040184 UK Microeconomics (2025W)

The lecture takes place in class at OMP and is held in German.

i. Format:
There will be two lectures per week, as well as a Q&A session to discuss the weekly problem sets. Course materials are distributed through the Moodle platform.

ii. Content:
The course offer an introduction to microeconomics. In the first part, students are introduced to the ideal model of a perfectly competitive market. In the second part, we examine how real-world markets differ from this ideal, for example, due to market power, externalities, public goods, and asymmetric information problems. Finally, we discuss the role and scope of government intervention in markets. Basic mathematical knowledge is required (especially algebra, differential calculus, optimization with 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.