Microeconomics and Applications

Description

The course consists of 2 educational activities (OLA) Objective OLA 1: D0R68a Microeconomics (4sp) On completion of this unit, the student will be able to recognise, define and explain key concepts and theories from microeconomics apply microeconomic theory to real life business problems. Objective OLA 2: D0Q57a Applications of Microeconomics (2sp) The objective of this part of the course is to develop the student's practical skills in applying theoretical knowledge to concrete microeconomic decision-making. For this purpose, the student has to interpret/edit/analyse cases and data using theoretical knowledge acquired in the course. Objectives related to FEB's educational ERS framework Critical thinking and problem framing (ERS Worldviews) Strategic scenario thinking and ability to deal with uncertainty (Future orientation for ERS)