Universität Wien

040068 KU Applied Microeconomics (MA) (2025S)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

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

  • Monday 03.03. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 06.03. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 10.03. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 13.03. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 17.03. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 20.03. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 24.03. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 27.03. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 31.03. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 03.04. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 07.04. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 10.04. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 08.05. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 12.05. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 15.05. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 19.05. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 22.05. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 26.05. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 02.06. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 05.06. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 12.06. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 16.06. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 23.06. 08:00 - 09:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
    Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 10.07. 13:15 - 14:45 Hörsaal 1 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 consist of theory sections (lecture form) and an exercise class (Übung). All materials will be available in the main course, but it is strongly recommend that 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).

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 an exam worth 50%. In addition, there will be a midterm worth 35% and homework assignments worth 15 %. Students who either failed (i.e., obtained less than 50%) or missed the exam are eligible to participate in the retake exam. The retake exam takes place on 10.07.2025. Students who want to participate in the retake exam need to register by 07.07.2025 the latest.

Exam dates
Midterm 08.05. 16.45 - 18.15
Final exam: 23.06. 8:00-9:30
Retake for final exam: 10.07. 13.15 - 14.45

The use of AI tools to complete homework assignments is explicitly forbidden. If upon grading the assignment, the lecturer believes the use of such a device is likely, the grade would be suspended and the student will be requested to show their work in a one-on-one meeting. If the student cannot show that the work was originally theirs, the student will receive 0% in the assignment.

It is allowed to solve the assignment in groups. However, every student has to submit their own assignment and should be able to present and explain the solutions on the blackboard (if a correct solution was submitted).

Minimum requirements and assessment criteria

The grading for the exam and assignments 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. Competition Policy.
7. Market Failures. Externalities. Information Asymmetries.

Reading list

The best book to follow the course is Kandori's "Mighty Microeconomics".
In addition, the following books may help with specific issues.
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)

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.

3. Game Theory: Basic knowledge of game theory is required. For a refresher, consider "A primer in game theory" by Gibbons.

Association in the course directory

Last modified: Tu 11.03.2025 09:25