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
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).
Final written exam