Courses Description
Microeconomic Analysis I
- Category: 2nd Semester
- Edited by : Professor N. Tzeremes
Review
Duration: 3 hours for 13 weeks [ECTS: 6]
Course outline
- Theory of Consumer Behavior
- Theory of Market Demand
- Theory of Production Function
- Laws of Production
- Technological Progress and the production Function
- Equilibrium of the Firm: Choice of optimal combination of production factors
Learning Outcomes
Students should be able:
- To model consumer choice.
- To model how individuals make consumption choices given a limited budget.
- To analyze the changes in prices and income affect consumer purchasing patterns.
- To model and analyze demand curves from utility functions and
- To analyze income and substitution effects.
- To analyze and model firm production.