Microeconomics 1 (UD)

The course acquaints students with basic economic problems and ways of solving them. The course presents in detail the theory of demand, production and costs, the operation of the market mechanism and the theory of distribution. The course gives the student a basic analytic and categorical apparatus needed for this and subsequent economic subjects. The course provides also the institutional framework and presents organizational and ownership forms of enterprises and the environment in which businesses operate and is influenced by state regulation.

1. Introduction
2. Theory of demand and supply
3. The theory of individual behavior.
4. Individual and market demand.
5. Production.
6. Costs.
7. Perfect competition.
8. The firm in the economic theory.
9. Monopoly
10. Monopolistically competitive markets, oligopoly and cartel.
11. Labor markets.
12. Capital markets and land markets.