Economics

This publication allows the reader to understand the basic concepts, principles, and consequences of decision-making by economic agents at both the microeconomic and macroeconomic levels. It provides a fundamental framework and tools for analysing this behaviour. The microeconomic section is based on an analysis of household and firm decision-making and primarily presents the essence of price formation in markets for goods and services, as well as in labour and capital markets. This explanation is followed by the macroeconomic section, which provides an interpretation of basic macroeconomic analysis concepts, relationships, and tools.