[ 1VOEMK ] KS Markets and Economic Decision Making
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| Es ist eine neuere Version 2021W dieser LV im Curriculum Master's programme Management in Polymer Technologies (MPT) 2023W vorhanden. |
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| (*) Unfortunately this information is not available in english. |
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| Workload |
Education level |
Study areas |
Responsible person |
Hours per week |
Coordinating university |
| 4 ECTS |
B1 - Bachelor's programme 1. year |
Economics |
Gerald Pruckner |
2 hpw |
Johannes Kepler University Linz |
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| Detailed information |
| Pre-requisites |
(*)keine
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| Original study plan |
Bachelor's programme Business and Economics 2013W |
| 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.
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| 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
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| Criteria for evaluation |
Written exam
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| Methods |
Presentation and discussion
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| Language |
German |
| Study material |
Slides
Robert S. Pindyck and Daniel L. Rubinfeld, Microeconomics, Pearson, Prentice Hall, 7th Edition.
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| Changing subject? |
No |
| Further information |
-
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| On-site course |
| Maximum number of participants |
200 |
| Assignment procedure |
Assignment according to priority |
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