Prin­ciples of Mi­croe­co­nom­ics – a Busi­ness Per­spect­ive

Course content

Course content:Principles of Microeconomics is an introductory undergraduate course that teaches the fundamentals of microeconomics.  
 
This course begins with an introduction to supply and demand and the basic forces that determine an equilibrium in a market economy. Next, it introduces a framework for learning about consumer behavior and analyzing consumer decisions. We then turn our attention to firms and their decisions about optimal production, and the impact of different market structures on firms' behavior. The final section of the course provides an introduction to some of the more advanced topics that can be analyzed using microeconomic theory. These include game theory, strategic decisions, and the operation of factor markets. 
 
Each week, practical exercises will be discussed in class, enabling students to better comprehend the theoretical concepts explained during the week.  
 
By the end of the course, students will be able to understand introductory microeconomic theory, solve basic microeconomic problems, and use these techniques to think about a number of policy questions relevant to the operation of the real economy.

 

Course structure:  
 
Class 1:  Supply and Demand
 
Class 2: Welfare Economics 
 
Class 3: Consumer Theory 
 
Class 4:Applying Consumer Theory
 
Class 5: Firms and Production
 
Class 6:  - Exercises 
 
Feedback activity:

The exercises will be presented and discussed in Class 6. This is an opportunity for students to get feedback. Hopefully, you will learn from one another.  
 
Class 7: Competition
 
Class 8: Monopoly and Price Discrimination
 
Class 9: Oligopoly 
 
Class 10: Topics in Intermediate Microeconomics - Game Theory 
 
Class 11: Topics in Intermediate Microeconomics - Factor Markets

See course description in course catalogue