Topics we study during Topics we study during the coursethe course

What is EconomicsWhat is Economics ? ?The social science that deals with the The social science that deals with the production, distribution, and consumption production, distribution, and consumption of goods and services and the theory and of goods and services and the theory and management of economies or economic management of economies or economic systems.systems.

HistoryHistory

Main terms usedMain terms used

Micro and macroeconomy studiesMicro and macroeconomy studies

Comand versus Market economyComand versus Market economy

You will find out who was responsible You will find out who was responsible for communism and globalizationfor communism and globalization

Demand and SupplyDemand and Supply

Demand, wish, wantDemand, wish, want

Supply Supply

ElasticityElasticity

You will find out how products are priced You will find out how products are priced and how your family budget is constrainedand how your family budget is constrained

Marketing and ManagementMarketing and Management

MarketingMarketing

ManagementManagement

You will find out how advertisement You will find out how advertisement and leaders can improve profitabilityand leaders can improve profitability

BanksBanksCommercial banksCommercial banks

Central banksCentral banks

Social banksSocial banks

We will learn the reasons of the We will learn the reasons of the most recent Financial Crisismost recent Financial Crisis

Government and EconomicsGovernment and Economics

GovernmentGovernmentIts economical Its economical

policypolicyRegulationsRegulations

You will find out why foreign cars are so You will find out why foreign cars are so expensive in Uzbekistanexpensive in Uzbekistan

Business EconomicsBusiness Economics

Life CycleLife CycleEconomies of scaleEconomies of scaleEconomies of scopeEconomies of scopeProfit maximization Profit maximization

You find out You find out why Chinese why Chinese products are the products are the cheapest in the world marketcheapest in the world market

CostsCosts

Fixed CostsFixed CostsVariable CostsVariable CostsOpportunity costsOpportunity costs

Fixed cost + Variable cost= Total costFixed cost + Variable cost= Total cost Revenue – total cost= profit Revenue – total cost= profit

You will find out how Hollywood You will find out how Hollywood blockbusters are madeblockbusters are made

The time value – money!The time value – money!RiskRiskDiversificationDiversificationPresent value of Present value of

a future paymenta future paymentFuture value of a Future value of a

present sumpresent sum

You will find out how to manage You will find out how to manage your time and make a money your time and make a money with the time valuewith the time value

World economyWorld economy

Inflation and deflationInflation and deflation

What is inflation ?What is inflation ?How is it measured ?How is it measured ?Inflation and interest ratesInflation and interest ratesInflation and investmentsInflation and investments

You will find out why the price of You will find out why the price of goods increases and its cost for goods increases and its cost for the economythe economy

THANK YOUTHANK YOU

FOR YOUR ATTENTION !FOR YOUR ATTENTION !