Bachelor
2022/2023
Microeconomics-2
Type:
Compulsory course (Economics and Statistics)
Area of studies:
Economics
Delivered by:
Department of Theoretical Economics
Where:
Faculty of Economic Sciences
When:
2 year, 1, 2 module
Mode of studies:
offline
Open to:
students of one campus
Instructors:
Anastasia Antsygina,
Oleg Baranov,
Sofia Dolgikh,
Polina Koroleva,
Konstantin Makshanchikov,
Dmitry Mikhaylov
Language:
English
ECTS credits:
6
Contact hours:
86
Course Syllabus
Abstract
The course examines the organization of markets from a microeconomic perspective, the principles of microeconomic policy, and the role of government in allocating scarce resources. The topics include: perfect competition, pricing in the presence of market power, monopolistic competition, oligopoly, game theory and factor markets, general equilibrium and efficiency, markets with asymmetric information, externalities, and public goods. The course continues Microeconomics-1; however, it can also be treated as an independent discipline for exchange students. Module I (resp. II) of this course corresponds to Module III (resp. IV) of a generic undergraduate course in microeconomics.
Prerequisites:
Multivariable calculus;
Microeconomics-1, including: consumer behaviour, intertemporal choice, uncertainty, production, perfectly competitive markets.
Learning Objectives
- Understand basic real-world microeconomic problems
- Develop critical thinking about economic matters
- Be able to solve stylized microeconomic models
- Evaluate different economic policies and trace how they affect social welfare
- Understand the basic principles of strategic interaction
Expected Learning Outcomes
- Be able to understand and solve stylized microeconomic models
- Develop critical thinking about economic problems
- Evaluate different economic policies and assess their effect on social welfare
- Understand basic real world microeconomic problems and describe them with a formal model
- Understand the basic principles of strategic interaction between economic agents
Course Contents
- Competitive profit maximization
- Monopoly
- Pricing with market power
- Overview of strategic models
- Static oligopolistic competition
- Sequential move games
- Repeated games
- Factor markets with market power
- General equilibrium and economic efficiency
- Asymmetric information
- Externalities
- Public goods
Assessment Elements
- Home Assignments (Module 1)There are 3 home assignments in Module 1. All submissions must be done electronically via Smart LMS. Please, upload ONE file (max 20MB) per student! Each student can submit a home assignment only once. Late submissions are not accepted and graded with zero points.
- Mid-Term Tests (Module 1)There will be 2 online mid-term tests in Module 1.
- Weekly Tests (Module 1)
- Mid-Term Tests (Module 2)There will be 2 online mid-term tests in Module 2.
- Final TestFinal test will cover the topics of both modules.
- Home Assignments (Module 2)There are 3 home assignments in Module 2. All submissions must be done electronically via Smart LMS. Please, upload ONE file (max 20MB) per student! Each student can submit a home assignment only once. Late submissions are not accepted and graded with zero points.
Interim Assessment
- 2022/2023 2nd module0.05 * Weekly Tests (Module 1) + 0.1 * Home Assignments (Module 2) + 0.1 * Home Assignments (Module 1) + 0.1 * Mid-Term Tests (Module 1) + 0.5 * Final Test + 0.15 * Mid-Term Tests (Module 2)
Bibliography
Recommended Core Bibliography
- Микроэкономика, Пиндайк, Р. С., 2001
- Микроэкономика. Промежуточный уровень. Современный подход : учебник для вузов, Вэриан, Х. Р., 1997
Recommended Additional Bibliography
- Modern industrial organization, Carlton, D. W., 2005
- Микроэкономика : задачи и решения: учеб. пособие для вузов, Левина, Е. А., 2007
- Микроэкономика. Промежуточный уровень : сборник задач с решениями и ответами: учеб. пособие, Балакина, Т. П., 2013