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Course module: 30J112-B-3
30J112-B-3
Economics 1
Course info
Course module30J112-B-3
Credits (ECTS)3
CategoryBA (Bachelor)
Course typeCourse
Language of instructionEnglish
Offered byTilburg University; Tilburg School of Economics and Management; TiSEM: Economics; Economics;
Is part of
B Public Governance
B Public Governance
B International Business Administration
Lecturer(s)
PreviousNext 1
Lecturer
dr. M. Ferrando
Other course modules lecturer
Lecturer
dr. B. van Leeuwen
Other course modules lecturer
Lecturer
Z.E. Öztürk
Other course modules lecturer
Lecturer
P. Samranchit
Other course modules lecturer
Lecturer
Y. Sheng
Other course modules lecturer
Academic year2020
Starting block
SM 1
Course mode
Full-time
RemarksCaution: this information is subject to change
Registration openfrom 25/08/2020 up to and including 20/08/2021
Aims

The goal of the course is to introduce business students to the basic decision making of consumers and firms, and the resulting market outcomes in terms of quantities traded and prices under different market structures (competition; oligopoly; monopoly). After completing the course, students will be able

(1) to analyze the effects of changes in firms’ costs structure or changes in consumer preferences on market outcomes.

(2) to analyze the effects of different market structures on prices, quantities and social welfare.

(3) to interpret market outcomes in terms of the economic interaction of buyers and sellers under different market conditions.  

(4) to analyze the effects of regulation/policy on market outcomes.

 

On the basis of recent academic research in economics and management science, students will become acquainted with the methods of theoretical and empirical analysis of economic interactions between market participants. After the course, students will be able to address both theoretical and empirical market analyses from a scientific perspective.

 

Specifics

none

Required Prerequisites

none

Recommended Prerequisites

none

Limitations 
Please note, that all IBA courses are only open to IBA students. It is not possible to use this course as an elective for other programs.
 
Content
In six lectures, the course introduces the foundations of microeconomic analysis. The course covers the following topics: basic principles of economic interaction, mechanics of supply and demand, the concepts of elasticity and rational decision making of economic actors (firms and consumers), the role of competition and markets with imperfect competition.
 
Type of instructions
2-hour lecture and 2-hour tutorial in the typical week
 
Type of exams
Written exam (100%): multiple choice, corrected for randomization
Contact person
dr. M. Ferrando
Timetable information
Economics 1
Written test opportunities
DescriptionTestBlockOpportunityDate
Written test opportunities (HIST)
DescriptionTestBlockOpportunityDate
Written exam (100%) / Written exam (100%)EXAM_01SM 1119-10-2020
Written exam (100%) / Written exam (100%)EXAM_01SM 1215-01-2021
Required materials
Manual
-
ISBN:9781319181949
Title:Economics
Author:Paul Krugman and Robin Wells
Publisher:Worth Publishers
Edition:5
Recommended materials
-
Tests
Written exam (100%)

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Kies de Nederlandse taal