DE

Modul

Applied Microeconomics [M-WIWI-101499]

Credits
9
Recurrence
Jedes Semester
Duration
1 Semester
Language
German
Level
3
Version
3

Responsible

Organisation

  • KIT-Fakultät für Wirtschaftswissenschaften

Part of

Bricks

Identifier Name LP
T-WIWI-102892 Economics and Behavior 4.5
T-WIWI-102876 Auction & Mechanism Design 4.5
T-WIWI-102736 Economics III: Introduction in Econometrics 5
T-WIWI-102739 Public Revenues 4.5
T-WIWI-102792 Decision Theory 4.5
T-WIWI-102844 Industrial Organization 4.5
T-WIWI-100005 Competition in Networks 4.5
T-WIWI-102850 Introduction to Game Theory 4.5
T-WIWI-112228 Digital Markets and Market Design 4.5

Competence Certificate

The assessment is carried out as partial exams (according to Section 4 (2), 1-3 SPO) of the courses of this module, whose sum of credits must meet the minimum requirement of credits of this module. The assessment procedures are described for each course of the module separately.

The overall grade of the module is the average of the grades for each course weighted by the credits and truncated after the first decimal.

Competence Goal

Students

  • are introduced to the basic theoretical analysis of strategic interaction situations and shall be able to analyze situations of strategic interaction systematically and to use game theory to predict outcomes and give advice in applied economics settings, (course "Introduction to Game Theory");
  • are exposed to the basic problems of imperfect competition and its implications for policy making; (course "Industrial Organization");
  • are provided with the basic economics of network industries (e.g., telecom, utilities, IT, and transport sectors) and should get a vivid idea of the special characteristics of network industries concerning planning, competition, competitive distortion, and state intervention, (course "Competition in Networks").

Prerequisites

None.

Content

The module's purpose is to extend and foster skills in microeconomic theory by investigating a variety of applications. Students shall be able to analyze real-life problems using microeconomics.

Recommendation

None.

Workload

The total workload for this module is approximately 270 hours. For further information see German version.