Managerial Economics & Business Decisions
Niveau
First study cycle, Bachelor
Learning outcomes of the courses/module
The participants:
• can discuss the effects of economic growth on social inequality and the natural environment.
• can explain how markets function and name factors influencing price formation.
• can evaluate strategic interactions on the basis of game-theory models.
• are able to understand production decisions in companies and to interpret the influences of market structures on pricing.
• can examine and critically evaluate current developments on the basis of models.
• can discuss the effects of economic growth on social inequality and the natural environment.
• can explain how markets function and name factors influencing price formation.
• can evaluate strategic interactions on the basis of game-theory models.
• are able to understand production decisions in companies and to interpret the influences of market structures on pricing.
• can examine and critically evaluate current developments on the basis of models.
Prerequisites for the course
none
Course content
• Economic growth, social inequality and environmental conditions
• Efficient allocation of scarce resources
• The market model and market equilibrium
• Strategic interaction and social dilemmas
• Elasticity, pricing and market structures
• Analysis of the welfare effects of government intervention
• Efficient allocation of scarce resources
• The market model and market equilibrium
• Strategic interaction and social dilemmas
• Elasticity, pricing and market structures
• Analysis of the welfare effects of government intervention
Recommended specialist literature
• Mankiw, Greg: Economics; Cengage Learning EMEA (latest edition)
• The CORE Team: The Economy: Economics for a Changing World, Oxford University Press (latest edition)
• Pindyck, Robert; Rubinfeld, Daniel: Microeconomics; Pearson (latest edition)
• The CORE Team: The Economy: Economics for a Changing World, Oxford University Press (latest edition)
• Pindyck, Robert; Rubinfeld, Daniel: Microeconomics; Pearson (latest edition)
Assessment methods and criteria
Portfolio
Language
English
Number of ECTS credits awarded
3
Semester hours per week
Planned teaching and learning method
Blended learning
Semester/trimester in which the course/module is offered
1