Copenhagen, Denmark

Principles of Microeconomics – a Business Perspective

when 24 June 2024 - 12 July 2024
language English
duration 3 weeks
credits 7.5 EC
fee DKK 6000

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.

Course leader

Ismir Mulalic - Department of Economics

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.

Course aim

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.

Credits info

7.5 EC
This is an intensive 3-week course. 3-week courses cannot be combined with any other courses.
Find more information on our website.

Fee info

DKK 6000: Tuition fee for Open University students (EU/EEA/Swiss citizenship)
DKK 12000: Tuition fee for non-European students.