363-0515-00L  Decisions and Markets

SemesterFrühjahrssemester 2021
DozierendeA. Bommier
Periodizitätjährlich wiederkehrende Veranstaltung
LehrspracheEnglisch



Lehrveranstaltungen

NummerTitelUmfangDozierende
363-0515-00 VDecisions and Markets
The lecture takes place ONLINE via Zoom (not recorded).

The lecturers will communicate the exact lesson times of ONLINE courses.
2 Std.
Mi08:00-10:00ON LI NE »
A. Bommier

Katalogdaten

KurzbeschreibungThis course provides an introduction to microeconomics. The course emphasizes the conceptual foundations of microeconomics and contains concrete examples of their application.
LernzielThe purpose of this course is to provide master students with an introduction to graduate-level microeconomics, particularly for students considering further graduate work in economics, business administration or management science. The course provides the fundamental concepts and tools for graduate courses in economics offered at ETH and UZH.

After completing this course:
- Students will be able to understand and use existing models to make predictions of consumer and firm behavior.
- Students understand the fundamental welfare theorems and will be able to analyze equilibria of markets with perfect and imperfect competition.
- Students will be able to analyze under which conditions market allocations are not efficient (market failure).
InhaltMicroeconomics is the branch of economics which studies the decision-making by an individual, household, firm, industry or level of government. The economic equilibrium is the result of agents' interactions. Microeconomics is an element of nearly every subfield in economic analysis today. This course introduces the fundamental frameworks which form the basis of many economic models.

Theory of the consumer:
- Consumer preferences and utility
- Budget sets and optimal choice
- Demand functions
- Labor supply and intertemporal choice
- Welfare economics

Theory of the producer:
- Technological constraints and the production function
- Cost minimization
- Profit maximization

Market structure:
- Perfectly competitive markets
- Monopoly behavior
- Duopoly behavior

General equilibrium analysis:
- Market equilibrium in an exchange economy
SkriptThe lecture will be based on lecture slides, which will be made available on Moodle.
LiteraturThe course is mostly based on the textbook by R. Serrano and A. Feldman: "A Short Course in Intermediate Microeconomics with Calculus" (Cambridge University Press, 2013). Another textbook of interest is "Intermediate Microeconomics: A Modern Approach" by H. Varian (Norton, 2014).
Exercises are available in the textbook by R. Serrano and A. Feldman ("A Short Course in Intermediate Microeconomics with Calculus", Cambridge University Press, 2013). More exercises can be found in the book "Workouts in Intermediate Microeconomics" by T. Bergstrom and H. Varian (Norton, 2010).
Voraussetzungen / BesonderesThe course is open to students who have completed an undergraduate course in economics principles and an undergraduate course in multivariate calculus.

Leistungskontrolle

Information zur Leistungskontrolle (gültig bis die Lerneinheit neu gelesen wird)
Leistungskontrolle als Semesterkurs
ECTS Kreditpunkte3 KP
PrüfendeA. Bommier
FormSemesterendprüfung
PrüfungsspracheEnglisch
RepetitionEs wird ein Repetitionstermin in den ersten zwei Wochen des unmittelbar nachfolgenden Semesters angeboten.
Zusatzinformation zum PrüfungsmodusStudents can obtain a bonus of up to 0.25 grade points for their final grade by completing learning tasks:
12 non-mandatory weekly learning tasks. Completing at least 80% of the weekly tasks contributes +0.25 grade points to the final course grade.

Lernmaterialien

Keine öffentlichen Lernmaterialien verfügbar.
Es werden nur die öffentlichen Lernmaterialien aufgeführt.

Gruppen

Keine Informationen zu Gruppen vorhanden.

Einschränkungen

Keine zusätzlichen Belegungseinschränkungen vorhanden.

Angeboten in

StudiengangBereichTyp
Management, Technologie und Ökonomie MasterMikro- und MakroökonomieW+Information
MAS in Management, Technology, and EconomicsMicro and MacroeconomicsW+Information
Mathematik MasterEconomicsWInformation