In which mode will you hold the course (distance mode or a hybrid variant)? If a hybrid variant is chosen, how will the process look like for the students?

A: Distance.

Which teaching/learning methods will be used? (e.g. course recordings, virtual synchronous course units, self-study with literature, coaching sessions)

A: Self-study of the lecture notes, meetings in MS Teams for Q&A and discussion of the lecture notes. Possibility to ask questions about the exercises in preparation of giving written answers at home. Possibility to send questions via e-mail, which will be answered and the edited answers being uploaded for all students.

What do you expect from the students? (e.g. preparation of interactive course units, availability, compliance to set dates, provided this planned dates are maintained)?

A: In-depth self-study of the lecture notes, preparation of questions about the lecture notes and the exercises that will be discussed in the in-class meetings. Written solutions for the exercises must be sent to the lecturer via e-mail within a week after the in-class meeting.

How is attendance regulated? (Attendance can be completely suspended).

A: None.

How do you assess the performance, what forms of assessment are used for this (e.g. remote take-home exam, videos of presentations)? What does the composition of the overall assessment consist of (proportion of the individual performances in the final grade)?

A: Final grade consists of:

20 points: exercises

40 points: 1st written exam

40 points: 2nd written exam

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 is mandatory, max. 2 absences without valid excuse

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

Mid term exam (40%), final exam (40%), exercises and participation (20%).

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