The Economics Department includes a group of courses within which the basic economic research and key contributions to economic science are studied. The courses are designed to provide insight into the basics of economic theory and scientific explanations of actual economic events, to introduce students to basic analytical techniques in economics and models of economic analysis, and to analyze current economic developments in Croatia and the international environment. The Department is responsible for teaching courses in Principles of Economics, Microeconomics, Macroeconomics, Economic Geography, International Economics, Managerial Economics, Public Finance, and collaborates with courses in related departments at the ZSEM such as Money and Banking and Financial Markets and Institutions. The Economics Department organizes the execution of Microeconomics and Macroeconomics courses in English for full-time students and foreign exchange students, and develops advanced-level elective courses (Microeconomic Analysis) for students with ambitions of continuing their education at foreign universities.


The objectives of the Economics Department are realized through the curriculum of obligatory and elective courses, which introduces students to basic concepts of microeconomics, macroeconomics, international economics and public finance, allowing the later understanding of the issues of economic reality, modes of action of national and international markets, as well as modern market economies when solving economic problems. Among the main objectives is the systematic monitoring of students and encouraging interest in economic research and economic analysis, through elective courses in the English language and higher, advanced levels of analysis.

Head of Department

Amina Ahec - Šonje Ph.D.

asonje

Teaching Assistant:

Katarina Kovač, B.A.

kkovac

Miljana Valdec, B.A.

mvaldec

Office No.:

312 (Dean's building)

Phone No.:

+385 1 2354 280

Consulting Hours:

Monday 10-12, Thursday 10-12

 

Courses held within the department during the undergraduate program:

Course Name

Code

Semester

ECTS

Type*

Principles of Economics 1

EC101

1

6

O

Economic Geography

EC105

1

4

O

Principles of Economics 2

EC102

2

6

O

Microeconomics

EC215

3

6

O

Macroeconomics

EC222

4

6

O

Public Finances

FN224

4

4

O

Economics for Managers

EC339

6

5

O

International Economics

EC223

7

6

O

Microeconomics

 

3

 

E

Macroeconomics

 

4

 

E

Macroeconomic analysis

 

4

 

E

* O - obligatory;  E - electives



PRINCIPLES OF ECONOMICS 1
Principles of Economics 1 introduces students to the basic field of economics known as microeconomics, which studies the behavior of the subjects within economic activities, such as businesses, industries, individual consumers and relationships that are created between them. The aim of this course is to examine whether and how the economy uses its limited resources to achieve maximum goals (profit, customer satisfaction ...).

ECONOMIC GEOGRAPHY
Economic Geography provides the insight in the concept of perception of spatial layout and direction of factors important to the economy such as energy, manufacturing or finance. The course deals with the processes and trends that are changing the world economy and society.

PRINCIPLES OF ECONOMICS 2
This course introduces students to the basics of macroeconomics, core economic concepts and principles of this area, such as income distribution and poverty, national accounts basis, analyzes the elements of aggregate supply and demand, the multiplier, the functioning of the banking system, the role of central banks, inflation, international trade, and more. Students will, through the introduction to macroeconomics learn to apply theoretical knowledge through the processing of cases from everyday economic life, and debate on current macroeconomic issues of national and global character.

MICROECONOMICS
 Microeconomics allows students to understand the economic logic of the behavior of economic operators, manufacturers, consumers and the establishment of their mutual relations and. Sudents will get acquainted with the theory of markets and prices, detailed analysis of supply and demand and their determinants, theory of production and cost the company as the company achieves economic efficiency, operation of competitive markets and other market structures, the importance of information in the functioning of market mechanisms, analysis of the causes of market imperfections and the role of government in market economies.

MACROECONOMICS
Macroeconomics is a course that deals with the basics of: macroeconomic variables and the relationships among them, the market of goods and services, financial and labor markets, aggregate supply and demand, the operation of an open economy that includes an analysis of international trade, exchange rates, balance of payments, intrest rate parity and effects of expectations on the movement of macroeconomic aggregates. Students learn the material through the application of their theoretical knowledge demonstrated in the cases from everyday economic life.

PUBLIC FINANCES
Public Finances examine the issue of public goods, the economic functions of government, economic reasons that justify and explain the economic intervention of the state, as well as the effects of fiscal policy. The student becomes familiar with the budget process, the revenue and expenditure side of budget, finance and public debt. Also, a special emphasis is put on issues of budget planning and monitoring its implementation. All issues of public finances are put in the context of the current situation in Croatia and EU. Separate chapter is devoted to the EU budget

ECONOMICS FOR MANAGERS
Students will be studying literature from different areas of economics to introduce key concepts and principles of microeconomics and mathematics for economists and managers, gain insight into different areas such as optimization, analysis, evaluation and demand forecasting, linear programming, and introduction of market structure. Students will also learn to link economic theory with practice and to apply economic theory and quantitative methods in daily business decisions within private companies or state institutions.

INTERNATIONAL ECONOMICS
International Economics discusses the key concepts and principles of the economic areas such as labor productivity and Ricardo model of comparative advantage, Heckscher-Ohlin theory of international trade, standard models of trade, the instruments and measures, trade policy, balance of payments and exchange rate and money supply, interest rates, prices and production. Students attending the course will learn to apply theoretical knowledge and acquire competence to engage in discussions on current economic issues of national and global character

 


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