Programme Outlines and Overviews

Important elements of the course are: - Consumer behavior in goods and factor markets, - Producer behavior in goods and factor markets, - Different market forms such as perfect competition and monopoly, - The foundation of welfare theory, - The cause and effect of market failure, - Allocation and distribution effects from taxation, - Externalities and their effect **Connection to Research and Practice** The microeconomic models introduced in the course are based on research. The theories on welfare and markets broadly connect to JIBS research area renewal. Microeconomic theories, and models are put into practice through the assignment, which involve real-world issues.