- •Content
- •Introduction
- •Sillabus
- •1. Data for teachers
- •2. Data on discipline
- •5. Brief description of the discipline
- •6. Content of the discipline 6.1. List of lectures
- •7. Schedule of the tasks and surrender of discipline «Economic theory" for students independent work
- •Basic literature:
- •8. References The laws of the Republic of Kazakhstan, the Letters (Message) of the President of the Republic of Kazakhstan, Regulations rk
- •Additional literature:
- •9. Course policy
- •10. Information on the assessment of knowledge
- •Scheme of assessment of knowledge on the discipline
- •Tentative map Assessment of the students exam
- •2. Glossary
- •3. A short course of lectures
- •1.1 Economic needs, economic benefits and economic resources.
- •1.2 The subject of economic theory
- •1.3 Methods and functions of economic theory
- •Theme 2. Fundamentals of social production
- •2.1 The bases of social production
- •2.2 Structure of social production
- •2.3 Economic Systems. Types of economic systems
- •1. The traditional economic system
- •2. Command and administration economy system
- •3. Market economic system
- •4. Mixed system
- •3.1 Economic and legal content property
- •The system of property relations
- •Fig. 1. The structure of ownership
- •4.1 The forms of social economy. Commodity economy
- •4.2 The nature and function of the market
- •Invariant category that has general economic features inherent to any commodity production.
- •4.3 Origin, nature and function of money
- •4.4 The essence of entrepreneurship and its feature
- •5.1 Demand. Factors determining the demand. The law of supply
- •5.2 Supply. Factors determining the sentence. The law of Supply
- •5.3 Interaction of supply and demand market equilibrium
- •5.3 Elasticity and its types
- •Elastic demand
- •5.4 The theory of consumer behavior
- •6.1 The essence of competition. The theory of perfect and imperfect competition
- •1. On the market at the same time there are many firms, each of which occupies a small share of the market
- •2. Homogeneity of products
- •3. Freedom of entry and exit from the industry
- •4. There fairness information
- •6.2 Theory of monopoly
- •Monopolistic Competition and Oligopoly
- •6.3 Antitrust and competition policy
- •7.1 The reproduction process of capital
- •7.2 Basic and working capital
- •Scheme 1. Factors of self-financing
- •Incease in profits
- •7.3 Investment as a source of financing of productive assets
- •Theme 8. Costs and revenues of the enterprise (company)
- •8.1 Nature and types of costs
- •8.2 Revenue and its types
- •8.3 Profit and its role in the development of the company
- •9.1 Peculiarities the demand for resources
- •9.2 Labor market and wage
- •9.3 Capital markets and interest rates
- •Fig. 16. Demand for capital Fig. 17. Supply of capital
- •9.4 The land market. Land rent
- •10.1 The national economy as a system
- •10.2 System of National Accounts
- •10.3 The macroeconomic indicators and methods of calculation
- •Methods of measuring gnp
- •The calculation of gnp expenditure
- •Calculating gnp by revenue
- •The calculation of gnp "value added"
- •Theme 11. Macroeconomic equilibrium
- •11.1 Macroeconomic equilibrium and its characteristics
- •11.2 Model employment resources
- •12.1 Cyclical nature of the market economy
- •12.2 The Economic cycle and its variants
- •12.3 The concept of economic growth the measurement
- •Types and factors of economic growth
- •Theme 13. Unemployment and inflation are both manifestations of economic instability
- •13.1 Essence and basic forms of unemployment
- •13.2 The effect of unemployment rate on the value of gnp. Okun's Law
- •13.3 Inflation and its causes
- •14.1 Concept and types of monetary systems
- •14.2 The demand for money and money supply
- •14.3 The structure of the financial system
- •14.4 State budget and public debt
- •14.5 Principles and forms of taxation
- •14.6 International relations: the nature, form
- •4. Assignments for practical classes and self-study Theme 1. Subject and method of economics (1 hour)
- •Independent work of the student
- •Theme 2. Fundamentals of social production (1 hour)
- •1. As played wealth?
- •2. The goods are different from the natural product?
- •3. Economic Geography
- •4. Find the right answer
- •5. Graphic problem.
- •1. Questions about the nature of the property
- •6. The concept of "services" and "intangible benefits"
- •Independent work of the student
- •Theme 3. Property relations and their role in the economy (1 hour)
- •7. What is true and false?
- •Independent work of the student
- •Theme 4. Foundations of a market economy and business activities (1 hour)
- •1. Gogol about the farm landowners Plyushkin
- •6. Adventures scientist w. Cameron
- •7. Find the right answer
- •8. Function of money
- •9. The design task
- •Independent work of the student
- •Theme 5. Fundamentals of the theory of supply and demand (2 hours)
- •Independent work of the student
- •Independent work of the student
- •Theme 6. Competition and Monopoly (1 hour)
- •Independent work of the student
- •Theme 7. Circuit and the circulation of capital (funds) of enterprise (1 hour)
- •Independent work of the student
- •Theme 8. Expenses and income of the company (the company) (1 hour)
- •8. All the profit goes to a businessman?
- •Independent work of the student
- •Theme 9. Factor markets and formation of factor income (1 hour)
- •Theme 10. The national economy as a system (1 hour)
- •2. The table presents the nominal and real gdp over the period 1999 to 2003
- •3. By the terms of the left hand column find the definition in the right column.
- •4. True-false:
- •5. Does Kazakhstan's gdp this article? If not, why not? If so, then the calculation of expenditure and revenue and in what specific section?
- •Independent work of the student
- •Theme 11. Macroeconomic equilibrium (1 hour)
- •Independent work of the student
- •1. Right - wrong:
- •2. Activation of the human factor
- •4. Types of intensification of production.
- •Theme 13. Unemployment and inflation as a manifestation of economic instability (1 hour)
- •2. Economic challenge.
- •Independent work of the student
- •Theme 14. The main directions of economic policy (1 hour)
- •Independent work of the student
- •5. Questions for the interim control for the subject "Economic Theory"
- •5. 1 Questions for the 1-st interim control
- •5.2 Questions for the 2nd interim control
- •6. Tests to consolidate students' knowledge
- •References
8.2 Revenue and its types
As the income in a market economy is the amount of money received by a private individual, a corporation or a national economy over a certain period of time (usually a year) and provide for the acquisition of goods and services.
Types of income:
Total revenue - is the result of multiplying the unit price and its corresponding number:
TR= P x Q
- Average revenue - income from a unit of production (i.e., the price per unit of output) is determined by dividing gross income by the number of products:
АR =ТR
Q
- Marginal revenue - additional income, which is the result of selling one additional unit of output:
М R= ТR
Q
Sources of cash revenue:
1. Salary;
2. Property revenue (dividends, interest, rents, profits, etc.);
3. Transfer payments to the state or social benefits (pensions, unemployment benefits, etc.).
In a market economy, there is inequality in income distribution, which is measured by the Lorenz curve, and expresses the degree of inequality, the Ginny coefficient.
The fact that the owners of the factors of production are the revenue, the buyers of these factors is the costs. Factor prices under perfect competition are determined by supply and demand.
The size of the demand for each factor depends not only on the level of prices for this factor, but also on the prices of other resources. When the price of a certain factor increases, demand will fall and the demand for the other factor will increase.
For example, a higher price for labor will lead to the replacement of its machines. The possibility of mutual substitution of factors of production allows combining them in a ratio that provides the lowest production costs and highest profits.
The elasticity of demand for each particular factor of production can vary depending on:
- The level of income of the company and the demand for its manufactured products;
- Mutual substitution possibilities used in the production of resources;
- The availability of markets interchangeable and complementary inputs at affordable prices;
- The desire to innovate, etc.
8.3 Profit and its role in the development of the company
Profit is equal to total revenue income minus total costs, i.e. Economic profit is a form of net income. In connection with the division of costs for accounting and economic distinction: accounting and economic profit. Economic profit is total revenue minus the internal and external costs, including a normal profit. In contrast, economic profit, accounting profit is total revenue minus the external costs.
Profit of the firm is a key performance indicator summarizing its industrial and commercial activities. Profit - is the purpose and motive of the firm. Profit influenced numerous: how extensive and intensive factors. Its value is determined by:
1. level of productivity.
2. and material and labor costs of production;
3. changes in the structure of production and the range of products;
4. price level, the rate of the total turnover of the capital advanced. Acceleration of turnover of the company leads to savings or fixed and current assets, or the growth of output, which in one and in another case, increases the profits of the firm.
Theme 9. Factor markets and the formation of factor revenue