Modul

The assessment of the module is a written examination according to §4(2), 1 of the examination regulation. The grade of the module corresponds to the grade of this examination.

The main exam takes place subsequent to the lectur. The re-examination is offered at the same examination period. Only repeating candidates are entitled for taking place the re-examination. For a detailed description on the exam regulations see the information of the respective chair.

It is the main aim of this module to provide basic knowledge in economic modelling. In particular, the student should be able to analyze market processes and the determinants of market results. Furthermore, she should be able to evaluate the effects of economic policy measures on market behavior and propose alternative, more effective policy measures.

In particular, the student should learn

• to apply simple microeconomic concepts,
• to analyze the structure of real world economic phenomena,
• to judge the possible effects of economic policy measures on the behavior of economic agents (in simple decision problems),
• to suggest alternative policy measures,
• to analyze as a participant of a tutorial simple economic problems by solving written exercises and to present the results of the exercises on the blackboard,
• to become familiar with the basic literature on microeconomics.

The student should gain basic knowledge in order to help in practical problems

• to analyze the structure of microeconomics relationships and to present own problem solutions,
• solve simple economic decision problems.

None

In the two main parts of the course, problems of microeconomic decision making (household and firm behavior) and problems of commodity allocation on markets (market equilibria and their efficiency properties of markets) are discussed. In the final part of the course, basics of imperfect competition (oligopolistic markets) and of game theory as well as welfare economics are presented.

See German version.