Microeconomic Principles 5 credits

This course introduces you to the fundamental principles of microeconomics, focusing on how individuals and firms make decisions, how markets function, and how resources are allocated in society. You will learn model-based reasoning and essential analytical tools for understanding consumer and producer behaviour, market outcomes, and market failures. In line with the programme’s learning goals, the course provides a foundation for structured economic thinking and helps you develop problem-solving skills that are relevant across different fields of study. It also supports you in building transferable skills such as critically evaluating assumptions and framing complex problems in a systematic way. By working with simplified models to analyse incentives, trade-offs, and policy interventions, you will gain insights into economic reasoning that can inform decisions in business, management, and societal contexts. The course also strengthens your ability to discuss and explain economic reasoning through problem-solving exercises, helping you build confidence in applying economic concepts and participating in academic and professional discussions in an international environment. The course serves as a solid starting point for further studies in economics and related areas.