Syllabus
Title
0570 Y1P2 Microeconomics
Instructors
Univ.Prof. Alexander Mürmann, Ph.D.
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
09/01/17 to 11/17/17
Registration via LPIS
Registration via LPIS
Notes to the course
Subject(s) Master Programs
Dates
Day | Date | Time | Room |
---|---|---|---|
Tuesday | 11/28/17 | 09:00 AM - 11:00 AM | TC.3.05 |
Wednesday | 11/29/17 | 09:00 AM - 11:00 AM | TC.2.03 |
Tuesday | 12/05/17 | 09:00 AM - 11:00 AM | TC.3.05 |
Wednesday | 12/06/17 | 09:00 AM - 11:00 AM | TC.2.03 |
Tuesday | 12/12/17 | 09:00 AM - 11:00 AM | EA.6.026 |
Wednesday | 12/13/17 | 09:00 AM - 11:00 AM | D5.0.001 |
Tuesday | 12/19/17 | 09:00 AM - 11:00 AM | TC.3.05 |
Wednesday | 12/20/17 | 09:00 AM - 11:00 AM | TC.2.03 |
Wednesday | 01/10/18 | 09:00 AM - 11:00 AM | TC.2.03 |
Thursday | 01/11/18 | 01:30 PM - 03:30 PM | TC.2.03 |
Tuesday | 01/16/18 | 09:00 AM - 11:00 AM | TC.3.05 |
Wednesday | 01/17/18 | 09:00 AM - 11:00 AM | TC.2.03 |
Tuesday | 01/23/18 | 09:00 AM - 11:30 AM | D5.0.001 |
- Consumer Choice
- Consumption set, preference relations, utility representation, expenditure minimization, choice-based approach
- General Equilibrium Analysis
- Pareto efficiency, exchange equilibrium, existence and properties of general equilibria
- Choice under Uncertainty
- Expected utility theory, individual choices under uncertainty, markets for uncertainty
After completing this course the student will have the ability to:
- describe the behaviour of individual economic agents (consumers and firms) and the aggregation of their actions in an institutional framework;
- assess economic activity, market outcomes and their efficiency in an equilibrium framework.
After completing this course the student will also have the ability to:
- analyze and judge economic arguments effectively;
- structure information into a coherent economic argument;
- recognize the complexity of economic systems.
Moreover, after completing this course the student will have the ability to:
- analyze microeconomic models;
- formulate hypotheses on the basis of observations;
- use microeconomic theory to explain features of economic activity and outcomes.
This class is mainly taught as lectures combined with examples that help students to consolidate their knowledge and understanding.Each student is expected to have read the relevant lecture notes and have worked on the examples before the corresponding lecture. This leaves sufficient room for discussion which is essential for processing the content of this course. Each student is also expected to be present during the class; this includes being on time when the lecture starts.
- 50% written midterm exam
- 50% written final exam
- 10% bonus based on participation (including presence and active discussion)
Further information about the assessment will be provided by the lecturer.
Successful completion of Mathematics I and Financial Markets and Instruments.
Successful completion of Mathematics I and Financial Markets and Instruments.
Students should have basic knowledge in undergraduate microeconomics, i.e. preferences, demand, supply, equilibrium, monopoly
Last edited: 2018-11-09
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