SHEB103 Принципи на микроикономиката
Анотация:
This unit aims to introduce students to Microeconomics by providing students with a detailed analysis of the operation of the different microeconomic markets and the factors of production, focusing on the behaviour of households and firms. Students will acquire an in-depth knowledge of the main economic assumptions that are a prerequisite for any economic analysis. More specifically, a thorough analysis of the main economic issues will be presented which span from scarcity, opportunity costs and production possibilities, comparative advantage, supply and demand, costs, revenues, product pricing and outputs, efficiency and the role of government. Through the material covered the student will acquire the basic economic knowledge that will support future decisions on economic issues and will enhance her/his skills with respect to the application, analysis, synthesis and evaluation of the various microeconomic phenomena.
Преподавател(и):
Dr. Andreas Alexiou
проф. Събина Ракарова д-р
доц. Едуард Маринов д-р
Описание на курса:
Компетенции:
By the end of the unit, a student will be able to:
LO1 Identify the basics of microeconomic theory and perform analyses on various microeconomic issues
LO2 Understand demand and supply their determinants and the outcomes of price controls
LO3 Recognise and explain the differences and similarities between the different market structures
LO4 Describe and explain the concepts of elasticity, cost, revenues, profits
LO5 Explain the role of households and firms in an economy
LO6 Assess how firms are taking their decisions in an economy
LO7 Recognise and evaluate the role of governments in the more equitable allocation of wealth in the economy
LO8 Explain the basics of general equilibrium theory
Предварителни изисквания:
N.A.
Форми на провеждане:
Редовен
Учебни форми:
Лекция
Език, на който се води курса:
Английски
Теми, които се разглеждат в курса:
Литература по темите:
Case, K., Fair, R., and Oster, S, (2016) Principles of Economics, 12th edition, Pearson (CFO).
Additional Textbooks
1. Arnold, Roger, A. (2014) Economics. 11th edition, International edition, Cengage Learning
2. Mankiw, G. N. (2015) Principles of Economics. 7th Edition, Cengage Learning
3. Begg, D., Fischer, S., and Dornbusch, R. (2014) Economics. 11th Edition. McGraw-Hill
4. McConnell, C.R. & Brue, S.L. (2012) Economics. 19th International edition, McGraw Hill
5. Sloman, J., Hinde, K. & Garratt, D. (2013) Economics for Business. 6th edition, Prentice Hall
Средства за оценяване:
C1 Mid-term test
C2 Report
E1 Final Exam