EduXchange.EU

Microeconomics I

TET0010
Business and Economics

About this course

the nature and methods of economics; supply and demand; market equilibrium; supply and demand elasticity; total and marginal utilities; consumer equilibrium; indifference curve and budget line; substitution and income effect; consumer's supply; determinates of consumer choice; production function; isoquant; production costs; firm's production costs; short run and long run; market structure: perfect competition, monopoly, monopolistic competition and oligopoly; optimization in different market models; resource market; perfect competition and monopsony model.

NB! This course will take place in autumn semester 2024/2025 which starts on 2nd of September and ends 26th of January (you can find that information under Start date section). The real course start and end dates will be announced at the beginning of September at the latest.

Learning outcomes

On the successful completion of the course students are able to:

  • understand fundamental economic concepts and theories;
  • perform visual analyses of economic models and solve basic microeconomic problems (market equilibrium with externalities, consumer and producer optimization problems, consumer and producer surplus, deadweight loss, etc.);
  • analyse the effects of government interventions, market regulations or external shocks on economic outcomes;
  • relate the basic economic theories to real-world microeconomic problems;
  • demonstrate proficiency, in both written and verbal communication, using up-to-date economic terminology.

Examination

Final assessment can consist of one test/assignment or several smaller assignments completed during the whole course. After declaring a course the student can re-sit the exam/assessment once. Assessment can be graded or non-graded. For specific information about the assessment process please get in touch with the contact person of this course. For specific information about grade transfer please contact your home university

Course requirements

Basic mathematics.

Resources

  • Pindyck-Rubinfeld – Microeconomics (9th edition or a newer edition)
  • Mankiw, Principles of Economics (7th edition or a newer edition)

Activities

lectures, exercises

Additional information

  • Credits
    ECTS 6
  • Level
    Bachelor
  • Contact hours per week
    4
  • Instructors
    Simona Ferraro
  • Mode of instruction
    Hybrid
If anything remains unclear, please check the FAQ of TalTech (Estonia).

Offering(s)

  • Start date

    2 September 2024

    • Ends
      26 January 2025
    • Term *
      Fall semester 2024
    • Instruction language
      English
    Course is currently running
These offerings are valid for students of TU/e (The Netherlands)