040055 KU KU Applied Microeconomics (MA) (2023W)
Prüfungsimmanente Lehrveranstaltung
Labels
VOR-ORT
An/Abmeldung
Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").
- Anmeldung von Mo 11.09.2023 09:00 bis Fr 22.09.2023 12:00
- Anmeldung von Di 26.09.2023 09:00 bis Mi 27.09.2023 12:00
- Abmeldung bis Fr 20.10.2023 23:59
Details
max. 200 Teilnehmer*innen
Sprache: Englisch
Lehrende
Termine (iCal) - nächster Termin ist mit N markiert
Tutorials:
FR 27.10.2023 09.45-11.15 Ort: Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock;
FR 10.11.2023 09.45-11.15 Ort: Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock;
FR 15.12.2023 09.45-11.15 Ort: Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock;
FR 26.01.2024 09.45-11.15 Ort: Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
MO 12.02.2024 09.45-11.15 Ort: Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Montag
02.10.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag
05.10.
11:30 - 13:00
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Montag
09.10.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag
12.10.
11:30 - 13:00
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Montag
16.10.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag
19.10.
11:30 - 13:00
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Montag
23.10.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Freitag
27.10.
09:45 - 11:15
Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
Montag
30.10.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Montag
06.11.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag
09.11.
11:30 - 13:00
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Freitag
10.11.
09:45 - 11:15
Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
Montag
20.11.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag
23.11.
11:30 - 13:00
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Montag
27.11.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag
30.11.
11:30 - 13:00
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Montag
04.12.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag
07.12.
11:30 - 13:00
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Montag
11.12.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag
14.12.
11:30 - 13:00
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Freitag
15.12.
09:45 - 11:15
Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
Montag
08.01.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag
11.01.
11:30 - 13:00
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Montag
15.01.
16:45 - 18:15
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag
18.01.
11:30 - 13:00
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag
25.01.
11:30 - 13:00
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Freitag
26.01.
11:30 - 13:00
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Montag
12.02.
09:45 - 11:15
Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Information
Ziele, Inhalte und Methode der Lehrveranstaltung
Art der Leistungskontrolle und erlaubte Hilfsmittel
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 40%. In addition, there will be homework assignments, worth 20%.The dates for the exams are
Midterm: Monday 13.11.2023 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß EG.503
Endterm: Monday 29.01.2024 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß EG.623 /Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock 01.634Both the final and the midterm may be retaken in February (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%.
There will be two written exams (in person except for justified reasons), each worth 40%. In addition, there will be homework assignments, worth 20%.The dates for the exams are
Midterm: Monday 13.11.2023 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß EG.503
Endterm: Monday 29.01.2024 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß EG.623 /Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock 01.634Both the final and the midterm may be retaken in February (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%.
Mindestanforderungen und Beurteilungsmaßstab
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.
Prüfungsstoff
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.
Literatur
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). For a very basic introduction to the mathematical tools that we will use, see the first chapter of Van Zandt's book ( https://faculty.insead.edu/vanzandt/teaching/FPM-Aug2012.pdf ).
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). For a very basic introduction to the mathematical tools that we will use, see the first chapter of Van Zandt's book ( https://faculty.insead.edu/vanzandt/teaching/FPM-Aug2012.pdf ).
Zuordnung im Vorlesungsverzeichnis
Letzte Änderung: Do 18.01.2024 13:25
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).
For those students who partake in the Masters in Applied Economics, there will be a separate "exercise course" (Ubung). This course is complementary but not necessary to follow it. The first part will consist of some basic math refresher (everyone is invited to join) and the second part will consist of "empirical projects" that would enable you to relate the concepts discussed here with real-world phenomena.