Syllabus
Title
5730 Applied Microeconomics
Instructors
Daniel Bekesi, M.Sc.Ph.D.
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
01/30/19 to 02/25/19
Registration via LPIS
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Dates
| Day | Date | Time | Room |
|---|---|---|---|
| Tuesday | 03/05/19 | 06:00 PM - 08:30 PM | TC.5.13 |
| Tuesday | 03/12/19 | 06:00 PM - 08:30 PM | TC.5.13 |
| Tuesday | 03/19/19 | 06:00 PM - 08:30 PM | TC.5.13 |
| Tuesday | 03/26/19 | 06:00 PM - 08:30 PM | TC.5.13 |
| Tuesday | 04/02/19 | 06:00 PM - 08:30 PM | TC.5.13 |
| Tuesday | 04/09/19 | 06:00 PM - 08:30 PM | TC.5.13 |
| Tuesday | 05/07/19 | 06:00 PM - 08:30 PM | TC.5.13 |
| Tuesday | 05/14/19 | 06:00 PM - 08:30 PM | TC.5.13 |
| Tuesday | 05/21/19 | 06:00 PM - 08:30 PM | TC.5.13 |
| Tuesday | 05/28/19 | 06:00 PM - 08:30 PM | TC.5.13 |
| Tuesday | 06/04/19 | 06:00 PM - 08:30 PM | TC.5.13 |
| Tuesday | 06/18/19 | 06:00 PM - 08:30 PM | TC.5.13 |
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.
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.
Applied Microeconomics is a course with continuous assessment (PI), therefore attendance is necessary. Two lectures can be missed without excuse, absence in further lectures has to be excused/ explained via email.
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.
i) Mid-term test: 45% ii) Assignments: 10% iii) Final test: 45%
(Overall performance must be >=60% in order to get a positive grade.)
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.
- STEOP
- Necessary prior knowledge can be found in the microeconomics part of the script Stiassny et al., or in chapters 1-8 of the book Microeconomics from Pindyck and Rubinfeld
Consultation: by appointment
| Unit | Date | Contents |
|---|---|---|
| 1 | Review (Ch. 2-3 & Ch. 6-8) |
|
| 2 | The Analysis of Competitive Markets (Ch. 9) deadline: assignment 1 |
|
| 3 | Market Power: Monopoly (Ch. 10) |
|
| 4 | Pricing with Market Power (Ch.11) deadline: assignment 2 | |
| 5 | Mid-term Exam (unit 1-4) |
|
| 6 | Monopolistic Competition and Oligopoly (Ch.12) | |
| 7 | Game Theory and Competitive Strategy (Ch.13) deadline: assignment 3 | |
| 8 | ||
| 9 | Market Failures II: Externalities and Public Goods (Ch.18) deadline: assignment 4 | |
| 10 | Final Exam (unit 5-9) |
Last edited: 2018-12-12
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