Political Economy

GENERAL INFORMATION ABOUT THE COURSE
Course titlePolitical Economy
Chair of Economic Sciences
Number of ECTS credits7
Lecturerprof.dr.sc. Rajko Odobaša
Office AddressRadićeva 13 soba 23/17
Telephone+385 91 2245 506
e-mailrajko.odobasa@pravos.hr
Lecturerizv.prof.dr.sc. Katarina Marošević
Office AddressRadićeva 13 K-67
Telephone+385 31 224 567
e-mailkatarina.marosevic@pravos.hr
COURSE DESCRIPTION
Course content

1. The role of economic disciplines in the education of lawyers and the multidisciplinarity of legal studies; 2. About the origin of the name "Political economy" and changes in the nomenclature; 3. Subject and methods of Political Economy, characteristics of Political Economy as a science and the position of Political Economy among other economic disciplines 4. Theory of needs and the law of scarcity; 5. Brief economic history and history of economic thought; 6. Introduction to the economic process: 7. Production as the first stage of the economic process 8. The role and importance of the human factor in the production phase - The role and significance of scientific and technical progress in production; - The role and significance of natural resources and nature/environment in production; - The role and significance of entrepreneurship and management in production; - The role and significance of the organization and activities of companies in production; - Measurement of production results at the enterprise level and elements of cost theory, - Measurement of production results at the social level (GDP, DP, ND, HDI); 9. Distribution as the second phase of the economic process - characteristics, mechanism and controversies of primary, secondary and tertiary distribution - Forms of income of owners of production factors (profit/dividend, interest, rent), - Rent as income from human labor; 10. Exchange as the third stage of the economic process - Historical forms and market mechanism, - Money - the emergence of a general equivalent, the development of the form of money and credit-monetary policy, - International exchange – motives, doctrines and rules; 11. Consumption as the fourth stage of the economic process - Personal consumption and government consumption - Consumption, savings and investments; 12. Economic development - factors of successful development and obstacles to economic development, development problems of Croatia

Course learning outcomes

 recognize and describe the economic dimension of the life of an individual and society, and explain its role and significance in people's lives;  understand and explain the role and significance of the science of Political Economy in the economic and other dimensions of society's life, its nature and relationship to other economic disciplines (sciences) and social sciences,  understand and explain the structure of human needs and their role in the life of an individual and society, and understand and explain the operation of the "law of scarcity",  briefly describe the economic history of the human species, identify the main periods within economic history and their characteristics,  recognize the most important trends in the development of economic thought throughout history, and the most important economic theorists (economists) and schools of economic thought,  understand the process of material reproduction of society (economic process) and identify the basic elements of each of the four stages within the material reproduction of society (economic process),  understand and explain ek. phenomena, processes and relationships in the production phase,  understand and explain ek. phenomena, processes and relationships in the distribution phase,  understand and explain ek. phenomena, processes and relationships in the exchange phase,  understand and explain ek. phenomena, processes and relationships in the consumption phase,  recognize and express economic and other factors of successful economic development of society, as well as obstacles to strong economic development,  to understand, judge and evaluate the national and global level of the currently reached level of economic (economic, economic) development,

TEACHING METHODS
☑ Lectures
☑ Seminars and workshops
☐ Exercises
☑ Independent tasks
☑ Multimedia and internet
☐ Distance education
☑ Office hours
☐ Laboratory
☐ Field work
☑ Mentoring work
☑ Knowledge test
EXAMINATION PROCEDURE
☑ Oral exam
☑ Written exam
☑ Colloquium
Other:
ADDITIONAL FACTS
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LIST OF LITERATURE FOR STUDIES AND EXAMS
Required reading
Stjenko Vranjican. Politička ekonomija. 2007. Pravni fakultet u Zagrebu
Optional reading
Rajko Odobaša. Kompendij iz Političke ekonomije. 2021. on-line udžbenik