MICROECONOMICS (4 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Explain themes of microeconomics and market, Consumer Behaviour; Calculate the problems of elasticity, market demand, Uncertainty, Production and Cost, Profit Maximization in Perfectly competitive markets, Investment and risk; Analyze problems of efficiency in competitive markets, power on Monopoly, market Power on Monopsony, Monopolistic, Oligopoly; Estimate problems of Pricing with Market Power, Inter temporal price, Game Theory and Competitive Strategy, Market for actor Inputs, General Equilibrium and Economic Efficiency, Investment in human capital market, Markets with asymentric information and externality.

Topics:

1. Introduction to Themes of Microeconomics;
2. Elasticity;
3. Consumer Behaviour;
4. Market demand;
5. Uncertainty;
6. Production;
7. Measuring cost of production;
8. The cost of production;
9. Profit Maximization;
10. Profit Maximization in Perfectly competitive markets;
11. The Analysis of competitive markets;
12. The Analysis of competitive markets efficiency competitive markets;
13. The Analysis of power on Monopoly;
14. The Analysis of market Power on Monopsony;
15. Pricing with Market Power;
16. Pricing with Intertemporal price;
17. The Analysis of Monopolistic competition;
18. Oligopoly competition;
19. Game Theory and Competitive Strategy;
20. Market for actor Inputs;
21. General Equilibrium;
22. Economic Efficiency;
23. Investment and risk;
24. Investment in human capital market;
25. Markets with asymentric information;
26. Externalitas and public goods.