Universität Wien

180091 UK Foundational Microeconomics (2019W)

8.00 ECTS (4.00 SWS), SPL 18 - Philosophie
Continuous assessment of course work
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. 25 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Thursday 03.10. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 04.10. 11:30 - 13:00 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 10.10. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 11.10. 11:30 - 13:00 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 17.10. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 18.10. 11:30 - 13:00 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 24.10. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 25.10. 11:30 - 13:00 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 31.10. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 07.11. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 08.11. 11:30 - 13:00 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 14.11. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 15.11. 11:30 - 13:00 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 21.11. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 22.11. 11:30 - 13:00 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 28.11. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 29.11. 11:30 - 13:00 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 05.12. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 06.12. 11:30 - 13:00 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 12.12. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 13.12. 11:30 - 13:00 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 09.01. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 10.01. 11:30 - 13:00 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 16.01. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 17.01. 11:30 - 13:00 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 23.01. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 24.01. 11:30 - 13:00 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 30.01. 15:00 - 16:30 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Friday 31.01. 11:30 - 13:00 Seminarraum 14 Oskar-Morgenstern-Platz 1 2.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, with a special focus on (re)-distribution and fairness.
If COVID-regulations permit, we will have regular lectures. In addition, I will upload materials and explanatory videos online. Participation in offline lectures is therefore recommended but not mandatory.

Assessment and permitted materials

There will be two exams (Midterm and Endterm) each worth 40%. A retake for each of these exams is possible.
There will also be six assignments, out of which the student should hand in (at least) 4 to obtain full grade (20%). Some of the assignments will consists on text commentary while others will consist on exercises to familiarise the student with the concepts discussed in the lectures.

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.
2. Allocations and Judgements.
3. Competitive Equilibrium and Welfare Theorems.
4. Labor Markets and Production.
4. Markets and Morals.
5. Externalities and Policy.

Reading list

The main reference for the course is 'Lectures in Microeconomics' by Romans Pancs. 2018 MIT press.
The course will follow the topics covered in 'Lectures in Microeconomics' by Romans Pancs. 2018 MIT Press. The level of the book is perhaps too advanced. Varian's "Intermediate Microeconomics" provides an excellent introduction into the concepts of the course.
There is an online e-book called 'CORE Economics' that provides a general introduction to Economics from a modern perspective.
In addition, the following readings are required (as part of coursework)

Week 4. 'The Use of Knowledge in Society' F. Hayek, AER 1945, and 'On The Economic Theory of Socialism' O. Lange, Restud 1936.

Week 6. 'Contract and Fair Exchange' P.S. Atiyah, UoT Law Journal, 1985,

Week 8. 'Lessons from the Kibbutz on the equality-incentives trade-off'. R. Abramitzky, JEP, 2011.

Week 10. 'What money can't buy: the moral limits of markets' The Tanner Lectures on Human Values, Oxford University, 1998; and 'Repugnance as a constraint to markets' A. Roth, JEP, 2007

Week 12. 'The Problem of Social Cost' by R. Coase, JLE, 1972. (pp. 1-28)

Association in the course directory

Last modified: Sa 08.07.2023 00:17