Microeconomics (ECON196) | GSÜ - ECTS Information Guide

Content

Objective

1- Understanding and analyzing consumer and producer behaviours in perfectly competitive and imperfectly competitive markets
2- Using basic reasoning tools of microeconomics

Course Content

Introduction
Demand and utility theory
Consumer equilibrium analysis
Production and organisation of a firm
Cost analysis
Theory of production, costs, and firm's decisions
Supply and price determination in perfectly competitive markets
Imperfect competition models
Marginal revenue and monopoly
Oligopoly and monopolistic competition
Revenues and factor price determination

Course Learning Outcomes

Microeconomics in perfect and imperfect competition

Teaching and Learning Methods

1. Lecturing ; 2. Applications

References

1.Mankiw G., Principes de l’Economie, 1998.
2.Varian Hal R., Introduction a la microéconomie, 1997.
3. Piller, A., Microéconomie . manuel d’exercices corrigés, 1999.
4. Bergstrom T., Varian H. R., Exercices de microéconomie, 1997.
5.Begg, D., Fischer S., Dornbusch R., Economics, 2003.

Weekly Contents

Theory Topics
Week	Weekly Contents
1	Introduction
2	Demand and utility theory
3	Consumer equilibrium analysis
4	Production and organisation of a firm
5	Cost analysis
6	Theory of production, costs, and firm's decisions
7	Supply and price determination in perfectly competitive markets
8	Partial examination
9	Imperfect competition models
10	Marginal revenue and monopoly
11	Oligopoly and monopolistic competition
12	Oligopoly and monopolistic competition
13	Revenues and factor price determination
14	Revenues and factor price determination

Assessment System

Contribution to Overall Grade
Activities	Number	Contribution
Contribution of in-term studies to overall grade	50	50
Contribution of final exam to overall grade	50	50
Total	100	100

In-Term Studies
Activities	Number	Contribution
Assignments	0	0
Presentation	0	0
Midterm Examinations (including preparation)	50	50
Project	0	0
Laboratory	0	0
Other Applications	0	0
Quiz	0	0
Term Paper/ Project	0	0
Portfolio Study	0	0
Reports	0	0
Learning Diary	0	0
Thesis/ Project	0	0
Seminar	0	0
Other	0	0
Total	50	50

Relation of Proficiency

No	Program Learning Outcomes	Contribution
No	Program Learning Outcomes	1	2	3	4	5
1	The acquisition of high-level knowledge of the functions of production management and marketing, management, accounting and finance; the skill of using this knowledge.
2	The acquisition of basic conceptual knowledge about scientific fields related to professional life, such as law, economics, sociology, psychology, social psychology and quantitative methods.
3	The ability to work effectively in a team; the ability to pass on knowledge to other members of the team.					X
4	The competence to use his/her knowledge on the field, to analyze and interpret the data obtained, to identify the problems encountered, to provide appropriate solutions and scientifically defend these solution suggestions when necessary.
5	The competence to determine the aims and objectives of the company or institution in which he/she is employed by taking into account the needs, the competitive dynamics of the market and by calculating the risks incurred; the ability to engage in entrepreneurship and establish and manage a business.
6	Awareness of constantly updating his/her professional knowledge and skills; the ability to adapt to change and innovation; the competence to evaluate critically the information he/she has acquired.				X
7	Basic knowledge of information and communication technologies required for professional life; the ability to use core office programs at an advanced level; expertise in data processing and report writing in the IT environment.
8	Ability to follow current information in his/her field in both English and French and to communicate in writing and verbally with stakeholders in both languages.
9	The ability to conduct researches and studies taking into account the market, dynamics of competition, organizational and global factors and scientific methods; contribute to projects, take responsibility in projects, display competence to make innovative and effective decisions.					X
10	Ability to develop strategies, find creative solutions to management problems by building relations with other areas of the social sciences and take the responsibility of these decisions.
11	Consciousness of taking into account ethical values, when making decisions and being involved in business life.
12	Awareness of the impact of practices related to his/her field on the global and social dimensions (universality of social rights, social justice, cultural values, environmental problems, sustainability, etc.) and their legal consequences.