This course aims at acquiring the basic reasoning of the microeconomic analysis. Students are introduced to the modelling of economic agents' decision making.
The course focuses on the analysis of competitive markets. The course presents the consumer's problem (what to consume?) and the firm's problem (how much and how to produce?). The determination of prices is investigated in partial equilibrium as well as the impact of several public interventions on equilibrium prices. The course emphasises the fruitful use of mathematical tools in microeconomic reasonings.
Part 1: Introduction
Part 2: Consumer theory
Part 3: Partial equilibrium and public intervention
Part 4: Firm theory
Written exam and optional test (the test is only taken into account in the final evaluation if its mark is larger than that of the exam).
Varian, 2015, Introduction à la microéconomie, De Boeck Université.
| Training | Study programme | Block | Credits | Mandatory |
|---|---|---|---|---|
| Standard | 0 | 7 | ||
| Standard | 0 | 7 | ||
| Standard | 2 | 7 | ||
| Standard | 3 | 7 |