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University of Oldenburg
15.10.2021 22:50:09
wir120 - Microeconomic Theory (Complete module description)
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Module label Microeconomic Theory
Module code wir120
Credit points 6.0 KP
Workload 180 h
Institute directory Department of Business Administration, Economics and Law (Business Administration and Business Education)
Applicability of the module
  • Bachelor's Programme Business Administration and Law (Bachelor) > Aufbaubereich Wirtschaftswissenschaften
  • Bachelor's Programme Economics and Business Administration (Bachelor) > Aufbaumodule
  • Bachelor's Programme Sustainability Economics (Bachelor) > Grundlagen-/Basiscurriculum
  • Dual-Subject Bachelor's Programme Economics and Business Administration (Bachelor) > Aufbaumodule
Responsible persons
Lehrenden, Die im Modul (Authorized examiners)
Helm, Carsten (Module responsibility)
Rahmeier Seyffarth, Anelise (Module counselling)
Rüb, Daniel (Module counselling)
Prerequisites
Skills to be acquired in this module
Students
• understand the relevance of microeconomics as a method for analysing economic interactions and for understanding the behaviour of typical agents,
• are proficient in microeconomics at an intermediate level, and can put microeconomic issues in the context of scientific discussions,
• can apply microeconomic methods and critically question them,
• can exchange themselves in teams about microeconomic problems, develop solutions together, and can put them forward in the scientific debate.
Module contents
  • definition und description of microeconomics
  • household theory (budget, preferences, utility, optimal consumption plan, demand)
  • theory of the firm (technology, costs, profit maximization, supply)
  • markets (perfect competition, monopoly, oligopoly)
  • market failure (external effects, public goods, asymmetric information)
  • game theory and behavioural economics
Reader's advisory
Varian, H. (2016), Grundzüge der Mikroökonomik, Oldenbourg Verlag, München. Pindyck, R. S. und D. L. Rubinfeld (2013): Mikroökonomie, Pearson Verlag. Stocker, F. (2013): Spaß mit Mikro: Praktische Mikroökonomik für (ver)zweifelnde Studierende, Oldenbourg Verlag, Münschen.
Links
Language of instruction German
Duration (semesters) 1 Semester
Module frequency jährlich
Module capacity unlimited
Reference text
The module consists of a lecture and a tutorial. In the lecture the content of the module is presented. In the tutorial, these topics are discussed and practiced by means of exercises.
Modullevel / module level
Modulart / typ of module je nach Studiengang Pflicht oder Wahlpflicht
Lehr-/Lernform / Teaching/Learning method
Vorkenntnisse / Previous knowledge Einführung in die VWL (wir041), Mathematik für Ökonomen (mat990)
Course type Comment SWS Frequency Workload of compulsory attendance
Lecture
3 -- 42
Tutorial
1 14
Total time of attendance for the module 56 h
Examination Time of examination Type of examination
Final exam of module
at the end of the semester
Written exam; by solving the exercises in the tutorial, bonus points can be obtained