607.135 (21W) ECON 1: Microeconomics

Wintersemester 2021/22

Anmeldefrist abgelaufen.

Erster Termin der LV
04.10.2021 12:00 - 14:00 HS 1 On Campus
Nächster Termin:
18.10.2021 12:00 - 14:00 HS 1 On Campus

Überblick

Bedingt durch die COVID-19-Pandemie können kurzfristige Änderungen bei Lehrveranstaltungen und Prüfungen (z.B. Absage von Präsenz-Lehreveranstaltungen und Umstellung auf Online-Prüfungen) erforderlich sein.

Weitere Informationen zum Lehrbetrieb vor Ort finden Sie unter: https://www.aau.at/corona.
Lehrende/r
LV-Titel englisch
ECON 1: Microeconomics
LV-Art
Vorlesung-Kurs (prüfungsimmanente LV )
LV-Modell
Präsenzlehrveranstaltung (Online-Option )
Semesterstunde/n
3.0
ECTS-Anrechnungspunkte
6.0
Anmeldungen
39 (24 max.)
Organisationseinheit
Unterrichtssprache
Englisch
LV-Beginn
04.10.2021
eLearning
zum Moodle-Kurs

Zeit und Ort

Beachten Sie bitte, dass sich aufgrund von COVID-19-Maßnahmen die derzeit angezeigten Termine noch ändern können.
Liste der Termine wird geladen...

LV-Beschreibung

Intendierte Lernergebnisse

This course consists of two parts. The lecture lays down fundamentals of microeconomic theory – along thelines of the course’s textbook. The tutorial part is devoted to solving key review problems and practical examples. Both the tutorials on Tuesday and the one on Wednesday are identical in structure.

Lehrmethodik

For the tutorial part, you will have to prepare take home problem sets and participate in short quizzes during the practical sessions. Lecture content is divided into 10 different blocks of 5 questions each. Each valid answer to a question is worth 0.4 credits. With a total of 50 questions, this yields a maximum of 20 credits that can be earned. Furthermore, you may receive bonus credits for especially active participation. The procedure regarding problem sets is as follows:


  • Problem sets will be made available via learning platform Moodle.
  • Until 4 p.m. the day before your next tutorial session, tick the corresponding boxes of answers that you accurately prepared in AAU’s student portal ZEUS.
  • Please upload a pdf file of your answers via Moodle prior to the start of the related session, if possible. Easiest might be to scan your answers or take a picture.
  • Please name the document as follows: “Course nr_surname_exercise“ (e.g., “607.135_Smith_Exercise1”)
  • During the tutorial sessions, you may be asked to present and explain these answers.

Note that presenters are chosen randomly from the corresponding ZEUS “Kreuzelliste”: You should be able to explain your answer fully. Small mistakes during your presentation happen, nobody is perfect. Yet, if you are absent without excuse, or if the instructor evaluates your presentation as insufficient, you may be deducted up to 10 “malus” credits. Therefore, we recommend to truthfully tick those questions that you are fully prepared to present only.

For the final 15 minutes of each tutorial, you you will take a mini quiz via the learning platform. It consists of two questions, a multiple-choice and an open question. You can earn up to 2 credits for each quiz. For answers to short quizzes, you can reach a further 20 credits at maximum.

Inhalt/e

  • Preliminary discussion, Administrative matters, Principles
  • Supply and demand; elasticities
  • Consumer behavior
  • Individual demand and market demand
  • Production and Production costs
  • Profit maximization and competition
  • Analysis of competitive markets
  • Market power – Monopoly
  • Monopolistic competition & Oligopoly
  • Game Theory
  • Markets with asymmetric information and auctions

Curriculare Anmeldevoraussetzungen

  • Further administrative details will be announced during the 1st session (both lecture and tutorial). 
  • Please note that the course description misses a few dates for tutorial sessions because of public holidays. Alternative dates will be agreed on during the first session.

Literatur

Pindyck, R. and Rubinfeld, D. (2009). Microeconomics. Pearson Prentice Hall.  The book is available in the library.

Prüfungsinformationen

Im Fall von online durchgeführten Prüfungen sind die Standards zu beachten, die die technischen Geräte der Studierenden erfüllen müssen, um an diesen Prüfungen teilnehmen zu können.

Prüfungsmethode/n

Both course parts are evaluated separately. For passing the course, both the lecture part (multiple choice exam, consisting of 16 questions, each 4 credits; 64 credits total) as well as the tutorial part (preparation and presentation of answers to problems with a total of 20 credits, completion of the mini-quizzes with a total of 20 credits, and a final tutorial exam with a total of 20 credits).  Each of these two partial exams contribute one half to the final grade.


Prüfungsinhalt/e

Lecture and tutorial content.

Beurteilungskriterien/-maßstäbe

The grading scheme for the lecture is the following: 

Credits
Grade
59 - 64
  Sehr gut (A)
54 – 58
  Gut (B)
49 – 53      
  Befriedigend (C)
44 – 48
  Genügend (D)
00 – 43    
   Nicht genügend (E)

The grading scheme for the tutorial part is the following:

CreditsGrade
53– 60
Sehr gut (A)
46– 52
Gut(B)
38– 45
Befriedigend(C)
30– 37
Genügend(D)
00– 29
Nicht genügend (E)

In case of failing one or both parts of the course (lecture or tutorial part), the entire course must be retaken. (This is required by law!)

Beurteilungsschema

Note Benotungsschema

Position im Curriculum

  • Bachelorstudium Betriebswirtschaft (SKZ: 518, Version: 18W.1)
    • Fach: Volkswirtschaftslehre (Pflichtfach)
      • 3.2 Volkswirtschaftslehre II: Mikroökonomik ( 0.0h VC / 6.0 ECTS)
        • 607.135 ECON 1: Microeconomics (3.0h VC / 6.0 ECTS)
          Absolvierung im 2., 3. Semester empfohlen
  • Bachelorstudium Angewandte Betriebswirtschaft (SKZ: 518, Version: 14W.3)
    • Fach: Grundlagen der Volkswirtschaftslehre (Pflichtfach)
      • §9(1) Mikroökonomik ( 3.0h VC / 6.0 ECTS)
        • 607.135 ECON 1: Microeconomics (3.0h VC / 6.0 ECTS)
  • Bachelorstudium International Business and Economics (SKZ: 516, Version: 19W.1)
    • Fach: Principles of Economics (Pflichtfach)
      • 2.2 ECON 1: Microeconomics ( 0.0h VC / 6.0 ECTS)
        • 607.135 ECON 1: Microeconomics (3.0h VC / 6.0 ECTS)
          Absolvierung im 1., 2., 3. Semester empfohlen

Gleichwertige Lehrveranstaltungen im Sinne der Prüfungsantrittszählung

Wintersemester 2021/22
  • 607.136 VC ECON 1: Microeconomics (3.0h / 6.0ECTS)
Sommersemester 2021
  • 607.130 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.131 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.132 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.133 VC Mikroökonomik (3.0h / 6.0ECTS)
Wintersemester 2020/21
  • 607.135 VC ECON 1: Microeconomics (3.0h / 6.0ECTS)
  • 607.136 VC ECON 1: Microeconomics (3.0h / 6.0ECTS)
Sommersemester 2020
  • 607.130 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.131 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.132 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.133 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.134 VC Mikroökonomik (3.0h / 6.0ECTS)
Wintersemester 2019/20
  • 607.135 VC ECON 1: Microeconomics (3.0h / 6.0ECTS)
  • 607.136 VC ECON 1: Microeconomics (3.0h / 6.0ECTS)
Sommersemester 2019
  • 607.130 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.131 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.132 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.133 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.134 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.135 VC Microeconomics (3.0h / 6.0ECTS)
Wintersemester 2018/19
  • 607.135 VC Microeconomics (3.0h / 6.0ECTS)
Sommersemester 2018
  • 607.130 VC Microeconomics (3.0h / 6.0ECTS)
Wintersemester 2017/18
  • 607.130 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.131 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.132 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.133 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.134 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.135 VC Microeconomics (3.0h / 6.0ECTS)
Sommersemester 2017
  • 607.130 VC Microeconomics (3.0h / 6.0ECTS)
Wintersemester 2016/17
  • 607.130 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.131 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.132 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.133 VC Mikroökonomik (3.0h / 6.0ECTS)
  • 607.134 VC Mikroökonomik (3.0h / 6.0ECTS)