Karabakh University Courses
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[DAM 331] Principles of Economics (elective)
Instruction Language
Azerbaijani
Course Type
Elective - Block 3
Course Description
This course introduces the fundamental concepts of microeconomics and macroeconomics, focusing on how individuals, firms, and societies allocate scarce resources. The curriculum covers supply and demand dynamics, market equilibrium, and consumer behavior. Students investigate national income accounting, inflation, and unemployment, alongside the roles of fiscal and monetary policies in stabilizing the economy. The course emphasizes cost-benefit analysis and the impact of global trade. By the end of the semester, students will be capable of analyzing market trends and understanding the economic environment in which engineering projects operate, providing a vital foundation for informed financial and strategic decision-making.
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