wir120 - Microeconomic Theory (Complete module description)

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 (authorised to take exams) 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
Recommended reading	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	http://www.vwl.uni-oldenburg.de/
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.

Type of course	SWS	Frequency	Workload of compulsory attendance
Lecture	3	--	42
Tutorial	1		14
Total module attendance time			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