ECO 302: Microeconomics A

The goal of this lecture is to impart students the functioning and the welfare characteristics of competitive markets. Discussed in detail are the household theory, decisions under uncertainty, inter-temporal decisions, producer theory, partial and general equilibrium as well as the welfare economy. With numerous applications, special emphasis is put on the practical training of the methodological knowledge. The technical aspects will be deepened in exercises and lecture assignments.
In contrast to the lecture Microeconomics B the focus of Microeconomics A lies on the analysis of non-strategic behavior. The mediated basics of Microeconomics A are essential for many further lectures in business administration and economics.

Learning outcomes
Students are able to not only take an individual perspective in the analysis of social problems, but also recognize the interaction of individuals as an important factor. The students have begun to think in equilibriums. After the completion of the lecture, students are able to reproduce the acquired theoretical knowledge and to apply it to related problems. Furthermore, they have dealt with the model of the competitive market and recognized among which conditions the underlying assumptions are not appropriate. They are able to deepen their knowledge in continuative lectures and independently respectively.
Through the low number of participants in the exercises and through the online-forum, interaction between students and lecturers is encouraged. Within the resultant discussions, students improve their ability to formulate subject-related positions and defend them with arguments.

Necessary prerequisites
semester 4 or higher

Recommended prerequisites
Basics of Economics

Forms of teaching and learningContact hoursIndependent study time
Lecture4 SWS11 SWS
Exercise class2 SWS6 SWS
ECTS credits8
Graded yes
LanguageGerman, English
Form of assessmentWritten exam (120 min)
Restricted admissionno
Further information
Performing lecturer
Prof. Dr. Thomas Tröger
Prof. Dr. Thomas Tröger / Prof. Dr. Susanne Goldlü-cke (German version) / Prof. Dr. Thomas Tröger / Dr. Peter Vida (English version)
Frequency of offeringSpring semester
Duration of module 1 semester
Range of applicationB.Sc. Bus. Adm., other Bachelor programs (depending on respective study regulations) [9]
Preliminary course work
Program-specific Competency GoalsCG 1, CG 2
Course outline--