363-0503-00L  Principles of Microeconomics

SemesterHerbstsemester 2018
DozierendeM. Filippini
Periodizitätjährlich wiederkehrende Veranstaltung
LehrspracheEnglisch
KommentarGESS (Science in Perspective): Suitable for Master students.
Bachelor students should take the course ‚Einführung in die Mikroökonomie (363-1109-00L)‘.


KurzbeschreibungThe course introduces basic principles, problems and approaches of microeconomics. This provides them with reflective and contextual knowledge on how societies use scarce resources to produce goods and services and distribute them among themselves.
LernzielThe learning objectives of the course are:

(1) Students must be able to discuss basic principles, problems and approaches in microeconomics. (2) Students can analyse and explain simple economic principles in a market using supply and demand graphs. (3) Students can contrast different market structures and describe firm and consumer behaviour. (4) Students can identify market failures such as externalities related to market activities and illustrate how these affect the economy as a whole. (5) Students can also recognize behavioural failures within a market and discuss basic concepts related to behavioural economics. (6) Students can apply simple mathematical treatment of some basic concepts and can solve utility maximisation and cost minimisation problems.
SkriptLecture notes, exercises and reference material can be downloaded from Moodle.
LiteraturN. Gregory Mankiw and Mark P. Taylor (2017), "Economics", 4th edition, South-Western Cengage Learning.
The book can also be used for the course 'Principles of Macroeconomics' (Sturm)

For students taking only the course 'Principles of Microeconomics' there is a shorter version of the same book:
N. Gregory Mankiw and Mark P. Taylor (2017), "Microeconomics", 4th edition, South-Western Cengage Learning.

Complementary:
1. R. Pindyck and D. Rubinfeld (2018), "Microeconomics", 9th edition, Pearson Education.
2. Varian, H.R. (2014), "Intermediate Microeconomics", 9th edition, Norton & Company