Microeconomics I

2025/2026

Academic Year

ENG

Instruction in English

Delivered at:

Department of Economics

Course type:

Compulsory course

When:

1 year, 1, 2 module

Instructors

Дудкин Сергей Васильевич

Максимцева Анна Викторовна

Molchanov, Pavel S.

Tomskiy, Savva

Course Syllabus

Abstract

This is an introductory microeconomics course designed for students majoring in economicsand management.

Learning Objectives

• Mastering the basic principles of microeconomic analysis related to the behavior of the consumer and the firm, partial economic equilibrium at the introductory level

Expected Learning Outcomes

• Set up a monopoly's profit maximization problem alrebraically, solve for equilibrium price and quantity under non-price-discriminating unregulated monopoly. Illustrate the equilibrium under a monopoly with demand, marginal revenue and marginal cost curves. Illustrate the monopoly's profit/producer surplus.
• Understand scope of macroeconomic policies and their potential impact on macroeconomic equilibrium in the short and long run
• Knowledge of the Parreto principle and the ability to apply.
• Knowledge of the Production Possibility
• Ability to work with PPF
• Know the Trading Possibilities Curve
• Know all aspects of the firm's behavior.
• Know Budget Constraint
• Know all aspects of Consumer choice.
• Know and be able to apply Gossen's I and II law
• Know Derivation of the demand function, the concept of elasticity, price elasticity of demand, arc and point elasticity, price elasticity of demand, price and revenue from the sale of goods curves.
• Know the concept of perfect competition

Course Contents

• 1. . Introduction
• 2. Production Possibilities Frontier
• 3. Firm’s behavior
• 4. Consumer’s behavior
• 5. Partial equilibrium
• 6. Market structure

Assessment Elements

• Quizes
  Quizzes in the form of 1-3 problems at classes
• Team Homework
  A full-length homework assignment containing tasks of medium and advanced difficulty. It is completed in teams. It consists of a written part (solving problems) and an oral part (answering questions on the topics of solved problems). More detailed rules are sent to students.
• Tests
  Weekly tests in Smart LMS.
• Exam
  An exam containing problems and theoretical questions on the materials of the entire course.

Interim Assessment

• 2025/2026 2nd module
  Basic grade: G0 = 0.28*Quizes + 0.1*Team Homework + 0.1*Tests + 0.52*Exam. The grade for the Quizes is calculated as the arithmetic mean of the five lowest results (without rounding). The grade for the Team Homework is calculated as the arithmetic mean of two papers (without rounding). The grade for the Tests is calculated as the arithmetic mean of all test results (without rounding, tests are assessed according to the following rule: 10 - if 100%, 5 - if from 50% to 99%, 0 - otherwise). The grade for the exam is calculated as the exam score divided by 10 (without rounding, the maximum assessment score is 100). Cutoff: G*=3. A student receives a final grade of 1 if the base grade is less than 3 or the exam grade is less than 3 All students are ranked by their base (“raw”) grade G0. For all those with a base grade of at least 3 and an exam grade of at least 3, a percentile is calculated using the formula: (Student Rank-1)/(Number of all students in the course with a base grade of at least 3 and an exam grade of at least 3)*100%. The final grade is assigned in accordance with the following percentile-to-grade conversion scale on a 10-point scale: 4: (90-100%); 5: (76-89.99%); 6: (54-75.99%); 7: (30-53.99%); 8: (13-29.99%); 9: (4-12.99%); 10: (0-3.99%).

Bibliography

Recommended Core Bibliography

• Pindyck, R. S., & Rubinfeld, D. L. (2015). Microeconomics, Global Edition (Vol. Global edition, Eighth edition). Boston: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1419566

Recommended Additional Bibliography

• Intermediate microeconomics with calculus, Varian, H., 2014

Authors

• TOMSKII SAVVA KONSTANTINOVICH