Microeconomics I

Bachelor 2025/2026

When: 1 year, 1, 2 module

Open to: students of one campus

Language: English

ECTS credits: 5

Contact hours: 56

This is an introductory microeconomics course designed for students majoring in economicsand management.

Mastering the basic principles of microeconomic analysis related to the behavior of the consumer and the firm, partial economic equilibrium at the introductory level

Set up a monopoly's profit maximization problem alrebraically, solve for equilibrium price and quantity under non-price-discriminating unregulated monopoly. Illustrate the equilibrium under a monopoly with demand, marginal revenue and marginal cost curves. Illustrate the monopoly's profit/producer surplus.
Understand scope of macroeconomic policies and their potential impact on macroeconomic equilibrium in the short and long run
Knowledge of the Parreto principle and the ability to apply.
Knowledge of the Production Possibility
Ability to work with PPF
Know the Trading Possibilities Curve
Know all aspects of the firm's behavior.
Know Budget Constraint
Know all aspects of Consumer choice.
Know and be able to apply Gossen's I and II law
Know Derivation of the demand function, the concept of elasticity, price elasticity of demand, arc and point elasticity, price elasticity of demand, price and revenue from the sale of goods curves.
Know the concept of perfect competition

Quizes
Quizzes in the form of 1-3 problems at classes
Team Homework
A full-length homework assignment containing tasks of medium and advanced difficulty. It is completed in teams. It consists of a written part (solving problems) and an oral part (answering questions on the topics of solved problems). More detailed rules are sent to students.
Tests
Weekly tests in Smart LMS.
Exam
An exam containing problems and theoretical questions on the materials of the entire course.

2025/2026 2nd module
Basic grade: G0 = 0.28*Quizes + 0.1*Team Homework + 0.1*Tests + 0.52*Exam. The grade for the Quizes is calculated as the arithmetic mean of the five lowest results (without rounding). The grade for the Team Homework is calculated as the arithmetic mean of two papers (without rounding). The grade for the Tests is calculated as the arithmetic mean of all test results (without rounding, tests are assessed according to the following rule: 10 - if 100%, 5 - if from 50% to 99%, 0 - otherwise). The grade for the exam is calculated as the exam score divided by 10 (without rounding, the maximum assessment score is 100). Cutoff: G*=3. A student receives a final grade of 1 if the base grade is less than 3 or the exam grade is less than 3 All students are ranked by their base (“raw”) grade G0. For all those with a base grade of at least 3 and an exam grade of at least 3, a percentile is calculated using the formula: (Student Rank-1)/(Number of all students in the course with a base grade of at least 3 and an exam grade of at least 3)*100%. The final grade is assigned in accordance with the following percentile-to-grade conversion scale on a 10-point scale: 4: (90-100%); 5: (76-89.99%); 6: (54-75.99%); 7: (30-53.99%); 8: (13-29.99%); 9: (4-12.99%); 10: (0-3.99%).

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