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Subject 'Microeconomics'

Name in Estonian: Mikroökonoomika

Year:   2015/2016    2016/2017    2017/2018    2018/2019    2019/2020    

State codeTLM474
Study languageEstonian
ChairKeskused - humanitaar
Credit points 3 ECTS
Grading method Exam

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)

Is taught in following curricula

2018: TL  
2017: TL  
2016: TL  
2015: TL  
2014: TL  
2013: TL  

Related subjects

Replacement Subjects
TLM318 Micro- and Macroeconomics
TLM116 Micro- and Macroeconomics
TLM310 Micro- and Macroeconomics
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