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Microeconomics

1CK90

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

  • Credits
    ECTS 5
  • Level
    bachelor
If anything remains unclear, please check the FAQ of TU Eindhoven.

Offering(s)

  • Start date

    2 September 2024

    • Ends
      27 October 2024
    • Term *
      Block 1
    • Location
      Eindhoven
    • Instruction language
      English
    Course is currently running
These offerings are valid for students of Utrecht University