Microeconomics

 

 Tittle  Microeconomics
 Department  Economic Theory
 Type (compulsory/optional)  Compulsory
 Cycle (first/second) First Cycle
 Semester when the component is delivered  3rd semester
 Course description  
The purpose of the discipline "Microeconomics” is the study of behavior and mechanism of decision-making of particular economic subjects – microsystems that tends to achieve their goals in conditions of limited resources can be used in alternative way.
The tasks of the discipline: to form a definite imagination of students about the fact that the success of any business depends on not only of availability of financial capital and entrepreneur skills, but also on knowledge of peculiarities of economic microsystems functioning in different market situations and ability to use it efficiently.
 Course content
Module I. Introduction. The theory of consumer’s behavior
Topic 1. Subject and methodology of Microeconomic
Topic 2. The theory of marginal utility and behavior of consumer
Topic3. The ordinal theory of consumer’s behavior
Topic4. The analysis of consumer’s behavior
Topic5. The market demand and supply and their elasticity
Module II. The theory of producer’s behavior
Topic 6. The microeconomic model of enterprise
Topic 7. The variation of factors of production and the optimum of producer
Topic 8. Cost and revenue of the enterprise
Module III. Behavior of the firm in different market structures
Topic 9. The market of perfect competition
Topic 10. The monopoly market
Topic 11. The market of monopolistic competition and oligopoly
Topic 12. The marker of factors of production
Module IV. The general equilibrium and institutional providing of effective market functioning
Topic 13. The general equilibrium and the welfare economics
Topic 14. The institutional aspects of the market economy
 Learning outcomes - have a basic knowledge of economic discipline "Microeconomics";
- get the ability to use the acquired knowledge in fundamental and applied disciplines for solution of specific economic problems;
- have the ability to identify permanent economic interest to economic information of their profile and ownership of economic and organizational decision-making skills;
- get the ability to justify the need for introducing institutional changes at the micro and macro levels;
- independently carry out technical and economic analysis related to the substantiation of rational behavior of microsystems;
- to apply methods of microeconomic analysis to the functioning of economic systems;
- to operate with the methodology of calculation of indicators of economic activity in the microeconomic level, national and global levels and processing them for research, analytical and advisory needs;
- be able to apply their knowledge in microeconomics in practical and professional activities.
 Contact hours (lectures/seminars)

 30/30
 
Prerequisites

Economics, Macroeconomics, History of Economics and Economic Thought
 Number of ECTS credits allocated

4 credits