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Engineering Economics 2 (T)

  • Class 30
  • Practice 0
  • Independent work 30
Total 60

Course title

Engineering Economics 2 (T)

Lecture type

Elective

Course code

183437

Semester

6

ECTS

2

Lecturers and associates

Course objectives

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

Required reading

Grupa autora (2020.), Inženjerska ekonomika 2 - nastavni materijali, FER
Dubravko Sabolić (2017.), 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.

Minimal learning outcomes

  • Explain the concepts related to the market.
  • Identify impacts of the state on the functioning of competitive market.
  • Identify problems of regulation.
  • Recognize the impact of industry on the environment.
  • Identify the different instruments that are offered in the financial markets.
  • Calculate basic measures related to various financial instruments.
  • Explain the basic concepts of macroeconomics.
  • Identify phases of business cycles.
  • Explain the functioning of the basic macroeconomic policies
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