Basic of Microeconomics - a subject offered in English 330-ES1-1MIK1#E
Study profile: General academic
Mode of study: Full-time
Course type: Basic, Module 2
Field and discipline of science: Social Sciences, Economics and Finance
Year of study: 1, Semester: 1
Prerequisites: None
Number of contact hours by type of class:
15 hours of lectures + 15 hours of classes
Teaching methods:
Lectures supported by PowerPoint presentations.
Classes requiring active student participation, including: oral responses, solving tests and exercises, and joint discussion of topics assigned by the instructor.
Individual consultations.
Number of ECTS credits: 3
Student workload distribution:
Participation in lectures – 15 hours
Participation in classes – 15 hours
Preparation for classes – 12 hours
Written assignments based on class topics – 5 hours
Preparation for the midterm/test – 8 hours
Participation in consultations – 6 hours
Preparation for the final exam – 12 hours
Final exam – 2 hours
Total student workload: 75 hours
Quantitative indicators:
Student workload related to classes requiring direct involvement of the academic teacher: 38 hours (1.52 ECTS credits)
Course coordinators
Type of course
Mode
Learning outcomes
KNOWLEDGE
1MIK1_W01 The student possesses advanced knowledge and understanding of microeconomic issues (market and consumer analysis) and is familiar with the corresponding microeconomic theories. (KP6_WG1)
1MIK1_W02 The student has knowledge and understanding of selected topics concerning economic structures and institutions that influence the behavior of economic agents. (KP6_WG2)
SKILLS
1EKO1_U01 The student is capable of applying knowledge in the field of economics and finance; they are able to describe, analyze, and interpret microeconomic processes; they can identify the causes and effects of economic phenomena at the market and consumer levels; they recognize the complexity of socio-economic phenomena and use appropriate economic terminology in their descriptions. (KP6_UW1)
1MIK1_U02 The student is able to apply knowledge to formulate and solve complex problems related to market functioning and consumer behavior, and engages in critical analysis of microeconomic issues. (KP6_UW3)
SOCIAL COMPETENCES
1MIK1_K01 The student is ready to critically assess their own knowledge in the context of the dynamic and variable nature of economic processes, and is aware of the level of their competences and skills. (KP6_KK1)
1MIK1_K02 The student is prepared to recognize the importance of knowledge in economics and finance for solving microeconomic problems, including through the use of specialist literature. (KP6_KK2)
Assessment criteria
Forms of course completion:
The course Microeconomics Part 1 is completed based on a written final examination conducted during the winter examination session. The exam includes both open-ended and closed-ended questions.
A prerequisite for taking the final exam is the prior completion of the course exercises. Attempting the exam without having passed the exercises results in the invalidation of the exam result.
Exercises – a graded credit is awarded based on the student’s activity during classes, the quality of homework assignments, and the results of the midterm test.
Passing the course requires obtaining at least 51% of the possible points on the final exam. The quantitative assessment criteria for evaluating learning outcomes within the course are consistent with § 23, paragraph 6 of the Study Regulations of the University of Białystok of 26 June 2019 (as amended).
Test results will be made available after being reviewed by the instructor.
All students enrolled in the course are subject to the same scheduled dates for both the final and retake examinations.
Alternative dates or forms of course completion are not provided.
General conditions are specified in the Study Regulations of the University of Białystok (Annex to the Rector’s Announcement No. 6/2022 of 7 December 2022).
Bibliography
Basic literature:
Mankiw, N. G., Taylor, M. P., Microeconomics, Cengage Learning EMEA, 2017.
Krugman, P., Wells R., Microeconomics, Worth Publishers cop., New York 2015.
Complementary literature:
Pancs, R., Lectures on microeconomics, Cambridge, Massachusett, London 2018..
Solek A., Exercises in Microeconomics, Cracow University of Economics Press, Cracow 2013.
Sloman J., Essentials of Economics, Pearson Education, Economics Network, University of Bristol, 2007.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: