29.09.2012 Views

EHL Course Catalogue 2011-2012 - Ecole Hôtelière de Lausanne

EHL Course Catalogue 2011-2012 - Ecole Hôtelière de Lausanne

EHL Course Catalogue 2011-2012 - Ecole Hôtelière de Lausanne

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

8113BR – Microeconomics<br />

40 hours of contact – 4 US quarter credits - 5 ECTS credits<br />

� Summary<br />

This unit gives an overview of key microeconomic topics: supply, <strong>de</strong>mand and market-price setting;<br />

price-elasticity of <strong>de</strong>mand and supply; types of market structure (competition, monopoly, cooperative<br />

and non-cooperative oligopoly); cost structure; game theory; externalities. Most of the analyses will<br />

hinge on the central assumption that firms aim to maximize profit.<br />

� Objective<br />

On successful completion of this course, stu<strong>de</strong>nts should be able to i<strong>de</strong>ntify the main <strong>de</strong>terminants of<br />

the price of goods, services and production factors by type of market; Assess the impact of cost<br />

structure on price-setting and on a firm‟s business strategy; Discuss the relevance of measures<br />

imposed on the market by the government inten<strong>de</strong>d to counterbalance externalities (mainly<br />

environmental cost) caused by production and consumption.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!