Institute: Gazdaság- és Társadalomtudományi Intézet (1084 Budapest, Tavaszmező u. 15-17.) Credit: 4
Type of classes: Nappali Language: angol Semester: 2019/20/1
Level: Mûszaki menedzser BSc angol nyelvû képzés; ERASMUS;
Responsible Teacher: Dr. Medve András Teacher(s): Földi Péter;
Consultations (total/week): Heti Lectures: 2 Practice lectures: 2 Labs: 0 Consultations: 0
Type of Exam: vizsga
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,
part and final
oral/written exam etc.):
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
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.
test in writing
Type of evaluation,
repetition, calculation
of grade, etc.
test in writing
Compulsory literature: Hal R. Varian Intermediate microeconomics - W.W. Norton & Company New York, London 2006.
Theodore C. Bergstrom- Hal R. Varian: Workouts in intermediate microeconomics - W.W. Norton & Company New York, London 2006.
Suggested literature: Paul Samuelson - William Nordhaus: Microeconomics - McGraw - Hill Economics 2009.
Horváth I. - Láhm Sz. - Medve A: Mikroökonómia szemelvénygyûjtemény 2001.
David Begg – Giabluigi Vernasca – Stanley Fischer – Rudiger Dornbush : Economics, Berkshire, 2014.