Starfsfólk VÍ
Fréttir frá alþjóðasamstarfinu
Komdu í heimsókn á bókasafnið
Fjarnám
This course introduces the topics of different types of costs and the relationship between production and cost. The course analyses both costs in the short run and the long run. Students study different market structures and their feature. The role of firms in competitive markets are explained. The concepts of Monopoly, imperfect competition and price discrimination are studied. In addition, the course analyses monopolistic competition, Oligopoly, basic concepts in game theory and the economics of cooperation. Furthermore, students study profit maximization in different market structures and the effect of entry of barriers to a market. There is emphasis on the calculation through the use of examples.
Student evaluation consists mostly of tests but also assignments.