Foundations of Microeconomics
Vrije Universiteit Amsterdam
Amsterdam, The Netherlands
Area of Study
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
Bridging Theory and Practice - Knowledge:
Know the basics of microeconomics. See topics above
Bridging Theory and Practice - Application:
At the end of the course you:
(1) can abstract from irrelevant details;
(2) can apply economic concepts and theory to analyze concrete problems;
(3) are able to interpret economic news;
(4) distinguish between correlation and causal effect.
Topics to be discussed are:
- Consumers, sellers and Incentives;
- Perfect competition, Trade;
- Externalities and public goods;
- Labor market/ human capital/unemployment;
- Economics of Information;
- Game theory/ Auctions;
- Socio/behavior economics.
Lectures and working groups
TYPE OF ASSESSMENT
Grade is average of problem sets (30 %) and written examination (70%), with written exam grade of at least 5.0.
Basic knowledge of math and statistics, as provided in the academic core of any academic program at the Vrije Universiteit Amsterdam or equivalent.
Courses and course hours of instruction are subject to change.
Some courses may require additional fees.