Intermediate Microeconomics

Facts

Duration: 1 semester

Period: Fall Semester

Credits: 6 ECTS

Contact Hours: 16

Self-study: 200

Hours: 216

Main Objectives

The course aims are to deepen student’s understanding of concepts in more mathematically rigorous form, to convey students a range of new analytical tools necessary to analyze the behavior of economic agents (consumers, firms, resource owners and government) and help them develop the ability to use these tools in all fields of economics, including corporative and public finance.

Learning Outcomes

This discipline is aimed at forming the following professional competencies:

the ability to own methods of analytical work related to the financial aspects of commercial organizations;
the ability to analyze and evaluate existing economic and financial risks, make a reasonable forecast of dynamics of key financial and economic indicators at the micro level;
the ability to justify on the basis of the analysis of financial and economic risks of the strategy of behavior of economic agents in different financial markets.

After the end of the study this discipline a student must be able to:

navigate in basic concepts and directions of modern microeconomic analysis;
collect and analyze information necessary to construct models of microeconomics;
choose appropriate methods and models for the study of specific microeconomic processes.

Owning:

the basic concepts of the course and use them to analyze the behavior of firms and consumers in markets, choice of models of public policy;
methods and methodology of research in the field of microeconomics.

Professor

Alexander V. Pavlov, PhD

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Course annotation

Course unit code	M.1.V.3
Course unit title	Intermediate Microeconomics
Name(s), surname(s) and title of lecturer(s)	Alexander V. Pavlov, PhD
Level of course	Master
Semester	3
ECTS credits	6
Working hours	Contact hours		16
	*Self-study*		200
	Total		216
Work placement	National Research Tomsk State University. Faculty of Economy.
Prerequisites	Macroeconomics, Microeconomics.
Language of instruction	Russian /English
Objectives of the course	Learning outcomes			A student’s assessments methods

Teaching methods	Lectures, seminars
Course unit content	*Course objective: The course aims are to deepen student’s understanding of concepts in more mathematically rigorous form, to convey students a range of new analytical tools necessary to analyze the behavior of economic agents (consumers, firms, resource owners and government) and help them develop the ability to use these tools in all fields of economics, including corporative and public finance. Gained knowledge and skills:* This discipline is aimed at forming the following professional competencies: - the ability to own methods of analytical work related to the financial aspects of commercial organizations; - the ability to analyze and evaluate existing economic and financial risks, make a reasonable forecast of dynamics of key financial and economic indicators at the micro level; - the ability to justify on the basis of the analysis of financial and economic risks of the strategy of behavior of economic agents in different financial markets. After the end of the study this discipline a student must To be able to: - navigate in basic concepts and directions of modern microeconomic analysis; - collect and analyze information necessary to construct models of microeconomics; - choose appropriate methods and models for the study of specific microeconomic processes; Owning : - the basic concepts of the course and use them to analyze the behavior of firms and consumers in markets, choice of models of public policy; - methods and methodology of research in the field of microeconomics
List of Topics	Topic title				Contact hours	Assignments and independent study hours
	Consumer Behavior				2	30
	Uncertainty and Strategy				2	30
	Producer Decisions				2	30
	The Competitive Market				2	20
	Models of Imperfect Competition				2	20
	General Equilibrium Analysis and Welfare Economics				2	30
	Market Failures				2	20
	Opportunities for government				2	20
Assessment requirements		Assessment takes place throughout the course. Final accumulative mark will be a weighted average of the graded components of the class.
Assessment criteria		The assessment checks the understanding of microeconomic problems and interpretation of selected models. The grading scale is consistent with study regulations.
The composition of final accumulative mark		Problem resolving and class discussion – 30% Test – 20% Exam – 50%
Author of the course		Alexander V. Pavlov

3

Contact hours

Total

Lectures, seminars