Overview
Lecturer
Vasile Burja
Seminar tutor
Iulian Bogdan Dobra
Type of course
Compulsory
Language of instruction
Romanian
Erasmus language
English
Domain
Accounting
Field of study
Accounting and Management Information Systems
Form of education
Full-time
Form of instruction
Class
Credit awarded by
Grade
Teaching methods
Lecturing, Demonstrating, Collaborating (i.e. Classroom discussion, Debriefing, Classroom Action Research), Recitation.
Aims
This introductory course teaches the fundamentals of microeconomics.
Also, topics include consumer theory, producer theory, and the behaviour of firms, market equilibrium, monopoly, issues about costs of production, completion, price, and the role of the government in the economy, allocation of net income.
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Course contents
CH 1. Introduction to Political Economy
CH 2. Economic Activity - The Main Form Social Action
CH 3. General Characteristics of Exchange Economy
CH 4. The Modern System of Market Economy
CH 5. Production Factors and Their Use
CH 6. Costs of Production
CH 7. Market, Competition, Price
CH 8. Allocation of Net Income
Learning outcomes
• To provide an introduction to fundamentals of microeconomics;
• The course is intended both for graduate students who wish to develop a solid background in game theory in order to pursue research in the applied fields of economics and related disciplines, and for students wishing to specialize in economic theory;
• To give an introduction and to learn, judge, make decisions, have a personal opinion or interpretation to some of the main subjects in this field: economic activity, exchange economy, market economy, production factors, cost production, competition, price, net income.
Assessment
Written test examination – 70%; Verification during semester – 30%.
Recommended reading
• J. SHIELD NICHOLSON, M.A., D.SC., (1893), “Principle of political economy”, Introduction, page 10, McMillan and Co, New York and London,;
• JOHN LANCELOT SHADWELL, (1877), “A system of political economy”, Chapter I, page 1, Trubner and Co., Ludgate Hill;
• ADAM SMITH, (1920), “ The Wealth of Nations” BOOK I, Chapter IV, page 66; P.F. Collier and son, New York, USA;
• DAVID BESANKO & RONALD R. BRAEUTIGAM, (2004), “Microeconomics” 4th edition Chapter VI, page 200, , Jhon Wiley & sons, inc.;