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 |