Overview
Aims
This course covers several 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
Ch1. Introduction to Political Economy Ch2. Economic Activity - The Main Form Social Action Ch3. General Characteristics of Exchange Economy Ch4. Of the Origin and Use of Money Ch5. The Modern System of Market Economy Ch6. Production Factors and Their Use Ch7. Costs of Production Ch8. Market, Competition, Price Ch9. 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%.