Foundations of Microeconomics

Dit vak wordt in het Engels aangeboden. Omschrijvingen kunnen daardoor mogelijk alleen in het Engels worden weergegeven.

Doel vak

Bridging Theory and Practice - Knowledge:
Know the basics of microeconomics. See topics above

Bridging Theory and Practice - Application:
At the end of the course you:
(1) can abstract from irrelevant details;
(2) can apply economic concepts and theory to analyze concrete problems;
(3) are able to interpret economic news;
(4) distinguish between correlation and causal effect.

Inhoud vak

Topics to be discussed are:
• Consumers, sellers and Incentives;
• Perfect competition, Trade;
• Externalities and public goods;
• Labor market/ human capital/unemployment;
• Economics of Information;
• Game theory/ Auctions;
• Socio/behavior economics.


Lectures and tutorials


Grade is average of problem sets (30 %) and written examination (70%),
with written exam grade of at least 5.0.

Vereiste voorkennis

Basic knowledge of math and statistics, as provided in the academic core
of any academic program at the Vrije Universiteit Amsterdam or


Acemoglu, Daron, David Laibson and John A. List, 2016, Economics,
Harlow, Essex, Pearson Education Ltd. ISBN 13: 978-1-292-07920-2, incl.
access code MYECONLAB.


Third-year bachelor students of any major (except Economics and

Overige informatie

This course is an integral part of the University Minor Economics;
participants are strongly advised to attend the entire minor in
economics program. Completing the entire program can give access to the
Msc in economics program

Algemene informatie

Vakcode E_ME_FM
Studiepunten 6 EC
Periode P1
Vakniveau 100
Onderwijstaal Engels
Faculteit School of Business and Economics
Vakcoördinator prof. dr. P.A. Gautier
Examinator prof. dr. P.A. Gautier

Praktische informatie

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