Universität Wien
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040157 KU Microeconomics for Economics and Finance I (MA) (2023W)

6.00 ECTS (3.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
ON-SITE
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. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Monday 02.10. 08:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 05.10. 08:45 - 11:15 Seminarraum 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 09.10. 08:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 12.10. 08:45 - 11:15 Seminarraum 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 16.10. 08:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 19.10. 08:45 - 11:15 Seminarraum 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 23.10. 08:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 30.10. 08:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Monday 06.11. 08:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 09.11. 08:45 - 11:15 Seminarraum 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 13.11. 08:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 16.11. 08:45 - 11:15 Seminarraum 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 20.11. 08:45 - 11:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Thursday 23.11. 08:45 - 11:15 Seminarraum 6 Oskar-Morgenstern-Platz 1 1.Stock

Information

Aims, contents and method of the course

The objective of this course is to introduce students to formal analysis in economic theory. Upon successful completion of the course, the student will have a solid understanding of individual decision-making (firms and consumers) in markets, as well as how those decisions co-determine economic outcomes (prices and quantities).

The topics of the course are:
1. Preference and Utility. (Sub)Optimal Choice.
2. Classical Demand Theory. Duality and the Envelope Theorem. Welfare Measures.
Application: KlimaBonus.
3. Revealed Preference.
Application: Measures of Rationality.
4. General Equilibrium. Welfare Theorems. Core-Equivalence.
Application: Redistribution and its limits.
5. (If time provides) Production Theory. Properties. Efficiency.
Applications: Misallocation, Test for Competition.

The course will take place as a workshop, where ideas and methods are discussed collectively and students are encouraged to actively participate in the class (flipped-classroom).

Assessment and permitted materials

The evaluation of the course will be based on the completion and exposition of assignments (40%) as well as general class participation (20%). There will be a final, open-book exam (40%) with the possibility of a retake. As usual, the student will need at least 50% for a positive grade.

Minimum requirements and assessment criteria

For a minimum passing grade the student needs 50% of the total points.

Examination topics

Materials will be provided during class as well as Moodle.

Reading list

The main reference for the course is Mas-Colell, Winston and Greene (1995; Chapters 2-6, 11, 14-16). Other useful books include Reny and Jehle (Advanced Microeconomic Theory), Kreps (Microeconomic Foundations Vol. 1)

Association in the course directory

Last modified: Mo 04.09.2023 09:46