Introductory microeconomics: exercises

The objective of the course is to make students acquainted with international standards, trends and concepts in contemporary microeconomics. The course is designed to help the students to get skills, abilities and content knowledge required to pass the Advanced Placement Test which is carried out annually worldwide by American College Board.

The purpose of the course is to give students a thorough understanding of the principles of economics in application to individual decision makers, both consumers and firms. The course concentrates on the nature and functions of product markets. It includes the study of factor markets and of the efficiency and failures of competitive markets.