MICROECONOMICS

COURSE OUTLINE

1. GENERAL

SCHOOL School of Management and Economics
ACADEMIC UNIT Department of Accounting and Finance
LEVEL OF STUDIES Undergraduate
COURSE CODE 0803.1.002.0 SEMESTER 255th
COURSE TITLE Microeconomics
INDEPENDENT TEACHING ACTIVITIES
if credits are awarded for separate components of the course 		WEEKLY
TEACHING HOURS		 CREDITS
0 5
Total 0 5
COURSE TYPE
general background, special background, specialised general knowledge, skills development		 Compulsory, General background
PREREQUISITE COURSES None
LANGUAGE OF INSTRUCTION and EXAMINATIONS English
OFFERED TO ERASMUS STUDENTS Yes (in English)
COURSE WEBSITE (URL) https://iro.hmu.gr/accounting-finance-english-courses/

2. LEARNING OUTCOMES

Learning outcomes

Expected Learning Outcomes

After completing this course, students are expected to know:

  • The fundamental concepts of economic analysis.
  • The determinants of demand and supply.
  • The process of consumer decision making.
  • The modelling of production and cost.
  • The way producers determine optimal behavior.
  • The operation of economic agents in various market structures.
General Competences

Upon successful completion of the course, students should be able to:

  • Determine the effects of policy measures on market operation.
  • Analyze the behavior of economic agents, using optimal choice approaches.
  • Evaluate the effectiveness of market organization.
  • Identify the effects of market struture on production and prices.

3. SYLLABUS

  • Basic Concepts, Economic Models
  • Demand and Supply, Elasticity, Surpluses, Taxes
  • Consumer Behavior 
  • Production and Cost
  • Market Structure, Perfect Competition 
  • Monopoly
  • Monopolistic Competition
  • Oligopoly

4. TEACHING and LEARNING METHODS - EVALUATION

DELIVERY
Face-to-face, Distance learning, etc.		 This is a reading course, that is, there are no formal classes. Students study the material on their own and seek the instructor’s help as they deem necessary, via email, tele-conferencing, or office appointments.
USE OF INFORMATION AND COMMUNICATIONS TECHNOLOGY
Use of ICT in teaching, laboratory education, communication with students
TEACHING METHODS
The manner and methods of teaching are described in detail.
Activity Semester workload
Course total
STUDENT PERFORMANCE EVALUATION
Description of the evaluation procedure

Mandatory mid-term exam, weighing 30% of the final grade.

Mandatory final exam, weighing 70% of the final grade.

5. ATTACHED BIBLIOGRAPHY

Suggested reading:

Krugman, P and R. Wells, Economics, Worth Publishers, New York, 2013. 

DEPARTMENT OF ACCOUNTING AND FINANCE, HELLENIC MEDITERRANEAN UNIVERSITY