Кто читает:: Департамент экономики

Статус:: Курс по выбору

Когда читается:: 2-й курс, 2, 3 модуль

Преподаватели

Бутуханов Александр Владимирович

Коновалов Александр Викторович

Full Syllabus

Abstract

The compulsory course is taught to the undergraduate students. The learning goals for this course include: familiarizing students with basic concepts of the microeconomic theory, development skills of formal analysis of economic processes and phenomena at the micro level using models of the behavior of economic agents (consumers, firms, government), and using economic theory to understand and evaluate policy proposals. It is assumed that students know the basics of differential calculus, optimization theory, and probability theory studied before.

Learning Objectives

On completion of the course student will be able to formulate basic theories and models of microeconomics; to apply the various general equilibrium and trade theorems in order to predict the consequences of policy changes; to use a Lagrange method, solve the system of first-order conditions to get a solution to a model, and analyze properties of the solution; to know the behavioral assumptions economics makes about consumers and firms.

Expected Learning Outcomes

student will be able to formulate basic theories and models of microeconomics; to apply the various general equilibrium and trade theorems in order to predict the consequences of policy changes
to explain economic outcomes using the basic theories of risk, externalities, public goods, and oligopoly
to know the behavioral assumptions economics makes about consumers and firms
to use a Lagrange method, solve the system of first-order conditions to get a solution to a model, and analyze properties of the solution
to differ sequential and simultaneous games, and define Nash equilibrium

Course Contents

Budget Constraint
Preferences and Utility
Consumer Choice and Demand
Revealed Preference
Income and Substitution Effects, and Slutsky Equat
Consumer Surplus
Endowment: Buying and Selling
Production Functions
Cost Functions
Profit Maximization
Partial Equilibrium Competitive Model
General Equilibrium and Welfare
Monopoly
Oligopoly and Imperfect Competition
Factor Markets

Assessment Elements

Final exam
The assessment criteria for the mid-term and final exams are detailed solution that includes all the necessary formulas and calculations; graphs illustrating the problem with all the symbols; correct choice of the model for analysis; correct answer; interpretation of the results. The maximal grade for the final exam and each mid-term is 10 points.
Mid-term exam
Seminar participation

Interim Assessment

2022/2023 3rd module
0.2 * Mid-term exam + 0.2 * Seminar participation + 0.4 * Final exam

Bibliography

Recommended Core Bibliography

Hugh Gravelle, & Ray Rees. (2004). Microeconomics. Harlow: Financial Times/ Prentice Hall. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1417798
Intermediate microeconomics with calculus, Varian, H., 2014
Microeconomic theory: basic principles and extensions, Nicholson, W., 2016

Recommended Additional Bibliography

Microeconomics: theory and applications with calculus, Perloff, J.M., 2017
Schwartz, R. A., Maksimenko, T., & Carew, M. G. (2010). Micro Markets Workbook : A Market Structure Approach to Microeconomic Analysis. Hoboken, N.J.: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=319450

Бакалаврская программа «Экономика»

Контакты

Microeconomics II