Module Handbook

  • Dynamischer Default-Fachbereich geändert auf WIW

Module WIW-VWL-MIK-M-1

Basics of Economics and Microeconomics (M, 6.0 LP)

Module Identification

Module Number Module Name CP (Effort)
WIW-VWL-MIK-M-1 Basics of Economics and Microeconomics 6.0 CP (180 h)

Basedata

CP, Effort 6.0 CP = 180 h
Position of the semester 1 Sem. in SuSe
Level [1] Bachelor (General)
Language [DE] German
Module Manager
Lecturers
Area of study [WIW-IOE] Microecomonics
Reference course of study [WIW-82.21-SG] B.Sc. Business Studies
Livecycle-State [NORM] Active

Courses

Type/SWS Course Number Title Choice in
Module-Part
Presence-Time /
Self-Study
SL SL is
required for exa.
PL CP Sem.
3V+1U WIW-VWL-MIK-K-1
Basics of Economics and Microeconomics
P 60 h 120 h - - PL1 6.0 SuSe
  • About [WIW-VWL-MIK-K-1]: Title: "Basics of Economics and Microeconomics"; Presence-Time: 60 h; Self-Study: 120 h

Examination achievement PL1

  • Form of examination: written exam (Klausur) (90 Min.)
  • Examination Frequency: irregular (only in semesters, in which the courses are offered)
  • Examination number: 32326 ("Basics of Economics and Microeconomics")

Evaluation of grades

The grade of the module examination is also the module grade.


Contents

Consumer Choice
  • Demand, comparative statics
  • Labour supply
  • Decisions under uncertainty
  • Intertemporal decisions Production
  • Short-term and long-term costs
  • Profit maximization
  • Supply Market Equilibrium
  • Partial and general equilibrium
  • Market entry
  • Welfare

Competencies / intended learning achievements

The successful completion of the course allows students
  • to outline microeconomic models
  • to interpret microeconomic results
  • to solve mathematical equations derived from economic models
  • to compare microeconomic insights and draw conclusions about the effectiveness of political decisions
  • to draft simple microeconomic models on their own
  • to join mathematical results with economic concepts
  • to formulate economic links mathematically
  • to reconstruct economic links and describe them mathematically
  • to argue for and against the effects of political decisions

Literature

  • “Mikroökonomie” by Robert S. Pindyck and Daniel L. Rubinfeld (8th edition, 2013)
  • Lecture slides with integrated problem sets

Requirements for attendance of the module (informal)

Mathematics, analytical reasoning, quantitative methods

Requirements for attendance of the module (formal)

None

References to Module / Module Number [WIW-VWL-MIK-M-1]

Course of Study Section Choice/Obligation
[CHE-88.707-SG#2020] M.Sc. Business Chemistry [2020] [Compulsory Elective Modules] Grundmodule der Wirtschaftswissenschaften [WP] Compulsory Elective
[MAT-82.105-SG] B.Sc. Mathematics [Subsidiary Topic] Subsidiary Subject (Minor) [P] Compulsory
[MAT-82.276-SG] B.Sc. Business Mathematics [Core Modules (non specialised)] Economics and Business Sciences [P] Compulsory
[MV-82.814-SG] B.Sc. Mechanical Engineering with a minor in Economics [Core Modules (non specialised)] Anwendungsblock [P] Compulsory
[WIW-82.21-SG] B.Sc. Business Studies [Fundamentals] Basics in Economics [P] Compulsory
[WIW-82.789-SG] B.Sc. Business Studies with Technical Qualifications [Fundamentals] Basics in Economics [P] Compulsory
[WIW-82.177-SG] B.Sc. Business Administration and Engineering specialising in Chemistry [Fundamentals] Basics in Economics [P] Compulsory
[WIW-82.178-SG] B.Sc. Business Administration and Engineering specialising in Electrical Engineering [Fundamentals] Basics in Economics [P] Compulsory
[WIW-82.176-SG] B.Sc. Business Administration and Engineering specialising in Computer Science [Fundamentals] Basics in Economics [P] Compulsory
[WIW-82.179-SG] B.Sc. Business Administration and Engineering specialising in Mechanical Engineering [Fundamentals] Basics in Economics [P] Compulsory
[WIW-82.175-SG] B.Sc. Business Administration and Engineering specialising in Environmental and Process Engineering [Fundamentals] Basics in Economics [P] Compulsory
[WIW-82.?-SG#2021] B.Sc. Business Studies 2021 [2021] [Fundamentals] Fundamentals of Economic Sciences [P] Compulsory
[WIW-82.?-SG#2021] B.Sc. Business Studies with Technical Qualifications 2021 [2021] [Fundamentals] Fundamentals of Economic Sciences [P] Compulsory
[WIW-82.?-SG#2021] B.Sc. Business Administration and Engineering specialising in Chemistry 2021 [2021] [Fundamentals] Fundamentals of Economic Sciences [P] Compulsory
[WIW-82.?-SG#2021] B.Sc. Business Administration and Engineering specialising in Electrical Engineering 2021 [2021] [Fundamentals] Fundamentals of Economic Sciences [P] Compulsory
[WIW-82.?-SG#2021] B.Sc. Business Administration and Engineering specialising in Computer Science 2021 [2021] [Fundamentals] Fundamentals of Economic Sciences [P] Compulsory
[WIW-82.?-SG#2021] B.Sc. Business Administration and Engineering specialising in Mechanical Engineering 2021 [2021] [Fundamentals] Fundamentals of Economic Sciences [P] Compulsory
[WIW-82.?-SG#2021] B.Sc. Business Administration and Engineering specialising in Energy and Process Engineering [2021] [Fundamentals] Fundamentals of Economic Sciences [P] Compulsory