[ 514INMIIMIK21 ] KS Introduction to Microeconomics
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| Es ist eine neuere Version 2025W dieser LV im Curriculum Bachelor's programme Transformation Studies. Art x Science 2025W vorhanden. |
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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 |
Michael Irlacher |
2 hpw |
Johannes Kepler University Linz |
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| Detailed information |
| Original study plan |
Bachelor's programme International Business Administration 2021W |
| Objectives |
The students have knowledge of the basic principles of microeconomics. They are able to solve real-world microeconomic questions and problems. The students know the analytical tools that allow them to study constitutive and farther-reaching subjects in economics. The students learn economic thinking as well as how to grasp real-world problems in a concise and formal way.
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| Subject |
Clarification of the following basic terms will be covered:
- Supply and demand
- Elasticities
- Preferences and budget constraints
- Optimal consumption
- Demand function, and consumer surplus
- Production function
- Costs
- Profit maximization
- Supply function and producer surplus
- Welfare analysis
- Monopoly
- Monopolistic Competition and oligopoly
- Cournot, Stackelberg, and Bertrand equilibria
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| Criteria for evaluation |
Written exam
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| Methods |
Calculus, graphical analysis and interpretation, logical reasoning
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| Language |
English |
| Study material |
Slides
Textbook: Robert S. Pindyck and Daniel L. Rubinfeld. “Microeconomics”, Pearson, Prentice Hall, 7th Edition.
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| Changing subject? |
No |
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| On-site course |
| Maximum number of participants |
100 |
| Assignment procedure |
Assignment according to priority |
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