The complete course is organized in remote mode.

The presentations, exercise calculations and assignment controls (after the corresponding deadlines) are uploaded as video files on the dates indicated in the calendar.

The two tests take place on fixed dates and in a time-boxed way using the Learn platform (see the calendar at the bottom of the syllabus).

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.

The course is organized in a completely remote mode. The lectures are uploaded as video files, hence no physical presence required.

However, the tests take place on fixed dates and in a time-boxed way using the Learn platform (see the calendar at the bottom of the syllabus).

Also there are fixed deadlines for the home assignments.

i) Mid-term test: 45% (online, using the Learn platform)

ii) 4 Assignments: 10% (sent by the students)

iii) Final test: 45% (online, using the Learn platform)

(Overall performance must be >=60% in order to get a positive grade.)

daniel.bekesi@wu.ac.at