{"id":40576,"date":"2022-07-19T10:01:53","date_gmt":"2022-07-19T08:01:53","guid":{"rendered":"https:\/\/prawo.uwr.edu.pl\/?page_id=40576"},"modified":"2022-12-29T11:45:34","modified_gmt":"2022-12-29T10:45:34","slug":"fundamentals-of-microeconomics","status":"publish","type":"page","link":"https:\/\/prawo.uwr.edu.pl\/en\/bba-bachelor-of-business-and-administration\/fundamentals-of-microeconomics\/","title":{"rendered":"Fundamentals of Microeconomics"},"content":{"rendered":"\n
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Fundamentals of Microeconomics<\/h1>\n\n\n

Program:<\/strong> Bachelor of Business and Administration (Specialisations: Business, Finance, Governance)<\/a>
ECTS:<\/strong> 4
Lecturer:<\/strong> Dr. Mateusz Machaj
Email: <\/strong>mateusz.machaj@uwr.edu.pl<\/a><\/p>\n\n\n\n

Type:<\/strong> Compulsory
Level: <\/strong>Elementary<\/p>\n\n\n\n

Lecture<\/strong>
Number of hours:<\/strong> 2h X 8 weeks = 16 hours (1 semester)<\/p>\n\n\n\n

Classes<\/strong>
Number of hours:<\/strong>  2h X 7 weeks = 14 hours (1 semester)<\/p>\n<\/div>\n<\/div>\n\n\n\n

\n

Objective:<\/strong> <\/p>\n\n\n\n

  • Introduction to basic microeconomic fundamentals to administration students.<\/li><\/ul>\n\n\n\n

    Assessment<\/strong>: <\/p>\n\n\n\n

    • The final grade consists of: exam ( 100 % ).<\/li><\/ul>\n\n\n\n

      Contents<\/strong>: <\/p>\n\n\n\n

      • Positive economics, scarcity, choices, opportunity costs, and constraints.<\/li>
      • Legal systems, rules of the game, property rights, spontaneous orders.<\/li>
      • Factors of production, division of labor, and exchange.Importance of innovation. Difference between innovation and technological growth.<\/li>
      • History and benefits of money and credit.<\/li>
      • Costs, prices and consumer preferences.<\/li>
      • Profits, losses and economic calculation.<\/li>
      • Supply-demand framework and its limitations.<\/li>
      • Price controls and socialism. Benefits and limits of economic calculation.<\/li>
      • Balance sheet, profits margins and business planning.<\/li>
      • Uncertainty, risk, and insurance.<\/li>
      • Interest rates, time in production and capitalization.<\/li>
      • Competition and market contestability.<\/li>
      • Bureaus and bureaucracy.<\/li>
      • Economics of the state.<\/li><\/ul>\n\n\n\n

        Sources<\/strong>
        Recommended reading:<\/strong> <\/p>\n\n\n\n

        • None, only lectures.<\/li><\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

          Program: Bachelor of Business and Administration (Specialisations: Business, Finance, Governance)ECTS: 4Lecturer: Dr. Mateusz MachajEmail: mateusz.machaj@uwr.edu.pl Type: CompulsoryLevel: Elementary LectureNumber of hours: 2h X 8 weeks = 16 hours (1 semester) ClassesNumber of hours:  2h X 7 weeks = 14 hours (1 semester) Objective:  Introduction to basic microeconomic fundamentals to administration students. Assessment:  The final grade consists of: exam ( 100 % ). Contents:  […]<\/p>\n","protected":false},"author":20,"featured_media":40234,"parent":40462,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[],"tags":[],"class_list":["post-40576","page","type-page","status-publish","has-post-thumbnail","hentry"],"featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","menu-24x24":"","menu-36x36":"","menu-48x48":""},"post_excerpt_stackable_v2":"

          Fundamentals of Microeconomics Program: Bachelor of Business and Administration (Specialisations: Business, Finance, Governance)ECTS: 4Lecturer: Dr. Mateusz MachajEmail: mateusz.machaj@uwr.edu.pl Type: CompulsoryLevel: Elementary LectureNumber of hours: 2h X 8 weeks = 16 hours (1 semester) ClassesNumber of hours:  2h X 7 weeks = 14 hours (1 semester) Objective:  Introduction to basic microeconomic fundamentals to administration students. Assessment:  The final grade consists of: exam ( 100 % ). Contents:  Positive economics, scarcity, choices, opportunity costs, and constraints.Legal systems, rules of the game, property rights, spontaneous orders.Factors of production, division of labor, and exchange.Importance of innovation. Difference between innovation and technological growth.History and benefits of money and credit.Costs, prices and consumer preferences.Profits,…<\/p>\n","category_list_v2":"Uncategorized","author_info_v2":{"name":"mmatlinski","url":"https:\/\/prawo.uwr.edu.pl\/en\/author\/mmatlinski\/"},"comments_num_v2":"0 comments","acf":[],"yoast_head":"\nFundamentals of Microeconomics - Wydzia\u0142 Prawa, Administracji i Ekonomii<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prawo.uwr.edu.pl\/en\/bba-bachelor-of-business-and-administration\/fundamentals-of-microeconomics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fundamentals of Microeconomics - Wydzia\u0142 Prawa, Administracji i Ekonomii\" \/>\n<meta property=\"og:description\" content=\"Program: Bachelor of Business and Administration (Specialisations: Business, Finance, Governance)ECTS: 4Lecturer: Dr. Mateusz MachajEmail: mateusz.machaj@uwr.edu.pl Type: CompulsoryLevel: Elementary LectureNumber of hours: 2h X 8 weeks = 16 hours (1 semester) ClassesNumber of hours:  2h X 7 weeks = 14 hours (1 semester) Objective:  Introduction to basic microeconomic fundamentals to administration students. 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