Universität Wien
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040055 KU Applied Microeconomics (MA) (2024W)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
Moodle
Mo 20.01. 16:45-18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 200 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Thursday 03.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 07.10. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 10.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 14.10. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 17.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 21.10. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 24.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 28.10. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 31.10. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 04.11. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 07.11. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 18.11. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 21.11. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 25.11. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 28.11. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 02.12. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 05.12. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 09.12. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 12.12. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 16.12. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 09.01. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 13.01. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 16.01. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 23.01. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Friday 07.02. 11:30 - 13:00 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß

Information

Aims, contents and method of the course

The objective of this course is to introduce the student to the main tools and ideas in Microeconomics.
The course will take place in person but lectures will be available to stream both live and for a short while afterwards.
In the companion course (UE Applied Microeconomics), the TA (Mr Kaan Ragip) will go over the various assignments of the course. All materials will be available in the main course, but I recommend every student who partakes in KU Applied Microeconomics get access to the Moodle of the UE Applied Microeconomics to have access to these tutorials (even if the course is not taken for credit).

For general information on the program, please see here: https://moodle.univie.ac.at/course/view.php?id=433481

Assessment and permitted materials

In order to obtain a grade for the course, the student must participate in the first unit. In case of illness, please provide a written certificate before the class. For those students on the waiting list, please wait until spaces open due to de-registration. Once a slot is provided, participation in the next unit is necessary.
There will be two written exams (in person except for justified reasons), each worth 50%.

Exam Dates:
Midterm: MO 11.11.2024 16.45-18.15 Hörsaal 4 , Hörsaal 6
Endterm: MO 27.01.2025 16.45-18.15 Hörsaal 4 , Hörsaaal 6

Both the final and the midterm may be retaken in February 7th, but only if you took part in the original exam. If the exam is retaken, the grade is automatically replaced by the new exam.

Minimum requirements and assessment criteria

The grading will be as follows.
>85%, 1
70-85%, 2
60-70%, 3
50-60%, 4
less than 50%, 5.

Examination topics

Topics.
1. Preferences and choice. Demand Theory.
2. Allocations. Fairness and Efficiency.
3. Competitive Equilibrium and Welfare Theorems in Exchange Economies.
4. Production. Technology and Cost. Misallocation and Trade. Firm Optimization.
5. Imperfect Competition.
6. Labor markets. Heterogeneous workers. Monopsony Power. Policy Evaluation.
7. Market Failures. Externalities. Information Asymmetries.

Reading list

There is no single book that allows to follow the whole course. The following is a list of references that may be used to supplement the lectures.
1. Resources to understand key concepts:
Varian's 'Intermediate Microeconomics' provides a comprehensive and easily accessible introduction to the main concepts of the course, while his (Varian's) Microeconomic Analysis provides a deeper level coverage of the same topics. The level of the course will lie somewhat in between these two books.
Ariel Rubinstein's book is available online and is at a similar level as Varian's Microeconomic Theory (you can download it here https://www.openbookpublishers.com/product/1171)
The connection with empirical work in these books is scant; a good reference in this regard is this collection of lecture notes (https://ocw.mit.edu/courses/economics/14-03-microeconomic-theory-and-public-policy-fall-2016/lecture-notes/ )
2. Questions-Based Books:
Pancs' "Lectures in Microeconomics" is more advanced and has a more modern focus. We will follow the "questions approach" in this book but at a lower level of sophistication.
Mighty Microeconomics (Kandori). This book covers only some of the topics in the course but may be helpful to understand how to translate economics into words (and back)
3. Mathematical Tools: For students who are interested in obtaining a deep understanding of economic theory but have a weaker math background, I recommend Simon and Blume's "Mathematics for Economists" (in particular Chapters 1-5 and 14-17).

Association in the course directory

Last modified: Fr 13.12.2024 10:45