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Course Description

Course:  Microeconomic Consumption and Production Theory

Code:  ECO201

Semester: Α

Tutors:  G. Kaplanoglou

              Ε. Αthanasiou             

The purpose of the course is to give students a thorough understanding of
 the analytical tools and principles of economics that are applied to the
 behaviour of individual decision makers, both consumers and producers.

 Lectures will cover:

a.  Consumer theory: Preferences and utility. Optimal Choice. Income and substitution effects. Deriving individual and aggregate demand curves. Elasticities. Consumersurplus

 b.  Production and cost theory: Inputs and production functions. Cost and
 cost minimization. Cost curves. Profit maximization. Market equilibrium.

 The successful completion of this course should allow students to
 understand the nature and scope of formal microeconomic analysis as an
 applicable scientific tool and how theoretical and applied models of
 individual optimization can be expressed in mathematical terms.

Course books:

Hal R. Varian, “Mικροοικονομική: Μια Σύγχρονη Προσέγγιση”, τόμος Α΄, εκδόσεις Kριτική 1993.
W. Nicholson, “Μικροοικονομική Θεωρία: Βασικές Αρχές και Προεκτάσεις”, εκδόσεις Κριτική,1999.