6 ECTS credits
150 h study time
Offer 1 with catalog number 1021576BNR for all students in the 2nd semester at a (B) Bachelor - advanced level.
The course focuses on micro-economic behaviour by consumers and firms. The starting point is a rational actor that minimizes (or maximizes) an objective function subject to constraints. Rational consumers maximize utility under a budget constraint. Rational firms maximize profit (or another objective) under technological and market constraints. This starting point is applied in many contexts. Strengths and weaknesses of the economic method are treated explicitly. Consumer behaviour is analyzed in an intertemportal setting, in asset markets, in situations of uncertainty, ... The limits of standard micro-economic thinking are explicitly treated by focussing also on alternative frameworks like Behavioural Economics. Producer behaviour is analyzed in different market structures (monopoly, oligopoly, monopolistic competition, perfect competiion) and under hypotheses of symmetric and asymmetric information. Game theoretical insights are introduced.
Not applicable.
The purpose of this course is to provide students with the competences:
The final grade is composed based on the following categories:
Written Exam determines 100% of the final mark.
Within the Written Exam category, the following assignments need to be completed:
Not applicable.
This offer is part of the following study plans:
Bachelor of Business Economics: Startplan Business Economics
Bachelor of Business Economics: Business and Technology
Bachelor of Business Economics: International Business
Preparatory Programme Master of Science in International Business: Default track
Preparatory Programme Master of Science in Business Engineering: Business and Technology: Default track