Z-EKO-375 Polityka gospodarcza Economic Policy. Economics 1st degree (1st degree / 2nd degree) General (general / practical)

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1 MODULE DESCRIPTION Module code Module name Module name in English Valid from academic year 2012/2013 MODULE PLACEMENT IN THE SYLLABUS Z-EKO-375 Polityka gospodarcza Economic Policy Subject Level of education Studies profile Form and method of conducting Specialisation Unit conducting the module Module co-ordinator Economics 1st degree (1st degree / 2nd degree) General (general / practical) Full-time (full-time / part-time) All The Department of Economic Strategies Halina Jastrzębska-Smolaga, PhD hab., Professor of the University Approved by: MODULE OVERVIEW Type of subject/group of subjects Module status Language of conducting Module placement in the syllabus - semester Subject realisation in the academic year Initial requirements Examination Number of ECTS credit points 4 Method of conducting Major (basic / major / specialist subject / conjoint / other HES) Compulsory (compulsory / non-compulsory) Polish 3 rd semester Winter semester (winter / summer) Microeconomics, Macroeconomics (module codes / module names) Yes (yes / no) Lecture Classes Laboratory Project Other Per semester

2 TEACHING RESULTS AND THE METHODS OF ASSESSING TEACHING RESULTS Module target The aim of the module is to familiarise students with theoretical and empirical knowledge on conditions and premises of the state economic policy, showing mechanisms for a state interventions in a country economy as well as providing knowledge that seems indispensable in professional career. Effect symbol Teaching results Teaching methods (/l/p/other) Reference to subject effects Reference to effects of a field of study W_01 W_02 W_03 U_01 U_02 U_03 K_01 K_02 A student has basic knowledge on the nature of economic policy, its position, and relations with other social sciences. A student has basic knowledge on institutions creating a county s economic policy, legal status of these institutions, goals of economic policy, and the sources of financing economic programmes. A student knows determinants, mechanisms, and instruments of a state economic policy implementation. A student observes processes and changes in economy using various sources of data acquiring as refers to implementation of the state economic policy. In addition, a student is able to use his knowledge about the aims and instruments of economic policy in his professional life. A student is able to describe the causes of economic phenomena, such as inflation and unemployment as well as suggest effective mechanisms of the state intervention in economy in this scope. A student understands the mechanisms of the state intervention in economy and uses the acquired knowledge to analyse such socio-economic phenomena, as unemployment, and inflation. A student understands the need of life-long learning on the state intervention in economy, particularly in the context of changing premises and instruments of economic policy. A student cooperates as well as works in a team and successfully communicates analysing complex effects of the state intervention in economy. c K_ K_W09 K_W09 K_ K_K03 S1A_ S1A_ S1A_ S1A_ S1A_U06 S1A_ S1A_U07 S1A_U08 S1A_ S1A_K02 Teaching contents: Teaching contents as regards lectures Lecture number 1 The role of the state in economic life Teaching contents The approach of various schools to public activities. Two models of a contemporary country. Economic policy as a scientific discipline. The profile of economic policy. Internal structure of each economic policy. Goals, measures, and methods (instruments) to achieve the objectives of economic policy. Socio-economic consequences of no-hit decisions of governments. Reference to teaching results for a module

3 2 The policy for promoting economic growth Growth factors. Economic growth indices. The role of economic policy in influencing economic growth. Pro-growth policy. Regulation of economy regulation capabilities. 3 Innovation policy The goals of Polish innovation policy in view of the country s development strategy The sources of innovation financing. The instruments of supporting innovation activities in view of principles of EU innovative policy. The forms of functioning as regards innovation centres. Regional innovation systems. 4 Investment policy. The trends in creating investment policy. The goals of investment policy. Entities of investment policy. Measures to achieve the objectives of investment policy. The sources of investment financing. 5 Labour market regulation policy The theory of balance on labour market. Malfunctioning of labour market. Goals and measures to implement labour market regulation policy. Instruments to affect: labour demand, supply of labour. Bilateral transfer of workforce abroad. Prospects for reducing unemployment. 6 Evolution of income and pricing policy The scope and functions of income and pricing policy (the types of implemented policies). Goals, measures, and instruments of implementing income and pricing policy. 7 Monetary and credit policy The essence and goals of monetary and credit policy. Instruments of implementing monetary policy. The role of central bank in a conduct of monetary policy. Hard and soft approach to monetary policy. 8 Inflation. Inflation preventing policy Mainstream economists opinion on the causes of inflation. The types of inflation. Inflation and inflation anticipation. Inflation effects. Anti-inflation policy and its economic and administrative instruments. 9 Implementation of the state budget policy The Budget Act and rules for controlling budget implementation. The role and importance of taxes. The forms of tax burden. The instruments of active and passive budget policy. Budget deficit and public debt. Fiscal sustainability and economic balance. Public finance strategy. 10 Polish economic policy as for the member of European Union The essence and benefits from economic integration. National Strategic Reference Framework Europe Polish policy on European Union. Teaching contents as regards Class number 1 The state regulatory activities Teaching contents Regulatory goals of the state activities. The regulations of public interest Reference to teaching results for a module

4 concept implementation (elimination of the effects of an invisible hand of the market, monopolies reduction). Regulations and deregulations. The state s economic functions: allocative, stabilising, and redistributive). 2 Factors limiting and speeding up economic growth Three approaches to the factors of economic growth: historical, model, and systemic. The factors that currently dynamise economic growth. Organisational, institutional, structural, workforce, raw material, foreign trade, consumption, mentality, and organic barriers. Are there boundaries of economic growth? 3 The policy of improving Poland s economy innovation The methods of stimulating innovation. Implementing innovative policy approaches for Poland s economy to succeed in moving to higher trajectories of development of Economy based on knowledge. The main barriers of implementing innovation to Polish economy. Evaluation of current innovation development in Poland (European Commission Report). 4 Investment processes control Public investment and consequences of launching the Keynes multiplication factor. Tools for shaping the effectiveness of capital investment. Instruments for regulation of capital injection. Instruments accelerating the closure of investment process. Direct and indirect management of investment processes. The impact of: tax, monetary, and credit policies as well as capital transfer abroad and capital inflow from abroad on investment policy stability in Poland. 5 Anti-inflation policy. The impact on demand and supply side Administrative policy of limiting the wages and prices increase. The instruments of monetary policy. The instruments of fiscal policy. Taking advantage of international exchange. K02 K02 The methods of assessing teaching results Effect symbol W_01 W_02 W_03 U_01 U_02 U_03 K_01 K_02 Methods of assessing teaching results (assessment method, including skills reference to a particular project, laboratory assignments, etc.) A final test, an oral examination A final test, an oral examination An oral examination, a discussion during the Observing students during their work in the so-called small groups, a discussion during the, and a questionnaire Observing students during their work in the so-called small groups, a discussion during the STUDENT S INPUT Type of student s activity ECTS credit points Student s workload

5 1 Participation in lectures 20 2 Participation in 10 3 Participation in laboratories 4 Participation in tutorials (2-3 times per semester) 9 5 Participation in project 6 Project tutorials 10 7 Participation in an examination Number of hours requiring a lecturer s assistance 55 (sum) 10 Number of ECTS credit points which are allocated for assisted work 11 Unassisted study of lecture subjects Unassisted preparation for Unassisted preparation for tests 9 14 Unassisted preparation for laboratories 15 Preparing reports 15 Preparing for a final laboratory test 17 Preparing a project or documentation Preparing for an examination 8 19 Preparing for a test during the lecture 20 Number of hours of a student s unassisted work 55 (sum) 21 Number of ECTS credit points which a student receives for unassisted work 22 Total number of hours of a student s work ECTS credit points per module 1 ECTS point=25-30 hours 4 24 Work input connected with practical Total number of hours connected with practical Number of ECTS credit points which a student receives for practical