[ 572KK1VOEMK15 ] KS Markets and Economic Decision Making

Es ist eine neuere Version 2021W dieser LV im Curriculum Master's programme Management in Polymer Technologies (MPT) 2023W vorhanden.
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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
Detailed information
Pre-requisites (*)keine
Original study plan Bachelor's programme Business and Economics 2015W
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.

  • 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
Criteria for evaluation Written exam
Methods Presentation and discussion
Language German
Study material Slides

Robert S. Pindyck and Daniel L. Rubinfeld, Microeconomics, Pearson, Prentice Hall, 7th Edition.

Changing subject? No
Further information -
Earlier variants They also cover the requirements of the curriculum (from - to)
1VOEMK: KS Markets and Economic Decision Making (2001W-2015S)
On-site course
Maximum number of participants 200
Assignment procedure Assignment according to priority