Content

The course covers principles of economics, with an emphasis on the economics of information and innovation. All topics will be based on microeconomic principles with an emphasis on calculus and problem-solving.
Lectures will cover applications that are relevant for students in innovation.
Part 1 Microeconomics
1) Supply and demand (MLD, Ch 2,3) Rangel, Unit 4
2) Government interventions (MLD, Ch 5,7,8) Rangel, Unit 5,6,9
3) Producer theory (MLD, Ch 9,10,11) Rangel, Unit 3
4) Consumer theory (MLD, Ch 12) Rangel, Unit 2
5) Monopoly (MLD, Ch 15) Rangel, Unit 7
6) Price discrimination and asymmetric information Rangel, Unit 7
Students learn the principles of consumer and producer theory, decision making under uncertainty, competitive markets, monopoly.
 

Course material

- Antonio Rangel, Principles of Economics for Scientists (Coursera course), and recent 2014 version: Principles of economics with calculus (edX course)
- Preston McAfee, Tracy Lewis, Donald Dale (MLD), Introduction to Economic Analysis, 2009
The course material consists of slides used in the lectures, problem sets and a handbook in intermediate microeconomics (for example: McAfee, Lewis and Dale; selected chapters from Belleflamme and Peitz).
 

Format: more information

The type of instruction is based on lectures and illustrated with examples based on calculus.

Content

The assignments will cover applications that are relevant for students in innovation.

Course material

- Antonio Rangel, Principles of Economics for Scientists (Coursera course), and recent 2014 version: Principles of economics with calculus (edX course)
- Preston McAfee, Tracy Lewis, Donald Dale (MLD), Introduction to Economic Analysis, 2009
The course material consists of slides used in the lectures, problem sets and a handbook in intermediate microeconomics (for example: McAfee, Lewis and Dale; selected chapters from Belleflamme and Peitz).
 

Format: more information

There are several practical sessions where problem sets are solved.

Content

The course covers principles of economics, with an emphasis on the economics of information and innovation. All topics will be based on microeconomic principles with an emphasis on calculus and problem-solving.
Lectures will cover applications that are relevant for students in innovation.
Part 2 Information and innovation
7) Dynamic choice and uncertainty (MLD, Ch 13)
8) Game theory and oligopoly (MLD, Ch 16, 17) Rangel, Unit 8
9) Information and incentives (MLD, Ch 18, 19)
10) Innovation and R&D (BP, Ch 18)
11) Intellectual property (BP, Ch 19)
12) Networks, standards and two-sided markets (BP, Ch 20-22)
Students learn the principles of imperfect competition, game theory and information economics, innovation economics and network industries.
 

Course material

- Preston McAfee, Tracy Lewis, Donald Dale (MLD), Introduction to Economic Analysis, 2009
- Belleflamme and Peitz (BP), Industrial Organization: Markets and Strategies, Cambridge University Press, 2010
The course material consists of slides used in the lectures, problem sets and a handbook in intermediate microeconomics (for example: McAfee, Lewis and Dale; selected chapters from Belleflamme and Peitz).
 

Format: more information

The type of instruction is based on lectures and illustrated with examples based on calculus.

Content

The assignments will cover applications that are relevant for students in innovation.

Course material

- Preston McAfee, Tracy Lewis, Donald Dale (MLD), Introduction to economic Analysis, 2009
- Belleflamme and Peitz (BP), Industrial Organization: Markets and Strategies, Cambridge University Press, 2010
The course material consists of slides used in the lectures, problem sets and a handbook in intermediate microeconomics ( for example: McAfee, Lewis and Dale; selected chapters from Belleflamme and Peitz).
 

Format: more information

There are several practical sessions where problems sets are solved.

Explanation

FEATURES OF THE EVALUATION

The final exam:

• The final exam will be a written, closed-book exam.
• Students can use a NON-graphic calculator to solve mathematical questions
• The exam consists of open questions

DETERMINATION OF FINAL GRADES#

* The grades are determined by the lecturer as communicated via Toledo and stated in the examination schedule. The result is calculated and communicated as a whole number on a scale of 20.

Both components of the course (“Microeconomics” and “Information and Innovation”) will count for 50% of the final grade.

SECOND EXAMINATION OPPORTUNITY

*The features of the evaluation and determination of grades are identical to those of the first examination opportunity, as described above

If a student passed for one of the components in the first examination period, he does not have to retake this part of the exam in the second examination period.