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| Detailed information |
| Pre-requisites |
(*)keine
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| Original study plan |
Bachelor's programme Economics and Business 2020W 2020W |
| Objectives |
Students will acquire skills to explore basic problems and topics in the area of microeconomics
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| Subject |
- Base concepts: markets, supply and demand, elasticities
- Consumer preferences, budget constraint and optimal consumer choice
- Individual and market demand, consumer surplus
- Firms, production function and cost budgeting
- Profit-maximization and competitive supply
- Market supply and producer surplus, market equilibrium
- Welfare aspects of competitive markets
- Monopoly
- Monopolistic competition and oligopoly
- Models by Cournot, Bertrand, and Stackelberg
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| Criteria for evaluation |
Practice exercises, tests, written examinations (selected by the course instructor)
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| Methods |
Lecture, practice exercises, homework assignments...
Methods are subject to the course instructor
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| Language |
German / English |
| Study material |
Pindyck / Rubinfeld, Microeconomics, International Edition
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| Changing subject? |
No |
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