BUSINESS ECONOMICS 2.1

MODULE 2: BUSINESS ECONOMICS

Course AGRIMBA

MODULE 2: Business Economics 

Unit 2.1: Overview of microeconomics

Coordinators:  Batjargal Natsagdorj, Gantulga Tsambaa, Mongolian University of Life Science

Lecturer:  Batjargal Natsagdorj, Mongolian University of Life Science, a Guest lecturer from the List of teachers within the AGRIMBA network (Annex 1)

THEME: Microeconomics
AIM: To improve personal knowledge of theoretical, methodological, and applied positions of microeconomics.
OBJECTIVES

  • To explain the problems raised by different information in the market.
  • To study individual behavior with respect to choices involving uncertainty.
  • To study strategic interaction among firms by using the apparatus of game theory. 
  • To explain differences in oligopoly competition models.
  • To Describe the influence of externalities.
  • To discuss some ways that might be used to make social decisions about public goods.
COURSE FORMAT

  • Lectures
  • Interaction with teachers and fellow students
  • Self-guided group work
COURSE CONTENT

  • Asymmetric information
  • Uncertainty
  • Game Theory
  • Oligopoly Competition
  • Externalities
  • Public Goods
PRACTICAL CLASSES: Carrying out of exercises and tests
METHOD OF ASSESSMENT: Written and oral exam
RECOMMENDED READING: HAL R. VARIAN Intermediate Microeconomics / A Modern Approach 8th ed. ISBN 978-0-393-93434-3. – 217 p. (Chapter 12), – 498 p. (Chapter 27), – 522 p. (Chapter 28), – 645 p. (Chapter 34), – 695 p. (Chapter 36), – 719 p. (Chapter 37),

Leave a Reply

Your email address will not be published.