Microeconomics: Introduction to micro-economic theory. Market mechanism: Demand and supply. Behavior of consumer: Theory of absolute utility, Theory of cardinal utility. Theory of production and production cost. Market types: perfect competition, monopoly, monopolistic competition, oligopoly. Macroeconomics: National Accounts. The Keynesian model. The IS-LM model.
ECTS : 3
Language : el
Learning Outcomes : Upon successful completion of the course, the student will be able to: • Understand the basic concepts of microeconomics and macroeconomics. • Become familiar with the determination of key macroeconomic aggregates. • Approach equilibrium problems at microeconomic and macroeconomic levels.