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Course Description
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Course Name
Foundations of Microeconomics
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Host University
Vrije Universiteit Amsterdam
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Location
Amsterdam, The Netherlands
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Area of Study
Economics
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Language Level
Taught In English
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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.
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ECTS Credits
6 -
Recommended U.S. Semester Credits3
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Recommended U.S. Quarter Units4
Hours & Credits
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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 groupsTYPE 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.
Some courses may require additional fees.