Microeconomics

1.8.2026 - 31.7.2027

6 cr

Face-to-face

Core studies

· Consumer choice theory

· Firm production and costs

· Profit maximization by firms

· Analysis of perfect competition, monopolistic competition, oligopolistic competition, and monopoly

· Decision-making under risk and expected utility theory

· Asymmetric information and principal-agent theory

Contains

Check the institution’s website for the required studies.

No active implementations at present.

Fields

Business, administration and law

Scope

6 cr

Code

A250A0400

After completing the course, the student will be able to:

· explain the fundamentals of consumer and producer optimization behavior and their connections to market demand and supply

· apply consumer and firm theory and related models to analyze and solve simplified decision-making problems

· define various market situations and analyze firms' strategic behavior in different competitive scenarios

· consider the role of regulation, information, and uncertainty in the decision-making of firms and consumers

· formulate and solve simplified mathematical problems related to the above topics.

LUT University

Sustainable development and growth

Society and interaction

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