Udžbenik je podijeljen u tri osnovna dijela. U prvom dijelu se studenti uvode u ekonomsku znanost. Izlaže se geneza razvitka ekonomske teorije i zakljucuje sa stanjem ekonomske znanosti u suvremenim uvjetima. Drugi dio sadržava pet poglavlja i u njima se studentima izlažu osnove ekonomske analize. Zakljucni dio izlaže osnovnu institucionalnu strukturu tržisnog drustva. Pristup i metodska obrada gradiva je izrazito suvremena, prilagođena korisniku.

Economics, second edition

The goal of the paper is to do research of adequacy of the discounting method apply of future results for the evaluation of capital value in dairy industry, on an individual case. Appraisal of the capital value is a complex procedure of researching, studying, analysing and evaluating numerous factors, which have an effect on an enterprise’s value. The appraisal of the dairy capital value from the Pester plateau was presented in the paper. Need for assessment was the change of the dairy’s ownership structure. The selected value context in evaluating the enterprise value was “a fair value”, while there was applied an output approach i.e. the future results discounting method, because it was about an enterprise that continued to operate. Discounting the future expected outputs represents a current value of future expected outputs with a discount rate, which reﬂects uncertainty resulted by the expected yields. According to this paper’s results, there has been established that the discounting methods of DCF future results can successfully apply in the dairy capital evaluation that continued to operate.

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Appraisal of the dairy capital value on the territory of the pester plateau

In modern living conditions, consumers have access to a greater offer of food products than ever before. In addition to local food products, the growth of foreign food products is noticeable, which signifcantly intensifes competition in this sector. The paper analyzes whether and how national identity and prestige affect the assessment of local food products and whether this assessment affects readiness to buy them. The research objective is to show whether national identity inﬂuences the purchase of local food products among consumers in Serbia, and whether prestige is important for the purchase process, as is the case with other product categories. The main research results indicate that the prestige factor has an impact on the assessment of both local and foreign food products, while the national identity factor has an impact only on local food product assessment. Also, research results indicate that food product assessment has an impact on the purchase of both local and foreign food products.

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Prestige and national identity as predictors of food products purchase

Agriculture as an economic activity depends heavily on living organisms and ecosystems for its vulnerability of nature and therefore the environment has become a common global problems of the modern world. International legislation in the feld of environmental protection has not yet reached the level that would allow a peaceful life for all people and all living creatures on our planet. During this research various methods of scientifc research were used in the breakdown of complex categories, methods of specialization and after synthesis elaboration, different conclusions were formed. On the basis of the aim of this paper, the methods are chosen which by their combination enable the quality realization of the research.

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Natural resources protection strategies important for agriculture in the international community and republic of serbia

The analysis of the effects of applying the concept of
sustainable development in retail has been attracting interest
recently. In that context we have considered greenhouse
gases emission in retail. This is achieved by using modern
ecological technology in business – through the whole food
value chain. The goal is to achieve the planned reductions
of carbon dioxide in retail food, which positively reflects
the overall performance of food retailers. This empirical
research is mainly based on the analysis of the original
sustainable reports officially disclosed by selected food
retailers. These reports are now an integral part of the
integrated reporting on performance of global food
retailers. Having been universally important, harmonized
regulations on sustainable retail food reporting are being
increasingly applied as a data source for more efficient
environmental management. In the future, this will enable
the comparative analysis of the carbon dioxide emission of
global and other food retailers.

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Carbon dioxide emissions in retail food

Sustainable development is development that meets the needs of the present, without compromising the ability of future generations to meet their own needs. Sustainability indicators are based on the attempt to measure or determine the path of development of the economy in two directions: sustaining human wellbeing, or preserving the capacity to provide wellbeing. The research has been conducted to assess sustainability in the Southeast Europe, represented with a group of 10 countries with the 15 multi-metric indicators. A cluster analysis was performed on the set of indices to check the formation of distinctive clusters. Albania, Bosnia and Herzegovina, Macedonia, Montenegro and Serbia constitute frst cluster, proving small differences among data. Second cluster consists of Bulgaria, Croatia and Romania, while last cluster consists of only Greece and Slovenia.

/pdf/assessing-sustainability-of-the-southeast-european-economies-2jonvelgj7.pdf

Assessing sustainability of the southeast european economies

The standard way to measure economic success is by measuring economic growth, as the sole goal of the economic policy based on the principles of neoclassical economics. Growth, together with the enlargement of the material base, is inevitable in order to increase employment and provide preconditions for development and technological advancement. Conventional indicators of the economic performance, such as a net national product, reflect consumption rather than sustainable income, as it determines the amount that can currently be used, without reducing the stock of capital. Conventional net national product or Hicks income will underestimate sustainable income in a model with explicit knowledge as a form of capital. When knowledge, not validated by the market, as a type of capital stock, is not included in capital accumulation accounts, sustainable income will vary even from the most accurately measured net national product.

/pdf/the-problem-of-defining-and-measuring-sustainable-income-2vb319mh7r.pdf

The problem of defining and measuring sustainable income

In order to analyze simple and complex models of market, market equilibrium and market efficiency, this article considers a more complex and realistic market model with the existence of public goods. This topic is the subject of attention of many scientists, but only recently has it been possible to apply these models on real life situations and verify their correctness and justifiably. To understand the problems of the existence of public goods on the competitive market better, first one should first understand the nature and characteristics of public goods. Having derived Pareto efficiency criterion with the presence of public goods, the article attempts to answer the question whether there is an economy where competitive behavior may result in an efficient solution.

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Pareto efficiency in the model of economy with public goods

Each specific economic growth rate indicates relevant characteristics of current development, but also reflects the chances for achieving satisfactory future growth rate. Therefore, it is about a general interdependence and law of growth rate convergence. The main objective of this paper is to show that substandard growth could, sooner or later, result in the economic slowdown, and that the temporary growth acceleration can be achieved at the expense of the long-term growth rate. Scientific instruments applicable for achieving this research goal are the method of scientific analysis, historical method and the method of comparative analysis, as well as a number of techniques in the form of modern information resources. A key result of this paper is that all growth rates of endogenous production factors, without increasing the efficiency of resource use, are converging to the arithmetic mean of exogenous production factors growth rates. Therefore, the growth rate can be significantly increased at the expense of its quality and the substandard growth contains the 'germs of its own limiting'.

/pdf/determination-of-the-economic-growth-rates-by-the-growth-3nbab7xfo7.pdf

Determination of the economic growth rates by the growth quality

The subject of research in this paper is the analysis and presentation of data on agricultural holdings, the structure of available and utilized area. The main goal is to determine and explain more comprehensively and in detail, by using appropriate methods, and based on available data, the condition of utilized agricultural area and its characteristics by utilization categories and ownership structure of holdings. The importance of this research arises from the fact that the results on utilized agricultural area can be used to adopt appropriate measures and undertake certain activities in land and overall agricultural and rural policy related to sustainable utilization, arrangement and protection of agricultural land and more balanced integrated development of rural areas, as well as to find better solutions in the field of utilization, ownership sector and conditions of agricultural area management.

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Nada Trivić

Papers

Assessing sustainability of the southeast european economies

The problem of defining and measuring sustainable income

Pareto efficiency in the model of economy with public goods

Determination of the economic growth rates by the growth quality

Available agricultural areas and ownership structure of holdings in the republic of serbia