[ 572GVWLEMIU20 ] IK Introductory Microeconomics

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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 Students will acquire skills to explore basic problems and topics in the area of microeconomics
  • 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
Criteria for evaluation Practice exercises, tests, written examinations (selected by the course instructor)
Methods Lecture, practice exercises, homework assignments...

Methods are subject to the course instructor

Language German / English
Study material Pindyck / Rubinfeld, Microeconomics, International Edition
Changing subject? No
On-site course
Maximum number of participants 40
Assignment procedure Assignment according to priority
This course is additionally offered in the following versions:
MuSSS Linz