From 2 November 2020, the autumn semester 2020 will take place online. Exceptions: Courses that can only be carried out with on-site presence.
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363-0503-00L  Principles of Microeconomics

SemesterAutumn Semester 2016
LecturersM. Filippini
Periodicityyearly recurring course
Language of instructionEnglish

AbstractThe course introduces basic principles, problems and approaches of microeconomics.
ObjectiveThe learning objectives of the course are:

(1) Students must be able to discuss basic principles, problems and approaches in microeconomics. (2) Students can analyse and explain simple economic principles in a market using supply and demand graphs. (3) Students can contrast different market structures and describe firm and consumer behaviour. (4) Students can identify market failures such as externalities related to market activities and illustrate how these affect the economy as a whole. (5) Students can apply simple mathematical treatment of some basic concepts and can solve utility maximization and cost minimization problems.
Lecture notesLecture notes, exercises and reference material can be downloaded from Moodle.
LiteratureN. Gregory Mankiw and Mark P. Taylor (2014), "Economics", 3rd edition, South-Western Cengage Learning.
The book can also be used for the course 'Principles of Macroeconomics' (Sturm)

For students taking only the course 'Principles of Microeconomics' there is a shorter version of the same book:
N. Gregory Mankiw and Mark P. Taylor (2014), "Microeconomics", 3rd edition, South-Western Cengage Learning.

1. R. Pindyck and D. Rubinfeld (2012), "Microeconomics", 8th edition, Pearson Education.
2. Varian, H.R. (2014), "Intermediate Microeconomics", 9th edition, Norton & Company