SYLLABUS

1. Objectifs du cours

Microeconomics 1 presents : utility maximization, choice, profit maximization, cost functions and competitive markets.

2. Description du cours

Lectures and tutorials are taught in English. Lecture notes are not provided, the teacher will use the blackboard. Problems sets are provided on Madoc. Prerequisites: Mathematics from L1 first semester: contrained optimization and basics of analysis : concavity/convexity.

3. Plan du cours

• Introduction
• Chapter 1: Choice, utility maximization and demand
• 1.1 Cardinal utility theory
• 1.2 Ordinal utility and indifference curves
• 1.3 Changes in the consumer’s income
• 1.4 Changes in the price of goods
• 1.5 Substitution and income effects
• 1.6 Demand functions
• 1.7 Elasticities
• 1.8* Consumer surplus
• Chapter 2 : Firms and production
• 2.1 Firms and inputs
• 2.2 Production functions, average and marginal productivity
• 2.3 A general framework
• 2.4 Some examples of production functions
• 2.5 Isoquants and technical rate of substitution
• Chapter 3 : Profit maximzation and competitive markets
• 3.1 Technology and choice of inputs
• 3.2 Cost functions
• 3.3 Short-run and long-run costs
• 3.4 Supply function
• Chapter 4 : Market equilibrium and perfect competition
• 4.1 Market and perfect competition
• 4.2 Short term equilibrium and perfect competition
• 4.3 Long term equilibrium and perfect competition
• 4.4 Market surplus
• 4.5 Market for inputs

4. Compétences visées

• Students will learn the basics from microeconomics

Consulter la fiche RNCP de cette formation

5. Modalités pédagogiques

Mode d'enseignement : Présentiel

Langue(s) utilisée(s) : English

Méthodes pédagogiques : Cours magistral, Travaux Dirigés

6. Modalités d'évaluation

Examen écrit sur table

7. Bibliographie

• Wasmer, Etienne: Principes de microéconomie, méthodes empiriques et théories modernes, Pearson Ed.