Microeconomics: course description
Microeconomics is a two-semester course, which starts in the spring semester for the 1st-year students of the “Economics” and “Economics and Statistics” undergraduate programs run by the Moscow HSE campus, and continues in the fall semester of the next academic year, when these students become 2nd-years. Thus, the course lasts for four modules (two in spring and two in autumn). Microeconomics is a core discipline, which develops the essential skill of model thinking and forms the basis for further economic studies in applied disciplines such as: courses in industrial organization, public finance, labour economics, international economics, corporate finance, development economics, etc. By the end of the course, successful students should understand the main analytical tools of microeconomic analysis, and be able to use them to analyze specific economic cases (presented both verbally and formally) within an adequate modelling framework.
Although students do not have to have any prior knowledge of economics to study it (all the necessary ideas and concepts are briefly explained whenever needed), most of its content is taught at an intermediate level. Self-study, therefore, is a very important component of success in the course. Students must also feel confident in multivariate calculus.
Final course mark is a weighted average of marks for each of the four modules. The mark for each module is a weighted average of marks for regular home assignments and written in-class tests; the quantity of these assignments and tests, as well as weights, generally varies from module to module. There is no final exam to make up for the poor cumulative result, so the course encourages regular, systematic work.