Prin­ciples of Mi­croe­co­nom­ics – a Busi­ness Per­spect­ive

About

Principles of Microeconomics is an introductory undergraduate course that teaches the fundamentals of microeconomics.

This course begins with an introduction to supply and demand and the basic forces that determine an equilibrium in a market economy. Next, it introduces a framework for learning about consumer behavior and analyzing consumer decisions. We then turn our attention to firms and their decisions about optimal production, and the impact of different market structures on firms' behavior. The final section of the course provides an introduction to some of the more advanced topics that can be analyzed using microeconomic theory. These include game theory, strategic decisions, and the operation of factor markets.

Each week, practical exercises will be discussed in class, enabling students to better comprehend the theoretical concepts explained during the week.

By the end of the course, students will be able to understand introductory microeconomic theory, solve basic microeconomic problems, and use these techniques to think about a number of policy questions relevant to the operation of the real economy.

Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:

Fully explain the basic concepts, models, theories and tools used in the principles of microeconomics and use them to analyze economic decisions by individuals and by firms.

Identify the foundational assumptions used in their own economic analysis and in the economics analysis of others.

Predict the effects of supply and demand changes on the direction of market price and quantity. Use the tools of consumer and producer surplus to identify the gains form exchange and the gains from the ability to manipulate price or quantity (e.g., the effects of barriers to entry, market power, monopolization, price controls, taxes, subsidies, and quotas.)

Articulate and explain the systematic nature of economic analysis and address likely secondary effects of particular policies and institutional frameworks

Course leader

Ismir Mulalic - Department of Economics (ECON)

Target group

This is a bachelor level course. CBS Summer University courses at Copenhagen Business School is open to all and welcomes domestic and international students as well as professionals

Fee info