PROGRAM

Undergraduate track program: Economics and Econometrics

1. Olympiad winner’s skill set

To excel in the Olympiad, a strong theoretical foundation is essential, demonstrated through the
ability to solve problems at various levels, including:

 Analyzing the functioning of socio-economic systems and their financial support.

 Forecasting future trends and managing the study object based on probabilistic
approaches.

Additionally, proficiency in the following skills is crucial:

 Collecting and processing statistical micro or macro data.
 Applying mathematical knowledge.
 Utilizing critical thinking and analytical skills.
 Understanding economic principles and their application.

2. List of degree programs

2.1 List of bachelor’s programs

38.03.01 Economics
38.03.02 Management
38.03.05 Business Informatics
38.03.06 Commerce
01.03.05 Statistics

2.2. List of Specialist Programs

38.05.01 Economic Security

38.05.02 Customs Business

3. Program Content

Finance:
Social Studies
Topic 1: Finances and financial system.
1. Financial markets, types and functions.
2. Stock market.
3. Financial institutions.
4. Banks. Banking system. Central Bank: tasks and functions.
5. Monetary policy.
6. Money aggregates. Money supply and monetary base. Money multiplier.
7. Financial services. Deposits and loans.
8. Digital financial services. Financial technology and financial security. Digital financial assets.
9. State budget. State budget deficit and surplus. The principle of balancing the state budget.
Public debt.
10. Personal budget and economic rationality of its formation.
11. Methods and sources of financing of enterprises. Indicators of the firm's activity.
Maths
Topic 2: Financial Calculus.
1. Using fractions and percentage to solve applied problems from various branches of knowledge
and real life.
PROGRAM

2. Approximate calculations, rounding rules, approximation and estimation of the result of

calculations.
3. Degree with integer exponent. Arithmetic root with natural degree. Operations with arithmetic
roots of natural degree.
4. Identities and identity transformations.
5. Equation, solution of equation.
6. Inequalities, solution of inequalities.

Economic theory
Social Studies
Topic 1: Introduction to economic theory.
1. Economics as a science and as an economy.
2. Needs and their types.
3. Social institutions. Property as a basic economic institution.
4. The institution of entrepreneurship and its role in the economy.
5. Types of economic systems and society.
Topic 2: Microeconomics
6. Market. Market mechanism and pricing.
7. Demand and supply. Their main factors.
8. Giffen's goods and the Veblen effect.
9. Markets of factors of production: labour, capital, land, information.
10. Competition as a basis of market functioning. Types of market structures.
11. Enterprise (firm) in the economy. Objectives of the enterprise functioning. Economic goals of
the firm.
12. Production. Factors of production and factor incomes.
13. Alternative cost. Methods and sources of financing of enterprises.
14. Costs, their types.
Topic 3: Macroeconomics
1. The state in the economy. Imperfections of markets.
2. Economic growth and ways of its achievement.
3. Measurement of economic growth.
4. The concept of economic cycle. Phases of the economic cycle.

Regional and sectoral economics

Social Studies
Topic 1: Regional Economy
1. The influence of a region's resources on its economic development.
2. Spatial organisation of the national economy.
3. Economic specialisation of regions.
4. Main factors influencing to the development of the region.
5. Economic resources and regional specialisation.
Topic 2: Sectoral economy.
1. Industry: concept and types.
2. Types of branch markets
3. Sectoral peculiarities of production resource utilisation.
4. Factors of production that determine the level of development of the industry.
5. Technological progress and development of industries.
6. Industries of specialisation and regional economy.
7. Competitiveness of manufacturers of industrial products.
8. Economic resources and specialisation of industries.

World economy
PROGRAM

Social Studies
Topic 1: Basic elements of the world economy.
1. World economy. The concept and factors affecting the world economy.
2. Participants of the world economy: developed and developing countries in the world economy,
international organizations, integration associations, TNCs.
3. Indicators of the development of the world economy.
4. The concept, trends and factors of international division of labour.
5. Basic forms of international economic relations
Topic 2: World Trade
1. World trade. Basic concepts, indicators, principles, factors.
2. Scale, structure and trends of international trade.
3. Exports and imports of goods and services. Indicators of world trade development.
4. Benefits and losses from participation in international trade.
5. State regulation of foreign trade.
6. Territorial structure of the world economy and spatial specialisation. Resources in the world
economy.
7. The concept of trade policy, liberalism and protectionism, tariff and non-tariff methods of
foreign trade regulation, the role of the WTO in the regulation of international trade.

Mathematical, statistical and instrumental methods in economics

Mathematics
Topic 1: Mathematics and the basics of probability theory.
1. Function and its basic characteristics. Graphs of functions. Extremum of a function.
Monotonicity of a function.
2. Integer, rational, irrational, exponential and logarithmic equations and inequalities.
3. Derivative of a function. Derivatives of elementary functions.
4. Descriptive statistics.
5. Events, trials, probability, probability, random event, impossible and credible event.
6. The concept of classical probability.
7. Finding the probability of a random event using the definition of classical probability.
8. Finding the probability of the sum of events.
Social Studies
Topic 2: Basics of economic statistics
1. Data generated by participants of economic relations.
2. Indicators of the firm's activity in the system of economic relations.
3. Indicators of market activity in the system of economic relations.
4. Economic indicators of consumer behavior in the system of economic relations.
5. Basic macroeconomic indicators: gross national product (GNP), gross national income (GNI).
6. The relationship between the indicators of GDP and GNI.
7. Real and nominal gross national income.
8. Macroeconomic indicators and quality of life.
9. Inflation and its measurement.
10. Basic demographic indicators and the labour market.

4. 4. Recommended References
4.1. Reading List

Finance

Sources in English Topic

1. Melicher R., Norton E. Introduction to Finance, Topic 1. Finance and financial
Markets, Investments, and Financial Management. USA, system.
PROGRAM

Wiley, 2020. 690 p. URL:

https://archive.org/details/introductiontofi0000meli_b6l
6/page/n3/mode/2up (free access)
1. Mitsel A. A. Basics of Financial Mathematics. Topic 2. Financial calculations.
Tomsk. Natioanal research Tomsk University, 2012. 145
p. URL: https://www.infobooks.org/pdfview/6938-
basics-of-financial-mathematics-a-a-mitsel/ (free access)
2. Rabbior G. A Guide to Financial Literacy. Topic 1. Finance and financial
Toronto: Canadian Foundation for Economic Education, system.
2018. 223 p. URL:
https://www.infobooks.org/pdfview/a-guide-to-
financial-literacy-gary-rabbior-46/ (free access)

Sources in Russian Topic

1. Brekhova Yu.V., Almosov A.P., Zavyalov D.Yu. Topic 1. Finance and financial
Financial literacy Module "Financial risks": materials for system.
students of grades 10-11 of comprehensive schools,
2018. 80 p. URL: https://xn--90ahkin7a2a.xn--
80aaeza4ab6aw2b2b.xn--
p1ai/active_textbooks/19#page3 (free access)
2. Menshikov S.M., Financial Literacy: Materials Topic 1. Finance and financial
for Students of Grades 10–11 of the omprehensive system.
schools. Module “Stock Market”, 2019. 148 p. URL:
https://xn--90ahkin7a2a.xn--80aaeza4ab6aw2b2b.xn--
p1ai/active_textbooks/106#page3 (free access)
3. Solodkov V.M., Belousova V.Yu. Financial Topic 1. Finance and financial
literacy: materials for students of grades 10–11 of system.
comprehensive schools. Module "Banks", 2019. 152 p.
URL: https://xn--90ahkin7a2a.xn--
80aaeza4ab6aw2b2b.xn--
p1ai/active_textbooks/88#page3 (free access)
4. Financial Literacy: Materials for Students. 10–11 Topic 2. Financial calculations.
Grades of General Education Organizations
Mathematical Profile, 2018. 96 p. URL: https://xn--
90ahkin7a2a.xn--80aaeza4ab6aw2b2b.xn--
p1ai/active_textbooks/4#page3 (free access)

Economic Theory
Sources in English Topic
1. Greenlaw Steven A.. Principles of Economics 2e. Topic 2. Microeconomics.
– 2 nd ed. OpenStax, 2017, 974 p. URL: Topic 3. Macroeconomics.
https://www.infobooks.org/pdfview/15837-principles-
of-economics-2e-steven-a-greenlaw/ (free access)
2. Kishtainy Niall, Abbot George, Farndon John, Topic 1. Introduction to economic
Kennedy Frank, Meadway James, Wallace Christopher, theory.
Weeks Marcus. The Economics Book: Big Ideas Simply
Explained - DK Publishing, 2012. 351 p.
URL: https://archive.org/details/1.-the-economics-book-
big-ideas-simply-explained-by-dk-niall-kishtainy-
george-
ab/1.%20The%20Economics%20Book%20%28Big%20
PROGRAM

Ideas%20Simply%20Explained%29%20by%20DK%2C
%20Niall%20Kishtainy%2C%20George%20Abbot%2C
%20John%20Farndon%2C%20Frank%20Kennedy%2C
%20James%20Meadway%2C%20Christopher%20Wall
ace%2C%20Marcus%20Weeks%20%28z-
lib.org%29/page/n5/mode/2up (free access)
3. McConnell Campbell R. , Brue Stanley L.. Topic 2. Microeconomics.
Economics: principles, problems, and policies - 17th ed. Topic 3. Macroeconomics.
McGraw-Hill. Irwin, 2008. 870 p. URL:
https://archive.org/details/mcconnell-brue-economics-
17th-edition/page/n867/mode/2up (free access)

Sources in Russian Topic

1. Bogolyubov L.N. Social Science. 11th grade, Topic 1. Introduction to economic
2014. – 335 p. theory.
URL: https://archive.org/details/11.-.-2014-
335/page/1/mode/2up (free access)
2. Bulatov A.S. Economy, 2003. 896 p. URL: Topic 2. Microeconomics.
https://studylib.ru/doc/3958493/bulatov.-e-konomika- Topic 3. Macroeconomics
2003 (free access)
3. Lyubimov L.L., Ranneva N.A. Fundamentals of Topic 2. Microeconomics.
Economic Knowledge, 2000. 496 p. URL: Topic 3. Macroeconomics
https://institutiones.com/download/books/3999-osnovy-
ekonomicheskih-znanii-lyubimov.html
(free access)

Regional and Sectoral Economy

Sources in English Topic
1. Cabral L. Introduction to industrial Topic 2. Sectoral economics.
organization. Cambridge, Mass. : MIT Press. 2017.
- 442p. URL:
https://studylib.net/doc/25937153/introduction-to-
industrial-organization.2ed.cabral.book17 (free
access)
2. Eberhard Faust, Joseph P. Hella, Surender Topic 2. Sectoral economics.
Kumar, Kenneth M. Strzepek, Ferenc L. Tóth, Denghua
Yan Key Economic Sectors and Services, 2018. 688 p.
URL:
https://www.ipcc.ch/site/assets/uploads/2018/02/WGII
AR5-Chap10_FINAL.pdf (free access)
3. Grinevich Youlia A.. Regional economy and Topic 1. Regional Economy.
policy. - Nizhny Novgorod: Lobachevsky State
University of Nizhni Novgorod, 2017. - 51 p. URL:
http://www.unn.ru/books/met_files/Regional%20Econ
omy%20and%20Policy.pdf (free access)

Sources in Russian Topic

1. Arbuzkin A. M. Social Science. Part One, 2018. Topic 1. Regional Economy.
— 312 p. URL:
https://edu.cnppm.ru/pluginfile.php/2811/mod_resourc
e/content/1/uchebnik1.pdf (free access)
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2. Chupina I. P.. Regional Economy and Topic 1. Regional Economy.

Management, 2021. 146 p. URL:
https://elar.rsvpu.ru/bitstream/123456789/38121/1/978
-5-8050-0716-4_2021.pdf (free access)
3. Lysenko, N. N. Economy of the industry, 2020. Topic 2. Sectoral economics.
– 282 p. URL: http://sakhgu.ru/wp-
content/uploads/page/record_85102/2020_10/Лысенк
о-Н.-Н.-Экономи-отрасли.pdf (free access)

World Economy

Sources in English Topic

1. Carbaugh Robert J. International Economics Topic 2. World trade

13e, 2008. 580 p. URL:
https://wyamaka.wordpress.com/wp-
content/uploads/2019/08/international-
economics_30.pdf (free access)
2. Dunn Robert M., Mutti John H. International Topic 1. World Economy
Economics 6e, 2004/ 539 p. URL: Topic 2. World trade
https://ndl.ethernet.edu.et/bitstream/123456789/6394/1
/78%20.%20Dunn%2C_Mutti.pdf (free access)
3. Krugman Paul R., Obstfeld Maurice, Melitz Topic 1. World Economy
Marc J. International Economics Theory & Policy Topic 2. World trade
Ninth Edition, 2012. 736 p. URL:
https://cdn.prexams.com/8978/International%20Econo
mics%20Theory%20and%20Policy%20Book%209th
%20Edition.pdf (free access)
4. World Economic Outlook 2023, 2023. 8 p. Topic 1. World Economy
URL: https://www.imf.org/en/Publications/WEO (free
access)
5. World Trade Statistical Review , 2023. 138 p. Topic 2. World trade
URL:
https://www.wto.org/english/res_e/publications_e/wtsr
_2023_e.htm (free access)

Sources in Russian Topic

1. Bulatov A.S., N.N. Liventseva. World Topic 1. World Economy
Economy, 2003. 734 с. URL: Topic 2. World trade
https://www.azstat.gov.az/Kitweb/zipfiles/11676.pdf
(free access)
2. Lomakin V.K. World Economy: a textbook for Topic 1. World Economy
university students studying in economic specialties Topic 2. World trade
and areas, 2007. 531 p. URL:
https://institutiones.com/download/books/531-
mirovaya-economica.html (free access)
3. Aleksandrov E.L., Kruglov V.N. World Topic 1. World Economy
Economy and International Economic Relations, 2017. Topic 2. World trade
– 112 p. URL:
PROGRAM

https://elib.fa.ru/fbook/Aleksandrov_1806.pdf/downlo
ad/Aleksandrov_1806.pdf (free access)

Mathematical, statistical and instrumental methods in economics

Sources in Russian Topic
1. Akimov D. V., Dicheva O. V., Shchukina L. B.. Topic 2. Principles of economic
Economics tasks: from simple to Olympiad ones, 2020. statistics
- 368 с. URL: https://studylib.ru/doc/6304607/akimov-
--zadachi-po-mikroe-konomike--mikre- (free access)
2. Aleshkovsky I. A. Mathematics in economics: Topic 1. Mathematics and basics of
economic and mathematical tasks of the entrance exam probability theory.
in social science, 2006. 80 с. URL: Topic 2. Principles of economic
https://studylib.ru/doc/2377819/matematika-v-e- statistics
konomike.---g (free access)
3. Algebra and basic mathematical analysis. Topic 1. Mathematics and basics of
Grades 10-11, 2016. 466 с. URL: probability theory.
https://www.utgt73.ru/uploads/rezetkina/366_2-
algebra-i-nach.-mat.-analiza.-10-11kl._alimov-sh.a.-i-
dr_2016-464s.pdf (free access)

Sources in English Topic

1. Grines V., Gurevich E., Pochinka O.. Topic 1. Mathematics and basics of
Precalculus/ Study book, 2012. 119 p. URL: probability theory.
http://www.unn.ru/books/met_files/precalculus.pdf
(free access)
2. Keller G. Statistics for management and Topic 2. Principles of economic
economics abbreviated. Mason. South-Western statistics
Cengage Learning, 2012. 244 p. URL:
https://gimmenotes.co.za/wp-
content/uploads/2017/07/STA1501-
_statistics_for_management_and_economics_9th_chp
_1-6.pdf (free access)
3. Zorine A.V. Eight lectures in probability theory Topic 1. Mathematics and basics of
and mathematical statistics. A course book, 2014. 108 probability theory.
p. URL:
http://www.unn.ru/books/met_files/PTMScoursebook.
pdf (free access)

4.2. Recommended Online Courses

Finance
Online course in Link Summary
English
1. An Introductory https://alison.com/courses/an- A brief course in the Basics
Course in Personal introductory-course-in-personal-finance- of Personal Finance
Finance and Credit and-credit/resources
(Alison)
2. Introduction to https://corporatefinanceinstitute.com/cour This course describes the
Banking (Corporate se/introduction-to-banking-course/ basic elements of the
Finance Institute) banking system.
PROGRAM

3. Financial Maths https://alison.com/course/financial-maths- This course immerses in

(Alison) revised basic financial
calculations.

Online course in Link Summary

Russian
1. ABC of https://www.lektorium.tv/finance This course helps to
Finance (lecture) acquire the necessary
knowledge and practical
skills, as well as improve
professional qualifications
in matters of investing and
personal finance
management.
2. Online https://dni-fg.ru/ The course includes
lessons on financial materials at basic and
literacy for advanced levels.
schoolchildren
(Bank of Russia)
3. Financial https://stepik.org/course/90544/promo?au The course covers ways to
Mathematics th=registration save and intelligently
(Stepik) distribute financial
resources based on
calculations and forecasts.

Economic theory

Online course in Link Summary

English
1. Introduction to https://www.coursera.org/learn/intro- The course includes several
Economic Theories economic-theories sections devoted to micro-
(Coursera) and macroeconomics.
2. Principles https://www.coursera.org/learn/microeco The course covers the basic
of Microeconomics nomics concepts of
(Coursera) microeconomics.
3. Public https://openedu.ru/course/hse/PUBECO This course provides an
Economics (Open NOM/?session=2023 introduction to the theory of
Education) public sector economics.

Online course in Link Summary

Russian
1. Institutional https://openedu.ru/course/hse/INSTEC/? This course helps in
Economics (Open session=2023 understanding institutions
Education) and their role in the economy
and society, a first look at the
rich, insightful and fruitful
field of economic analysis
we call institutional
economics.
2. Economics https://openedu.ru/course/hse/ECONO This introductory-level
(Open Education) M/ online course covers the
PROGRAM

most important and relevant

topics from the two branches
of economic theory,
microeconomics and
macroeconomics.
3. Macroeconomic https://openedu.ru/course/hse/MACREC The course covers the issue
s (Open Education) /?session=2023 of economics and analysis of
the current economic
situation and the policies.

Regional and Sectoral Economy

Online course in Link Summary

English
1. Beyond Silicon https://www.coursera.org/learn/entrepre The course examines the
Valley: neurship-development?action=enroll specifics of doing business
Entrepreneurship in transition markets.
Development in
Transition
Economies
(Coursera)
2. Developing https://www.coursera.org/learn/innovati This course examines how to
innovative ideas for ve-ideas recognize business
new companies: The opportunities based on
first step in market conditions and
entrepreneurship industry factors.
(Coursera)
3. Local economic https://www.coursera.org/learn/local- The course presents basic
development economic-development materials on regional
(Coursera) economics.

Online course in Link Summary

Russian
1. Economic https://openedu.ru/course/misis/ECN/?s The course presents the basic
Theory for Non- ession=spring_2024 concepts of organizing the
Economic Fields of production of goods and
Study (Open services.
Education)
2. Russian https://openedu.ru/course/hse/RUSSEC The course covers the history
Economy: Industries _1/?session=2022 of economic transformations
and Regions (Part 1) that have shaped the modern
(Open Education) Russian economy, an
analysis of the structure of
the Russian economy, and
the characteristics of
companies, industries, and
regions of our country.
3. Russian https://openedu.ru/course/hse/RUSSEC The course covers the
Economy: From _3/?session=2022 principles of zoning and
Regions to development of regions of
International Russia are presented.
PROGRAM

Markets (Part 1)
(Open Education)

World Economy

Online course in Link Summary

English
1. Business, https://www.edx.org/executive- This course includes a
International education/the-london-school-of-economics- module on business,
Relations and the and-political-science-business-international- production and
Political Economy relations-and-the-political- investment in the global
(Edx) economy?index=product&queryID=3b8135 economy.
b9b0d80b311bd4a9c4657e86e7&position=1
&linked_from=autocomplete&c=autocompl
ete
2. Fundamental https://www.edx.org/course/fundamentals- The course includes
s of Macroeconomics of- information on
(Edx) macroeconomics?index=product&queryID= international trade.
47d9260cb1bfebd0fb92c8bea7f86334&posit
ion=2
3. International https://www.edx.org/learn/macroeconomics/ This course provides a
Macroeconomics the-university-of-queensland-international- high level of
(Edx) macroeconomics?index=product&queryID= understanding of
25e2e088fadf71ecfb950aba9786be06&posit international
ion=15&results_level=second-level- economics, as well as
results&term=international+economics&obj trade balances and
ectID=course-d3546dd2-634d-4e23-b3fe- exchange rates.
eae95b72e132&campaign=International+M
acroeconomics&source=edX&product_cate
gory=course&placement_url=https%3A%2F
%2Fwww.edx.org%2Fsearch
4. Principles of https://www.edx.org/course/principles-of- The course includes
Economics (Edx) economics?index=product&queryID=47d92 some issues of the world
60cb1bfebd0fb92c8bea7f86334&position=1 economy, such as: gains
from trade and
international trade
policy (tariffs and
quotas).

Online course in Link Summary

Russian
1. State https://stepik.org/course/175452/promo?sear The course presents the
regulation of foreign ch=4673015629 basic rules of currency,
economic activity customs and tax
(Stepik) regulation of foreign
economic activity
2. Trade and https://www.coursera.org/learn/trade-and- This course examines
Investment: investment-policies-for-development theories of international
Evidence-Based trade, recent
Policies for developments in the
global economy and
PROGRAM

Development their impact on issues

(Coursera) related to developing
countries and emerging
markets.
3. Trade, https://www.coursera.org/learn/trade- The course includes a
Immigration and immigration-exchange-rates-globalized- module covering issues
Exchange Rates in a world of international trade,
Globalized trade policy, balance of
Economic World payments, etc.
(Coursera)

4. Theories of https://openedu.ru/course/hse/TEORVNESH The course examines the

foreign trade and TOR/?session=2023 evolution of foreign
trade policy (Open trade and is devoted to
Education) issues of analysis of
foreign trade and trade
policy
5. World https://stepik.org/course/122403/promo?sear The course introduces
Economy: Basics ch=4672976549 students to the stages of
(Stepik) development of the
global economy,
theoretical concepts, as
well as the concept of
economic growth, its
dynamics, trends and
problems that the global
economy faces at the
present stage.
6. World https://stepik.org/course/122447/promo?sear The course introduces
economy: subjects ch=4672976550 students to the main
and resources subjects of the global
(Stepik) economy, and provides
information on the scale
and proportions of such
economic resources as
human capital, financial
and real capital and
natural resources.
7. World https://stepik.org/course/122494/promo?sear The course introduces
Economy: Leading ch=4672976551 the features of the socio-
Member-Countries economic development
(Stepik) of the USA, EU member
states, developed
countries of Asia, China
and India.

Mathematical, statistical and instrumental methods in economics

Online course in Link Summary

English
PROGRAM

1. Algebra: From https://www.coursera.org/learn/algebra-i The course explores

Elementary to computational methods,
Advanced level - examining algebraic
Equations and dependencies and their
Inequalities properties, and applies
(Coursera) these concepts to model
real-world situations.
2. Probability https://openedu.ru/course/hse/probability_th This online course
Theory, Statistics eory_stat/?session=2022 introduces the essential
and Exploratory topics of probability and
Data Analysis (Open statistics, from the very
Education) basics to the level
needed to begin your
journey in data science.
3. Probability https://www.coursera.org/learn/probability- The course introduces
Theory: The theory-foundation-for-data-science the basics of probability
Foundation for Data theory and explains its
Science (Coursera) relationship with
statistics and data
science. Here you can
learn: such a probability
calculation, independent
and dependent
variables, and
conditional events.

Online course in Link Summary

Russian
1. Foundations https://openedu.ru/course/hse/AGBASE/?ses This course helps to
of Algebra and sion=2022 study all those
Geometry (Open mathematical topics that
Education) are not sufficiently
covered in schools, but
at the same time are
actively and almost
without reminders used
in the first years of
university mathematical
programs.
2. Mathematical https://openedu.ru/course/urfu/CALC/?sessi The course is devoted to
Analysis (Open on=spring_2024 the study of methods of
Education) differential and integral
calculus of functions of
a real argument, which
are a powerful tool for
solving problems in
physics, engineering,
medicine, economics,
statistics and other
fields.
3. Probability https://openedu.ru/course/hse/prob_theory/? The course contains
Theory and its session=2022 both theoretical material
PROGRAM

Applications (Open and analysis of practical

Education) tasks.
4. Unified State https://stepik.org/course/182288/promo The course contains an
Exam Mathematics overview of the rules,
PROFILE 2024 examples of their
(Stepik) application and
assignments for
practice.