This course is subdivided into three thematic blocks.

The first block focuses on consumer theory, chapters 3, 4 and 5 in Pindyck and Rubinfeld, 8th ed.

The second bloc focuses on the concept of market equilibrium under the assumption of perfect competition, chapter 9 in Pindyck and Rubinfeld, 8th ed. and on the issue of general equilibrium and economic efficiency, chapter 16 in Pindyck and Rubinfeld, 8th ed.

The third block aims to broaden the students’ understanding of market failure due to asymmetric information, externalities and public goods, chapters 17 and 18 in Pindyck and Rubinfeld, 8th ed.

If you have a valid registration for the lecture, but will not participate, please deregister during the registration period of LPIS. Your place will be available for other students.

During the registration period, free places are filled according to the “first-come, first-served” principle. After the end of the registration period, the number of places is increased and students on the waiting list will be registered for the lecture based on their progress in their studies.

Attendance in the first session is necessary, any absence will lead to deregistration! Any remaining places in the classes will be allocated to students attending the first session according to the waiting list. No places will be allocated by email or by phone.

bellak@wu.ac.at

phone: 00431313364505