Кто читает:: Департамент финансового менеджмента

Статус:: Курс обязательный

Когда читается:: 1-й курс, 1, 2 модуль

Преподаватель

Зухба Даур Сергеевич

Full Syllabus

Abstract

*The course examines microeconomic concepts and theories, as well as the knowledge based on them about the results of modern scientific developments and current business practices. Particular attention is paid to the consideration of aspects of management activities that link microeconomic processes with the ethics of doing business, its social responsibility, sustainable development issues and international aspects of entrepreneurship. Examples of Russian and foreign companies in the conduct of international business are considered, which allows students to form an understanding of the features of economic decision-making in the modern international environment. The practical orientation of the Microeconomics course involves the formation of skills and abilities that are relevant in the future professional activities of managers and entrepreneurs in international markets. In particular, the ability to make management decisions for economic entities based on the analysis of the ratio of their benefits and costs, the marginal approach and other modern microeconomic concepts. The most important skill, formed as a result of the systematic study of the Microeconomics course, is the search and evaluation of new market opportunities and the creation of a business idea. Forms of control include written work, case solving, group project work (independent research by students of market structures in their chosen industry and aimed at developing managerial decision-making skills) and an exam.

Learning Objectives

The goal of mastering the discipline • The goal of learning the discipline "Microeconomics" is to master the basic concepts of microeconomic science for students for subsequent practical use in international business activities. The objectives of the course are to: - introduce the basic concepts of microeconomic theory; - to study the theoretical and methodological principles of microeconomic analysis; - to form basic skills in applying the methods and tools of microeconomic analysis; - develop the ability to make informed management decisions based on a systematic understanding of the complex of microeconomic factors that affect business development.

Expected Learning Outcomes

analyzes the causes and consequences of microeconomic decisions in the current business practice using the concepts of transaction costs, inernational economics, institutional and evolutionary approaches, game theory and other modern concepts
Demonstrates, evaluates and explains the Frontiers and Development of Modern Microeconomics
determines the causes and consequences of the existence of market externalities based on the analysis of marginal external benefits and costs, calculates the price of goods in the «lemon» market
determines the economic feasibility of using the factor of production and the choice of technology, calculates the price of the factor of production, justifies the choice of the employee regarding work and rest
determines the size of individual and market demand and supply; analyzes their dynamics under the influence of price and non-price determinants; calculates the price and cross elasticity of supply and demand
calculates the optimal output volumes of competitive and non-competitive enterprises; substantiates the pricing policy of the enterprise in conjunction with the degree of product differentiation and the industry-wide situation
calculates production costs and performs economic justifications for choosing the minimum effective size of the enterprise and the optimal capacity of the operating enterprise
analyzes the impact of opportunity costs; builds a production possibilities curve
determines (analytically and graphically) the optimal consumer set

Course Contents

Section 1: Economic theory and its importance for business practice
Section 2: Consumer Choice Theory
Section 3: Market Demand and Supply
Section 4: Producer Theory
Section 5: Microeconomic Theory of Market Structures
Section 6: Market of Factors of Production
Section 7: General Market Equilibrium and Its Disruption
Section 8: International Microeconomics.
Section 9: The Frontiers and Development of Modern Microeconomics

Assessment Elements

Classroom work 1: Written work 0.05
Classroom work 1: Written work 0.05 Conducted: 1 module 2023/2024, 2 module 2023/2024, Study period, Offline Assessed: 1 module 2023/2024 Description: Classroom work is measured by such indicators as the level of students' preparation, their activity at seminars (answers to questions, participation in discussions, speeches, problem solving), performance of audit mini-controls. Measurement criteria: Written auditorium work (mini-controls) takes place on tickets, including several types of tasks (tests, open-ended questions, graphic tasks, qualitative and calculation tasks). For each task in the ticket, the maximum number of points awarded for their implementation is used. The results (assessments) of written work are summarized and reflected in the teacher's journal in the "classroom work" section. The maximum score for classroom work for the entire semester is 100.
Test 1
Conducted: 1 module 2023/2024, Study period, Offline Assessed: 1 module 2023/2024 Retake: Possible Retake rules: A test missed by a student for a good reason (illness, scientific or educational team, participation in a conference, etc., documented in the study office), in agreement with the teacher, can be written by a student with a different academic management, taking into account the schedule. Measurement criteria: Control work is carried out on the StartExam platform. Time spent 80 minutes. For each task (theoretical test, task, graphic task, etc.), the maximum number of points is indicated. Points are calculated automatically. The maximum score is 100.
Research project
Research project: Project 0.1. Conducted: 1 module 2023/2024, 2 module 2023/2024, Study period, Offline Assessed: 1 module 2023/2024 Measurement criteria: The project is an independent study of the goods (services) market. Performed in a team of 5 people. The composition of the team members provides students on their own. The accrual of points at each stage occurs on a team basis and is calculated between the participants independently, making a contribution to everyone. The maximum number of points in a team is 500 (based on 100 points per participant) for all timely completion of tasks. Evaluation of the timely completion of all stages of the project of the ninth teacher, leading the seminars, with the involvement of a course assistant.
Classroom work 2
Classroom work 2: Written work 0.05 Conducted: 2 module 2023/2024, Offline Assessed: 2 module 2023/2024 Description: Classroom work is evaluated according to such indicators as the level of students' preparation, their activity at seminars (answers to questions, participation in discussions, speeches, problem solving), performance of classroom mini-controls. Evaluation criteria: Measurement criteria: Written auditorium work (mini-controls) takes place on tickets, including several types of tasks (tests, open-ended questions, graphic tasks, qualitative and calculation tasks). For each task in the ticket, the maximum number of points awarded for their implementation is used. The results (assessments) of written work are summarized and reflected in the teacher's journal in the "classroom work" section. The maximum score for classroom work for the entire semester is 100.
Test 2
Test 2: Test 0.15 Conducted: 2 module 2023/2024, Study period, Offline Assessed: 2 module 2023/2024 Retake: Possible Evaluation criteria: Control work is carried out on the StartExam platform. Time spent 80 minutes. For each task (theoretical test, task, graphic task, etc.), the maximum number of points is indicated. Points are calculated automatically. The maximum score is 100.
Exam
Exam (Test 3): Test 0.4 Conducted: 2 module 2023/2024, 10 days before the session, Offline Assessed: 2 module 2023/2024 Retake: Possible Retake rules: Retaking the exam is possible in accordance with the "Regulations on the organization of intermediate certification and current monitoring of students' progress at the Higher School of Economics". Evaluation criteria: Control work is carried out on the StartExam platform. Time spent 80 minutes. For each task (theoretical test, task, graphic task, etc.), the maximum number of points is indicated. Points are calculated automatically. The maximum score is 100.

Interim Assessment

2023/2024 2nd module
0.05 * Classroom work 1: Written work 0.05 + 0.05 * Classroom work 2 + 0.4 * Exam + 0.2 * Research project + 0.15 * Test 1 + 0.15 * Test 2

Bibliography

Recommended Core Bibliography

Government failure versus market failure : microeconomics policy research and government performance, Winston, C., 2006
Intermediate microeconomics : a modern approach, Varian, H. R., 2014
Intermediate microeconomics : a modern approach, Varian, H. R., 2020
Microeconomic analysis, Varian, H. R., 1992
Microeconomic theory : basic principles and extensions, Nicholson, W., 1995
Microeconomic theory : basic principles and extensions, Nicholson, W., 2005
Microeconomics and behavior, Frank, R. H., 1997
Microeconomics, Pindyck, R. S., 2018
Principles of microeconomics, Frank, R. H., 2009
Principles of microeconomics, Frank, R. H., 2009
Productivity change, public goods and transaction costs : essays at the boundaries of microeconomics, Barzel, Y., 1995
The new evolutionary economics. Vol.1: Evolutionary microeconomics, , 2014
The new evolutionary microeconomics : complexity, competence and adaptive behaviour, Potts, J., 2000
Theory and application of intermediate microeconomics, Nicholson, W., 2010
Международная микроэкономика : учебник, Киреев, А. П., 2014

Recommended Additional Bibliography

Pindyck, R. S., & Rubinfeld, D. L. (2015). Microeconomics, Global Edition (Vol. Global edition, Eighth edition). Boston: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1419566
The new evolutionary economics. Vol.2: Evolutionary mesoeconomics, , 2014
The new evolutionary economics. Vol.3: Evolutionary macroeconomics, , 2014
Theory and application of intermediate microeconomics, Nicholson, W., 2007

Бакалаврская программа «Международный бизнес»

Контакты

Microeconomics