Course Details
Country:
Netherlands
Institution:
Free University of Amsterdam
Course Title:
Microeconomics I
Course Number:
E_EBE1_MICEC
Course Description:
This course considers rational consumers and producers who maximize, under some conditions, their utility and profits, respectively. This paradigm is used to derive supply and demand curves, which are used to analyse market equilibrium. The price setting in equilibrium is studied under different market structures (competition, monopoly, oligopoly). Also settings are considered where markets fail. In addition, attention is devoted to uncertainty, consumer search, auctions, market power and the role of the government. To stress the limitations of the paradigm of rationality, some topics in the field of behavioral economics are discussed.
Language:
English
Approved Equivalent:
ECON 103
Attachment Files:
Studyguide (2)_10.pdf
