Institute: Gazdaság- és Társadalomtudományi Intézet (1084 Budapest, Tavaszmező u. 15-17.) Credit: 4
Type of classes: Nappali Language: angol Semester: 2017/18/1
Level: Mûszaki menedzser BSc angol nyelvû képzés;
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: 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
though the purposes and
process of economical acts with the knowing of phenomenons and actors of microeconomics. The microeconomics supports the tution of applied
Requirements during the semester
(homeworks, essays,
excercises, teamworks,
part and final
oral/written exam etc.):
week No. 8 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
classes, make a presentation and
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
examination fee. This is
writing exam with the whole curriculum.
Examination method is writing and oral.
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
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.
Pre test in writing in the 8th week.
Type of evaluation,
repetition, calculation
of grade, etc.
est in writing and oral
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.