Duration: 3 hours for 13 weeks [ECTS: 6]

Course outline

1. Theory of Costs
2. Perfect Competition
3. Monopoly
4. Price Discrimination
5. Monopolistic Competition
6. Oligopoly

Learning Outcomes

• Students should be able:
• To model cost-minimization of the firm.
• To model both short-run and long-run cost functions.
• To analyze short-run and long-run equilibria of perfectly competitive markets.
• To model and analyze monopoly firms’ profit maximization.
• To analyze oligopoly markets.
• To analyze and model competition in oligopoly markets.