Aims

1.a        Analyses the environment in which an organisation is active and estimates the influence of environmental factors on the functioning of the organisation.

3.b        Analyses for the most important market forms the price setting and the various pricing setting strategies.

3.b.1     Analyses using micro-economic concepts (bv.: price elasticities) the price setting and the different price setting strategies for the most important market forms.

3.c        Interprets and underpins behaviour of producers and consumers based on academic, economic concepts and theories.

3.d        Critically analyses the impact of various forms of government regulation on the most important market forms.

3.d.1.    Analyses in a critical manner using the academic, micro-economic framework the impact of non-market conform and market conform government instruments

3.d.2.    Understands the market conditions under which government intervention in the market can increase welfare.

3.h        Defines, explains and uses, both graphically and model-based, macro- and micro-economic concepts.

3.h.1.    Defines, explains and uses both graphically and model-based, micro-economic concepts (e.g. external effects, taxes and subsidies, etc.).

3.h.2    Has insight into the functioning of the free market, the principle of elasticities, and the impact of supply and demand shocks.

3.h.3    Has insight into the economics behind external effects, such as environmental pollution, and can demonstrate how to internalize them.

3.i         Describes the perspectives economic sciences, uses them in a (business) economics context and reflects critically on them.

3.i.1.     Describes the perspectives economic sciences as an economist and using the academic, micro-economic framework, uses them in a (business) economics context and reflects critically on them.

8.g        Shows interest in current affairs and broadens his background knowledge

12.c      Reflects on business and economic thinking and behaviour from a social and ethical point of view

Previous knowledge

The admission criteria for the programme can be found in the programme catalogue.

No prior knowledge is required for this course.

The following competences are however important:

-           Being  critical

-           Being interested in current economic events/topics

Identical courses

This course is identical to the following courses:
HSH12A : Micro-economie (S)
HTH11A : Micro-economie (BL)
Y05066 : Micro-economie (S)
HVE10A : Principles of Managerial Economics

Is included in these courses of study

• Bridging Programme: Master of Business Administration (Brussels) 60 ects.
• Courses for Exchange Students Faculty of Economics and Business (Brussels)