Teacher: Elshan Nuraddin Nasirov
The First Higher Education: Leningrad Institute of Finance and Economics. Russia, 1990
The Second Higher Education: Moscow School of International Law and Higher Business. Russia, 1995
Pedagogical experience in economics: 30 years
Business activity: President of "Ideal" Company (2001), Founder of "Birja-N" Newspaper (2013)
Pedagogical activity: Nakhchivan State University
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RECOMMENDED WORKS:

Introductory Microeconomics / University of Delhi, Delhi / 2018

Basic Microeconomics / by Professor R. Larry Reynolds, PhD, Boise State University - USA / 2011

Principles of Microeconomics - USA / 2011

Microeconomics. Textbook - Texas Education Agency

Microeconomics. Fourth Edition - The University of Chicago / USA



SEMESTER LECTURES:

01. Introduction to Microeconomics      
02. Choice in a World of Scarcity      
03. Supply and Demand      
04. Applications of Supply and Demand      
05. Elasticity      
06. Utility      
07. Production and Costs      
08. Perfect Competition      
09. Monopoly      
10. Monopolistic Competition and Oligopoly      
11. Public Goods and Externalities      
12. Labor Markets      
13. Income Distribution      
14. Globalization and Trade      
15. Exchange Rates and International Finance      
16. The Problem of Provisioning      
17. Introduction to Ways of Knowing      
18. Individuals and Community & Criteria for Evaluation      
19. Rules of the Game and Economics Systems      
20. Demand and Supply in a Market System      
21. Demand & Consumer Behavior & Optimization of Markets      
22. Pure Competition & Firms with “Market Power”      
23. Production and Cost in Market Structures      
24. Markets for Inputs and Distribution of Income      
25. Property Rights and Markets      
26. Costs and Cost Minimization      
27. Perfectly Competitive Markets      
28. Capturing Surplus      
29. Risk and Information      

QUESTIONS FOR THE COLLOQUIUMS:
1. Microeconomic concepts
2. Definition of Microeconomics
3. Basic principles of microeconomics
4. Differences between microeconomics and macroeconomics
5. Importance of microeconomics
6. Tools of microeconomics
7. The founder of microeconomics
8. Types of microeconomics
9. Objectives of microeconomics
10. Why do we study microeconomics?
11. Why is microeconomics important in business?
12. Why it matters: choice in a world of scarcity
13. What does scarcity refer?
14. Demand-induced scarcity
15. Supply-induced scarcity
16. Structural scarcity
17. What is choice cost?
18. Calculating opportunity cost
19. Equilibrium
20. Surplus and shortage
21. Surplus or excess supply
22. Shortage or excess demand
23. Where supply and demand Intersect?
24. Equilibrium and economic efficiency
25. Supply and demand
26. Market economies
27. Planned (or command) economies
28. Mixed economies
29. Competitive market
30. Demand for goods and services
31. What factors affect demand?
32. Ceteris paribus
33. Law of demand
34. What factors shift demand?
35. Supply of goods and services
36. How production costs a􀃗ect supply?
37. What factors shift supply?
38. Equilibrium price
39. Equilibrium quantity
40. Why evaluate the applications of supply and demand?
41. Price ceilings
42. Price floors
43. Elasticity
44. Elasticity of demand
45. Elastic and Inelastic demand
46. Calculating price elasticity
47. Calculating elasticity and percentage changes
48. Inelastic, elastic, and unitary demand
49. Calculating percentage changes and growth rates
50. Elastic supply
51. Inelastic supply
52. Midpoint elasticity approach
53. Point elasticity approach
54. Definition of utility
55. Types of utility
56. Changes in consumer equilibrium
57. Income changes and consumption choices
58. How changes in income affect consumer choices?
59. How price changes affect consumer choices?
60. Budget constraint






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