Universität Wien FIND
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040157 KU Microeconomics for Economics and Finance I (MA) (2021W)

6.00 ECTS (3.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
REMOTE

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).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Tuesday 05.10. 08:45 - 11:15 Digital
Tuesday 12.10. 08:45 - 11:15 Digital
Tuesday 19.10. 08:45 - 11:15 Digital
Tuesday 09.11. 08:45 - 11:15 Digital
Tuesday 16.11. 08:45 - 11:15 Digital
Tuesday 23.11. 08:45 - 11:15 Digital
Tuesday 30.11. 08:45 - 11:15 Digital
Tuesday 07.12. 08:45 - 11:15 Digital
Tuesday 14.12. 08:45 - 11:15 Digital
Tuesday 11.01. 08:45 - 11:15 Digital
Tuesday 18.01. 08:45 - 11:15 Digital
Tuesday 25.01. 08:45 - 11:15 Digital

Information

Aims, contents and method of the course

Aims: The course provides advanced students with the core theoretical tools of microeconomic analysis with a focus on perfectly competitive markets. Upon successful completion students are able to work with the basic models of market competition, price determination, and welfare analysis. In simple theoretical examples, they are able to compute market equilibria and perform comparative statics. They are able to make a qualitative assessment of how different political interventions or parameter changes affect market outcomes. After an in-depth treatment of competitive markets, some properties of equilibrium with market power or strong externalities will also be explored.

Contents: preferences and utility, consumer's problem, indirect utility and expenditure, demand function, technology and production, cost functions, profit maximization, supply functions, partial equilibrium, efficiency and total surplus maximization, monopoly, general equilibrium, public goods and externalities.

Method: The news forum of the Moodle course provides regular information on the current learning goals and the development of the course. All materials, such as commented beamer presentations and solved problems, are made available on the platform. Every week course participants prepare and present exercises in the online sessions. In a final exam, students are expected to show integrated knowledge of the contents and materials presented in class and made available in the course platform.

Assessment and permitted materials

The final grade will be based on regular participation in class or forum discussions and other Moodle activities (30%), weekly class presentations of solved exercises and applications (30%), and final exam on January 25th, 2022 (40%). Students are encouraged to take personal contact to the lecturer in online office hours and may also be requested to participate in a personal interview to discuss their progress in the course.

Minimum requirements and assessment criteria

For a minimum passing grade students must satisfactorily complete all three assessment aspects (regular participation, presentations and final exam) and attain at least 50% of total points.

Examination topics

All contents and material presented in class and made available in the course platform.

Reading list


  • Hugh Gravelle and Ray Rees, Microeconomics, FT Prentice Hall, 3rd. Edition, 2004.

  • Geoffrey A. Jehle and Philip J. Reny, Advanced Microeconomic Theory, Pearson, 3rd. edition, 2011.

  • Andreu Mas-Colell, Michael D. Whinston, and Jerry R. Green, Microeconomic Theory, Oxford University Press, 1995.

  • Thomas Nechyba, Microeconomics: An Intuitive Approach with Calculus, Cengage Learning, 2018.

  • Hal Varian, Microeconomic Analysis, W.W. Norton, 1992.


Association in the course directory

Last modified: Th 07.10.2021 09:48