Delivered at:: Department of Economics

Course type:: Compulsory course

When:: 2 year, 2, 3 module

Instructors

Butukhanov, Aleksandr V.

Kuga, Iakov T.

Торпищев Тимур Ринатович

Full Syllabus

Abstract

This work program of the discipline establishes the minimum requirements for the knowledge and skills of the student, and also determines the content and types of training sessions and reporting. The program is intended for teachers who lead this discipline, teaching assistants and students of the direction of training economists studying the discipline "Microeconomics - 3 (finance and contracts)". The study of this discipline is based on the following disciplines: "Optimization", "Microeconomics-1", "Microeconomics-2", "Game Theory", "Probability Theory". The main provisions of the discipline should be used in future when studying the following disciplines: "Corporate Finance", "Theory of Finance-2", "Financial Markets", "Corporate Governance", "Theory of Industry Markets", "Public Sector Economics", "Labor Economics" ".

Expected Learning Outcomes

Able to solve problems in professional spheres on the basis of analysis and synthesis

Course Contents

Budget Constraint
Preferences and Utility
Consumer Choice and Demand
Revealed Preference
Income and Substitution Effects, and Slutsky Equation
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

In-class Participation
Quizzes
Mid-term
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.
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.

Interim Assessment

2022/2023 3rd module
0.4 * Exam + 0.05 * Quizzes + 0.2 * Mid-term + 0.15 * In-class Participation

Bibliography

Recommended Core Bibliography

Intermediate microeconomics with calculus, Varian, H., 2014
Microeconomics, Gravelle, H., 1981
Microeconomics, Gravelle, H., 1992

Recommended Additional Bibliography

Microeconomic theory. Basic principles ahd extensions, Nicholson, W., 1998
Microeconomics, Perloff, J.M., 2007

Authors

BUTUKHANOV ALEKSANDR VLADIMIROVICH

Bachelor’s Programme 'Logistics and Supply Chain Management'

Microeconomics II