Principles of international microeconomics

Course: International Economic Relations (with compulsory study of two foreign languages)

Structural unit: Educational and scientific institute of international relations

Title
Principles of international microeconomics
Code
ОК09
Module type
Обов’язкова дисципліна для ОП
Educational cycle
First
Year of study when the component is delivered
2023/2024
Semester/trimester when the component is delivered
2 Semester
Number of ECTS credits allocated
3
Learning outcomes
Knowledge of the basic principles and theories of microeconomic analysis; modern directions of development of microeconomic theory; basic assumptions, prerequisites and stages of the analysis of the household’s, consumer’s and manufacturer’s (firm) behavior; types, features, main models of basic market structures: perfect competition, monopoly, monopolistic competition and oligopoly. Ability to find the equations of individual consumption and supply, market equilibrium, price and income elasticity coefficients, cross elasticity, optimal taxation, etc.; to calculate and interpret the results of consumer behavior modeling and estimate the firm's optimal production volume; to use elements of game theory to model a situation in an oligopoly market; to calculate the parameters of the markets for factors of production; to find the conditions of general equilibrium within the framework of different theoretical approaches; to evaluate the consequences of market failures.
Form of study
Distance form
Prerequisites and co-requisites
It is assumed that students know basic economic concepts and the foundations of mathematical analysis and linear algebra.
Course content
Introduction. 1. Demand, supply, and the mechanism of their balancing. 2. Elasticity and adaptation of the market. 3. Theory of consumer behavior: the purpose of a consumer. 4. Budget constraints and consumer choice. 5. Changing the balance of a consumer. Individual and market demand. 6. The purpose of production. Restrictions on a manufacturer in the short term. 7. A company's choice of the optimal volume of output in the short term. 8. Restrictions on a manufacturer and the balance of the firm and industry in the long run. 9. The effectiveness of a competitive market system. 10. Features of a firm's behavior in the market of pure monopoly.11. The strategy of a firm's behavior in the market of monopolistic competition. 12. Models of oligopoly. 13. Demand, supply, and equilibrium in the market of production factors. 14. Market failure and the need for government intervention in the economy.
Recommended or required reading and other learning resources/tools
1. Bazilinskaya O.Ya., Minina O. Microeconomics. 2nd edition. Center for Educational Literature. 2019. 352 p. 2. Analytical economics: macroeconomics and microeconomics. Apriori. 2017. 567 p. 3. Mankiw N. Gregory Principles of Microeconomics. 8th Edition. 2017. 528 p. 4. Krugman Paul. Wells Robin Microeconomics. 5 Ed. Worth Publishers. 2017. 688 p. 5. Pindyck Robert, Rubinfeld Daniel Microeconomics. Pearson; 9th ed. 2017. 784 p.
Planned learning activities and teaching methods
Lecture, seminar
Assessment methods and criteria
1. Oral presentations, problem solving – up to 50 points. 2. Individual work – up to 30 points. 3. Modular control work – up to 20 points.
Language of instruction
Ukrainian

Lecturers

This discipline is taught by the following teachers

Departments

The following departments are involved in teaching the above discipline