432054 Theory of Economic Decisions 1: Markets and Prices

winter semester 2012/2013 | Last update: 16.04.2013 Place course on memo list
Theory of Economic Decisions 1: Markets and Prices
VO 3
each semester
The objective of this course is to provide a first introduction to the basics of microeconomic theory. To this end, important concepts concerning the analysis of economic behavior at the individual level will be discussed. It is further shown how simple models based on these basic concepts might contribute to the process of modeling and analyzing economic problems. Key insights will be discussed with the help of a variety of practical examples.
This course provides an introduction to the methodology of microeconomic thinking. Central contents of this course include the concept of opportunity costs, the theory of consumption and production, and the functioning of markets in perfectly competitive economies. Students will acquire a basic working knowledge with respect to quantitative methods such as constrained optimization and comparative-static analysis.
presentation, discussion, case studies
written examination
Varian, H. R. (2009): Intermediate Microecomics: A Modern Approach, 8th edition. New York: Norton. oder Deutsche Übersetzung: Varian, H. R. (2011): Grundzüge der Mikroökonomik, 8. Auflage. München und Wien: Oldenbourg.
see dates at lecture 432001 or 432002, respectively; venue: AULA, Lecture hall 1
siehe Termine wahlweise bei LV 432001, 432002, AULA/HS1