This module aims to give a glimpse of some theories covered in the Microeconomics curriculum of Bachelor’s programs. The point of departure will be the neo-classical theory of exchange value. We will see what market demand and market supply correspond to, and study how the two sides of the market interact through the price system. We will also study policies that affect demand and supply, such as production and consumption taxes and subsidies. Later on, we will study the behaviour of firms and the influence of market structure on this behaviour. Our purpose is not just to describe how the economy works but also to assess how well it works.
Module Leader:Cabau Noémie Aimée