Course 2017-2018 a.y.



Department of Economics

Course taught in English

Go to class group/s: 25
BEMACS (8 credits - I sem. - OB  |  SECS-P/01)
Course Director:

Classes: 25 (I sem.)

Course Objectives

The Microeconomics course equips students with economic models of individuals as consumers and producers, as well as of price determination through their interaction in markets. By way of economic theory, applications, and contemporary issues, this course treats:
  • The behavior and decision making on the part of individuals, households, business firms, and governments.
  • The function of prices, incentives, and markets. Economic interactions through markets will form the backbone of the course.
The course covers material using mathematical methods and rigorous analytical thinking.
Engaging lectures by the instructor, weekly problem sets, additional readings, and active student participation through class discussion is the key ingredients of the Microeconomics course.

Intended Learning Outcomes
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Course Content Summary

  • The economic theory of consumer choice under certainty and under uncertainty.
  • Exchange economies: equilibrium and welfare analysis.
  • The economic theory of the firm: production decisions and cost functions.
  • Competitive markets: partial and general equilibrium analysis.
  • Strategic behavior: elements of game theory.
  • Markets with imperfect competition (monopoly, oligopoly, monopolistic competition).
  • Asymmetric information (adverse selection, moral hazard).
  • Externalities, public goods, taxes and subsidies.

Teaching methods
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Assessment methods
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Detailed Description of Assessment Methods

Grades are based on written exam(s) with a mix of open ended and multiple choice questions (a midterm exam and a final exam or a general exam at the of the course) and on individual assignments or Group assignments.


  • J. PERLOFF, Microeconomics with Calculus plus, MyEconLab with Pearson eText, Global Edition, 4th Edition.
Exam textbooks & Online Articles (check availability at the Library)
Last change 13/06/2017 12:42