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| Detailed information |
| Pre-requisites |
(*)KS Einführung in die Volkswirtschaftslehre KS Einführung in die Mikroökonomie
ODER Zulassung zum Masterstudium Economic and Business Analytics
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| 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.
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| Subject |
- 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
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| Criteria for evaluation |
final (written) exam
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| Methods |
Lecture by instructor
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| 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.
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| 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).
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