Microeconomics

2019/2020

Academic Year

ENG

Instruction in English

3

ECTS credits

Delivered at:

HSE Banking Institute

Course type:

Elective course

When:

1 year, 3 module

Course Syllabus

Abstract

This course aims to make graduate students familiar with the major concepts, theories, and debates in basic microeconomics. The course is intended to help a student to enter the universe of economics and its applications and interdisciplinary relations in particular with decision making and banking. This allows students with different levels of basic education and background to prepare for further effective study of the courses in banking program.

Learning Objectives

• to provide students with economic way of thinking; - to provide students with the knowledge of core concepts and models of microeconomics; - to introduce the students to core concepts and methodological tools that lay the foundation of microeconomics in particular in relation with general economic analysis and business decision making; - to develop students' ability to apply microeconomic models to the analysis of specific economic cases.

Expected Learning Outcomes

• At the end of the course, students are expected to show: - awareness of the main concepts in microeconomics and approaches of its applications; - basic understanding of the workings of microeconomics models that will enable them to learn and work with advanced models in the future; - competencies to assess complexities and challenges as well as basics of interdisciplinary links of economic decision-making.

Course Contents

• Economics as theory and as applied science.
• The market, its structure and functions
• Marginal utility theory and Consumer Behavior.
• Production theory.
• The theory of the market structures organization
• The effectiveness of the market model: market failures and income inequality.
• Case study

Assessment Elements

• participation in the class
• cases and tasks solving
• Mid-term exam

Interim Assessment

• Interim assessment (3 module)
  0.25 * cases and tasks solving + 0.5 * Mid-term exam + 0.25 * participation in the class

Bibliography

Recommended Core Bibliography

• Arthur O’Sullivan, Steven Sheffrin, & Stephen Perez. (2013). Microeconomics: Pearson New International Edition : Principles, Applications, and Tools. Harlow, United Kingdom: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1418846
• Microeconomics (Advanced): A Textbook. (2019). Europe, Europe. https://doi.org/10.5281/zenodo.3457358
• Raa, T. ten. (2013). Microeconomics : Equilibrium and Efficiency. Basingstoke, Hampshire: Palgrave Macmillan. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1523323
• Royer, M. (2012). Textbook of Microeconomics (Vol. 1st ed). Delhi: White World Publications. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=397587

Recommended Additional Bibliography

• Mitra, J. (2019). Undergraduate Microeconomics. [N.p.]: New Central Book Agency. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2239872