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Industrial Organization (28 h.), lecturer: Biliana Yontcheva, WU Vienna


The theory of market structures, production functions, Market structure and market power, Non-cooperative simultaneous decision - static and dynamic games, Price discrimination, fundamentals and degree of discrimination, Vertical restraints and competition policy, case studies, Regulatory policy, the base framework, market failure and the need for regulation of natural monopolies.

Quantitative Methods (32 h.), lecturer: Peter Bednárik, WU Vienna



Microeconomics (32 h.), lecturer: Lászlo Szakadat, Corvinus University of Budapest


The aim of this course is to acquire extensive theoretical knowledge of microeconomics to enable students to assess and solve challenging theoretical and practical issues on the microeconomic level (firm, household, consumer) and to creatively apply knowledge in economic practice.

Development of microeconomic thinking and microeconomics. Analysis of factors affecting the market, consumer preferences, indifference curves, examples of indifferences, cardinal and ordinal utility concept and equilibrium, the behaviour of firms in terms of perfect and imperfect competition, analysis of costs and revenues of a company in different time periods, market of factors of production, pricing of factors of production.

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