with production, distribution, exchange and consumption.

5. What are economic products?Economic products are goods and services that are useful, relatively scarce and transferable to others.

6. What is the difference between goods and services?The difference between goods and services is that the services are something that cannot be touched or felt like goods.

7. What are consumer goods intended for?Consumer goods are intended for final use by individuals to satisfy their wants and needs.

8. What are capital goods?Capital goods are manufactured goods used to produce other goods and services.

9. What does the term “value” mean in economics?The term value means something having a worth that can be expressed in dollars and cents.

10. What does the term “wealth” mean in economics?Wealth is the sum of those economic products that are tangible, scarce, useful and transferable from one person to another.

11. What is counted as wealth?Most economic goods are counted as wealth, but services are not. The reason for this is that it is difficult to measure the value of services accurately.

12. Why does utility of consumer goods vary from one person to another?Utility is not something that is fixed and can be measured like weight or height. Instead, the utility of goods or services may vary from one person to the next. One person may, for example, get a great deal of enjoyment from a home computer, another may get very little. In the end, for something to have value, it must be scarce and have utility.

13. What is country’s total worth?Total worth is the stockpile of useful scarce, tangible things in existence at a given time. National wealth includes all such items as natural resources, factories, stores, houses, theatres, books, video games etc.

14. What different definitions of economics do you know?Economics is the study of mankind in the everyday business life. It is the study of human efforts to satisfy what seems like unlimited and competing wants through the careful use of relatively scarce resources. Economics deals with production, distribution, exchange and consumption.

15. Why is it impossible to define economics by a single word?It is impossible to define economics by a single word because it is a very complex science that deals with production, distribution, exchange and consumption.

16. What does the term “need” mean? A need is a basic requirement for survival.

17. What is “a want”?A want is a means of expressing a need.

18. What is “a demand”?A demand is the willingness and ability to purchase a desired object.

19. What is the difference between “a want” and “a need”?The point is that the range of things represented by the term «want» is much broader than those represented by the term «need».

Sometimes the difference between a want and a need is clear, at other times, it is not.

20. What do services include?Services are a work that is performed for someone. Services can include haircuts, repairs to home appliances and forms of entertainment like rock performances.

21. What can you say about free products?Sunshine, rainfall, fresh air are known as free products because they are so plentiful. No one could possibly own them, nor would most people be willing to pay anything for them. In fact, some are so important, that life would be impossible without them. Even so, free products are not scarce enough to be major concern in the study of economics.