The aim of the course is to teach students both theoretical and practical aspects of functioning and development of modern market economy, as well as the formation of knowledge, skills and abilities related to the profile profile of market entities to study economic activity in different market structures.
The purpose of the subject is to study the main problem of the market economy and its solution; study of supply and demand, and their influencing factors; study of market balance, maximum and minimum prices, elasticity of supply and demand and directions for their practical use; study of consumer choice, consumer behavior in market and its influencing factors; study of production and production factors, their optimal use, analysis of production costs; studying the behavior of firms in competing and non-competitive market structures and the factors influencing their operations, the effects of the economic policy of the state; to teach the principles of monopoly power, indicators of monopoly power and pricing in monopoly conditions.