Syllabus

Title
1687 Advanced Microeconomics
Instructors
Dr. Michael Weichselbaumer
Contact details
  • Type
    PI
  • Weekly hours
    2
  • Language of instruction
    Englisch
Registration
09/19/19 to 10/06/19
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Dates
Day Date Time Room
Friday 10/11/19 08:30 AM - 11:00 AM TC.4.17
Friday 10/18/19 08:30 AM - 11:00 AM TC.4.17
Friday 11/08/19 08:30 AM - 11:00 AM TC.4.17
Friday 11/15/19 08:30 AM - 11:00 AM TC.4.17
Friday 11/22/19 08:30 AM - 10:30 AM D5.0.001
Friday 11/29/19 08:30 AM - 11:00 AM TC.4.17
Friday 12/06/19 08:30 AM - 11:00 AM TC.4.17
Friday 12/13/19 08:30 AM - 11:00 AM TC.4.17
Friday 01/10/20 08:30 AM - 11:00 AM TC.4.17
Friday 01/17/20 08:30 AM - 10:30 AM D5.0.001
Friday 01/24/20 08:30 AM - 10:30 AM TC.2.02

Contents

This course is the second half of the Microeconomics series. It covers advanced topics in microeconomic theory, including: General equilibrium (exchange and production); Externalities, Uncertainty (risk-aversion); Externalities and Public Goods, Asymmetric Information (moral hazard and adverse selection).


Learning outcomes

After completing this course, students will have gained the analytical and methodological skills to understand and address more advanced microeconomic questions and problems. They will understand: 1) how different markets interact with each other in general equilibrium models; 2) the several ways in which the violation of the perfect market assumption (i.e., market failures) affects market outcomes; 3) how uncertainty plays into the model of economic behavior.


Attendance requirements

Attendance is mandatory, max. 2 absences without valid excuse

Teaching/learning method(s)

Lecture, discussions, and analytical/quantitative exercises of course topics. 

Assessment

Mid term exam (35%), final exam (45%), exercises and participation (20%).


Prerequisites for participation and waiting lists

According to the curriculum. (Laut Studienplan.)

Readings

1 Author: Christopher Snyder, Walter Nicholson
Title: Microeconomic theory: basic principles and extensions

Publisher: Mason, Ohio: South-Western, Cengage Learning
Edition: 11. ed., internat. ed.
Year: 2012
Content relevant for class examination: Yes
Recommendation: Reference literature
Type: Book

Availability of lecturer(s)

Office hours: by appointment. Room D4.1.022.

Institute for Quantitative Economics, Building D4, 1st floor. (Note: the entrance to the department is located on the 2nd floor).

Tel: 31336 - 4542

email: michael.weichselbaumer@wu.ac.at



Last edited: 2019-10-14



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