ECONOMICS I - BMEGT301004

The course contributes primarily to understand the economic phenomena occurring in everyday life, and also to understand the social phenomena in a broader sense by introducing the basic concepts, principles and contexts of basic economic education and presenting the logic of economic theory building.

1. know the basic concepts of economics, the logical structure of the basic theoretical models
2. know the logic of national accounting, the data that can be obtained from it
3. know the operational logic of a market economy
4. know the decision logic of individual market participants
5. know how to maximize corporate profits
6. are familiar with the different types of elasticity of supply and demand,
7. know the economic model of the productive sector,
8. are familiar with simpler types of market structures,
9. are familiar with simpler methods and procedures for solving microeconomic problems.

1. able to apply the market model comparative statically,
2. suitable for welfare analysis of economic processes,
3. able to analyze the market-distorting effects of economic policy,
4. able to perform simple economic calculations (e.g. present value calculation),
5. able to perform simple cost-benefit analyzes,
6. able to make simple market structure comparisons.

1. collaborate with their instructors and fellow students during the learning process,
2. gain knowledge and information,
3. are open to receiving information about the economy,
4. are aiming to learn about and routinely use the tools needed to solve economic problems,
5. are aiming for an accurate and error-free solution,
6. are aiming to mainstream economic efficiency in corporate operations.

1. independently formulate and solve problems related to micro- and macroeconomic process,
2. are open for reliable critical remarks
3. use systematic thinking.

Lectures, computational exercises and communication in written and oral form, optional independent and group assignments.

• Margitay – Daruka – Petró: Mikroökonómia (Jegyzet a Mikro- és makroökonómia tárgyhoz)
• Egyéb oktatási segédanyagok (gyakorló feladatok, mintazh stb.) a tanszék honlapján, a tárgy neve és kódja alatt érhetőek el: http://kgt.bme.hu/tantargyak/bsc/BMEGT301004

Assessment of learning outcomes described under 2.2. is based on two obligatory written tests during the semester (learing unit assessement).

Detailed description of assesments during the semester: Learning unit assessment: the complex, written way of evaluating the knowledge and ability type competence elements of the subject in the form of an indoor dissertation, the dissertation basically focuses on the application of the acquired knowledge, so it focuses on problem recognition and solution. It also includes test-type and lexical knowledge measurement tasks. The part of the course on which the assessment is based is determined by the lecturer of the subject in agreement with the supervisors. The available working time is 45 minutes.

• 1st mid-term test: 50%
• 2nd mid-term test: 50%
• total: 100%

1) The two mid-term tests can be replaced or improved free of charge during the semester (for the first time). In the case of a correction, the subsequent result is always taken into account. 2) If the student is not able to obtain a grade other than insufficient with the replacement according to point 1), he / she may make a second attempt to correct the unsuccessful first replacement during the replacement period, in addition to paying the fee specified in the regulations and registering for the required replacement.

Consulted with the Faculty Student Representative Committee, approved by dr. Lógó Emma, Vice Dean for Education Date: 13. 05. 2019. Valid from September 1, 2019.

Subject includes the topics detailed in the course syllabus to ensure learning outcomes listed under 2.2. can be achieved. Timing of the topics may be affected by calendar or other circumstances in each semester

Part III of the Subject Form is to be approved by the Head of Department of Economics named under 1.8.