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HU Credits:
3
Degree/Cycle:
2nd degree (Master)
Responsible Department:
Business Administration
Semester:
1st and/or 2nd Semester
Teaching Languages:
English and Hebrew
Campus:
Mt. Scopus
Course/Module Coordinator:
Prof. Anat Bracha
Coordinator Office Hours:
Wed 4:30-5:00 PM
Teaching Staff:
Prof Anat Bracha,
Ms. limor ben yossef
Course/Module description:
The goal of the course is to introduce the students to basic microeconomic concepts such as efficiency, marginal benefit, etc., as well as to the analysis of the individual economic agent's problem (whether it is a consumer or a producer) that results in the demand and supply curves. After setting these foundations, the class will turn to the equilibrium analysis in competitive markets as well as non-competitive markets such as monopoly and oligopoly.
Course/Module aims:
The course introduces the students to basic microeconomic concepts and to economic analysis. The goal is that students will be able to analyze real-world phenomena using the tools covered in class.
Learning outcomes - On successful completion of this module, students should be able to:
Students will be introduced and will be able to use basic microeconomic concepts to analyze real-world phenomena.
Attendance requirements(%):
According to the university administration's guidelines.
Teaching arrangement and method of instruction:
In-person or online (zoom) lectures, depending on the university administration's guidelines. In addition to the weekly lectures, the problem sets are considered an integral and important part of studying this course.
Course/Module Content:
The main topics that will be covered are:
The production possibility frontier; the consumer's problem and the demand curve; the producer's problem and the supply curve; elasticity; equilibrium in a perfectly competitive market; the invisible hand and social welfare maximization; determining input prices; import, export, and the analysis of government interventions such as taxes and subsidies; monopoly, and oligopoly.
Required Reading:
1.Oron I., Mark N., Ofer G., (1995) "An Introduction to Micro economics." Second edition, Amichai publisher, Tel Aviv, Israel.
2.N. Gregory Mankiw, "Principles of Microeconomics." 5th Edition, or later.
Additional Reading Material:
Course/Module evaluation:
End of year written/oral examination 100 %
Presentation 0 %
Participation in Tutorials 0 %
Project work 0 %
Assignments 0 %
Reports 0 %
Research project 0 %
Quizzes 0 %
Other 0 %
Additional information:
In case an in-class exam will not be possible, an online exam will be held.
Several problem sets will be given during the semester (the problem sets will be available on moodle).
Problem sets must be submitted by their due date. Late submission will not be accepted.
Following each problem set's due date, a full solution will be posted on the course's website.
There is an 80% problem set submission requirement to be eligible to take the exam.
The problem sets will be reviewed but are not part of the final grade.
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