Universität Wien

040184 UK Microeconomics (2015W)

6.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Summary

1 Tsur , Moodle
2 Schmidt-Dengler , Moodle
3 Shestakova , 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).
Registration information is available for each group.

Groups

Group 1

more information:
http://homepage.univie.ac.at/matan.tsur/teaching.html

max. 200 participants
Language: English
LMS: Moodle

Lecturers

Classes (iCal) - next class is marked with N

  • Thursday 01.10. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 06.10. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 08.10. 13:15 - 14:45 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 09.10. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 13.10. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 15.10. 13:15 - 14:45 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 16.10. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 20.10. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 22.10. 13:15 - 14:45 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 23.10. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 27.10. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 29.10. 13:15 - 14:45 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 30.10. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 03.11. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 05.11. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 06.11. 15:00 - 16:30 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 10.11. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 12.11. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 13.11. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 17.11. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 19.11. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 20.11. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 24.11. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 25.11. 15:00 - 16:30 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
    Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 26.11. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 27.11. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 01.12. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 03.12. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 04.12. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 10.12. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 11.12. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 15.12. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 17.12. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 18.12. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 07.01. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 08.01. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 12.01. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 14.01. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 15.01. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 19.01. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 21.01. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 22.01. 15:00 - 16:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 26.01. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 28.01. 11:30 - 13:00 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
    Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
    Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock

Aims, contents and method of the course

This is an introductory course in microeconomics. It covers the fundamental theories of the consumer, the firm, and the competitive market. This course serves three main purposes: (1) to introduce students to basic microeconomic principles,
(2) to equip students with technical tools used in most economic modeling,
(3) to develop students’ skills in critical thinking.

Assessment and permitted materials

Class Participation 5 bonus

Home Assignments 20%
There will be several home assignments. Each assignment consists of 4-5 problems. Students can work in groups of up to 3.

Midterm Exam 31%

Retakes are not possible. An alternative date should be requested no lat
er than 10 days before the exam.

Final Exam 49%
The final exam covers the entire course. An alternative date should be requested no later than 2 weeks before the exam.

Reading list

Main textbook:
David Besanko/ Ronald R. Braeutigam:Microeconomics, Wiley, 4thedition.

Other textbooks:
Robert Pindyck, and Daniel Rubinfeld, Microeconomics, 7/E, Pearson Int.
Hal R. Varian, Intermediate Microeconomics, 5/E, W. W. Norton & Company.
Jeffrey M. Perloff,Microeconomics,5/E, Pearson Int.

Group 2

Anrechenbar für BWL, I.Abschnitt, VO+UE bzw. entsprechenden Teil der Diplomprüfung "Grundzüge der politischen Ökonomie ... "

max. 200 participants
Language: English
LMS: Moodle

Lecturers

Classes (iCal) - next class is marked with N

  • Monday 05.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 06.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 08.10. 18:30 - 20:00 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 12.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 13.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 15.10. 18:30 - 20:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 19.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 20.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 22.10. 18:30 - 20:00 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 27.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 29.10. 18:30 - 20:00 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 03.11. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 05.11. 18:30 - 20:00 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 09.11. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 10.11. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 12.11. 18:30 - 20:00 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 16.11. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 17.11. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 19.11. 18:30 - 20:00 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 23.11. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 24.11. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 26.11. 18:30 - 20:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 30.11. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 01.12. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 03.12. 18:30 - 20:00 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 07.12. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 10.12. 18:30 - 20:00 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 14.12. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 15.12. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 17.12. 18:30 - 20:00 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 07.01. 18:30 - 20:00 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 11.01. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 12.01. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 14.01. 18:30 - 20:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 18.01. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 19.01. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 21.01. 18:30 - 20:00 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 25.01. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Tuesday 26.01. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 28.01. 18:30 - 20:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock

Aims, contents and method of the course

This is an introductory course in microeconomics. It covers the fundamental theories of the consumer, the firm, and the competitive market. This course serves three main purposes: (1) to introduce students to basic microeconomic principles, (2) to equip students with technical tools used in most economic modeling, (3) to develop students’ skills in critical thinking.

Assessment and permitted materials

Class Participation 5 bonus

Home Assignments 20 %

Midterm Exam 31%

Final Exam 49%

Reading list

Main textbook:
David Besanko / Ronald R. Braeutigam: Microeconomics, Wiley, 4th edition.

Other textbooks:
Robert Pindyck, and Daniel Rubinfeld, Microeconomics, 7/E, Pearson Int.
Hal R. Varian, Intermediate Microeconomics, 5/E, W. W. Norton & Company.
Jeffrey M. Perloff, Microeconomics, 5/E, Pearson Int.

Group 3

Anrechenbar für BWL, I.Abschnitt, VO+UE bzw. entsprechenden Teil der Diplomprüfung "Grundzüge der politischen Ökonomie ... "

max. 200 participants
Language: English
LMS: Moodle

Lecturers

Classes

MI wtl von 07.10.2015 bis 20.01.2016 15.00-18.15 Ort: Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock;

Aims, contents and method of the course

This is an introductory course in microeconomics. It covers the fundamental theories of the consumer, the firm, and the market. This course serves three main purposes: (1) to introduce students to basic microeconomic principles, (2) to equip students with technical tools used in most economic modelling, (3) to develop students'; skills in critical thinking and comprehension.

Assessment and permitted materials

The highest possible final score is 100 points. It translates into a grade using the following scale:
< 50 points = 5 (fail)
50-59.9 points = 4
60-74.9 points = 3
75-89.9 points = 2
90-100 points = 1
Note that the scale might be adjusted (in your favor only) after the final exam. Your special circumstances (requirements to get a certain amount of credits, employment, the last semester at the university, the last chance to pass the course, etc.) have no effect on the decision to adjust the scale.

Class Activities:
Online Quizzes: 5 points in total
There are online quizzes (almost) every week to review the material covered a week before. Five best quizzes are counted.

Home Assignments: 15 points in total
There are five home assignments altogether. Each assignment consists of several problems, but only one randomly chosen problem from each assignment is graded. You can get up to three points for each assignment. You can work in groups of up to three. Late submissions receive no points.

Mid-Term Exam (25.11, 15:00-16:30, HS1, HS4, HS6, HS14): 31 points in total
The mid-term exam covers the first part of the course. No retakes. An alternative date can be arranged only in case of time conflict with another exam or a severe illness that immobilizes you.

End-Term Exam (28.01, 11:30-13:00, HS1, HS4, HS6, HS14): 49 points in total
The end-term exam covers the entire course. No retakes. An alternative date can be arranged only in case of time conflict with another exam or a severe illness that immobilizes you.

Reading list

1. David Besanko / Ronald R. Braeutigam. Microeconomics, Wiley, 4th edition.
Extras: http://bcs.wiley.com/he-bcs/Books?action=index&bcsId=6229&itemId=0470646063
Disclaimer: there are mistakes in official textbook materials.
2. Hal R. Varian. Grundzüge der Mikroökonomik (in German)

Readings:
Topic 1. Preferences and Utility Function (Chapter 3)
3.1 Representation of Preferences
3.2 Utility Functions
3.3 Special Preferences

Topic 2. Budget Constraint and Optimal Choice (Chapter 4)
4.1 The Budget Constraint
4.2 Optimal Choice
4.3 Consumer Choice with Composite Goods

Topic 3. Consumer Demand (Chapter 5)
5.1 Optimal Choice and Demand
5.2 Change in the Price of a Good: Substitution Effect and Income Effect
5.3 Change in the Price of a Good: The Concept of Consumer Surplus (without CV and EV)

Topic 4. Inputs and Production Functions (Chapter 6)
6.1 Introduction to Inputs and Production Functions
6.3 Production Functions with more than One Input
6.5 Returns to Scale

Topic 5. Costs, Cost Minimization, Cost Curves (Chapter 7, Chapter 8)
7.2 The Cost-Minimization Problem
8.1 Long-Run Total Cost Curve
8.2 Short-Run Total Cost Curve

Topic 6. Perfectly Competitive Markets (Chapter 9)
9.1 What is Perfect Competition?
9.2 Profit Maximization by a Price-Taking Firm
9.3 How the Market Price is Determined: Short-Run Equilibrium
9.4 How the Market Price is Determined: Long-Run Equilibrium
9.5 Economic Rent and Producer Surplus (without Economic Rent)

Topic 7. Monopoly and Price Discrimination (Chapters 11, 12)
11.1 Profit Maximization by a Monopolist
11.5 The Welfare Economics of Monopoly
12.1 Capturing Surplus
12.2 First-Degree Price Discrimination: Making the Most from Each Consumer
12.4 Third-Degree Price Discrimination: Different Prices for Different Market Segments

Topic 8. Market Structure and Competition (Chapter 13)
13.1 Describing and Measuring Market Structure
13.2 Oligopoly with Homogeneous Products

Home Assignments:
HA1: Topics 1-2
HA2: Topic 3
HA3: Topics 4-5
HA4: Topic 6
HA5: Topic 7

Information

Minimum requirements and assessment criteria

Examination topics

Association in the course directory

Last modified: Mo 07.09.2020 15:28