Economic Analysis of Technology

Recently the education in different fields of engineering does not contain only the traditional topics of technology, but also elements from economic sciences. Thus engineers will be engaged to understand economic consequences of their decisions. The aim of the present subject is to give an introduction into this field based on empirical investigations as well as on theoretical approaches. After a short introduction it will be shown how basic categories could be used to describe the situation being under consideration. It will be followed by a detailed investigation of the special relationship between technology and costs, again based on empirics and on traditional models. The next block contains questions dealing with the market structure (free competition, monopoly, monopolistic competition, oligopoly, etc.), and related topics like multi-product firms and innovations. Finally, the course concludes with a lecture dealing with the strategic decisions of firms based on an introduction to game theory.

Lectures, written and oral communication, the use of IT devices and technology.

Lecture notes on the website of the department (http://en.kgt.bme.hu/ )

Microeconomics

Requirements: a.  In the semester: According to our academic regulations, students may miss a maximum of 25% of the lectures. In order to be allowed to participate in the final exam, students need to pass two mid-term exams (achieve a minimum percentage score of 40% in each exam). b.  In the examination period: The final grade is determined by a final exam. The final grade is calculated according to the table below: Percentage achieved Hungarian grade ECTS equivalent Explanation for the Hungarian grade 86-100 5 A, B Excellent, Very good  71-85 4 C Good 56-70 3 D Satisfactory 40-55 2 E Pass 0-39 1 F Fail   Aláírva S Signed (no credit)   Megtagadva R Refused (no credit)   Re-takes: Students are entitled to one retake exam per course in the first 14 weeks of the semester, and an additional retake exam in the delayed completion period, if the student took (and failed) at least one normal retake exam. The final exam can be retaken according to the rules and regulations in the Code of Studies. If the student retakes a successful exam, the result of this retake exam will determine their final grade (even if it is worse than the result of their previous exam). Consultations: The lecturer of the course is available for consultation for at least four hours per week. Office hours are to be announced on the website of the department (http://en.kgt.bme.hu/ )

Name: Position: Department/Institute: Dr. László Vígh Associate professor Department of Economics

contact hours 28 study before tests 7 study of printouts and other study materials 20 study for exam 5 sum 60