POLITIČKA EKONOMIJA

After successfully attending the course, the student will be able to: • Distinguishes fundamental theoretical explanations of the role of the state in the economy; • Analyzes the factors and criteria of the success of economic systems; • Understands the process of economic transformation from one system to another, i.e. the political economy of transition; • Makes a clear distinction between contemporary business models; • Understands the fundamental laws of economics; • Identifies the causes of market failures and determines instruments of state intervention in order to increase economic well-being; • Understands and analyzes the components of gross domestic product and factors of economic growth; • Recognizes the possibilities and limitations of economic policy.