Seminar 2. Economic needs of society. Economic interests

KYIV INTERNATIONAL UNIVERSITY

Seminar 2. Economic needs of society. Economic interests - student2.ru

POLITICAL ECONOMY

(for English language learners)

Complex teachings programme

Syllabus assignment

For all economic specialities

(2 term)

Kyiv – 2011

ПОЛІТИЧНА ЕКОНОМІЯ

Навчально-методичний комплекс

(для студентів всіх економічних спеціальностей)

Lecturer:

Matusova O.M.

Translated by:

Mazina M.M.

Edited by:

Обговорено та схвалено на засіданні кафедри економіки та менеджменту

Протокол № 7 від 17 лютого 2011 р.

OBJECTIVE AND TASKS OF THE COURSE

The main goal of the course “Political economy” is studying the laws and categories of this science, patterns of functioning and development of economic systems, ways and methods of effective use of scarce productive resources of the society, ways of solving the global problems, such as “what, how and for whom to produce?”

To achieve this aim the solution of the following tasks is necessary: defining the role of economic theory in the society; determination of its subject, object and method; determination of the main provisions of the economic theories economic science is based on; clarification of the system of the main economic indexes and indicators; defining the basis of micro and macroeconomics.

After studying the course students should

know:

· the general tendencies and regularities of social production development;

· the conditions of civilized forms of economy developed by human society use in Ukraine during centuries and creation of an effective, self-sufficient production;

· the mechanism and regularities of establishment of the market economy, the ways of its creation and the preconditions of its effective functioning;

· the ways of reforming administrative system, getting over remains of colonialism and remains of economic disasters, revival of economic culture of our people;

· the mechanism of the social economic self regulation.

be able to:

· think critically, analyze economic process by themselves, work with sources, primary statistic and archive materials;

· use instruments of economic categories and notions while formulating their thoughts;

· amylase processes, which are currently taking place in the Ukrainian economy;

· operate the methods of research of economic phenomena.

PLANS OF SEMINARS and Tasks for individual work

Seminar 1. The subject and object of political economy

1. The subject and object of political economy.

2. The methods of knowledges the economical processes. Functions of political economy.

3. The problem of choice and opportunity cost. The manufacturing feasibilities of society. The table and the production-possibility curve.

Task for individual work

Analyze the formation of the main schools of political economy according to stages of development the economical relations.

Vocabulary

producer		виробник
hypothesis		гіпотеза
deduction		дедукція
induction		індукція
consumer, user		споживач, користувач
opportunity cost		альтернативна вартість
free capital flow		вільний рух капіталу
antitrust legislation		антимонопольне законодавство
policy of non-interference, hands-off policy		політика невтручання
simulation, modeling		моделювання
manufacturing feasibilities, production possibilities	,	виробничі можливості
production-possibility curve		крива виробничих можливостей
ownership, property		власність
private property		приватна власність
communal property		громадська (колективна) власність
joint ownership		спільна власність, співволодіння
state (public) ownership		державна власність
cooperative property		кооперативна власність

Core reading

1. Kreps David M. A course in microeconomic theory. Prinston Univ Press, 1990, 429 p.

2. Weingast B.R., Wittman D. The Oxford Handbook of Political Economy. Oxford University Press, 2006, 869 p.

3. Башнянин Г.І., Лазур П.Ю., Медведєв В.С. Політична економія: Ч.1. Загальна економічна теорія, Ч. 2. Спеціальна економічна теорія. – К.: Ніка-Центр, Ельга, 2002. – 528 с.

4. Башнянин Г.І., Шевчук Є.С. та ін. Політична економія: Навчальний посібник. – Львів: “Новий світ – 2000”, 2004. – 480 с.

5. Зазимко А.З. Політична економія: Структурно-логічний навчальний посібник. – К.: КНЕУ, 2005. – 358 с.

Additional reading

1. Макконнелл К.Р., Брю С.Л. Экономикс: принципы, проблемы и политика. В 2-х т. / Пер. с англ. – М.: Республика, 1992. – 600 с.

2. Encyclopedia of International Political Economy. R.J. Jones. Routledge, 2001, 1776 p.

Seminar 2. Economic needs of society. Economic interests

1. The essence and structure of society’s economic needs.

2. The Law of increasing needs.

3. The product utility.

4. Economic interests, their classification and interaction.

Task for individual work

To define the difference between economic resources and factors of production.

Vocabulary

commodity, good, product		товар
marginal product utility		гранична корисність продукту
competition		конкуренція
economy: traditional, command (planned), market, mixed, transition		економіка: традиційна, командна (планова), ринкова, змішана, перехідна
rural economics		економіка сільського господарства
to get (to receive) a profit		отримувати прибуток
unwarranted interference		недозволене втручання
interaction, interface	,	взаємодія, узгодження
close cooperation		тісна взаємодія
physical need		природна потреба
necessities of life		життєві потреби
constantly growing requirements		постійно зростаючі потреби
the good things of life, creature comforts		життєві блага
material welfare		матеріальні блага
to be suspected of corruption		бути підозрюваним в корупції
lobbyism, lobbying		лобізм