The course develops knowledge about how the product markets and markets of production inputs operate, and how economic agents participating in these markets make their economic decisions. It enhances the economic way of thinking by focusing on “marginal benefits – marginal costs” principle. Students are expected to gain insight into: the mechanism of optimal consumer behavior, types and dynamics of short-run and long-run production costs, optimal production decisions in perfectly competitive markets, specific features of imperfect competition (monopoly, monopolistic competition, oligopoly) and the behavior of companies in these markets, and also the markets for production inputs (labor, land and capital) and optimal firm decisions.
Lecturer: Prof. Mariya Neycheva, PhD- Преподавател: проф. д-р Мария Нейчева