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Curriculum subject

Microeconomics

Subject
Subject code TLM474
Subject name Microeconomics
Credit points 3 ECTS
Grading method Exam
Subject program
Curriculum subject
Curriculum 2017 TL
Study year 1
Semester Fall semester
Subject type Mandatory
Subject loads
Lecture 12
General description
Economic History. Economics and the nature of economic science.
Demand and supply, elasticity.
Mechanisms of the market economy.
Consumer behavior, consumption of optimization, making a purchasing decision.
Production, production capacity, production costs, and production optimization.
Forms competition.
Resource Markets.
Game Theory.
General aim
Develop economic analysis of the processes occurring in the future.
Provide expertise in the micro-economy of the processes of creating a pre-theoretical basis of economic concepts and theories.
The goal is to acquire a functioning economy based on the principles of rational decision-acceptance ability.
Aim
Manages terminology and key concepts in the economy functioning universal principles and concepts of modern economic trends and developments.
Is acquired and can analyze the economic behavior of market participants.
Can be estimated by microeconomic processes in.
Is able to discuss and defend their positions in a variety of economic situations.
Form description
Every lecture is based on assignments and discussions.
Literature
Kerem, K., Randveer, M. (2007) Mikro- ja makroökonoomika põhikursus. Külim. 158 lk.
Kerem, K., Keres, K., Randveer, M. (2004) Mikroökonoomika alused. Külim. 304 lk.
Eamets, R., Kaasa, A. (2005) Sissejuhatus majandusteooriasse. Tartu. 341 lk.
Arrak, A., Eamets, R. jt. (2008) Eesti majandus: lõimumine Euroopa ja globaalses kontekstis. Tartu. 360 lk.
Arrak, A., Eamets, R. jt. (2002) Majanduse ABC. Tartu. 396 lk.
Randveer, M. (2006) Mikroökonoomika ülesannete ja harjutuste kogu. Külim. 104 lk.
Eesti Panga, Eesti Statistikaameti, OECD, Eurostat jms trükised, andmebaasid, veebilehed.
Evaluation methods
Each learning outcome is cover by independent homework (about 10 tests and a forum, a total of 40% of the final grade). In addition, there will be two control tests. The first test covers the outcomes of 1-3 (30% of the final grade) and the second test covers learning outcomes 4-5 (30% of the final grade).
Name of the e-learning course at Moodle environment (http://ekool.tktk.ee)
https://moodle.toompalu.ee/
Replacement Subjects
TLM318 Micro- and Macroeconomics
TLM116 Micro- and Macroeconomics
TLM310 Micro- and Macroeconomics
Current rounds
None
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