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Regular version of the site

Microeconomics (Advanced Level)

2022/2023
Academic Year
ENG
Instruction in English
3
ECTS credits
Course type:
Compulsory course
When:
1 year, 2 module

Course Syllabus

Abstract

This course covers the essential core of the first part of modern microeconomic theory including consumer theory, firm theory, and general equilibrium. Students should acquire an understanding of the principles and methods of analyzing how economic decisions are made by households and firms, and how they interact to determine the quantities and prices of goods and the allocation of resources in equilibrium.
Learning Objectives

Learning Objectives

  • This course covers the essential core of the first part of modern microeconomic theory including consumer theory, firm theory, and general equilibrium. Students should acquire an understanding of the principles and methods of analyzing how economic decisions are made by households and firms, and how they interact to determine the quantities and prices of goods and the allocation of resources in equilibrium.
Expected Learning Outcomes

Expected Learning Outcomes

  • Preference relations and ration choice
  • The Consumer’s Problem
  • Production technology and cost
  • The competitive firm
  • Perfect competition
  • Imperfect competition
Course Contents

Course Contents

  • Preference relations and ration choice
  • The Consumer’s Problem
  • Production technology and cost
  • The competitive firm
  • Perfect competition
  • Imperfect competition
Assessment Elements

Assessment Elements

  • non-blocking The class tests
    Each CT is based on tasks similar to optional homework assignments after previous class.
  • non-blocking In-class participation
  • non-blocking The midterm exam
    The midterm exam will be in-class and open-book (120 minutes). The midterm exam covers the material from the first half of the course. Only verified medical documentation will be accepted to excuse not taking the final exam at the scheduled time!
  • non-blocking The final exam
    The final exam will be in-class and open-book (120 minutes). The final exam covers the material from the second half of the course. Only verified medical documentation will be accepted to excuse not taking the final exam at the scheduled time!
Interim Assessment

Interim Assessment

  • 2022/2023 2nd module
    0.1 * In-class participation + 0.4 * The final exam + 0.25 * The midterm exam + 0.25 * The class tests
Bibliography

Bibliography

Recommended Core Bibliography

  • Advanced microeconomic theory, Jehle, G.A., 2011

Recommended Additional Bibliography

  • Ariel Rubinstein. (2012). Lecture Notes in Microeconomic Theory: The Economic Agent Second Edition. Princeton University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.pup.pbooks.9742
  • Mas-Colell, A., Whinston, M. D., & Green, J. R. (1995). Microeconomic Theory. Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.oxp.obooks.9780195102680
  • Лекции по курсу микроэкономики продвинутого уровня : Учеб. пособие, Фридман, А.А., 2008

Authors

  • POKROVSKIY DMITRIY ALEKSANDROVICH