Syllabus

Title
5001 Applied Microeconomics
Instructors
Aurélien Fichet de Clairfontaine, M.Sc.
Contact details
afichet@wu.ac.at
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
02/15/17 to 03/07/17
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Applied Microeconomics
Dates
Day Date Time Room
Wednesday 03/15/17 10:00 AM - 12:00 PM TC.5.03
Wednesday 03/22/17 10:00 AM - 12:00 PM TC.5.03
Wednesday 03/29/17 10:00 AM - 12:00 PM TC.5.03
Wednesday 04/05/17 10:00 AM - 12:00 PM TC.5.03
Wednesday 05/03/17 10:00 AM - 12:00 PM TC.5.03
Wednesday 05/10/17 10:00 AM - 12:00 PM TC.5.03
Wednesday 05/24/17 10:00 AM - 12:00 PM TC.5.03
Wednesday 05/31/17 10:00 AM - 12:00 PM TC.5.03
Tuesday 06/06/17 02:00 PM - 03:00 PM D4.1.212 GIS Lab
Wednesday 06/07/17 10:00 AM - 12:00 PM TC.5.03
Wednesday 06/14/17 10:00 AM - 12:00 PM TC.5.03
Wednesday 06/21/17 10:00 AM - 12:00 PM TC.5.03
Monday 06/26/17 02:00 PM - 04:00 PM D4.0.039
Wednesday 06/28/17 10:00 AM - 12:00 PM TC.5.03

On this page:

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Contents
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 consists of the analysis of monopolies and selected issues of imperfect competition. 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.
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Learning outcomes
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.
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Teaching/learning method(s)
The course aims to achieve the aforementioned outcomes through:
  • Interactive presentations of the relevant chapters;
  • Discussions of the topics covered;
  • Solving numerical exercises and controlling home assignments at class.
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Assessment

i) Eight Quiz (the two worst marks are withdrawn) for 60 points

ii) Final test: 40 points

iv) Extra points for active class participation (10 maximum)

(Subject to change) 

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Prerequisites for participation and waiting lists

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, absence without valid excuse 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.

Registration for the lecture cannot be guaranteed. Any student dropping out of the course who has already submitted a gradable task will receive a negative grade.
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Readings
1 Author: Pindyck, R.S. and Rubinfeld, D.L.
Title: Microeconomics

Publisher: Pearson
Edition: 7. Edition
Year: 2009
Content relevant for class examination: Yes
Recommendation: Strongly recommended (but no absolute necessity for purchase)
Type: Book
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Availability of lecturer(s)

afichet@wu.ac.at

Consultation: Monday 1:00pm-2:00pm

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Other
The course program is preliminary; therefore, changes may occur.
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Unit details
Unit Date Contents
1
Last edited: 2016-10-24



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