Universität Wien

040068 KU KU Applied Microeconomics (MA) (2024S)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung
VOR-ORT

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 200 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

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

Montag 04.03. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Montag 11.03. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 14.03. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Montag 18.03. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 21.03. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Freitag 22.03. 13:15 - 14:45 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
Montag 08.04. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Dienstag 09.04. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Donnerstag 11.04. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Montag 15.04. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 18.04. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Freitag 19.04. 13:15 - 14:45 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 25.04. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Montag 29.04. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 02.05. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Montag 13.05. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 16.05. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Dienstag 21.05. 16:45 - 18:15 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
Donnerstag 23.05. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Montag 27.05. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Freitag 31.05. 13:15 - 14:45 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
Montag 03.06. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 06.06. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Montag 10.06. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Dienstag 11.06. 16:45 - 18:15 Hörsaal 10 Oskar-Morgenstern-Platz 1 2.Stock
Donnerstag 13.06. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Montag 17.06. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Donnerstag 20.06. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

The objective of this course is to introduce the student to the main tools and ideas in Microeconomics.
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)

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 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%.

Mindestanforderungen und Beurteilungsmaßstab

The grading will be as follows.
>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.

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).

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Mo 04.03.2024 07:05