Economic Archive

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  ECONOMIC THEORY AND POLITICS OF REGIONAL DEVELOPMENT: ONE VIEW OF THE ORIGIN AND TRANSFORMATION

  Economic development, as the original (natural) aspiration and primordial need of every individual, as well as society as a whole, has its own regional aspect in addition to the national one, which, under the influence of numerous factors, always takes place and is realized as an uneven development. The unevenness of regional development is, ... Economic development, as the original (natural) aspiration and primordial need of every individual, as well as society as a whole, has its own regional aspect in addition to the national one, which, under the influence of numerous factors, always takes place and is realized as an uneven development. The unevenness of regional development is, therefore, constant, that is, its existence represents a general legality. In conditions where development takes place as a spontaneous and not as a socially directed process, unevenness leads to the appearance of large regional differences. That is why there is a permanent need to study regional development, and this need is becoming more and more relevant every day. This is, first of all, the result of the fact that during many years of research it has been confirmed that regional development, due to its importance and impact on overall socio-economic flows, quite justifiably represents one of the central areas of interest of economic science. In addition, the topicality of the study of regional development is growing as a result of the emergence and presence of large regional differences in the economic reality of many countries, regardless of their level of development. Over time, in accordance with changes in the global environment, socio-political, and on that basis, economic systems, the way of observing and understanding regional development has also changed. Starting from the above-mentioned positions, the goal of the research is to, based on relevant theoretical knowledge, look at the origin and development trends of the theory and policy of regional development.

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  METHODOLOGICAL ASPECTS OF TEACHING CIRCULAR ECONOMY

  Circular economy is a new area of academic knowledge, which requires the development of both new learning content and elaboration of the methodology used in teaching the subject matter. This paper supports the view that the educational process comprises several key components that work together to facilitate effective teaching and learning. These ... Circular economy is a new area of academic knowledge, which requires the development of both new learning content and elaboration of the methodology used in teaching the subject matter. This paper supports the view that the educational process comprises several key components that work together to facilitate effective teaching and learning. These components may vary depending on the broader context and the specific objectives and approaches used. Thus, when planning the circular economy teaching process, it is essential to formulate what we want to achieve (learning objectives) in the specific context of the subject taught. On this basis, the paper aims to present in a discussion plan the main components of the methodology for academic teaching on the problems of the circular economy.

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  STABILIZATION ROLE OF THE MACROECONOMIC POLICY DURING THE COVID-19 CRISIS

  The article presents an analysis of the role of macroeconomic stabilization policy during the economic crisis caused by the COVID-19 pandemic. The analysis covers both monetary and fiscal policy using data on macroeconomic activity, inflation, the severity of restrictive measures, the level of uncertainty, the degree of financial stress on the ... The article presents an analysis of the role of macroeconomic stabilization policy during the economic crisis caused by the COVID-19 pandemic. The analysis covers both monetary and fiscal policy using data on macroeconomic activity, inflation, the severity of restrictive measures, the level of uncertainty, the degree of financial stress on the financial system, etc. It tests two hypotheses formulated as follows: Hypothesis one is that considering the specific characteristics of the COVID-19 exogenous shock, there was a need for a quick and decisive response by means of a macroeconomic stabilization policy. The second hypothesis asserts that expansionary macroeconomic policies played a key role for the recovery of the economies from the COVID-19 recession and their subsequent growth. Both hypotheses are confirmed.