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Microeconomics

General data

Course ID:	2105-EPE-L-D1MICR
Erasmus code / ISCED:	14.6 Kod klasyfikacyjny przedmiotu składa się z trzech do pięciu cyfr, przy czym trzy pierwsze oznaczają klasyfikację dziedziny wg. Listy kodów dziedzin obowiązującej w programie Socrates/Erasmus, czwarta (dotąd na ogół 0) – ewentualne uszczegółowienie informacji o dyscyplinie, piąta – stopień zaawansowania przedmiotu ustalony na podstawie roku studiów, dla którego przedmiot jest przeznaczony. / (0312) Political sciences and civics The ISCED (International Standard Classification of Education) code has been designed by UNESCO.
Course title:	Microeconomics
Name in Polish:	Microeconomics
Organizational unit:	Faculty of Political Science and International Studies
Course groups:	(in Polish) European politics and economics - DZIENNE I STOPNIA 1 semestr 1 rok
ECTS credit allocation (and other scores):	5.00 Basic information on ECTS credits allocation principles: the annual hourly workload of the student’s work required to achieve the expected learning outcomes for a given stage is 1500-1800h, corresponding to 60 ECTS; the student’s weekly hourly workload is 45 h; 1 ECTS point corresponds to 25-30 hours of student work needed to achieve the assumed learning outcomes; weekly student workload necessary to achieve the assumed learning outcomes allows to obtain 1.5 ECTS; work required to pass the course, which has been assigned 3 ECTS, constitutes 10% of the semester student load.
Language:	English
Type of course:	obligatory courses
Prerequisites (description):	The aim of the course is to familiarize students with basic concepts of microeconomics. To pass the exam, students have to get at least 50% of points. The exam will consist of multiple choice questions. Exam will be held online.
Mode:	Blended learning Classroom
Short description:	1.Consumer Theory 2. Producer Theory 3. Partial Equilibrium 4. General Equilibrium 5. Market Failures
Full description:	1. Budget set 2. Preferences and utility function 3. Consumer optimal choice 4. Demand and demand aggregation 5. Market equilibrium and government interventions 6. Technology and production function 7. Cost function 8. Producer optimal choice 9. Perfect competition and monopoly 10. Monopolistic competition and oligopoly 11. Game theory 12. Externalities, public goods and asymmetry of information
Bibliography:	Varian H.R., 2002, ''Intermediate Microeconomics. A Modern Approach", 6th ed., New York and London: W.W. Norton & Co. (or later editions)
Learning outcomes:	After completing the course a graduate: Knowledge: • can assess individual entrepreneurship and can recognize different types of economic activities (K_W08) • knows the theories explaining the functioning of input markets (capital markets and labor markets) (K_W09) • can explain mechanisms of economic integration and consequences of the integration for both public sector and private sector (K_W10) Skills: • can analyse various economic phenomena in the European Union and interpret the process of economic globalization (K_U01) • can identify the impact of economic factors on voting behavior (K_U01) • can forecast basic economic indicators (K_U03) • can evaluate solutions to specific economic problems in the European Union and Europe (K_U05) Social competences: • can contribute to the discussion on the economic challenges facing Europe and global markets (K_K01)
Assessment methods and assessment criteria:	1. To pass the exam, students have to get at least 50% of points. 2. Exam will consist of multiple choice questions. 3. Students have to pass a tutorial classes in order to be admitted to take the exam. To pass the tutorial classes students have to collect the appropriate number of points (including presentation). 4. Retake exam will have the same form as the exam in the first term. 5. Final grade=40%result of tutorial classes+60%result of exam.

Classes in period "Winter semester 2023/24" (past)

Time span:	2023-10-01 - 2024-01-28	Selected timetable range: weekly course term Navigate to timetable MO TU WYK CW W TH FR
Type of class:	Classes, 30 hours more information Lecture, 30 hours more information
Coordinators:	Ewa Aksman
Group instructors:	Ewa Aksman, Anna Kukla-Gryz
Students list:	(inaccessible to you)
Examination:	Course - Examination Classes - Pass/fail Lecture - Examination
Type of course:	obligatory courses
Mode:	Blended learning Remote learning
Short description:	The aim of the course is to familiarize students with basic concepts of microeconomics. To pass the exam, students have to get at least 50% of points. The exam will consist of multiple choice questions. Exam will be held online. Final grade=40%result of tutorial classes+60%result of exam.
Full description:	1. Budget set 2. Preferences and utility function 3. Consumer optimal choice 4. Demand and demand aggregation 5. Market equilibrium and government interventions 6. Technology and production function 7. Cost function 8. Producer optimal choice 9. Perfect competition and monopoly 10. Monopolistic competition and oligopoly 11. Game theory 12. Externalities, public goods and asymmetry of information
Bibliography:	Varian H.R., 2002, ''Intermediate Microeconomics. A Modern Approach", 6th ed., New York and London: W.W. Norton & Co. (or later editions)

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