Courses Bachelor Display 2022-2023

Course Description To PDF
Course title Data-Driven Decision Theory
Course code EBC1046
ECTS credits 6,5
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
4 6-2-2023 31-3-2023 X X
Level no level
Coordinator Elias Tsakas
For more information: e.tsakas@maastrichtuniversity.nl
Language of instruction English
Goals
* Students acquire the knowledge of key concepts of microeconomics.
* Students are able to apply a relevant concept of microeconomics to describe and analyze a real-life situation.
Description
Decision Theory/Microeconomics provides a framework that allows us to model and predict individual choices in economic decision problems (e.g., what quantity does a consumer demand for each given price; how much does an individual contribute to a public good). We cover the fundamentals of choice theory (preferences, utility functions), consumer and producer theory (demand, supply, elasticities), empirical tests of these theories (revealed preference), market structures (perfect competition, monopoly), welfare (fundamental theorems), additional topics (game theory, behavioural economics).

Formative assessment: Feedback by tutors and peers during tutorial meetings
Summative assessment: Exam (multiple choice and problems)
Instructional approach: Problem Based Learning and lectures
Literature
Prerequisites
Keywords
Teaching methods (indicative; course manual is definitive)
Assessment methods (indicative; course manual is definitive)
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Bachelor Business Analytics Year 1 Compulsory Course(s)