Economie Mondială I

Synopsis

The textbook for the first semester of the course Economie Mondială, taught in the first year of the International Relations and European Studies programme at the Faculty of History, University of Bucharest. Before tackling trade, crises, money and development, the world economy has to be understood as what it is: billions of markets linked across borders. This volume therefore builds the microeconomic foundation, following the sequence of Cowen and Tabarrok's Modern Principles and of the Marginal Revolution University course, in Romanian and with Romanian and European examples throughout.

Sixteen chapters move from reading the world in numbers and thinking like an economist, through comparative advantage, supply and demand, elasticity, taxes and subsidies, the price system, price controls and externalities, to the firm under competition, monopoly, price discrimination, game theory, labour markets, public goods and, finally, public choice. Each chapter opens with a story (the rats of Hanoi, the Salt March, Diocletian's price edict, the Christmas Truce, the collapse of the Atlantic cod), pairs the theory with a Romanian or European case and an international-relations bridge, and, wherever other textbooks cite only market failure, adds a concrete case of government failure.

Every chapter ends with key terms, main ideas, exercises and a reading list whose video lessons point to the Romanian courses on lectiideeconomie.ro. The volume closes with a full answer key, a glossary and an index.