Microeconomics

General Data
Academic program	ECAM ENGINEERING PROGRAM			:
Type d'EC	Classes
Lectures : 6h00 Tutorials : 12h00 Total duration : 36h00	Status :	Period : Semester 3	Education language : English

Learning Outcomes
Students will be able to: Understand the following concepts: Markets Supply and demand Production costs Product decisions Competition They will also learn: How to analyze production possibilities of firms and countries, the sources of their comparative advantages, and gains from trade How to use the supply and demand model to understand how markets work. How elasticity is calculated and its relevance to understanding markets. How to analyze the behavior of firms in alternative market structures including perfect competition, monopoly, monopolistic competition and oligopoly

Learning Outcomes

Students will be able to:

Understand the following concepts:
Markets
Supply and demand
Production costs
Product decisions
Competition

They will also learn:

How to analyze production possibilities of firms and countries, the sources of their comparative advantages, and gains from trade

How to use the supply and demand model to understand how markets work.

How elasticity is calculated and its relevance to understanding markets.

How to analyze the behavior of firms in alternative market structures including perfect competition, monopoly, monopolistic competition and oligopoly

Content
This module is designed to give students a basic understanding of Microeconomics that is necessary for entrepreneurship.

Pre-requisites / co-requisites
n/a

Bibliography
n/a

Assessment(s)
N°	Nature	Coefficient	Observable objectives
1	Continuous Assessment	1