Course title: 
Economics 1
Primary programme: 
Fizikus mérnök BSc
ECTS credits: 
Course type: 
Number of lectures per week: 
Number of practices per week: 
Number of laboratory exercises per week: 
Further knowledge transfer methods: 
computional exercises, optional exercises individually or in teamwork
Coursework grade
Special grading methods: 
Responsible lecturer: 
Dr. Zsombor Ligeti, associate professor, PhD
Lecturers and instructors: 
Course description: 
The course contributes primarily to understand the economic phenomena occurring in everyday life, and also to understand the social phenomena in a broader sense by introducing the basic concepts, principles and contexts of basic economic education and presenting the logic of economic theory building. Topics 1. How does an economist think? The subject of economics. Farming. Rationality and selfishness. Opportunity costs, marginal analysis. Economic operators. The demand 2. Suppliment. Interpretation of equilibrium and non - equilibrium situations in the market using a Marshall cross. How the market mechanism works: analyzes using the Marshall cross. 3. State intervention in market processes: tax and subsidy, price fixing. 4. Type and calculation method of flexibility. Flexibility of supply and demand, and their use in classifying products and services. Information provided by flexibility values. 5. Technical constraints that determine corporate decisions (TLH curve). Production function in the short and long term. Isoquant map, the impact of technological development. Scale yield, separation of yield spheres. 6. Expenditures. Relationship between technology and costs. Types of costs. Expenditures in the short and long term. Optimal factor utilization. Factor market, derivative demand. 7. The company's supply, the optimal production level in the short and long term on perfectly competitive market. Determination of total market supply. Market equilibrium. Pareto-optimal situations - Pareto efficiency. 8. Present and future value calculation. - Computational exercises, preparation for the 1st mid-term test 9. 1st mid-term test 10. Monopoly market, supply monopoly. The optimal supply of the monopoly definition, output and pricing of the monopolist. 11. Monopolistic competition. Oligopoly, oligopoly market. Individual strategy versus cooperation. The prisoner's dilemma. Market failures: externalities and public goods. 12. Computational exercises, preparation for 2nd mid-term test
Reading materials: 
List of competences: 
Please find the detailed list, as quoted from the Hungarian training and outcome requirements of the Physicist Engineer program, in the Hungarian version of the course description.