Microeconomics for E&BE: Consumers&Firms

Faculteit Economie en Bedrijfskunde
Jaar 2017/18
Vakcode EBP819B05
Vaknaam Microeconomics for E&BE: Consumers&Firms
Niveau(s) propedeuse
Voertaal Engels
Periode semester I a
ECTS 5
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Uitgebreide vaknaam Microeconomics for E&BE: Consumers&Firms
Leerdoelen Upon completion of the course the student is able to:
1. Explain the basic microeconomic concepts of consumer and producer theory.
2. Derive demand functions and supply functions.
3. Define the short-run competitive market equilibrium, compute it, and apply the model.
4. Define the long-run competitive market equilibrium, calculate the long-run number of firms and the associated price level and interpret the results.
5. Understand how taxes, subsidies and rationing distort the market equilibrium.
6. Compute monopoly prices, and define and interpret the deadweight loss of monopoly.
7. Compute market equilibria in a two-person, two-good exchange economy and explain the concept of Pareto-efficiency in this context.
Omschrijving This course deals with the basic principles of microeconomic theory. Every day, consumers make decisions about the purchase of goods and services, while companies continuously decide what their product range will include and in what quantities they will supply their products. In most economies, the decisions of consumers and producers are coordinated through markets by means of the price mechanism. Prices are a measure of scarcity. Microeconomics deals with the individual decisions of consumers and producers and their coordination through the price mechanism. It studies the behavior of companies on markets and how this behavior contributes to social welfare. Many, if not most, courses in the bachelor E&BE build upon microeconomic principles. Hence, a thorough understanding of these principles is necessary.
Uren per week 6
Onderwijsvorm hoorcolleges, practica, werkcolleges
Toetsvorm schriftelijk tentamen met meerkeuzevragen, schriftelijk tentamen met open vragen
(The exam consists of quizzes, one midterm and a final exam.)
Vaksoort propedeuse
Coördinator prof. dr. M.A. Haan
Docent(en) J.R. de Wit, MSc. , H.C. Fromell, M. ,prof. dr. M.A. Haan , B. Rodriguez Sanchez , G.J. Romensen, MSc. , A.L. Schippers
Verplichte literatuur
Titel Auteur ISBN Prijs
Microeconomics international edition, Worth, New York Goolsbee, A., T. Levitt, and C. Syverson 9781464146978 ca. €  65,00
Microeconomics second revised edition, Worth, New York Goolsbee, A., T. Levitt, and C. Syverson 9781464187025 ca. €  65,00
Students can use the first or the second edition of Microeconomics
Entreevoorwaarden Admittance to the BSc E&BE. Depending on e.g. capacity, other students may be allowed to participate in some or all course activities. (To be decided by the Programme Director)
Opmerkingen Secretariaat: Kimberley Vudinh, k.m.vudinh@rug.nl, kamer 5411.0734
Coördinator: dr. M.A. Haan, 5411.0767, tel. 050-36 37327 (email m.a.haan@rug.nl).
Opgenomen in
Opleiding Jaar Periode Type
BSc Bedrijfskunde/Bdk  (minor Algemene Economie voor de Lerarenopleiding) 3 semester I a verplicht
BSc Bedrijfskunde/Bdk  (minor Finance) 3 semester I a verplicht
BSc Economics and Business Economics/E&BE  (basisprogramma BSc E&BE) 1 semester I a verplicht
Pre-MSc-programma’s FEB  (Pre-MSc Algemene Economie voor de Lerarenopleiding) 1 semester I a verplicht
Pre-MSc-programma’s FEB  (Pre-MSc International Economics & Business/IE&B) 1 semester I a verplicht
Pre-MSc-programma’s FEB  (Pre-MSc Finance) 1 semester I a verplicht