Universität Wien

040157 KU Microeconomics for Economics and Finance I (MA) (2022W)

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

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

  • Thursday 06.10. 08:45 - 11:15 Digital
  • Monday 10.10. 08:45 - 11:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 13.10. 08:45 - 11:15 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
  • Monday 17.10. 08:45 - 11:15 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 20.10. 08:45 - 11:15 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
  • Monday 24.10. 08:45 - 11:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 27.10. 08:45 - 11:15 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
  • Monday 31.10. 08:45 - 11:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 03.11. 08:45 - 11:15 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
  • Monday 07.11. 08:45 - 11:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 10.11. 08:45 - 11:15 Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
  • Monday 14.11. 08:45 - 11:15 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock

Information

Aims, contents and method of the course

The objective of this course is to introduce students to formal analysis in economic theory. Upon successful completion of the course, the student will have a solid understanding of individual decision-making (firms and consumers) in markets, as well as how those decisions co-determine economic outcomes (prices and quantities).

The topics of the course are:
1. Preference and Utility.
2. Classical Demand Theory. Welfare Measures.
Application: ClimaBonus.
3. Revealed Preference.
Application: Measures of Rationality.
3. Production Theory. Properties. Efficiency.
Applications: Misallocation, Test for Competition.
4. General Equilibrium. Welfare Theorems. Core-Equivalence.
Application: Redistribution and its limits.
5. Externalities and Public Goods.
Application: Carbon Emissions

Assessment and permitted materials

The evaluation of the course will be based on the completion (50%) and exposition of assignments (20%) as well as general class participation (30%). As usual, the student will need at least 50% for a positive grade. In addition, a retake exam is available for students who are not satisfied with their course evaluation (replacing the grades from exposition and class participation).

Minimum requirements and assessment criteria

For a minimum passing grade the student needs 50% of the total points.

Examination topics

Materials will be provided during class as well as Moodle.

Reading list

The main reference for the course is Mas-Colell, Winston and Greene (1995; Chapters 2-6, 11, 14-16). Other useful books include Reny and Jehiel, Kreps and Varian Microeconomic Theory.

Association in the course directory

Last modified: Th 11.05.2023 11:27