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Regular version of the site

Economics of the Firm

2018/2019
Academic Year
ENG
Instruction in English
4
ECTS credits
Course type:
Compulsory course
When:
3 year, 3 module

Course Syllabus

Abstract

What is produced in an economy? How is it produced? Who gets the product? Microeconomics seeks to answer these fundamental questions about markets.In this course, we’ll introduce you to microeconomic theory, together with some empirical re-sults and policy implications. You’ll analyze mathematical models that describe the real-world behavior of consumers and firms, and you’ll see how prices make the world go ‘round.You’ll join the ranks of business executives, policymakers, entrepreneurs, and global leaders who rely on the insights they derive from a working knowledge of microeconomics. Nobel me-morial prize-winner Paul Samuelson invented themodern microeconomics curriculum at MIT. Now is your chance to learn the field from the intellectual tradition he began.
Learning Objectives

Learning Objectives

  • to give prospective learners the opportunity to get a taste of the content and exercises that will be covered in each course
Expected Learning Outcomes

Expected Learning Outcomes

  • Basic knowledge of Microeconomics
Course Contents

Course Contents

  • Introduction & Supply and Demand
  • Consumer Choice
  • Applying Consumer Theory
  • Firms and Production; Costs
  • Competitive Firms and Markets
  • Applying the Competitive Model; Monopoly
  • Oligopoly and Monopolistic Competition
  • International Trade; Uncertainty
  • Capital Markets
  • Equity
  • Behavioral Economic; Health Economics
Assessment Elements

Assessment Elements

  • non-blocking Problem set
  • non-blocking Midterm
  • non-blocking Lecture Exercises
  • non-blocking Final exam
Interim Assessment

Interim Assessment

  • Interim assessment (3 module)
    0.2 * Final exam + 0.25 * Lecture Exercises + 0.35 * Midterm + 0.2 * Problem set
Bibliography

Bibliography

Recommended Core Bibliography

  • Mukherjee, S. (2019). Microeconomics. [N.p.]: New Central Book Agency. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2239724

Recommended Additional Bibliography

  • Perloff, J. M. (2018). Microeconomics: Theory and Applications with Calculus, Global Edition (Vol. Fourth edition, global edition). Harlow, United Kingdom: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1538006