Microeconomics for Business

The first half of the course introduces the supply and demand framework, then deepens the understanding of the model and extends the scope of the analysis by looking under the hood. Here we investigate how consumer choices and firm level decisions create demand and supply. In the second half of the course we introduce new aspects of analysis (like social welfare). We also introduce some reallife imperfections (market power, externalities, uncertainty) which require more sophisticated exposition.

Corvinus University of Budapest awards credits based on the ECTS system (2 ECTS credits equals 1 U.S. credit therefore, 6 ECTS credits is equivalent to 3 U.S. credits). At Corvinus University of Budapest, all classes meet for a minimum of 180 minutes per week. Contact hours are calculated through a combination of lecture hours and outside activities which can include (workshops, seminars, fieldwork activities, guest lectures, and independent work) therefore, contact hours may vary on syllabi.