[ 572DAEMIMIK20 ] KS Intermediate Microeconomics

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Workload Education level Study areas Responsible person Hours per week Coordinating university
3 ECTS B2 - Bachelor's programme 2. year Economics Susanne Pech 2 hpw Johannes Kepler University Linz
Detailed information
Pre-requisites (*)KS Einführung in die Volkswirtschaftslehre KS Einführung in die Mikroökonomie ODER Zulassung zum Masterstudium Economic and Business Analytics
Original study plan Bachelor's programme Economics and Business 2021W
Objectives The aim of the course is to improve knowledge and understanding of microeconomic theory and its methods beyond the basics learned in the KS and IK courses Introductory Microeconomics. The course deals on an intermediate level with theoretical models that try to explain, for example, the behaviour of individuals when faced with uncertainty or imperfect information. Moreover, the students become familiar with mathematical methods frequently used in microeconomics and learn to assess the strengths and weaknesses of the respective models. By this, the course provides students with the required foundations in microeconomic analysis necessary to tackle more advanced economic courses.
  • Preferences and utility functions
  • Consumer choice and demand for goods
  • More consumer theory: expenditure minimization, compensated demand and the Slutsky equation
  • Endowments (of goods and time) is the budget constraint
  • Intertemporal choice
  • Choice under uncertainty
Criteria for evaluation final (written) exam
Methods Lecture by instructor
Language English
Study material
  • Varian, "Intermediate Microeconomics", 8th Edition, 2010.
  • Varian, "Microeconomic Analysis", 3rd edition, 1992.
  • Sydsaeter/Hammond, "Essential Mathematics for Economic Analysis", 3rd edition, 2008.
Changing subject? No
Further information
  • This course will be offered only during the Winter Semester.
  • Parallel to this course, students are encouraged to enroll in the IK course of the same name.
  • It is assumed that students know the basics of microeconomics from KS and IK Introductory Microeconomics (or any other introductory course in microeconomics).
On-site course
Maximum number of participants 200
Assignment procedure Assignment according to priority