1. Introduction. 2. Economic theories 3. The economic problem (the curve of production capacity, the economic circuit, the functions of the economic system, the role of the State). 4. The theory of utility 5. The demand and supply of goods (price determination, prices and production in perfect competition, monopoly, etc.). 6. Functioning of markets under perfect competition 7. State intervention – Objectives and means 8. Gross Domestic Product 9. Price indices: Calculation, Consumer Price Indices. Deflation 10. Introduction to macroeconomic analysis (consumption, savings and investment functions; unemployment and inflation). 11. The Theory of International Trade 12.The key features of European integration 13. Iterations & exercises lecture