Overview
Aims
These course cover a number of topics related to microeconomics.
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.
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%.