MicroeconomicsSyllabus

Subject code

İF-2603y

Credits

10

Student workload

210

Semester

Autumn semester

Academic year

2025-2026

Subject type

Mandatory

Form of education

Full-time

Language of instruction

Azerbaijani

In-class hours

45 saat mühazirə , 45 saat məşğələ

Out-of-class hours

50 saat-MRTSİ, 160 saat-TSİ

90 hours of classroom hours are planned for the teaching of the subject "microeconomics". 45 hours of them are allocated to lecture classes and 45 hours to practical training classes. students' free work (tsi) is 210 hours. this includes SI - performance and delivery of free work, preparation for lectures, seminars, laboratory classes, colloquiums. students are given 1 to 5 free tasks or 2-5 students are given 1 free task as a group. each of the free works is evaluated from 1 to 10 points and makes up a total of 10 points per semester. if necessary, students can be given 1 independent assignment with a larger and more scientific content. at this time, that free task is evaluated on a 10-point scale. at the end of the semester, the student's attendance in the subject is evaluated with 10 points, practical exercises and colloquiums with 30 points, and free assignments with 10 points. the remaining 50 points for the subject are determined in the exam. it is planned to carry out the study load in the 2nd semester. the teaching of the subject results in an exam. 10 credits are provided for the subject in the educational program.

• lecture
• interactive discussion
• seminar
• case study
• presentations
• teamwork

1. 1

   CLO 1: Basics of microeconomic theory: • defines and lists the fundamental concepts of microeconomics, market laws, and economic categories. model building and economic relations: • explains the mechanism of supply and demand, interprets market processes, and describes the behavior of individual consumers and firms. applied analysis and market indicators: • uses microeconomic models to calculate market equilibrium, price elasticity, and the responses of individual firms to changes in supply and demand. diagnostics of firm and market behavior: • analyzes and compares the behavior of firms in different market structures, including perfect competition, oligopoly, and monopoly. practical application of microeconomic models and justification of decisions: • develops alternative decision options for specific economic situations and relates market conditions to theoretical models. interpretation and evaluation of the policy: • evaluates and justifies the consequences of economic decisions in terms of market efficiency and social welfare.

1. 1.
   Introduction to microeconomics. subject and methodology of microeconomics. economic systems.Lecture

   A general description of the role and importance of economic theory in social life. evolution of views of economic scientists on the concept of "self" of economic thought. interaction of economic theory with other sciences. economic policy. the roots of economic thought: the teachings of the thinkers of the ancient world. the first important economic schools of world civilization. main directions of modern economic thought. contributions of world scientists to economic science. different economic schools on the subject of economic theory. methodology of economic theory and its specificity. levels of study of economics in economic theory. economic categories and laws. basic economic concepts. human models in economic theory. teachings about the environment of human activity. economic systems of society: concept, content, classification.

2. 2.
   Market. structure and infrastructure of the market: essence and main elements.Lecture

   The main forms of public economy and their models. commodity (market) economy. multiplicity of market definition. evolution of market views. market economy. the essence of the market: its functions and role in the economic system. market classification. the multi-criteria nature of the market structure and system. the essence, creation and main elements of the market infrastructure. stock exchanges and their role in the market economy.

3. 3.
   System-creating elements of the market: goods and money.Lecture

   Commodity and its properties. k. marx's teaching about the dual nature of labor embodied in commodities. value, preciousness, usefulness. labor-value theory and marginal utility theory. the nature of money, its concepts and functions. law of money circulation. monetary systems.

4. 4.
   The essence, elements, laws of the market.Lecture

   Characteristics of the market mechanism and the basic laws of the market. the law of demand and diminishing demand. elasticity of demand. the law of change in supply and demand. elasticity of supply. market equilibrium. the law of supply and demand.

5. 5.
   Economic institutions and property in the market economy.Lecture

   The nature of economic institutions and their role in the market economy system. property as an economic and legal category. theories of property. types and forms of ownership in the modern economy. denationalization and privatization. the experience of foreign countries.

6. 6.
   Introduction to microeconomics. subject and methodology of microeconomics. economic systems.Lecture

   A general description of the role and importance of economic theory in social life. evolution of views of economic scientists on the concept of "self" of economic thought. interaction of economic theory with other sciences. economic policy. the roots of economic thought: the teachings of the thinkers of the ancient world. the first important economic schools of world civilization. main directions of modern economic thought. contributions of world scientists to economic science. different economic schools on the subject of economic theory. methodology of economic theory and its specificity. levels of study of economics in economic theory. economic categories and laws. basic economic concepts. human models in economic theory. teachings about the environment of human activity. economic systems of society: concept, content, classification.

7. 7.
   Introduction to economicsLecture

   Introduction to economics

8. 8.
   Introduction to economicsLecture

   Introduction to economics

1. 1. economic theory. microeconomics — 1,2: textbook / with the general editing of g. p. juravlyova, honored scientist of the russian federation, professor, doctor of economic sciences. - 4th edition, revised and supplemented. - m.: "dashkov and co" publishing and trade corporation, 2010. - 924 p. 2. fundamentals of microeconomics. 12th edition. ISBN 0134078810 / case carl e., fair ray c., oster sharon e. / pearson education inc 2017. 3. economic theory. textbook. azerb. EA correspondent member prof. t.s. valiyev, prof. a.r. babayev and prof. b.2001 with the general scientific editing of m.kh. meybullayev. 4. economy. textbook. s. ibadov. b. 2008. 5. economic theory. textbook. m. 2009. 6. economics: mcconnell k., brew s. в2т м. 1992. 7. economic theory. textbook. / azerbaijan e.a. correspondent member prof. 6. t.s. valiyev and i.e.d. edited by sh.s. gafarov. / baku 2002. 8. micro and macroeconomics: textbook. / m.c. atakishiyev, h.m. abbasov, n.h. abbasova. - azernashr - 2010. 9. fundamentals of economics: textbook. / n. gregory mankiw, harvard university./ CBS polygraphic production 2007. 10. capital. criticism of political economy by karl marx. / first volume, book i - capital production process / second edition / baku 1969. 11. MICROECONOMICS (textbook) / i.e.d., prof. q.y. abdulselimzadeh, i.e.d., prof. i.m. abbasov.