363-1109-00L Introduction to Microeconomics
|Semester||Autumn Semester 2018|
|Lecturers||M. Wörter, M. Beck|
|Periodicity||yearly recurring course|
|Language of instruction||German|
|Abstract||The course introduces basic principles, problems and approaches of microeconomics. It describes economic decisions of households and firms, and their coordination through perfectly competitive markets.|
|Objective||Students acquire a deeper understanding of basic microeconomic models. |
They acquire the ability to apply these models in the interpretation of real world economic contexts.
Students acquire a reflective and contextual knowledge on how societies use scarce resources to produce goods and services and distribute them among themselves.
|Content||Market, budget constraint, preferences, utility function, utility maximisation, demand, technology, profit function, cost minimisation, cost functions, perfect competition, information and communication technologies|
|Lecture notes||Course material in e-learning environment https://moodle-app2.let.ethz.ch/auth/shibboleth/login.php|
|Literature||Varian, Hal R. (2014), Intermediate Microeconomics, W.W. Norton|
|Prerequisites / Notice||This course "Einführung in die Mikroökonomie“ (363-1109-00L) is intended for Bachelor students and LE 363-0503-00 "Principles of Microeconomics" for Master students.|