| Detailed information |
| Pre-requisites |
(*)keine
|
| Original study plan |
Bachelor's programme Business and Economics 2021W |
| 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 |
-
|
| Earlier variants |
They also cover the requirements of the curriculum (from - to)
1VOEMK: KS Markets and Economic Decision Making (2001W-2015S)
|
