Concepts and Methods in Law and Economics / Introduction to Microeconomics

Demand and supply theory. Elasticity and its application. Supply, demand in economic policy. Consumer, producer and market efficiency. The costs of production. Firms on competitive market. The costs of taxation. The design of fiscal systems. Market failures: monopoly, oligopoly. The game theory. Public goods and externalities. Asymmetric information.

The aim of course is to introduce student to foundations of law and economics in terms of microeconomics. During the course student will gain knowledge of demand and supply theory, as basic market forces, as well as demand and supply elasticity with its application. Thanks to the course student will be able to define elementary problems of government policies and to explain consumer and producer role in free-market economy. The course will provide student with skills for analyzing costs and taxes. During the course, the lecturer will present the basic market failures: monopoly and oligopoly as well as government failures. Moreover, students will learn to formulate main problems in terms of game theory. At the end of the course, student will be familiarized with basic concepts of public goods, externalities and asymmetric information.

Literatura podstawowa:

Mankiw G., Principles of economics, Thompson South-Western, 4th Edition, 2006

Literatura uzupełniająca:

Seidenfeld M., Microeconomic Predicates to Law and Economics, Cincinatti, 1998.

Kryteria oceniania:

egzamin tradycyjny-pisemny: 100.00%

Demand and supply theory. Elasticity and its application. Supply, demand in economic policy. Consumer, producer and market efficiency. The costs of production. Firms on competitive market. The costs of taxation. The design of fiscal systems. Market failures: monopoly, oligopoly. The game theory. Public goods and externalities. Asymmetric information.

The aim of course is to introduce student to foundations of law and economics in terms of microeconomics. During the course student will gain knowledge of demand and supply theory, as basic market forces, as well as demand and supply elasticity with its application. Thanks to the course student will be able to define elementary problems of government policies and to explain consumer and producer role in free-market economy. The course will provide student with skills for analyzing costs and taxes. During the course, the lecturer will present the basic market failures: monopoly and oligopoly as well as government failures. Moreover, students will learn to formulate main problems in terms of game theory. At the end of the course, student will be familiarized with basic concepts of public goods, externalities and asymmetric information.

Literatura podstawowa:

Mankiw G., Principles of economics, Thompson South-Western, 4th Edition, 2006

Literatura uzupełniająca:

Seidenfeld M., Microeconomic Predicates to Law and Economics, Cincinatti, 1998.

Kryteria oceniania:

egzamin tradycyjny-pisemny: 100.00%

Demand and supply theory. Elasticity and its application. Supply, demand in economic policy. Consumer, producer and market efficiency. The costs of production. Firms on competitive market. The costs of taxation. The design of fiscal systems. Market failures: monopoly, oligopoly. The game theory. Public goods and externalities. Asymmetric information.

The aim of course is to introduce student to foundations of law and economics in terms of microeconomics. During the course student will gain knowledge of demand and supply theory, as basic market forces, as well as demand and supply elasticity with its application. Thanks to the course student will be able to define elementary problems of government policies and to explain consumer and producer role in free-market economy. The course will provide student with skills for analyzing costs and taxes. During the course, the lecturer will present the basic market failures: monopoly and oligopoly as well as government failures. Moreover, students will learn to formulate main problems in terms of game theory. At the end of the course, student will be familiarized with basic concepts of public goods, externalities and asymmetric information.

Literatura podstawowa:

Mankiw G., Principles of economics, Thompson South-Western, 4th Edition, 2006

Literatura uzupełniająca:

Seidenfeld M., Microeconomic Predicates to Law and Economics, Cincinatti, 1998.

Kryteria oceniania:

egzamin tradycyjny-pisemny: 100.00%

Demand and supply theory. Elasticity and its application. Supply, demand in economic policy. Consumer, producer and market efficiency. The costs of production. Firms on competitive market. The costs of taxation. The design of fiscal systems. Market failures: monopoly, oligopoly. The game theory. Public goods and externalities. Asymmetric information.

The aim of course is to introduce student to foundations of law and economics in terms of microeconomics. During the course student will gain knowledge of demand and supply theory, as basic market forces, as well as demand and supply elasticity with its application. Thanks to the course student will be able to define elementary problems of government policies and to explain consumer and producer role in free-market economy. The course will provide student with skills for analyzing costs and taxes. During the course, the lecturer will present the basic market failures: monopoly and oligopoly as well as government failures. Moreover, students will learn to formulate main problems in terms of game theory. At the end of the course, student will be familiarized with basic concepts of public goods, externalities and asymmetric information.

Literatura podstawowa:

Mankiw G., Principles of economics, Thompson South-Western, 4th Edition, 2006

Literatura uzupełniająca:

Seidenfeld M., Microeconomic Predicates to Law and Economics, Cincinatti, 1998.

Kryteria oceniania:

egzamin tradycyjny-pisemny: 100.00%