About this course
Theory of Consumer Choice
- budget constraint
- preferences
- utility
- choice
- demand
- price and income changes
Firm behaviour
- cost of production
- cost curves
- firm supply
Supply and demand
- market demand
- industry supply
- equilibrium in competitive market
- elasticity
- effect of government policies
- consumer surplus
- producer surplus
Organisation of industry
- monopoly
- oligopoly
Remaining topics:
- general equilibrium
- pure exchange of goods
Learning outcomes
Students are expected to acquire knowledge and gain insight into economic theory and underlying methods. They will be able to derive optimal consumer and producer choices, to identify the impact of parameter changes, as well as to discuss the impact of underlying assumptions. Additionally, they will be able to analyze supply and demand on both individual and market level, to analyze different organizations of industry, as well as to analyze an exchange model.
Prior knowledge
You must meet the following requirements
- Registered for a degree programme other than
- HBO-TOP Applied Physics, Pre-Master
Resources
- Intermediate Microeconomics, Hal R. Varian, 9th edition, Norton
- Extra literature
Additional information
- More infoCoursepage on website of Eindhoven University of Technology
- Contact a coordinator
- CreditsECTS 5
- Levelbachelor
If anything remains unclear, please check the FAQ of TU Eindhoven.
Offering(s)
These offerings are valid for students of Utrecht University