Institute: Gazdaság- és Társadalomtudományi Intézet (1084 Budapest, Tavaszmező u. 15-17.) Credit: 2
Type of classes: Nappali Language: angol Semester: 2017/18/2
 
Level: Ipari termék- és formatervezõ mérnök; Könnyûipari mérnök; Környezetmérnök szak;
 
Responsible Teacher: Dr. Medve András Teacher(s): Dr. Tóth Arnold;
Consultations (total/week): Heti Lectures: 2 Practice lectures: 2 Labs: 0 Consultations: 0
 
Type of Exam: félévközi jegy
 
Aim of the subject: The knowledge of rules of economy and the knowledge of real social contects and interactions by fundamental economic learning. The students can see
though the purposes and
process of economical acts with the knowing of phenomenons and actors of microeconomics. The microeconomics supports the tution of applied economic
subjects.
Requirements during the semester
(homeworks, essays,
excercises, teamworks,
presentations,
part and final
oral/written exam etc.):
Week No. 8 and 13. test in writing. You can go to take an exam if you can fulfill the requirements of test in writing in the 8th week and you
participate in classes, make a presentation and practice
classes. The term is not succesful the lack of above requirements.
The method of supplement: You can take an improver exam only one time set out by tutor in the first 10 days of the exam period with the payment of
examination fee. This is
writing exam with the whole curriculum.
Evaluation happens by scoring. The tasks are theoretical and practical.
Intervals of the grade:
under 50%: 1 (unsatisfying, gig)
50-62,5 %: 2 (pass mark)
62,5-75 %: 3 (satisfactory mark)
75-87,5 % 4 (class)
87,5-100% 5 (excellence)

 
Week of
semester
Topics of lectures/practices
1. Choice (optimal choice,consumer demand, estimating utility functions, implications of the MRS conditions)
2. Demand (normal and inferior goods, Income offer curves and Engel curves, ordinary goods and Giffen goods)
3. Buying and Selling (net and gross demands, The budget constraint, changing the endowment, price changes, offer curves and demand curves)
4. Choice (optimal choice,consumer demand, estimating utility functions, implications of the MRS conditions)
5. Demand (normal and inferior goods, Income offer curves and Engel curves, ordinary goods and Giffen goods)
6. Buying and Selling (net and gross demands, The budget constraint, changing the endowment, price changes, offer curves and demand curves)
7. Firm supply (market environments, pure competition,the supply decision of a competitive firm) Test 1
8. Equilibrium (supply, market equilibrium, inverse demand and supply curves)
9. Cost curves (average costs, marginal costs, marginal costs and variable costs)
10. Firm supply (market environments, pure competitions, the supply decision of a competitive firm)
11. Industry Supply (short run industry supply, industry equilibrium in the short run, industry equilibrium in the long run, the meaning of Zero profits)
12. Production factors market (Present value, Future value of money)
13. Monopoly (Maximizing profits, linear demand curve and monopoly, deadweight loss monopoly) and Oligopoly Test 2
14. Replacement test
Type of evaluation,
repetition, calculation
of grade, etc.
written test
 
Compulsory literature: Begg, Fisher, Dornbush: Economics, McGraw-Hill Education (11th Edition)
Suggested literature: Samuelson, Nordhaus: Economics (2009)