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Microeconomics I

2023/2024
Учебный год
ENG
Обучение ведется на английском языке
6
Кредиты
Статус:
Курс обязательный
Когда читается:
1-й курс, 1, 2 модуль

Преподаватель

Course Syllabus

Abstract

Microeconomics II is the second part of the two-semester graduate-level course, which provides a rigorous treatment of microeconomic theory and its applications. We begin with aspects of production and cost that are common to all firms. Then we consider the behavior of perfectly competitive firms – a very special but very important class. We continue with studying of interaction of economic agents within partial and general equilibrium framework and evaluate this interaction from a social perspective. Finally, we study elements of the social choice theory and information economics.
Learning Objectives

Learning Objectives

  • The objective of the course is to provide the students with a thorough knowledge and understanding of the foundations of modern economic analysis. The students will be introduced to the classical results and recent developments in microeconomic theory but the main focus will be on developing their modeling skills and encouraging them to think analytically about real world phenomena.
Expected Learning Outcomes

Expected Learning Outcomes

  • TO STUDY HOW PRODUCTION AND BEHAVIOR OF COMPETITIVE FIRMS CAN BE MODELLED
  • TO STUDY INTERACTION OF PRODUCERS AND CONSUMERS IN THE PARTIAL EQUILIBRIUM FRAMEWORK
  • TO GET FAMILIAR WITH CLASSIC RESULTS OF THE GENERAL EQUILIBRIUM ANALYSIS AND THEIR APPLICATIONS
  • TO GET FAMILIAR WITH FOUNDATIONS OF THE SOCIAL CHOICE THEORY
  • TO STUDY MAIN CONSEQUENCES OF INFORMATION ASYMMETRIES ON ECONOMIC OUTCOMES
Course Contents

Course Contents

  • THEORY OF THE FIRM
  • PARTIAL EQUILIBRIUM
  • GENERAL EQUILIBRIUM
  • SOCIAL CHOICE AND WELFARE
  • INFORMATION ECONOMICS
Assessment Elements

Assessment Elements

  • non-blocking Interim written assignment
  • non-blocking Final exam
Interim Assessment

Interim Assessment

  • 2023/2024 2nd module
    0.45 * Interim written assignment + 0.55 * Final exam
Bibliography

Bibliography

Recommended Core Bibliography

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

Recommended Additional Bibliography

  • Advanced microeconomic theory, Jehle, G., 2000