Applied Economics: Markets & Prices
Niveau
1st 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 for price formation.
• can evaluate strategic interactions based on game-theoretical models.
• can understand production decisions in companies and interpret the influences of market forms on pricing.
• can examine current developments based on models and critically evaluate them.
• are able to apply the market model in order to analyze, for example, the impact of government intervention.
• can discuss the effects of economic growth on social inequality and the natural environment.
• can explain how markets function and name factors for price formation.
• can evaluate strategic interactions based on game-theoretical models.
• can understand production decisions in companies and interpret the influences of market forms on pricing.
• can examine current developments based on models and critically evaluate them.
• are able to apply the market model in order to analyze, for example, the impact of government intervention.
Prerequisites for the course
None
Course content
• Economic growth, social inequality, and environmental conditions
• Efficient allocation of scarce resources
• Market model and market equilibrium
• Strategic interaction and social dilemmas
• Elasticity, pricing, and market forms
• Analysis of the welfare effects of government intervention
• Efficient allocation of scarce resources
• Market model and market equilibrium
• Strategic interaction and social dilemmas
• Elasticity, pricing, and market forms
• Analysis of the welfare effects of government intervention
Recommended specialist literature
• Mankiw, Greg; Taylor, Marc: Grundzüge der Volkswirtschaftslehre; Schäffer-Poeschel (neueste Ausgabe)
• CORE Economics Education: Die Wirtschaft: Volkswirtschaftslehre für eine sich ändernde Welt. De Gruyter Oldenbourg (neueste Ausgabe)
• Pindyck, Robert; Rubinfeld, Daniel: Mikroökonomie. Pearson Studium (neueste Ausgabe)
• CORE Economics Education: Die Wirtschaft: Volkswirtschaftslehre für eine sich ändernde Welt. De Gruyter Oldenbourg (neueste Ausgabe)
• Pindyck, Robert; Rubinfeld, Daniel: Mikroökonomie. Pearson Studium (neueste Ausgabe)
Assessment methods and criteria
Portfolio assessment
Language
German
Number of ECTS credits awarded
4
Semester hours per week
Planned teaching and learning method
Blended learning
Semester/trimester in which the course/module is offered
3