Course detail
Microeconomics
FP-TmikPAcad. year: 2011/2012
This course is designed to acquaint student with the basic tools of microeconomics. Economics is the study of how society allocates its scarce resources, and microeconomics is the study of the behaviour of households and firms, whose collective decisions determine how resources are allocated in a free market economy.
Language of instruction
Number of ECTS credits
Mode of study
Department
Learning outcomes of the course unit
Prerequisites
Co-requisites
Planned learning activities and teaching methods
Assesment methods and criteria linked to learning outcomes
A final exam consists of:
• written exam - student has to obtain at least 35 pts from 65 pts (approximately 12-15 exam questions)
• oral exam – student could obtain 10 pts (2 oral questions)
A final scale for a valuation of student (a student can obtain max. 25 pts from seminars, 65 pts from written exam and 10 pts from oral exam, total 100 pts):
A: 90 - 100 pts
B: 80 - 89 pts
C: 70 - 79 pts
D: 60 - 69 pts
E: 50 - 59 pts
F: less then 50 pts
Course curriculum
• The basics of supply and demand
• Consumer behaviour
• Individual and market demand
• Production
• The cost of production
• Profit maximization and competitive supply
• The analysis of competitive markets
• Imperfect competition: monopoly and monopsony
• Pricing with market power
• Monopolistic competition and oligopoly
• Markets for factor inputs
• Impact of governments decision
• Externalities and public goods
Work placements
Aims
Specification of controlled education, way of implementation and compensation for absences
Absence in seminars could be recompense with a special assignment or with a special exam test.
Recommended optional programme components
Prerequisites and corequisites
Basic literature
Recommended reading
Classification of course in study plans