040184 UK Microeconomics (2023S)

The lecture will be in class and in English.

i. Format:
There will be two lectures per week, plus a tutorial to discuss the weekly problem set. All course materials will be made available on Moodle.

ii. Content:
This is an introductory course in microeconomics. In the first part of the course, students are introduced to functioning of perfectly competitive markets. In the second part, we examine departures from the competitive market model, for example, market power, externalities, public goods, and asymmetric information. Finally, we discuss the role and scope of government intervention in markets. Basic mathematical knowledge is required (especially algebra, differential calculus, optimization without constraints).

iii. Objectives:
The course has the following learning objectives: (1) to introduce basic microeconomic principles, (2) to analyze the economic world using economic models, (3) to develop critical thinking.

The lecture will be in class and in German.

i. Format:
There will be two lectures per week, plus a tutorial to discuss the weekly problem set. All course materials will be made available on Moodle.

ii. Content:
This is an introductory course in microeconomics. In the first part of the course, students are introduced to functioning of perfectly competitive markets. In the second part, we examine departures from the competitive market model, for example, market power, externalities, public goods, and asymmetric information. Finally, we discuss the role and scope of government intervention in markets. Basic mathematical knowledge is required (especially algebra, differential calculus, optimization without constraints).

iii. Objectives:
The course has the following learning objectives: (1) to introduce basic microeconomic principles, (2) to analyze the economic world using economic models, (3) to develop critical thinking.