Μαθήματα

ABSE203: Μικροοικονομική Ανάλυση

Το Course Contents Producer Decision Making Economic analysis of costs and profit Long run vs. short run decisions Quantifying costs and revenues Profit maximization/loss minimization decision. Graphical and functional analysis Analysis of perfectly competitive markets Assessment of the determinants of industry’s structure Graphical and functional analysis of price-taking behaviour Critical analysis of performance of the perfectly competitive markets Decision making of the pure monopoly Identification and analysis of sources of market imperfection; natural vs. institutional monopoly Structural conditions for the pure monopoly Profit maximization under the pure monopoly and performance of the pure monopoly Comparative analysis of perfect competition and pure monopoly Key concepts of price discrimination Market power and market rivalry Examination of monopolistic competition: structure, conduct, performance Appraisal of basic types of oligopoly and pricing Critical assessment of oligopoly; the Austrian approach to the analysis of the big firm Factor markets Determinants of profit maximization in the production factor markets The labor market and wage differentials; key concepts of discrimination Capital and interest The land market variables General market equilibrium and microeconomic policy Partial vs. general market equilibrium Definition and classification of microeconomic policies Empirical evidence on the effectiveness of microeconomic policies Learning Outcomes of the course unit By the end of the course, the students should be able to: 1 . Identify the goals of the firm and basic determinants of producer decision-making. 2 . Examine the dynamics and structure of short run and long run costs 3 . Analyze the determinants of industrial organization 4 . Compare and contrast firm’s conduct and performance under different market structures. 5 . Evaluate the determinants of factor income. 6 . Interpret empirical evidence and critically assess the effectiveness of microeconomic policies.
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Μαθήματα

ABSE203: Μικροοικονομική Ανάλυση

Το Course Contents Producer Decision Making Economic analysis of costs and profit Long run vs. short run decisions Quantifying costs and revenues Profit   maximization/loss   minimization   decision.   Graphical and functional analysis Analysis of perfectly competitive markets Assessment of the determinants of industry’s structure Graphical      and      functional      analysis      of      price-taking behaviour Critical      analysis      of      performance      of      the      perfectly competitive markets Decision making of the pure monopoly Identification      and      analysis      of      sources      of      market imperfection; natural vs. institutional monopoly Structural conditions for the pure monopoly Profit     maximization     under     the     pure     monopoly     and performance of the pure monopoly Comparative    analysis    of    perfect    competition    and    pure monopoly Key concepts of price discrimination Market power and market rivalry Examination     of     monopolistic     competition:     structure, conduct, performance Appraisal of basic types of oligopoly and pricing Critical   assessment   of   oligopoly;   the   Austrian   approach   to the analysis of the big firm Factor markets Determinants    of    profit    maximization    in    the    production factor markets The   labor   market   and   wage   differentials;   key   concepts   of discrimination Capital and interest The land market variables General market equilibrium and microeconomic policy Partial vs. general market equilibrium Definition and classification of microeconomic policies Empirical   evidence   on   the   effectiveness   of   microeconomic policies Learning Outcomes of the course unit By the end of the course, the students should be able to: 1 . Identify   the   goals   of   the   firm   and   basic   determinants   of producer decision-making. 2 . Examine    the    dynamics    and    structure    of    short    run    and long run costs 3 . Analyze the determinants of industrial organization 4 . Compare   and   contrast   firm’s   conduct   and   performance under different market structures. 5 . Evaluate the determinants of factor income. 6 . Interpret    empirical    evidence    and    critically    assess    the effectiveness of microeconomic policies.