Institute: Gazdaság- és Társadalomtudományi Intézet (1084 Budapest, Tavaszmező u. 15-17.) Credit: 2
Type of classes: Nappali Language: angol Semester: 2019/20/2
 
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,
presentations,
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
semester
Topics of lectures/practices
1. Basics of economics. Demand and supply, finding the market equilibrium. Demand curve, supply curve and the Marshall Cross. Consumer surplus. Calculation tasks
2. Elasticity of demand (price elasticity, cross price elasticity and income elasticity of demand). Calculation tasks
3. Consumer behaviour (total and marginal utility functions). Maximizing total utility. Calculation tasks
4. Consumer preferences (indifference curves, the marginal rate of substitution). Budget constraint. Optimal choice. Calculation tasks
5. Producer behaviour. Production theory. Production functions (average product and marginal product). Isoquants and isocost lines. Optimal level of production. Calculation tasks
6. Production costs (accounting cost and economic cost). Calculation tasks
7. Test 1
8. Cost functions (total cost, fix costs, variable costs, average costs and marginal costs). Calculation tasks
9. Market structure (perfect competition, monopolistic competition, oligopoly, monopoly). Calculation tasks
10. Game theory. Calculation tasks
11. Monopoly (maximizing profits, welfare cost of monopoly, deadweight loss). Calculation tasks
12. Production factors market (labour market, financial markets and capital markets, present value and future value of money). Calculation tasks
13. Test 2
14. Replacement test
 
Type of evaluation,
repetition, calculation
of grade, etc.
Intervals of the grade:
under 50%: 1 (unsatisfying,)
50-62 %: 2 (pass mark)
63-75 %: 3 (satisfactory mark)
76-88 %: 4 (good mark)
89-100%: 5 (excellence)
Type of evaluation,
repetition, calculation
of grade, etc.
written test
 
Compulsory literature: Samuelson, Nordhaus: Economics, McGraw-Hill, 2012 (relevant chapters)
Begg, Fischer, Dornbusch: Economics, McGraw-Hill Education (11th Edition) (relevant chapters)