wir120 - Microeconomic Theory (Complete module description)

wir120 - Microeconomic Theory (Complete module description)

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Module label Microeconomic Theory
Modulkürzel wir120
Credit points 6.0 KP
Workload 180 h
Institute directory Department of Business Administration, Economics and Law (Business Administration and Business Education)
Verwendbarkeit des Moduls
  • Bachelor's Programme Business Administration and Law (Bachelor) >
  • Bachelor's Programme Economics and Business Administration (Bachelor) >
  • Bachelor's Programme Sustainability Economics (Bachelor) >
  • Dual-Subject Bachelor's Programme Economics and Business Administration (Bachelor) >
Zuständige Personen
  • Lehrenden, Die im Modul (Prüfungsberechtigt)
  • Helm, Carsten (module responsibility)
  • Rahmeier Seyffarth, Anelise (Module counselling)
  • Rüb, Daniel (Module counselling)
  • Lehrenden, Die im Modul (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
Literaturempfehlungen
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.
Form of instruction Comment SWS Frequency Workload of compulsory attendance
Lecture 3 -- 42
Tutorial 1 14
Präsenzzeit Modul insgesamt 56 h
Examination Prüfungszeiten 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