Universität Wien
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040059 UK Microeconomics for Students of Economics (BA) (2020S)

12.00 ECTS (6.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
Moodle

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: German

Lecturers

Classes (iCal) - next class is marked with N

Please, take into account the following additional information regarding "home learning" for this course; notice in particular that some details related to exams and grading have been adapted to the Moodle course:
https://moodle.univie.ac.at/pluginfile.php/9904983/mod_resource/content/3/Mikro_SS20_00b_Hinweise_Home-Learning.pdf

  • Wednesday 04.03. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 04.03. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 05.03. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 05.03. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 09.03. 11:30 - 13:00 Hörsaal 11 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 11.03. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 11.03. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 16.03. 11:30 - 13:00 Hörsaal 11 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 18.03. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 18.03. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 19.03. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 19.03. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 23.03. 11:30 - 13:00 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 25.03. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 25.03. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 26.03. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 26.03. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 30.03. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 01.04. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 01.04. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 02.04. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 02.04. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 20.04. 11:30 - 13:00 Hörsaal 11 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 22.04. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 22.04. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 23.04. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 23.04. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 27.04. 11:30 - 13:00 Hörsaal 11 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 29.04. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 29.04. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 30.04. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 30.04. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 04.05. 11:30 - 13:00 Hörsaal 11 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 06.05. 15:00 - 16:30 Hörsaal 13 Oskar-Morgenstern-Platz 1 2.Stock
    Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 11.05. 11:30 - 13:00 Hörsaal 11 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 13.05. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 13.05. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 14.05. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 14.05. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 18.05. 11:30 - 13:00 Hörsaal 11 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 20.05. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 20.05. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 25.05. 11:30 - 13:00 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 27.05. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 27.05. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 28.05. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 28.05. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 03.06. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 03.06. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 04.06. 15:00 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 04.06. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 08.06. 11:30 - 13:00 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 10.06. 15:00 - 16:30 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Wednesday 10.06. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 15.06. 11:30 - 13:00 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 17.06. 15:00 - 16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Wednesday 17.06. 16:45 - 18:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 18.06. 15:00 - 16:30 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 18.06. 16:45 - 18:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 22.06. 11:30 - 13:00 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 28.09. 13:15 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß

Information

Aims, contents and method of the course

Aims: Bachelor students become familiar with the basic tools and models of microeconomic analysis. At the end of the semester, students are able to apply equilibrium analysis, the principles of optimizing behavior, and comparative statics to simple economic questions, mainly in the framework of perfectly competitive markets.

Contents: Preferences and utility functions, utility maximization, demand functions, substitution and income effect, equivalent and compensating variation; production function, cost minimization, cost functions, profit maximization, supply function; perfectly competitive markets, demand and supply, competitive equilibrium; consumers' and producers' surplus, efficiency; monopoly, monopsony, price discrimination.

Method: The lecturer presents the main contents and introductory examples in class. The focus of the lecture, however, is on the difficulties that students encounter when going through the materials. Students are expected to prepare before every lecture with help of precise readings and questions specified in advance. Materials and problem sets are available in the Moodle platform. Part of the problems are discussed in class either in groups or with student presentations. Students get credit for some of the problems solved and turned in during the exercise units.

Assessment and permitted materials

Two closed-book, written exams (midterm and final) and a class grade. In class students are expected to actively participate in the discussion of problems and have often the possibility to turn in some of the questions for credit. These are specified during the lecture.

Exam dates:
--> Midterm on Wed. 6 May 2020 from 15:00 to 16:30 in lecture rooms 8 (1st floor) and 13 (2nd floor).
--> Final on Wed. 24 June 2020 from 16:45 to 18:15 in lecture rooms 6 and 8 (both on 2nd floor).
--> Make-up exam on Monday 28 September 2020.

Minimum requirements and assessment criteria

The different exams and problems will contribute as follows to the final grade: Midterm 30%; Final 40%; Problems 30%. Students are expected to turn in problems solved during class four times during the semester; the best two problem grades count 10% each and the other count 5% each.

For a minimum passing grade students need 60% of total points. The grade of midterm and final can be improved in an optional make-up exam before the end of the semester.

Grading will be as follows: 0-59% - fail; 60-67% - pass; 68-75% - satisfactory; 76-87% - good; 88-100% - very good.

Examination topics

All contents and material presented in class and made available in the course platform.

Reading list

-> David Besanko, Ronald Braeutigam, Microeconomics, Wiley.
-> Robert Frank, Microeconomics and Behavior, McGraw Hill.
-> Thomas Nechyba, Microeconomics: An Intuitive Approach with Calculus, South Western.
-> (auf Deutsch) Robert Pindyck, Daniel Rubinfeld, Mikroökonomie, Pearson.

Association in the course directory

Last modified: Fr 11.09.2020 13:47