Studienhandbuch | KS Introductory Microeconomics

Inhalt

^(*) Unfortunately this information is not available in english.

Workload	Education level	Study areas	Responsible person	Hours per week	Coordinating university
3 ECTS	B1 - Bachelor's programme 1. year	Economics	Gerald Pruckner	2 hpw	Johannes Kepler University Linz

Detailed information
Pre-requisites	^(*)keine
Original study plan	Bachelor's programme Economics and Business 2020W 2020W
Objectives	This class teaches the foundations of microeconomics. The main focus is on the behaviour of consumers and producers and their interaction on markets. The students will understand the fundamentals of microeconomics by using graphs and simple mathematical methods. Additionally, the students should be able on completion of this class to interpret economic causal effects.
Subject	Supply and demand (Price-) elasticities Preferences and budget constraints Comsumer choice Demand function, consumer surplus Production function Cost of production Profit maximization under competition Supply function, producer surplus Industry equilibrium Welfare analysis under competition Monopoly Monopolistic competition and oligopoly Cournot-, Stackelberg- and Bertrand-equilibria
Criteria for evaluation	Written exam
Methods	Presentation and discussion
Language	German
Study material	Slides Robert S. Pindyck and Daniel L. Rubinfeld, Microeconomics, Pearson, Prentice Hall, 7th Edition.
Changing subject?	No
Further information	-