Microeconomics for EOR

Faculteit Economie en Bedrijfskunde
Jaar 2017/18
Vakcode EBP841B05
Vaknaam Microeconomics for EOR
Niveau(s) propedeuse
Voertaal Engels
Periode semester I a
ECTS 5
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Uitgebreide vaknaam Microeconomics for EOR
Leerdoelen Upon completion of the course the student is able to:
1. Explain basic microeconomic concepts
2. Derive demand functions and supply functions
3. Calculate the short-run market equilibrium
4. Calculate the long-run number of firms and the associated price level
5. Explain how taxes, subsidies and rationing distort the market equilibrium
6. Calculate monopoly prices
7. Explain how price discrimination by a monopolist can reduce market distortion
8. Use the different models of oligopoly; Bertrand, Cournot, Stackelberg and collusive behavior
9. Solve simple games in normal and extensive form
Omschrijving Microeconomics for EOR 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. Microeconomics deals with the individual decisions of consumers and producers and their coordination through the price mechanism. It studies the behavior of companies and how this behavior contributes to social welfare.
Uren per week 6
Onderwijsvorm hoor- en werkcolleges, practica
Toetsvorm schriftelijk tentamen met open vragen, tussentoets(en)
Vaksoort propedeuse
Coördinator dr. A.N. Péter
Docent(en) M. Ollar, PhD. ,dr. A.N. Péter , student-assistants
Verplichte literatuur
Titel Auteur ISBN Prijs
Intermediate Microeconomics with Calculus, 2014, 1st edition, W.W. Norton & Company, New York.
Varian, H. 9780393937145 ca. €  65,00
Entreevoorwaarden Admittance to the BSc EOR. 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 Info: Dr Noémi Péter, e-mail: a.n.peter@rug.nl.
Secr: Kimberley Vudinh, k.m.vudinh@rug.nl, room 5411.734
Opgenomen in
Opleiding Jaar Periode Type
BSc Econometrics and Operations Research/EOR  (basisprogramma BSc EOR) 1 semester I a verplicht