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Microeconomics – 2

ОК 1.2

Обов’язкова дисципліна для ОП

Second

2025/2026

1 Semester

5

PLO 1. Formulate, analyze, and synthesize solutions to research and practical problems PLO 2. Develop, substantiate, and make effective decisions on the development of socio-economic systems and the management of economic entities PLO 4. Develop socio-economic projects and a set of comprehensive actions for their implementation, taking into account their objectives, expected socio-economic impacts, risks, legislative, resource, and other constraints PLO 7. Select effective methods for managing economic activities and substantiate proposed decisions based on relevant data, scientific and applied research. PLO 8. Collect, process, and analyze statistical data and research and analytical materials required to address complex political and economic tasks. PLO 9. Make effective decisions under conditions of uncertainty and requirements that call for the application of new approaches, methods, and tools in socio-economic and political-economic research PLO 10 PLO 11 PLO 16 PLO 17

Full-time form

To know: fundamental conceptual knowledge of introductory microeconomics acquired through education and professional experience, including the basic concepts and models of microeconomics, their contemporary interpretations and practical applications; definitions of key microeconomic categories and terms; and the specific features of economic agents' behaviour under conditions of resource scarcity. To be able to: solve specialized, non-standard tasks (problems and situations) in the field of microeconomics; collect, systematize, and interpret statistical data; select appropriate tools for data processing; and ensure the reliability of theoretical conclusions and generalizations. To have: basic skills in mathematical analysis, abstract thinking, searching for and using up-to-date sources of economic information, applying information technologies, and using Microsoft Word and PowerPoint software.

Microeconomics-2 comprises two content sections. Section 1: “Market Equilibrium. The Functioning of Market Structures” focuses on the microeconomic analysis of consumer behaviour theory, the study of the neoclassical theory of the firm, classical markets, general equilibrium, the nature of a quasi-competitive economy and partial equilibrium, and the specific features of imperfect market functioning. Section 2: “Market Failures” examines public choice and welfare, mechanisms for internalizing externalities, the impact of taxation on economic behaviour, the fundamentals of contract theory in the contemporary institutional environment, and explores the economics of information, the specific features of auctions and negotiations, voting systems, and electoral behaviour.

1. Mikroekonomika: Pidruchnyk / za red. A.I. Ihnatiuk. Kyiv : Vydavnytstvo Lira-K, 2023. 420 s. 2. Pindaik R., Rubinfeld D.L. Mikroekonomika / Per. z anhl. A. Oliinyka, R. Skilskoho. K.:Osnovy, 1996. 646 s. 3. Jehle G., Reny P. Advanced Microeconomic Theory, 3rd ed.? 2016. 556 p. 4. Kreps D. M. A Course in Microeconomic Theory. Princeton University Press. 2020. 872 р. 5. Varian H. Microeconomic Analysis. Third ed. N. Y., 1992. 6. Семюельсон П.А., Нордгауз В.Д. Мікроекономіка / Пер. з англ. С. Панчищина. Київ : Основи, 1998. 676 с. 7. Chiang E. Microeconomics: Principles for a Changing World. Worth Publishers, 2019. 1723 p. 8. MacLeod W. B. Advanced Microeconomics for Contract, Institutional, and Organizational Economics. The MIT Press. 2022. 416 р. 9. Osborne M., Rubinstein A. Models in Microeconomic Theory. Open Book Publishers, 2020. 364 p 10. Perloff J.M. Microeconomics: Theory and Applications with Calculus, Global Edition. Pearson Education, 2017. 784 p.

Seminar discussions, quantitative and analytical assignments, two tests, an annotated translation of an English-language research article and a presentation.

Semester assessment: max. 60 / min. 36 points. 1. Test for content section 1, Market Equilibrium and Market Structures: LO 1.1, 1.2, 1.3, 2.1 – 10 points (min. 6). 2. Test for content section 2, Market Failure: LO 1.1, 1.2, 1.3, 2.1 – 10 points (min. 6). 3. Participation in seminars (theoretical discussions and presentations): LO 1.1, 1.2, 1.3, 2.1, 2.2, 3.1, 3.2, 3.3, 4.1, 4.2 – 20 points (min. 12). 4. Independent work (annotated translation of a professional article, accompanying presentation and defence): LO 2.2, 3.1, 3.2, 3.3, 4.1, 4.2 – 20 points (min. 12). Final assessment: written examination, max. 40 / pass threshold 24 points, covering theory, tests and problem-solving. An exam score below 24 points is deemed zero and the course grade is unsatisfactory. The final grade is the sum of semester and examination points (maximum 100)

Ukrainian