Micro-economics (S)

Description

This course is an introductory microeconomics. The aim of this course is to give students insight into how market economies function: what determines the price of a good and the quantities produced and consumed, how government policies and other external events affect prices and quantities, in which cases market outcomes are efficient and in which cases they are not. In this course, the following key objectives are (partially or fully) realized: - Analyses the environment in which an organisation is active and estimates the influence of environmental factors on the functioning of the organisation. (1.a) - Analyses price-setting and the various pricing strategies for the most important market forms. (3.b) - Interprets and underpins behaviour of producers and consumers based on economic concepts and theories. (3.c) - Using an economic framework, critically analyses the impact of various forms of government regulation on the most important market forms. (3.d) - Defines, explains and uses, both graphically and model-based, macro- and micro-economic concepts. (3.h) - Describes the perspectives of economic science, uses them in a (business) economics context and reflects critically on them. (3.i) ERS Objectives: - Can collect and assess information regarding societal challenges from an appropriate theoretical framework.(ERS worldview) - Can handle change in an economic and business context. (ERS worldview) - Gaining insight and reflecting on the interrelationship between societal challenges and (business) economics (ERS worldview) The position of the course in the framework of the learning objectives of the programme can be found under the section “Objectives”