Bachelor
2022/2023
Microeconomics 1
Type:
Compulsory course (International Programme in Economics and Finance)
Area of studies:
Economics
Delivered by:
International College of Economics and Finance
When:
2 year, 1-3 module
Mode of studies:
distance learning
Online hours:
16
Open to:
students of one campus
Instructors:
Попова Валерия Сергеевна,
Yury V. Avtonomov,
Albert Belkov,
Polina Koroleva,
Natalya Rakuta,
Andrey Vorchik
Language:
English
ECTS credits:
5
Contact hours:
78
Course Syllabus
Abstract
Microeconomics-1 is a one-semester course for second year students. In the course of Microeconomics-1 students are expected to deepen their understanding of basic concepts, add further tools of analysis and develop their skills in applying theory to economic problems using graphical and algebraic analysis as well as intuitive explanation. Intermediate Microeconomics is a core discipline under world standards. It forms the basis of further economic studies in applied disciplines such as: industrial organisation, public sector economics, labour economics, international economics, corporate finance, development economics, etc. The course is taught in English. The students are also studying for a Russian degree in Economics, and knowing Russian terminology through reading in Russian is also required. Pre-requisites: Students are supposed to be competent in basic economic analysis and calculus. The course itself provides a basis (and so serves as a prerequisite) for Microeconomics 2.
Learning Objectives
- to expand the students’ knowledge in the field of microeconomics and develop skills for analysis of real economic situations
- to provide students with the knowledge of basic microeconomic models' assumptions, internal logic and predictions, grounding the explanations on intuitive and graphical approach with addition of some algebra and calculus studied simultaneously in the course of Mathematics for Economists
- to develop the students' ability to apply the knowledge acquired to the analysis of specific economic cases, recognising the proper framework of analysis and constructing the adequate economic models within this framework
Course Contents
- Introduction to microeconomics.
- Consumer choice.
- The firm.
- Perfect competition.
- Monopoly.
- Market structure and imperfect competition.
- Inputs to production: the labour market.
- General equilibrium and welfare economics.
- Missing markets and the role of government.
Assessment Elements
- final spring exam
- spring midterm test
- winter exam
- autumn midterm test
- home assignment
- seminar activityIn the Fall semester students may earn up to 5 bonus points for seminar activity. In the base-100 scale, each of these bonus points is counted as 20 (i.e., 1 bonus point = 20 points, 2 bonus points = 40 points, ..., 5 bonus points = 100 points).
Interim Assessment
- 2022/2023 2nd module0.25 * autumn midterm test + 0.05 * seminar activity + 0.15 * home assignment + 0.55 * winter exam
- 2022/2023 3rd module0.5 * 2022/2023 2nd module + 0.35 * final spring exam + 0.15 * spring midterm test
