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Department of Economic Theory, Policy and History Department of Economic Theory, Policy and History

Univ.-Prof. Dr. Markus Walzl Univ.-Prof. Dr. Markus Walzl, +43 512 507 96114, +43 512 507 71011

432905

VU Microeconomics

VU 3

6

Block

annually

English

The course provides an in-depth discussion of key concepts of microeconomic theory. Students will acquire a working-knowledge of these concepts and techniques such that main branches of the contemporary literature on microeconomic theory will become accessible.

Focusing on individual decision making and equilibrium theory, central theoretical concepts and proof techniques of modern microeconomics will be discussed and applied. Topics discussed in the first part of the course include preferences and utility, consumer choice, production, and expected utility theory. In the second part of the course, an in-depth treatment of perfect competition, general equilibrium and welfare, existence and uniqueness of general equilibrium is provided.

The main references are Mas-Colell, A., Whinston, M. und J. Green (1995): Microeconomic Theory: Oxford: Oxford University Press. Rubinstein, A. (2012): Lecture Notes in Microeconomic Theory. Princeton: Princeton University Press, available online. More references will be provided during the course.

see dates