Syllabus

Title
2048 Advanced Microeconomics
Instructors
Dr. Michael Weichselbaumer
Contact details
michael.weichselbaumer@wu.ac.at
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
Advanced Microeconomics
Course I - Economics Core
Dates
Day Date Time Room
Friday 10/11/19 01:00 PM - 03:30 PM TC.4.17
Friday 10/18/19 01:00 PM - 03:30 PM TC.4.17
Friday 11/08/19 01:00 PM - 03:30 PM TC.4.17
Friday 11/15/19 01:00 PM - 03:30 PM TC.4.17
Friday 11/22/19 08:30 AM - 10:30 AM D5.0.001
Friday 11/29/19 01:00 PM - 03:30 PM TC.4.17
Friday 12/06/19 01:00 PM - 03:30 PM TC.4.17
Friday 12/13/19 01:00 PM - 03:30 PM TC.4.17
Friday 01/10/20 01:00 PM - 03:30 PM 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

On this page:

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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).


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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.


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Attendance requirements

Attendance is mandatory, max. 2 absences without valid excuse

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Teaching/learning method(s)

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

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Assessment

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


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Prerequisites for participation and waiting lists
According to the curriculum. (Laut Studienplan.)
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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
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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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