Foundations of Microeconomics

Vrije Universiteit Amsterdam

Course Description

  • Course Name

    Foundations of Microeconomics

  • Host University

    Vrije Universiteit Amsterdam

  • Location

    Amsterdam, The Netherlands

  • Area of Study

    Economics

  • Language Level

    Taught In English

  • Course Level Recommendations

    Lower

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

    6
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4
  • Overview

    COURSE OBJECTIVE
    Bridging Theory and Practice - Knowledge:
    Know the basics of microeconomics. See topics above

    Bridging Theory and Practice - Application:
    At the end of the course you:
    (1) can abstract from irrelevant details;
    (2) can apply economic concepts and theory to analyze concrete problems;
    (3) are able to interpret economic news;
    (4) distinguish between correlation and causal effect.

    COURSE CONTENT
    Topics to be discussed are:

    • Consumers, sellers and Incentives;
    • Perfect competition, Trade;
    • Externalities and public goods;
    • Labor market/ human capital/unemployment;
    • Economics of Information;
    • Game theory/ Auctions;
    • Socio/behavior economics.

    TEACHING METHODS
    Lectures and working groups

    TYPE OF ASSESSMENT
    Grade is average of problem sets (30 %) and written examination (70%), with written exam grade of at least 5.0.

    ENTRY REQUIREMENTS
    Basic knowledge of math and statistics, as provided in the academic core of any academic program at the Vrije Universiteit Amsterdam or equivalent.

Course Disclaimer

Courses and course hours of instruction are subject to change.

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