Universität Wien
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040165 VO Applied Microeconomics 1 (2025W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Th 02.10. 11:30-13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock

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Details

max. 200 participants
Language: English

Lecturers

    Classes (iCal) - next class is marked with N

    • Monday 06.10. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    • Thursday 09.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    • Monday 13.10. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    • Thursday 16.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    • Monday 20.10. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    • Thursday 23.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    • Monday 27.10. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    • Thursday 30.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    • Monday 03.11. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    • Thursday 06.11. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    • Monday 10.11. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
      Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    • Monday 26.01. 16:45 - 18:15 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
      Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    • Monday 04.05. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    • Monday 22.06. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock

    Information

    Aims, contents and method of the course

    The objective of this course is to introduce the student to the main tools and ideas in Microeconomics.
    The course will be held in person, but lectures will be available to stream both live and for a short period afterwards.
    In the companion course (UE Applied Microeconomics), the TA(s) will go over the various assignments of the course. All materials will be available in the main course. Still, I recommend every student who partakes in KU Applied Microeconomics get access to the Moodle of the UE Applied Microeconomics to have access to these tutorials (even if the course is not taken for credit).

    For general information on the AE program, please see here: https://moodle.univie.ac.at/course/view.php?id=433481

    Assessment and permitted materials

    This course is a VO. To pass the course you will need to register in the exam and satisfactorily take it.
    The exam will be in person. No materials can be used for the exam.
    There will be bonuspoints to be received in the lecture (at most 15%).

    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.

    Examination topics

    Topics.
    1. Preferences and choice. Demand Theory.
    2. Allocations. Fairness and Efficiency.
    3. Competitive Equilibrium and Welfare Theorems in Exchange Economies.

    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).

    Association in the course directory

    Last modified: Fr 27.06.2025 10:05