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Module name (EN): Microeconomics
Degree programme: International Business, Bachelor, ASPO 01.10.2008
Module code: BAIBA-120
Hours per semester week / Teaching method: 4V (4 hours per week)
ECTS credits: 4
Semester: 1
Mandatory course: yes
Language of instruction:
Written exam

[updated 10.12.2020]
Applicability / Curricular relevance:
BAIBA-120 International Business, Bachelor, ASPO 01.10.2008, semester 1, mandatory course
60 class hours (= 45 clock hours) over a 15-week period.
The total student study time is 120 hours (equivalent to 4 ECTS credits).
There are therefore 75 hours available for class preparation and follow-up work and exam preparation.
Recommended prerequisites (modules):
Recommended as prerequisite for:
BAIBA-510 Economic Policy

[updated 01.02.2011]
Module coordinator:
Prof. Dr. Gustav Vogt

[updated 05.07.2012]
Learning outcomes:
After successfully completing this course, students will how prices are formed on goods markets, depending on the market form.

[updated 10.12.2020]
Module content:
Basic concepts of economics, demand for goods, basics of production theory, basics of cost theory, supply of goods, markets and price formation, price formation in full competition, price formation in monopoly, price formation in monopolistic competition, price formation in oligopoly, game theoretic solutions, market failure (asymmetric information, external effects, public goods)

[updated 10.12.2020]
Teaching methods/Media:
Lecture, exercises

[updated 10.12.2020]
Recommended or required reading:
- Mankiw, N. G., Taylor, M. P., Grundzüge der Volkswirtschaftslehre, 4. Aufl., Stuttgart 2008
- Pindyck, R. S., Rubinfeld, D.L., Mikroökonomie, 7. Aufl., Pearson Studium, München 2009
- Schumann, J., Meyer, U., Ströbele W., Grundzüge der mikroökonomischen Theorie, 8. Aufl., Springer, Berlin u.a. 2007         
- Varian, H. R., Grundzüge der Mikroökonomik, 7 Aufl., Oldenbourg, München 2007
- Vogt, G., Faszinierende Mikroökonomie,  3. Aufl., Oldenbourg, München 2009

[updated 10.12.2020]
[Tue Jan 25 00:37:24 CET 2022, CKEY=im, BKEY=ibw, CID=BAIBA-120, LANGUAGE=en, DATE=25.01.2022]