Početna Undergraduate StudiesSocial Policy and Social WorkFourth year of studies – Social PolicyContemporary Political Economy

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Contemporary Political Economy

  • Study programme/study programmes: Social Policy and Social Work – module Social Policy
  • Type and level of studies: Undergraduate academic studies
  • Name of the course: Contemporary Political Economy
  • Teacher (Surname, middle initial, name): Prof. Branko A. Vasiljević; Vladimir M. Stanković
  • Status of the course: Compulsory
  • Number of ECTS: 8
  • Teaching methods: Lectures, exercises, two tests
  • Number of classes:4+1

Aim and outcome of the course

Contemporary political economy studies the economic form of organization of contemporary society, with an aim to determine its motivating factors and tendencies of growth. By using modern economic theories, it analyzes the facts of economic life and offers value judgments pertaining to activities and relations of economic factors, tackling also the borderline fields of political sciences. Contemporary political economy is presented is micro-economic aspect through categories referring to production units, consumers’ behavior, market and market structures and market balance, and in macro-economic aspect in categories of reproduction of economy, cycles, development, money and loans, employment, influence of state, international process of reproduction and contemporary financial market.

Student shall master categorical apparatus of microeconomic and macroeconomic analysis, as well as basic assumptions for formulation and applications of measures of economic policy.

Content of the course
Theoretical teaching

Introduction, Basic categorical definitions and methodological foundations of contemporary political economy, Review of contemporary economic theories, Development and fate of capitalism, Contemporary theories of production, Contemporary exchange and monetary theories, Theories of market structures, Contemporary theories of distribution, Theories of market balance and reproduction, Contemporary theories of growth and development, Monetary policy and theories of inflation, Fiscal policy and theories of unemployment, Financial market and theories of uncertainty and risk.

Practical teaching: Exercise, Other modes of teaching, Study research work


а) basic

1. Prof. Branko Vasiljević: Lekcije iz savremene političke ekonomije, 2nd edition, Zavet, Belgrade, 2008 (selected chapters), 300 pages

b) additional:

  1. Dž.M.Kejnz: Opšta teorija zaposlenosti, kamate i novca, Kultura, Zagreb, 1956 (final chapter) /J.M.Keynes, General Theory of Employment, Interest and Money/

Milton Fridman: Kapitalizam i sloboda, Global buks, Novi Sad, 2001 (selected chapters) /Milton Friedman, Capitalism and Freedom/

Assessment of knowledge

Pre-examination commitments

  • Colloquim(a) 60

Final examination

  • Oral examination 40