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 Ukraine and the Black Sea basin
 Kherson and the
region's communities
 Kherson State
Technical University
 Global Economic
Relations Faculty
 American Studies and
the Global Economy
 Entrepreneurship
 Management

American Studies in the English-language section of the Global Economic Relations curriculum at Kherson State Technical University is given in the first semester of the first year, to entering students. Students become acquainted with the United States, its geography, history, politics, economic system, businesses, culture and more.

Applied Economics is studied by first-year students in the second semester. This course includes:

   Chapter 1: What is Economics?
   Chapter 2: The American Economic System
   Chapter 3: Supply, Demand and Market Price
   Chapter 4: The Consumer In Our Economy
   Chapter 5: Launching a Business
   Chapter 6: Financing a Business
   Chapter 7: Production and Productivity
   Chapter 8: How Firms Compete

Click on any chapter above to see its overview.

Where in the world we are ...

Participate in CoNet Kherson to share ideas about education and business development!

in "KHERSON" education & business topics such as:

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The following links in Business Development in Ukraine may help identify resources or support for projects:

| Peace Corps | Sister Cities | Small Businesses | USAID (Agency for International Development) | Democracy Net |

| British Know-How | European Union TACIS | Eurasia Foundation | NewBizNet in Ukraine | NGOs Network |

Who in the world we are...

Class of 2004 , row 1: Nastia Gurina, Valentina Slavinskaya, Olga Grenko, Roman Shtovba, Olga Volkova, Elena Morozova, Yulia Kasperovich; row 2: Angela Gorovaya, Yulia Rudakova, Olga Troctenyuk, Irena Franchuk, Elena Ilina, Katerina Chaplinskaya, Irena Dranstan, Andrew Zhikharev; row 3: Taras Panasyuk, Steven Skobenyuk, Alexey Dzhus, Dmitry Bagriy, Maria Samay, Phillip Yakovlev, Oleg Zuyev, Alexey Kurbanov; absent: Ivan Bogatov

When reading the Applied Economics text, look for answers to the questions shown in each chapter's Overview below:

Chapter 1: What is Economics?

What is "scarcity" and why must all societies deal with it?

Why is economics sometimes called "the study of scarcity and choice"?

What are trade-offs and opportunity costs?

Why should everyone understand basic economics?

What are the factors of production?

How do different economic systems solve the problem of scarcity?

Chapter 2: The American Economic System

How does the American economic system answer the What, How, and Who questions?

Why are private property, the price system, and competition called the "pillars of free enterprise"?

How do profits and other incentives keep the economy moving?

What is the role of government in the American economic system?

How does the exchange of money for goods and services create a "circular flow" among households, businesses, and government?

How are our economic goals a yardstick that measures the achievements of the American economic system?

Chapter 3: Supply, Demand and Market Price

What roles do prices play in a market economy?

What affects the demand for goods and services in a market economy?

What affects the supply of a particular good or service?

How do price, demand, and supply interact?

How do shifts in demand and supply affect prices?

Chapter 4: The Consumer In Our Economy

What are the resources of personal wealth?

How do personal budgets, banks and other financial institutions, consumer credit, and insurance plans help you use your money wisely?

What are some techniques advertisers use to sell their products, and how can you make wise consumer choices?

How do governments and private agencies protect consumers?

Chapter 5: Launching a Business

What are the challenges and rewards of entrepreneurship?

What is the role of small business in the American economy?

What are the advantages and disadvantages of sole proprietorships, partnerships, and corporations?

How are large corporations organized?

What are the responsibilities of owning and operating a business?

Chapter 6: Financing a Business

How do businesses get the money they need to operate and grow?

How is the cost of borrowing calculated?

How and why do some people trade in stocks and bonds?

How does the government regulate the sale of securities?

How do you read a balance sheet and income statement?

Chapter 7: Production and Productivity

How do changes in production affect living standards?

How are productivity and production related?

How can productivity and quality be improved?

Why do production costs change as output changes?

Chapter 8: How Firms Compete

How do consumers benefit from competition?

How do perfect competition, monopolistic competition, oligopoly, and monopoly differ from one another?

How does marketing promote competition and help provide the goods and services consumers need and want?

Why are certain types of monopoly legal?

How has the federal government regulated monopoly and encouraged competition?