Syllabus

Title
1654 Applied Microeconomics
Instructors
Assoz.Prof PD Melis Kartal, Ph.D.
Contact details
Type
VUE
Weekly hours
2
Language of instruction
Englisch
Registration
08/31/22 to 10/06/22
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Dates
Day Date Time Room
Thursday 10/13/22 05:00 PM - 07:00 PM TC.5.13
Thursday 10/20/22 05:00 PM - 07:00 PM TC.5.13
Thursday 10/27/22 05:00 PM - 07:00 PM TC.5.13
Thursday 11/03/22 05:00 PM - 07:00 PM TC.5.13
Thursday 11/10/22 05:00 PM - 07:00 PM TC.5.13
Thursday 11/17/22 05:00 PM - 07:00 PM TC.5.13
Thursday 12/01/22 05:00 PM - 07:00 PM TC.5.13
Thursday 12/15/22 05:00 PM - 07:00 PM TC.5.13
Thursday 12/22/22 05:00 PM - 07:00 PM TC.5.13
Thursday 01/12/23 05:00 PM - 07:00 PM TC.5.13
Thursday 01/19/23 05:00 PM - 07:00 PM TC.5.13
Contents

This course introduces some key approaches that economists use to analyse and understand the behavior of consumers, firms and governments, both from a theoretical and an applied perspective.

This course is subdivided into two thematic blocks.

The first block focuses on consumer theory and production theory, chapters 1-8 in Pindyck and Rubinfeld, 9th global ed.

The second bloc focuses on the concept of market equilibrium under the assumption of perfect competition, chapter 9 in Pindyck and Rubinfeld, 9th global ed. and on issues of imperfect competition, chapters 10-12 in Pindyck and Rubinfeld, 9th global ed.

Learning outcomes

Having graduated this course, the students should be able to:

  • Express their opinions with regard to selected topics addressed by microeconomic theory and apply this theory to practical examples.
This lecture also requires from the students to develop the following abilities:
  • To apply theoretical concepts to practical examples;
  • To use analytical methods for the solution of diverse problem sets (e.g. finding the optimal decision for a given stakeholder using mathematical derivations);
  • To present and explain complex theoretical concepts.
Attendance requirements

Applied Microeconomics is a lecture with interactive elements (VUE), therefore attendance is necessary. Three lectures can be missed without excuse. Further absenteeism will lead to deregistration.

If you are not subject to travel restrictions, attendance in class is mandatory.

Teaching/learning method(s)

 

 

Assessment

The grade is based on homework assignments, midterm exam and final exam.

Overall performance must be >=60% in order to pass.

Grading scheme:

100-90

 

A+, A, A- (1)

100-90%

89.9-80

 

B+, B, B- (2)

89-80%

79.9-70

 

C+, C, C- (3)

79-70%

69.9-60

 

D+, D (4)

69-60%

<60

 

fail (5)

<60%

For those who fail in the final exam, there will be a retake offered one week later.

Prerequisites for participation and waiting lists

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, any absence 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.
Readings
1 Author: Pindyck, Robert S.; Rubinfeld, Daniel L.
Title:

Microeconomics


Publisher: Pearson
Edition: 9th ed.
Remarks: https://ebookcentral.proquest.com/lib/wuww/detail.action?docID=5185925# Please, make sure you have access to the book, either in print or in electronic version before the start of the course. See the WU library for both versions. We are going to use the book from the very first unit. Unless you haven't got the book, you will not be able to follow the course.
Year: 2018
Content relevant for class examination: Yes
Content relevant for diploma examination: No
Recommendation: Essential reading for all students
Type: Book
Availability of lecturer(s)

melis.kartal@wu.ac.at

 

Other

Please note that the use of cellphones is not permitted during this course, unless mandated by the instructor.

Concerning exams: Please note that you may request a post-exam review after the exam.

Last edited: 2022-10-13



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