Code last year: (UEC-21806)
|Teaching method||Contact hours|
|Course coordinator(s)||dr. J Pieters|
|Lecturer(s)||dr. J Pieters|
|dr. D Drabik|
|Examiner(s)||dr. D Drabik|
|dr. J Pieters|
Language of instruction:
Assumed knowledge on:
MAT-12806 Mathematics M (Mathematics for Social Sciences), and ECH-10406 Microeconomics and Behaviour or DEC-10306 Economics
ENR-22306 Public Sector Economics; ENR-21806 Environmental Economics in Practice; UEC-22806 Spatial and Regional Economics; AEP-21806 Agriculture Food and Policy; DEC-32306 International Economics: Trade and Development; ECH-32306 Advanced Microeconomics; DEC-30306 Central Themes in Economics of Development
This course aims to develop students’ analytic approach to microeconomics, by teaching the fundamental conceptual foundations of neoclassical microeconomics, with concrete examples of their application. It covers consumer and producer theory and builds up to the theory of general equilibrium in competitive markets and analysis of welfare. The analytic approach will provide students with the knowledge and skills to study the behavior of consumers, producers, and markets through mathematical and graphical models and numerical examples.
After successful completion of this course students are expected to be able to:
- understand the fundamental conceptual foundations of microeconomic models of the behavior of consumers and producers, markets, and welfare;
- describe partial and general equilibrium;
- translate the essence of consumer, producer, and market behavior into microeconomic models;
- solve microeconomic models using mathematics, computation, and graphical analysis.
Lectures, tutorials, and self-study.
- written exam (weight 75% with minimum grade 5.0)
- homework assignments (weight 25%).
To pass the course, the weighted average of the written exam and homework assignments must be at least 5.5.
Varian, H. Intermediate Microeconomics. (2014). Norton & Company, New York. (9th International student edition).
Bergstrom, T.C.; Varian, H.R. (2014). Workout in Intermediate Microeconomics. Norton & Company, New York. (9th edition).
|Compulsory for:||BIN||International Development Studies||BSc||B: Spec. B - Economics of Development||5AF|
|BEB||Economics and Governance||BSc||2AF|
|Compulsory for:||WUECP||BSc Minor Economics and Policy||5AF|