30452 - FOUNDATIONS OF ECONOMICS - MODULE 1 (MICROECONOMICS)
Course taught in English
Go to class group/s: 13
- The behavior and decision making on the part of individuals, households, business firms, and governments
- The function of prices, incentives, and markets. Economic interactions through markets form the backbone of the course.
Engaging lectures by the instructor, weekly problem sets, additional readings, and active student participation through class discussion is the key ingredients of the Microeconomics course.
- The economic theory of consumer choice under certainty and under uncertainty.
- Exchange economies: equilibrium and welfare analysis.
- The economic theory of the firm: production decisions and cost functions.
- Competitive markets: partial and general equilibrium analysis.
- Strategic behavior: elements of game theory.
- Markets with imperfect competition (monopoly, oligopoly, monopolistic competition).
- Asymmetric information (adverse selection, moral hazard).
- Externalities, public goods, taxes and subsidies.
Grades are based on written exam(s) with a mix of open ended and multiple choice questions (a midterm exam and a final exam or a general exam at the of the course) and on individual assignments or group assignments.
- J. PERLOFF, Microeconomics with Calculus plus, MyEconLab with Pearson eText, Global Edition, 4th Edition.