Microeconomics

Semester
2.
ECTS credits
6 ECTS

Goal

  • Provide students with insight into the fundamental concepts of microeconomic science and illustrate, through examples, the possibilities of applying the basic tools of microeconomic analysis.
  • Enable students to independently analyse and critically reflect on the basic economic problems faced by modern firms.
  • Provide students with the necessary theoretical foundation for analysing key economic issues and preparing decisions for their resolution.
  • Equip students to solve microeconomic quantitative problems, i.e., to develop the ability to evaluate microeconomic models and assess their realism and usefulness.
Additional info
  • Consumer behavior
  • Individual and market demand
  • Choice under uncertainty
  • Production
  • Cost of production
  • Profit maximization and competitive supply
  • Analysis of competitive markets
  • Market power: monopoly and monopsony
  • Pricing and market power
  • Monopolistic competition and oligopoly
  • Game theory and competitive strategy
  • Basics of supply and demand
Lectures: 45
Seminars: 15
Exercises: 15
  • Evaluate supply and demand, including market equilibrium and elasticity.
  • Examine graphical analysis to determine the effects of various events on consumers and producers, including public policy.
  • Assess the nature of production and firm costs.
  • Compare behavioral implications that arise from different types of market structures.
  • Apply tools such as pricing strategies, present value analysis, and game theory to business decision-making.
  • Evaluate methods of microeconomic analysis.
magnifiercrossmenuplus circlecircle-minus LinkedIn facebook Pinterest youtube RSS Twitter Instagram facebook-blank rss-blank linkedin-blank Pinterest youtube Twitter Instagram Skip to content