# 363-0503-00L Principles of Microeconomics

Semester | Autumn Semester 2017 |

Lecturers | M. Filippini |

Periodicity | yearly recurring course |

Language of instruction | English |

Abstract | The course introduces basic principles, problems and approaches of microeconomics. |

Objective | The 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 notes | Lecture notes, exercises and reference material can be downloaded from Moodle. |

Literature | N. Gregory Mankiw and Mark P. Taylor (2017), "Economics", 4th 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 (2017), "Microeconomics", 4th edition, South-Western Cengage Learning. Complementary: 1. R. Pindyck and D. Rubinfeld (2012), "Microeconomics", 8th edition, Pearson Education. 2. Varian, H.R. (2014), "Intermediate Microeconomics", 9th edition, Norton & Company |