# Microeconomics

Crédit : 3 ECTS | |

Langue du cours : anglais | |

### Volume horaire

- Volume horaire global (hors stage) : 18 h

### Compétences à acquérir

**Learning Outcomes**

On completion of this module, students will be able to:

1. Construct a Marshallian demand curve and understand the factors that determine the demand.

2. Determination of the optimal level of consumption of goods and an understanding of the factors that determine it.

3. Determination of optimal allocation between leisure and labour time.

4. Determination of optimal allocation between present goods and future goods (consumption vs saving).

**Course Objectives**

1. Understand the rational of man economic decisions.

2. Understand how different factors such as prices, revenues, taxes etc. may impact its decisions.

3. Understand the concept of value and how we can derive from this a theory of prices.

4. Be able to express economic concept through literal explanation, graphical illustration and mathematical calculation.

### Description du contenu de l'enseignement

In the first semester, we will develop the economic theory of the consumer. Consumption allocation between different goods, trade-off between labour and leisure, optimal intertemporal allocation of resources will be studied.### Mode de contrôle des connaissances

**Grading Criteria**

Mid Term Exam 30%

Essays 20%

Final Exam 50%

### Bibliographie, lectures recommandées

Microéconomie Comportement des agents et concurrence parfait Franck Bien & Sophie Meritet PEARSON (2016)Année universitaire 2019 - 2020 -
Fiche modifiée le : 18-04-2019 |