Y1 - Micro economics

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Lectures

Week 1

Erasmus Universiteit · International Business Administration

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Session 1: Economics
What is economics?
The structure of the course
Demand and supply model
Equilibrium
What determines the magnitude of a change?
Sensitivity
Summary
Session 2
Utility
Marginal utility
Indifference curves
Budget constraint
The optimal choice of the consumer
Individual and market demand
Session 3: Economics
Production function
On the short term
Declining marginal productivity
On the long term
Isoquant
Isocost
Costs
Average VS marginal costs
Marginal cost curve
Average cost curve

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