The objectives of the course are: • to provide students with the knowledge of core concepts and models in the field of microeconomics. • to provide students with the knowledge of basic microeconomic models' assumptions, internal logic and predictions, grounding the explanations on intuitive, graphical and analytical approaches. • to develop students' ability to apply the knowledge acquired to the analysis of specific economic cases, recognizing proper framework of analysis and constructing and analyzing adequate economic model within this framework.
Course Prerequisites
None
Teaching Methods
Frontal Lectures
Assessment Methods
Final written exam
Contents
This course examines 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 under different market structures. It also studies the equilibrium in presence of information asymmetry. The course examines microeconomic policy and the role of government in allocating resources. The course requires knowledge of calculus and some basic tools of constrained optimization (Lagrangian function).
