Микроэкономика 1

Бакалавриат 2023/2024

Статус: Курс обязательный (Международная программа по экономике и финансам)

Направление: 38.03.01. Экономика

Кто читает: Международный институт экономики и финансов

Где читается: Международный институт экономики и финансов

Когда читается: 2-й курс, 1-3 модуль

Формат изучения: без онлайн-курса

Охват аудитории: для своего кампуса

Преподаватели: Автономов Юрий Владимирович, Белков Альберт Сергеевич, Ворчик Андрей Денисович, Королева Полина Анатольевна, Ракута Наталья Владимировна

Язык: английский

Кредиты: 5

Контактные часы: 78

Full Syllabus

Abstract

Microeconomics-1 is a one-semester course for second year students. In the course of Microeconomics-1 students are expected to deepen their understanding of basic concepts, add further tools of analysis and develop their skills in applying theory to economic problems using graphical and algebraic analysis as well as intuitive explanation. Intermediate Microeconomics is a core discipline under world standards. It forms the basis of further economic studies in applied disciplines such as: industrial organisation, public sector economics, labour economics, international economics, corporate finance, development economics, etc. The course is taught in English. The students are also studying for a Russian degree in Economics, and knowing Russian terminology through reading in Russian is also required. Pre-requisites: Students are supposed to be competent in basic economic analysis and calculus. The course itself provides a basis (and so serves as a prerequisite) for Microeconomics 2.

Learning Objectives

to expand the students’ knowledge in the field of microeconomics and develop skills for analysis of real economic situations
to provide students with the knowledge of basic microeconomic models' assumptions, internal logic and predictions, grounding the explanations on intuitive and graphical approach with addition of some algebra and calculus studied simultaneously in the course of Mathematics for Economists
to develop the students' ability to apply the knowledge acquired to the analysis of specific economic cases, recognising the proper framework of analysis and constructing the adequate economic models within this framework

Expected Learning Outcomes

define key concepts and describe the models and methods used in economic analysis
formulate real world issues in the language of economic modelling
apply and use the economic models to analyse these issues
discuss the potential and limitations of the models and methods used in economic analysis

Course Contents

Introduction to microeconomics.
Consumer choice.
The firm.
Perfect competition.
Monopoly.
Market structure and imperfect competition.
Inputs to production: the labour market.
General equilibrium and welfare economics.
Missing markets and the role of government.

Assessment Elements

autumn midterm test
winter exam
seminar activity
In the Fall semester students may earn up to 5 bonus points for seminar activity. In the base-100 scale, each of these bonus points is counted as 20 (i.e., 1 bonus point = 20 points, 2 bonus points = 40 points, ..., 5 bonus points = 100 points).
home assignment
final spring exam

Interim Assessment

2023/2024 2nd module
Total grade for the fall semester is computed according to the following formula: MIN{100; 0,2*HA + 0,25*MIDTERM + 0,55*WINTER_EXAM + BONUS}, where: HA - average grade for home assignments, rounded to the nearest integer. Each home assignment is graded from 0 to 100 pts. MIDTERM - grade for the autumn midterm test. WINTER_EXAM - grade for the winter exam, written at the end of the 2nd module. BONUS - bonus points, that a student's classteacher may award for productive seminar activity. During the fall semester, a student may earn up to 5 bonus points in total.
2023/2024 3rd module
1 * final spring exam

Course Syllabus