Instruction

Name Cr Method of study Time Location Organiser
Microeconomics for AGERE students 5 Cr Online Examination 22.1.2021 - 22.1.2021
Microeconomics for AGERE students 5 Cr Lecture Course 10.9.2020 - 21.10.2020
Microeconomics for AGERE students 5 Cr General Examination 7.2.2020 - 7.2.2020
Microeconomics for AGERE students 5 Cr General Examination 29.11.2019 - 29.11.2019
Microeconomics for AGERE students 5 Cr Lecture Course 10.9.2019 - 23.10.2019

Target group

For first year master students who study in the agricultural, environmental and natural resources economics master program, and exchange students.

Prerequisites

Primary microeconomics, preliminary calculus, and probability theory

Learning outcomes

The course mainly introduces the intermediate theory of microeconomics, which is the expansion of its primary theory. The purpose is to enable students to systematically grasp microeconomics concepts, principles, theoretical system, and mathematical analysis methods as well, to master the skill of economic analysis for complex economy reality and microeconomic problems in different market structures, to obtain the ability in applying intermediate microeconomic analysis methods to solve various microeconomic problems.

Timing

The 1st year of M.Sc. studies AGERE. Period I / every year

Contents

  • Producers, Consumers, and Competitive Markets: Consumer Choice; Uncertainty and Consumer Behaviour; Firms and Production; Costs; Competitive Firms and Markets; Applying the Competitive Model.
  • Market Structure and Competitive Strategy: Market Power; Monopoly, Oligopoly and Monopolistic Competition; Pricing and Advertising; Game Theory; Factor Markets
  • Information, Market Failure, and the Role of Government: Externalities, Open-Access, and Public Goods; Asymmetric Information

Completion

The assessment of this course is divided into two parts: non-exam assessment (40%) and final exam score (60%). The former includes attendance, homework, classroom questions and discussion, group work; the latter is the final examination. The overall score (the combination of the above two parts) is over 60, then students pass this course.

Activities and teaching methods in support of learning

This course adopts a combination of lectures, student discussion, group work, and case study analysis

Study materials

  1. Jeffrey M. Perloff, Microeconomics, Sixth Edition, University of California, Berkeley
  2. Robert S. Pindyck and Daniel L. Rubinfeld, Microeconomics, 8th Edition.
  3. Walter Nicholson and Christopher Snyder, Intermediate Microeconomics and Its Application, 11th Edition.
  4. Hal R. Varian, University of California at Berkeley, Intermediate Microeconomics, a Modern Approach, 8th Edition.

Assessment practices and criteria

Grading 1-5. The assessment is based on pre-test and assignments, and group works (40%) and final examination (60%) for grading

Additional information

In English

Completion methods

Contact teaching (4 hours a week) includes lectures, case study analysis, and classroom discussion. Other work includes assignments and group work.