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HU Credits:
2
Degree/Cycle:
1st degree (Bachelor)
Responsible Department:
Environmental Economics & Management
Semester:
1st and/or 2nd Semester
Teaching Languages:
Hebrew
Campus:
Rehovot
Course/Module Coordinator:
Ofer Bruner
Coordinator Office Hours:
Wednesday 17:00
Teaching Staff:
Mr. Ofer Bruner
Course/Module description:
Introduce the student to the basic concepts of Economy and Finance, the course will deal with the question of allocation of resources by the central authority versus the allocation of resources by the free market. Study the classical model of product supply and demand under perfect competition and the impact of government intervention. Explain the behavior of producers - the supply curve and the behavior of consumers - demand curve. Will discuss market failures and deal with the Problem of scarcity and opportunity cost concept.cost.
Course/Module aims:
imparting basic concepts and fundamental analysis tools from micro economics
Learning outcomes - On successful completion of this module, students should be able to:
Recognize basic term in economy
Familiar with the market mechanism advantages and disadvantages.
Analyze basic economic phenomena from micro economics.
Attendance requirements(%):
0
Teaching arrangement and method of instruction:
Frontal lectures and exercises
Course/Module Content:
1.Production function and assigning resources.
2.The Labor Market.
3. Supply function.
4. Demand function.
5. Competitive market equilibrium.
6. Government intervention and its impact on the market.
7. Market failures.
8. Opportunity cost and scarcity problem.
Required Reading:
נ. מארק , י.אורון, ג.עופר - מבוא לכלכלה מיקרו .
Additional Reading Material:
-
Grading Scheme :
Written / Oral / Practical Exam 100 %
Additional information:
-
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