Topics in Economics

2022/2023

Type: Optional course (faculty)

Delivered by: International College of Economics and Finance

When: 3, 4 module

Open to: students of one campus

Instructors: Danil Fedorovykh

Language: English

ECTS credits: 3

Contact hours: 32

Full Syllabus

Abstract

Pre-requisites: Students are supposed to be competent in basic Calculus. Abstract: Economic Thinking is a one-semester course for first year students. In the course students are expected to deepen their understanding of the concepts they have studied in the Introduction to Microeconomics course add develop their skills in apply-ing theory to economic problems. In its turn, the concepts discussed in the course will help better understand the material of the course Microeconomics I.

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 non-trivial application and extensions of the topics discussed in their previous course

Expected Learning Outcomes

Ability to analyse markets with non-trivial interventions. Applying partial equilibrium model to international trade. Understanding market dynamics in the cobweb model.
Ability to model choice with natural en-dowments. Understanding connection of Inter-temporal choice model and investment decisions
Analyse PPF and trade with non-linear technologies. Analyse the con-sequences of technological advancement on trade and welfare.
Explaining how a firm maximises profit with non-trivial price discrimination (inter-temporal etc.). Applying monopoly and discrimination model to the exporting firm
Solving static and dynamic games. Under-standing mixed strategies. Ability to use matching algorithms. Comparing equilibrium and efficiency: traffic regulation examples. Understanding equilibria with externalities and public goods
Using oligopoly and oligopsony models, models with location 9goods and labour market). Calculating equilibria under mergers and collusions.