040068 KU KU Applied Microeconomics (MA) (2024S)
Continuous assessment of course work
Labels
ON-SITE
Registration/Deregistration
Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).
- Registration is open from Mo 12.02.2024 09:00 to We 21.02.2024 12:00
- Registration is open from Mo 26.02.2024 09:00 to Tu 27.02.2024 12:00
- Deregistration possible until Th 14.03.2024 23:59
Details
max. 200 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
Tutorials:
FR 22.03.2024 13.15-14.45 Ort: Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock;
DI 09.04.2024 16.45-18.15 Ort: Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß;
FR 19.04.2024 13.15-14.45 Ort: Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock;
DI 21.05.2024 16.45-18.15 Ort: Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß;
FR 31.05.2024 13.15-14.45 Ort: Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock;
DI 11.06.2024 16.45-18.15 Ort: Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Monday
04.03.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday
11.03.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Thursday
14.03.
16:45 - 18:15
Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday
18.03.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Thursday
21.03.
16:45 - 18:15
Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Friday
22.03.
13:15 - 14:45
Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
Monday
08.04.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
09.04.
16:45 - 18:15
Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Thursday
11.04.
16:45 - 18:15
Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday
15.04.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Thursday
18.04.
16:45 - 18:15
Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Friday
19.04.
13:15 - 14:45
Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
Thursday
25.04.
16:45 - 18:15
Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday
29.04.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Thursday
02.05.
16:45 - 18:15
Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday
06.05.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday
13.05.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Thursday
16.05.
16:45 - 18:15
Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday
21.05.
16:45 - 18:15
Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
Thursday
23.05.
16:45 - 18:15
Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday
27.05.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
N
Friday
31.05.
13:15 - 14:45
Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
Monday
03.06.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Thursday
06.06.
16:45 - 18:15
Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday
10.06.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday
11.06.
16:45 - 18:15
Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Thursday
13.06.
16:45 - 18:15
Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday
17.06.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Thursday
20.06.
16:45 - 18:15
Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday
08.07.
11:30 - 13:00
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Information
Aims, contents and method of the course
Assessment and permitted materials
In order to obtain a grade for the course, the student must participate in the first unit. In case of illness, please provide a written certificate before the class. For those students on the waiting list, please wait until spaces open due to de-registration. Once a slot is provided, participation in the next unit is necessary.There will be two written exams (in person except for justified reasons), each worth 45%. In addition, there will be homework assignments, worth 10%.The dates for the exams are
Montag 22.04.2024 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß EG.503
Montag 24.06.2024 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß EG.623
Montag 24.06.2024 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock 01.634
Both the final and the midterm may be retaken in July (second week), but only if you took part in the original exam. If the exam is retaken, the grade is automatically replaced by the new exam.Students may work in groups of at most 4 students to complete the homework assignments, but all students should submit an independent copy of their assignment for grading. The names of the members of the group should be visible at the top of the first page.
The use of AI tools to complete homework assignments is explicitly forbidden. If upon grading the assignment, the lecturer believes the use of such a device is likely, the grade would be suspended and the student will be requested to show their work in a one-on-one meeting. If the student cannot show that the work was originally theirs, the student will receive 0% in the assignment.
Assignments are graded as follows. If the student performed a serious attempt in all tasks, 100%. If the student performed a serious attempt in at least half of the tasks, 60%. If the student completed at least one of the tasks 30%. Otherwise, 0%.
Montag 22.04.2024 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß EG.503
Montag 24.06.2024 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß EG.623
Montag 24.06.2024 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock 01.634
Both the final and the midterm may be retaken in July (second week), but only if you took part in the original exam. If the exam is retaken, the grade is automatically replaced by the new exam.Students may work in groups of at most 4 students to complete the homework assignments, but all students should submit an independent copy of their assignment for grading. The names of the members of the group should be visible at the top of the first page.
The use of AI tools to complete homework assignments is explicitly forbidden. If upon grading the assignment, the lecturer believes the use of such a device is likely, the grade would be suspended and the student will be requested to show their work in a one-on-one meeting. If the student cannot show that the work was originally theirs, the student will receive 0% in the assignment.
Assignments are graded as follows. If the student performed a serious attempt in all tasks, 100%. If the student performed a serious attempt in at least half of the tasks, 60%. If the student completed at least one of the tasks 30%. Otherwise, 0%.
Minimum requirements and assessment criteria
The grading will be as follows.
>85%, 1
70-85%, 2
60-70%, 3
50-60%, 4
less than 50%, 5.
>85%, 1
70-85%, 2
60-70%, 3
50-60%, 4
less than 50%, 5.
Examination topics
Topics.
1. Preferences and choice. Demand Theory.
2. Allocations. Fairness and Efficiency.
3. Competitive Equilibrium and Welfare Theorems in Exchange Economies.
4. Production. Technology and Cost. Misallocation and Trade. Firm Optimization.
5. Imperfect Competition.
6. Labor markets. Heterogeneous workers. Monopsony Power. Policy Evaluation.
7. Market Failures. Externalities. Information Asymmetries.
1. Preferences and choice. Demand Theory.
2. Allocations. Fairness and Efficiency.
3. Competitive Equilibrium and Welfare Theorems in Exchange Economies.
4. Production. Technology and Cost. Misallocation and Trade. Firm Optimization.
5. Imperfect Competition.
6. Labor markets. Heterogeneous workers. Monopsony Power. Policy Evaluation.
7. Market Failures. Externalities. Information Asymmetries.
Reading list
The best book to follow the course is Kandori's "Mighty Microeconomics".
In addition, the following books may help with specific issues.
1. Resources to understand key concepts:
Varian's 'Intermediate Microeconomics' provides a comprehensive and easily accessible introduction to the main concepts of the course, while his (Varian's) Microeconomic Analysis provides a deeper level coverage of the same topics. The level of the course will lie somewhat in between these two books.
Ariel Rubinstein's book is available online and is at a similar level as Varian's Microeconomic Theory (you can download it here https://www.openbookpublishers.com/product/1171)
The connection with empirical work in these books is scant; a good reference in this regard is this collection of lecture notes (https://ocw.mit.edu/courses/economics/14-03-microeconomic-theory-and-public-policy-fall-2016/lecture-notes/ )
2. Questions-Based Books:
Pancs' "Lectures in Microeconomics" is more advanced and has a more modern focus. We will follow the "questions approach" in this book but at a lower level of sophistication.
3. Mathematical Tools: For students who are interested in obtaining a deep understanding of economic theory but have a weaker math background, I recommend Simon and Blume's "Mathematics for Economists" (in particular Chapters 1-5 and 14-17).
In addition, the following books may help with specific issues.
1. Resources to understand key concepts:
Varian's 'Intermediate Microeconomics' provides a comprehensive and easily accessible introduction to the main concepts of the course, while his (Varian's) Microeconomic Analysis provides a deeper level coverage of the same topics. The level of the course will lie somewhat in between these two books.
Ariel Rubinstein's book is available online and is at a similar level as Varian's Microeconomic Theory (you can download it here https://www.openbookpublishers.com/product/1171)
The connection with empirical work in these books is scant; a good reference in this regard is this collection of lecture notes (https://ocw.mit.edu/courses/economics/14-03-microeconomic-theory-and-public-policy-fall-2016/lecture-notes/ )
2. Questions-Based Books:
Pancs' "Lectures in Microeconomics" is more advanced and has a more modern focus. We will follow the "questions approach" in this book but at a lower level of sophistication.
3. Mathematical Tools: For students who are interested in obtaining a deep understanding of economic theory but have a weaker math background, I recommend Simon and Blume's "Mathematics for Economists" (in particular Chapters 1-5 and 14-17).
Association in the course directory
Last modified: Th 23.05.2024 10:45
The course will consist of theory sections (lecture form) and practical sessions (recitation). The course will take place in person (recordings of the lectures will be available for a week only).
(In SS there will be no Uebung course available)