648 Economics

648 Economics

  • Study programme and level: University degree programme Administration 1st Cycle
  • 1st year
  • 7 ECTS
  • Course type: Core
  • Lectures: 45
  • Tutorial: 30
  • Individual work: 135
  • Lecturer: Stanka Setnikar Cankar , PhD


1. Objectives and competences


  • discovers the basic concepts and principles of economic theory, as well as the basic methods used in economic analysis,
  • discovers the basic theoretical microeconomic and macroeconomic issues,
  • links the theoretical economic issues with the characteristics of Slovenian market society,
  • analyzes and evaluates the decisions and measures of economic policies, particularly relevant for the public sector,
  • analyzes the interdependence of economy and public sector.


  • is able to assess the structure and functioning of markets and national economy,
  • is able to analyze different types of market structures in practice,
  • is able to assess the economic policy measures in the public sector,
  • is able to link the legality of goods economy, the theory of production, role of the state with the economic problems of modern economies,
  • is able to analyze practical examples.

2. Content

  • Fundamental Principles of Economic Theory on Micro and Macro Level
  • Economic Problems of Society and Individuals
  • Market Mechanism (Supply and Demand)
  • Monopoly and Oligopoly
  • Models of Market Structure and entrepreneurship
  • Macroeconomics
  • Gross Domestic Product
  • Unemployment and Inflation
  • Foreign Trade Policy
  • Exchange Rate Policy and Balance of Payments
  • Monetary Policy
  • Fiscal Policy

3. Readings

  • SETNIKAR CANKAR, Stanka, HROVATIN, Nevenka(2007). Temelji ekonomije. Fakulteta za upravo, Ljubljana.
  • ARISTOVNIK, Aleksander et al. (2007). Temelji ekonomije – vprašanja in primeri z rešitvami. Fakulteta za upravo, Ljubljana.
  • PRAŠNIKAR, Janez, DOMADENIK, Polona (2007). Mikroekonomija. Gospodarski vestnik, Ljubljana. (izbrana poglavja).  
  • SAMUELSON, P. A., NORDHAUS, W. D. (2005). Economics.McGraw-Hill, New York. (izbrana poglavja iz tematike mikroekonomije in makroekonomije).

4. Intended learning outcomes


  • is able to understand the basic economic issues and legitimacies and link them with the other subjects,
  • is able to handle a specific economic issue and provide the findings to the others,
  • is able to communicate about economic ideas and arguments and apply those ideas to the field of public sector activities,
  • is able to read general economic papers and identify the issue, place it in perspective, evaluate the arguments and consequences from the public sector perspective.

5. Learning and teaching methods

  • Lecture
  • Practical work
  • E-learning

6. Assessment

Written exam (can be passed with two tests) (100%)