| Detailed information |
| Original study plan |
Bachelor's programme International Business Administration 2021W |
| Objectives |
The students have knowledge of the basic principles of microeconomics. They are able to solve real-world microeconomic questions and problems. The students know the analytical tools that allow them to study constitutive and farther-reaching subjects in economics. The students learn economic thinking as well as how to grasp real-world problems in a concise and formal way.
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| Subject |
Clarification of the following basic terms will be covered:
- Supply and demand
- Elasticities
- Preferences and budget constraints
- Optimal consumption
- Demand function, and consumer surplus
- Production function
- Costs
- Profit maximization
- Supply function and producer surplus
- Welfare analysis
- Monopoly
- Monopolistic Competition and oligopoly
- Cournot, Stackelberg, and Bertrand equilibria
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| Criteria for evaluation |
Written exam
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| Methods |
Calculus, graphical analysis and interpretation, logical reasoning
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| Language |
English |
| Study material |
Slides
Textbook: Robert S. Pindyck and Daniel L. Rubinfeld. “Microeconomics”, Pearson, Prentice Hall, 7th Edition.
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| Changing subject? |
No |
