Economics III (Advanced Microeconomics)

Module WI000100

This Module is offered by Chair of Public Finance and Industrial Organization (Prof. Frhr. von Weizsäcker).

This module handbook serves to describe contents, learning outcome, methods and examination type as well as linking to current dates for courses and module examination in the respective sections.

Module version of SS 2015 (current)

There are historic module descriptions of this module. A module description is valid until replaced by a newer one.

available module versions
SS 2015WS 2011/2

Basic Information

WI000100 is a semester module in German or English language at Master’s level which is offered in summer semester.

This Module is included in the following catalogues within the study programs in physics.

  • Catalogue of soft-skill courses
Total workloadContact hoursCredits (ECTS)
180 h 60 h 6 CP

Content, Learning Outcome and Preconditions

Content

Building on the fundamentals of Economics I, this course imparts advanced concepts of microeconomics, focussing on choice under uncertainty and strategic interaction. Among other things it considers markets under asymmetric information and imperfect competition.

Learning Outcome

Participation in the course will enable the students to understand the basic concepts and models of insurance economics and strategic competition, and to utilize them with contract- and game-theoretic methods.

Preconditions

WI000021 "Economics I Microeconomics)" OR WI001056 "Introduction to Economics"

Courses, Learning and Teaching Methods and Literature

Courses and Schedule

ArtSWSTitelDozent(en)Termine
VO 2 Volkswirtschaftslehre III (WI000100) Dienstag, 09:45–11:15
sowie einzelne oder verschobene Termine
UE 2 Übung zur Vorlesung Volkswirtschaftslehre III (WI000100) Mittwoch, 09:45–11:15
sowie einzelne oder verschobene Termine

Learning and Teaching Methods

The module consists of a lecture as well as an exercise course. The lecture content will be conveyed to the students by means of a verbal presentation. In the exercise course participants apply the acquired knowledge by solving exercises and implementing case studies. The course aims at encouraging students to independently deliberate the economic problems, which are discussed in the lecture and in the relevant literature.

Media

text books, script, exercises

Literature

Gravelle, Hugh and Ray Rees (2004): Microeconomics. Harlow: Pearson AND Shy, Oz (1996): Industrial Organization: Theory and Applications. Cambridge: MIT Press AND Varian, Hal (1992): Microeconomic Analysis. New York: Norton

Module Exam

Description of exams and course work

Students receive credit for the course by passing a multiple choice exam (written, 120 minutes). The examination is designed to assess the participants' capabilities to apply microeconomic theory in order to discuss and solve problems within limited time and without auxiliary means. Participants should demonstrate their capacity for abstraction (thinking in economic models) and concretization (interpreting and applying the results of the model). The examination questions refer to the content of the lecture and the exercise course.

Exam Repetition

There is a possibility to take the exam in the following semester.

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