Microeconomics

The course provides a knowledge about scope and method, demand, supply and market prices, theory of consumer behavior, demand elasticity, theory of production and cost, pricing and competitive resources. General equilibrium analysis and welfare economics, output determination in competitive and noncompetitive markets.

Course leader

Associated Professor Doctor Azer Dilanchiev, Coordinator of Economic Direction

Target group

Anyone aged 18+ with an interest in Economics

Course aim

Be familiar with the basic microeconomic concepts;
Have gained the ability to apply basic microeconomic concepts to analyse behavior of consumers and firms under several market structures;
Have an understanding of the price mechanism, its limitations, and factors influencing the market price;
Have gained the ability to analyse the impact of government intervention on efficiency and distribution of surplus.
To introduce competitive, monopoly, oligopoly, monopolistic competitive markets.

Credits info

5 EC
5 ECTS (European Credit Transfer System)

Fee info

EUR 200: The course fee includes:

• the application fee and necessary study materials;
• free internet access on campus;
• access to library from 10:00 am to 5:00 pm;
• free SIM card;
• cultural and social activities: city tour/excursion.

The course fee does not include:

• accommodation;
• food;
• transportation;
• insurance;
• personal expenses.

Scholarships

No