Institute: Gazdaság- és Társadalomtudományi Intézet (1084 Budapest, Tavaszmező u. 15-17.) Credit: 2
Type of classes: Nappali Language: angol Semester: 2018/19/2
Level: Környezetmérnök BSc szak angol nyelvű képzés;
Responsible Teacher: Dr. Medve András Teacher(s): Dr. Szekeres Valéria;
Consultations (total/week): Heti Lectures: 1 Practice lectures: 1 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 contexts and interactions with the help of fundamental economic learning. The
students can see the purposes and process of economic acts through understanding phenomena and actors of microeconomics. The microeconomics supports
the tuition of applied economic subjects.
Requirements during the semester
(homeworks, essays,
excercises, teamworks,
part and final
oral/written exam etc.):
Week No. 7 and 13: written test to attain min. 50% of points. The students are required to participate in classes. The term is not succesful in the
lack of above requirements. Evaluation happens by scoring. The tasks are theoretical and practical.
The method of supplement: Students can write the test again in the last class. There is an extra 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 written exam based on the whole curriculum.
Week of
Topics of lectures/practices
1. Basic of Economics (market, cunsomers, preferences, supply, demand)
2. The Market (optimalization ans Equilibrium, The Demand Curve, The Supply Curve, Market Equlibrium, Pareto Efficiciency)
3. Preferences (Consumer preferences, assumptions about preferences, indiference Curves, well-Behaved preferences, The marginal rate of substitution, Behavior of MRS.)
4. Choice (optimal choice,consumer demand, estimating utility functions, implcations of the MRS conditions, choosing taxes)
5. Demand (formal and inferior goods, Income offer curves and Engel curves, ornary goods and giffen goods)
6. Buying nad Selling (net and gross demands, The budget constraint, changing the endowment, price changes, offer curves and demand curves, The Slutsky Equation revisted)
7. Firm supply (market environments, pure competition,the supply decision of a competitive firm, an exception, the long run supply curve of a firm, long run constant average costs)
8. Equilibrium (supply, market equlibrium, inverse demand and supply curves, pareto efficiency)
9. Cost curves (average costs, marginal costs, marginal costs nad variable costs, long run costs, long run marginal costs)
10. Firm supply (market envrionments, 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. Monopoly (Maximizing profits, linear demand curve and monopoly, deadweight loss monopoly) and Oligopoly
13. Welfare (aggregation of preferences, social welfare functions, welfare maximization, individualistic social welfare functions)
14. Summary
Type of evaluation,
repetition, calculation
of grade, etc.
Intervals of the grade:
under 50%: 1 (unsatisfying,)
50-62,5 %: 2 (pass mark)
62,5-75 %: 3 (satisfactory mark)
75-87,5 %: 4 (good mark)
87,5-100%: 5 (excellence)
Type of evaluation,
repetition, calculation
of grade, etc.
written test
Compulsory literature: Begg, Fisher, Dornbush: Economics, McGraw-Hill Education (11th Edition)
Samuelson, Nordhaus: Economics (2009)