Microeconomics for E&BE: Consumers&Firms

Faculteit Economie en Bedrijfskunde
Jaar 2020/21
Vakcode EBP819B05
Vaknaam Microeconomics for E&BE: Consumers&Firms
Niveau(s) propedeuse
Voertaal Engels
Periode semester I a
ECTS 5
Rooster rooster

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 -hoorcollege ,  -practicum,  -werkcollege
Toetsvorm -computer test/wekelijkse quiz,  -schriftelijk tentamen (open en mc vragen),  -tussentijds tentamen (open en mc vragen)
(The exam consists of quizzes, one midterm and a final exam.)
Vaksoort propedeuse
Coördinator prof. dr. M.A. Haan
Docent(en) dr. H.C. Fromell ,prof. dr. M.A. Haan ,dr. G.J. Romensen , A.L. Schippers , L.M. Swank, Bsc. , M.J.W. van Megen, MSc. , M.M. van Oldeniel, MSc.
Verplichte literatuur
Titel Auteur ISBN Prijs
Microeconomics third edition, Worth, New York (e-book) Goolsbee, A., T. Levitt, and C. Syverson 9781319325435 ca. €  79,00
Microeconomics online platform + e-book Goolsbee, A., T. Levitt, and C. Syverson 9781319325718 ca. €  118,00
Microeconomics online platform 9781319341084 ca. €  66,00
student discount 25% (use code CV25)
Microeconomics third edition, Worth, New York Goolsbee, A., T. Levitt, and C. Syverson 9781319306793 ca. €  73,00
Students can use any edition of the book (so also the first or the second edition, e-book or hard cover)
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: prof. Marco Haan, 5411.0767, tel. +31(0)50 36 37327, email m.a.haan@rug.nl
Opgenomen in
Opleiding Jaar Periode Type
BSc Bedrijfskunde/Bdk  (minor Finance) 3 semester I a verplicht
BSc Bedrijfskunde/Bdk  (minor Algemene Economie voor de Lerarenopleiding) 3 semester I a verplicht
BSc Bedrijfskunde/Bdk  (minor Economic Development and Globalization) 3 semester I a verplicht
BSc Economics and Business Economics/E&BE  (basisprogramma BSc E&BE) 1 semester I a verplicht
BSc International Business/IB  (minor Economic Development and Globalization) 3 semester I a verplicht
BSc International Business/IB  (minor Finance) 3 semester I a verplicht
Pre-MSc-programma’s FEB  (Pre-MSc Algemene Economie voor de Lerarenopleiding (30 EC)) 1 semester I a verplicht
Pre-MSc-programma’s FEB  (Pre-MSc Economic Development & Globalization/ED&G) 1 semester I a verplicht
Pre-MSc-programma’s FEB  (Pre-MSc Finance) 1 semester I a verplicht