Microeconomic Theory and Policy
- Faculty
Faculty of Business Management and Social Sciences
- Version
Version 1 of 06.12.2023.
- Module identifier
22B1295
- Module level
Bachelor
- Language of instruction
English
- ECTS credit points and grading
5.0
- Module frequency
only winterterm
- Duration
1 semester
- Brief description
Microeconomic principles and state intervention.
- Teaching and learning outcomes
1. Introduction 2. Consumer economics 3. Producer economics 4. Perfect and imperfect competition 5. State interventions 6. Introduction: New institutional economics 7. Introduction: Game theory
- Overall workload
The total workload for the module is 150 hours (see also "ECTS credit points and grading").
- Teaching and learning methods
Lecturer based learning Hours of workload Type of teaching Media implementation Concretization 58 Lecture Presence - 2 Examination Presence - Lecturer independent learning Hours of workload Type of teaching Media implementation Concretization 40 Preparation/follow-up for course work - 25 Study of literature - 25 Exam preparation -
- Graded examination
- Written examination or
- Portfolio exam
- Remark on the assessment methods
The portfolio exam covers 120 points and consists of a one-hour written examination (K1) and a final one-hour written examination (K1). Each K1 is weighted by 60 points
- Exam duration and scope
Written examinations: : in accordance with the valid study regulations
The requirements are specified in the respective lectures.
- Recommended prior knowledge
Mathematics (from school)
- Knowledge Broadening
Students who have successfully studied this module know the central microeconomic questions associated with the supply of goods and the economic policy target system.
- Knowledge deepening
Students are able to recognize strengths and weaknesses of the market allocation and to assess state interventions in the market process on the basis of welfare-theoretical facts.
- Knowledge Understanding
Students are able to assess economic policy proposals theory-based.
- Application and Transfer
Students are able to use their available economic tool for solutions and to develop case-related approaches on their own.
- Academic Innovation
Students will be able to creatively use a selected set of economic tools and develop possible solutions.
- Communication and Cooperation
Students are able to process economic questions and to present them to third persons in an appropriate manner.
- Academic Self-Conception / Professionalism
Students will have developed an ability to abstract that allows them to apply economic concepts to current economic policy issues and make a multidimensional assessment.
- Literature
Skala, Martin (2022): Economic Models -- A Collection of Classics: Polypoly vs. Monopoly: www.zemit.wi.hs-osnabrueck.de/econmodels2/polymono2.html Landing Page: www.zemit.wi.hs-osnabrueck.de/econmodels2/index.html *************** Krugman, Paul; Wells, Robin (latest ed.): Economics. Mankiw, N. Gregory; Taylor, Mark P. (latest ed.): Principles of Economics. *************** Additional sources will be given in the lecture.
- Linkage to other modules
Microeconomics is the nucleus of the entire business administration, especially with its subareas "Theory of the Firm", "Theory of Housholds" and "Market and Price Theory".
In addition, it leads directly to "Macroeconomic Theory and Policy" via the production function and to "International Economics" via the microeconomic understanding of the market.
- Applicability in study programs
- International Business and Management
- International Business and Management, B.A.
- Business Management in the Health Sector
- Business Management in the Health Sector, B.A.
- International Management
- International Management, B.A.
- Business Administration and Management
- Business Administration and Management, B.A.
- Person responsible for the module
- Skala, Martin
- Teachers
- Skala, Martin