Preparation for university olympiads in economics for grades 10-11 (course registration 2021-22) - free course from Foxford, training 20 lessons, Date: December 5, 2023.

Introduction to Economic Analysis
This section examines the basic principles used in decision making by both firms and consumers.
- Methods of economic analysis, taking into account alternatives
- Costs and profits: accounting and economic approach
- Sunk costs

Market mechanism
The section explains what a market is, discusses the behavior of buyers and sellers in the market, explains how to find market equilibrium, and take into account government intervention.
- Roles of agents in the market. Demand. Revenue. Offer. Market equilibrium
- State regulation of the economy
- Laffer curve
- Elasticity: calculation and application
- Tax burden

Analysis of the company and markets
The section studies the production process and costs, and solves problems on the topic. The behavior of a company under perfect competition, monopoly and monopolistic competition is considered.
- Production. Production analysis
- Perfect competition. Derivation of the firm's supply function
- Monopoly. Market power index. Price discrimination
- Monopolistic competition
- State regulation of monopoly
- Production Possibilities Curve (PPC). Trading Opportunity Curve (TPO)

Agent interaction
This section examines the basics of game theory and discusses how to solve oligopoly market analysis problems.
- Game theory. Strategies. Equilibrium
- Oligopoly. Oligopoly models

Factor markets
The section is devoted to the analysis of factor markets, and the labor market is discussed in detail.
- Labor market. Labor demand
- Monopsony

Finance. Investments
The section talks about finance, securities: types of assets, profitability and risks of assets. Discounting is considered: the time factor is taken into account when making financial decisions in theory and in life.
- Intertemporal choice. Discounting
- Securities. Profitability

Market failures
A section on why the market does not always allocate resources efficiently. It examines what external effects are and how their presence affects the state of the market, which causes the problem of producing public goods, and what the danger of information asymmetry is.
- External effects
- Market for public goods

Income inequality
This section is about income inequality and how it is calculated. It's also about how inequality affects the economy.
- Income inequality
- Lorenz curve
- Gini coefficient

Basic tools of macroeconomic analysis
The section contains information about what basic tools are used for macroeconomic analysis and how they are interrelated. The model of flow circulation, the structure of GDP and other topics are considered.
- Macroeconomic circulation. System of National Accounts
- Equation of the quantity theory of money
- Aggregate demand. Aggregate offer. Macroeconomic equilibrium
- Economic cycles

Main macroeconomic problems in the short term
The section examines the problems of macroeconomics in the short term: economic fluctuations, unemployment and inflation. The reasons for their occurrence and solutions are discussed.
- Unemployment
- Inflation

Money. Banks. Animation
The section talks about the money supply and the process of its formation, and analyzes the mechanism of monetary multiplication.
- Structure of the money supply: cash and deposits
- Bank reserves. Banking and money multipliers

The state budget. Taxes. State debt
The section describes how the state budget is formed, how it affects the regulation of the economy, and discusses the problems of public debt.
- Structure of the state budget
- Taxes. Animation in fiscal policy
- Regulation of the economy with fiscal instruments

State macroeconomic policy. The economic growth
The section is devoted to macroeconomic policy in the short and long term: macroeconomic stabilization and economic growth.
- Monetary policy and its instruments
- Fiscal policy and its instruments
- Analysis of economic growth indicators
- Factors of economic growth