Economic Foundations

Credits: 
2.0
ECTS Credits: 
4.0
Term: 
Fall
Course Description: 

This course teaches fundamentals of microeconomics: profit maximization, welfare, individual utility... We learn how to use these concepts in economics models in real business settings. We add more elements into the settings to better approximate reality: variability, information asymmetry, risk aversion, government intervention. All this will be done with practices to solve problems. 

Learning Outcomes: 

We will understand the fundamentals of microeconomics and how to apply it in business analysis.

Assessment: 

In class Quiz                                                                                       40 points

homework assignment                                                                        30 points

Class participation                                                                             30 points

Maximum total                                                                                  100 points)

Prerequisites: 

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