Syllabus
Title
5625 Applied Microeconomics
Instructors
PD Dr. Stefan Angel
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
02/10/14 to 02/23/14
Registration via LPIS
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Dates
| Day | Date | Time | Room |
|---|---|---|---|
| Monday | 03/03/14 | 04:00 PM - 06:30 PM | TC.2.03 |
| Thursday | 03/06/14 | 02:00 PM - 04:30 PM | TC.5.03 |
| Monday | 03/10/14 | 04:00 PM - 06:30 PM | TC.2.03 |
| Thursday | 03/13/14 | 02:00 PM - 04:30 PM | TC.5.03 |
| Monday | 03/17/14 | 04:00 PM - 06:30 PM | TC.2.03 |
| Thursday | 03/20/14 | 02:00 PM - 04:30 PM | TC.5.03 |
| Monday | 03/24/14 | 04:00 PM - 06:30 PM | TC.2.03 |
| Thursday | 03/27/14 | 02:00 PM - 04:30 PM | TC.5.03 |
| Monday | 03/31/14 | 04:00 PM - 06:30 PM | TC.2.03 |
| Monday | 04/07/14 | 05:00 PM - 07:30 PM | EA.6.026 |
The first part of the course repeats the basics of supply and demand, consumer behavior, profit maximization and equilibrium under perfect competition. The second part consits of the analysis of monopolies and selected issues of imperfect competition (such as price discrimination). The third part focuses on intermediate markets forms (oligopoly, monopolistic competition). The fourth part of the course provides an introduction to the fundamentals of game theory.The fifth part is concerned with reasons for market failures.
After taking the course, students should have a good knowledge of the key microeconomic theories and models and be able to apply these to real world issues and questions of economic policy relevance. They should be able to distinguish and assess the consequences of alternative market structures (perfect competition, monopoly, oligopoly), to understand the basic concepts of game theory and to identify causes (and possible cures) of market failures
Last edited: 2013-12-12
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