Managerial Economics & Individual Decision-making
level of course unit
1. Study cycle, Bachelor
Learning outcomes of course unit
Students are able to
• to discuss the impact of economic growth on social inequality and the natural environment
• explain how markets work and name determinants of price formation
• evaluate strategic interactions based on game theory models
• understand production decisions in companies and interpret the influences of market structures on price setting.
• examine and critically evaluate current developments on the basis of models.
prerequisites and co-requisites
none
course contents
• Economic growth, social inequality and ecological conditions
• Efficient allocation of scarce resources
• Market model and market equilibrium
• Strategic interaction and social dilemmas
• Elasticity, pricing and market types
• Welfare analysis of state interventions
recommended or required reading
• The CORE Team: The Economy: Economics for a Changing World. Oxford University Press (latest edition)
• Mankiw, Greg: Economics. Cengage Learning EMEA (latest edition)
• Pindyck, Robert; Rubinfeld, Daniel: Microeconomics. Pearson (latest edition)
assessment methods and criteria
Portfolio
language of instruction
English
number of ECTS credits allocated
3
eLearning quota in percent
25
course-hours-per-week (chw)
2
planned learning activities and teaching methods
Blended Learning
semester/trimester when the course unit is delivered
2
year of study
1
recommended optional program components
none
course unit code
IBS.VZB.02.05
type of course unit
integrated lecture
mode of delivery
Compulsory