ON DISCIPLINE

Syllabus_on_Economic_Policy_2014

Ministry of Education and Science of the Republic of Kazakhstan

Academician E.A. Buketov Karaganda State University

Faculty of Economy

Chair of Economy and International Business

EDUCATIONAL AND METHODICAL COMPLEX

ON DISCIPLINE

«ECONOMIC POLICY»

for the speciality: 5В051300 – World economy

Course: 3

Semester: 6

Karagandy 2014

Authors: Zhartay Zh.M., senior teacher, master of economic sciences, Gazizova M.R., teacher, master of economic sciences

Discipline of «Economic Policy» is the independent economic discipline which subject of studying is the theoretical and methodological problems. This discipline study problems as development of national economy and its state regulation, formation of economic policy and its essence, objects and subjects of economic policy, the role of the state in the market economy, macroeconomic balance of national economy, fiscal, social and monetary policies of the state, antimonopoly activity of the state, state policy in the ecological sphere and state regulation of foreign economic activity of the Republic of Kazakhstan.

The complex is intended for students and teachers.

Educational and methodical complex on discipline «Economic Policy» for the speciality: 5В051300 – World economy/Author: Zhartay Zh.M., Gazizova M.R. – Karagandy: Publishing house of Karaganda state university, 2014. - 68 p.

© Karaganda state university, 2014

1. CURRICULUM OF THE DISCIPLINE (APPENDIX 1).

This discipline is component of choice

2. WORK CURRICULUM OF THE DISCIPLINE

3. EDUCATION PROGRAM OF THE DISCIPLINE (SYLLABUS)

3.1 Information about teacher:

Zhartay Zh.M., senior teacher, master of economic sciences.

Gazizova M.R., teacher, master of economic sciences.

Chair of Economy and International business, room #448,

Days: Monday – Friday, 10.00 a.m. – 17.00 p.m.

3.2 Pre-requisites of a course: Economic theory, History of economic doctrines, Microeconomics, Macroeconomics.

3.3 Post-requisites of a course: Foreign trade policy, International trade and world money, International economics, International economic relations.

3.4 Brief description of the discipline

Discipline of «Economic Policy» is a component of a cycle of all-professional and special disciplines and is intending for studying by students of economic specialties.

Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting interest ratesand government budget as well as the labor market, national ownership, and many other areas of government interventions into the economy.

Such policies are often influenced by international institutions like the International Monetary Fund or World Bank as well as politicalbeliefs and the consequent policies of parties.

British economist John Maynard Keynes (1883-1946) argued that self-adjusting market forces could take a long time to restore full employment. He predicted that an economy can be stuck at a high level of unemployment for a prolonged period, leading to untold miseries. Keynes explained that classical economics suffered from major flaws. Wages and prices are not as flexible as classical economists assumed – in fact, nominal wages tend toward the downward direction. Keynes further argued that classical economists had ignored a key factor that determined the level of output and employment in the economy – the "aggregate demand" for goods and services in the economy from all sources (consumers, businesses, government, and foreigners). Producers produce (and provide employment in the process) to meet the demand for their goods and services. If the level of aggregate demand is low, the economy would not create enough jobs and unemployment can result. In other words, the free working of the macroeconomics does not guarantee full employment—deficient aggregate demand can cause unemployment. Thus, if the aggregate private demand (i.e., the aggregate demand excluding government spending) falls short of the demand level needed to generate full employment, the government should step in to take up the slack.

The central issue underlying Keynesian thought was that those who have incomes demand goods and services and, in turn, help to create jobs. The government should thus find a way to increase aggregate demand.

4. THE SCHEDULE OF PERFORMANCE AND DELIVERY OF THE TASKS ON THE DISCIPLINE

5. THE CARD OF EDUCATIONAL-METHODICAL PROVIDING OF THE DISCIPLINE

Date: 2015-02-28; view: 2171