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