2024/2025 BA-BHAAI1023U Principles of Microeconomics – a Business Perspective
English Title | |
Principles of Microeconomics – a Business Perspective |
Course information |
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Language | English |
Course ECTS | 7.5 ECTS |
Type | Elective |
Level | Bachelor |
Duration | Summer |
Start time of the course | Summer |
Timetable | Course schedule will be posted at calendar.cbs.dk |
Min. participants | 30 |
Max. participants | 100 |
Study board |
Study Board for BSc in Economics and Business
Administration
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Course coordinator | |
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For academic questions related to the course, please contact course responsible Ismir Mulalic (imo.eco@cbs.dk). | |
Main academic disciplines | |
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Teaching methods | |
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Last updated on 07/11/2024 |
Relevant links |
Learning objectives | ||||||||||||||||||||||||||
To achieve the grade 12, students should meet the
following learning objectives with no or only minor mistakes or
errors:
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Course prerequisites | ||||||||||||||||||||||||||
None | ||||||||||||||||||||||||||
Examination | ||||||||||||||||||||||||||
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Course content, structure and pedagogical approach | ||||||||||||||||||||||||||
Course content:
Principles of Microeconomics is an introductory undergraduate
course that teaches the fundamentals of microeconomics.
This course begins with an introduction to supply and demand and the basic forces that determine an equilibrium in a market economy. Next, it introduces a framework for learning about consumer behavior and analyzing consumer decisions. We then turn our attention to firms and their decisions about optimal production, and the impact of different market structures on firms' behavior. The final section of the course provides an introduction to some of the more advanced topics that can be analyzed using microeconomic theory. These include game theory, strategic decisions, and the operation of factor markets. Each week, practical exercises will be discussed in class, enabling students to better comprehend the theoretical concepts explained during the week. By the end of the course, students will be able to understand introductory microeconomic theory, solve basic microeconomic problems, and use these techniques to think about a number of policy questions relevant to the operation of the real economy.
Course structure:
The exercises will be presented and discussed in Class
6. This is an opportunity for students to get feedback.
Hopefully, you will learn from one another.
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Description of the teaching methods | ||||||||||||||||||||||||||
Lectures and workshops based on exercises. | ||||||||||||||||||||||||||
Feedback during the teaching period | ||||||||||||||||||||||||||
Feedback activity: Feedback is given in the class as well as during office hours, which are organized once a week for the duration of the course. Exercises will be presented and discussed in Class 6. This is an opportunity for students to get feedback. | ||||||||||||||||||||||||||
Student workload | ||||||||||||||||||||||||||
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Further Information | ||||||||||||||||||||||||||
3-week course that cannot be combined with any other course.
Preliminary Assignment: The course coordinator uploads Preliminary Assignment on Canvas at the end of May. It is expected that students participate as it will be included in the final exam, but the assignment is without independent assessment and grading.
We will discuss and review it during the first lecture.
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Expected literature | ||||||||||||||||||||||||||
Mandatory readings:
Microeconomics, Fourth Edition, Austan Goolsbee, Steven Levitt and Chad Syverson. ©2024, Worth Publishers ISBN-13: 9781319544294
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