The aim:
To acquaint the students with the mechanisms of economic development and the decision processes of producers and consumers .

Acquired knowledge:
1. Understanding mechanisms of economic development.

Acquired skills:
1. Analytic thinking.

Acquired social skills:
1. Good social competences.

Course contents:
1. “Value paradoxes” in economics.
2. Logical analysis of opportunity costs.
3. Time in economics.
4. Logical analysis of competition.
5. Logical analysis of incentive structures.
6. Rationality in economics.
7. Functions of property rights.
8. Behavioral economics.
9. The economic role of information

Recommended reading: 
1. Economic Logic , Mark Skousen, Capital Press. Washington 2014.

Additional reading: 
1. Economics in One Lesson, Henry Hazlitt, Mises Institute. Auburn 2008.