Modulbeschreibung Intermediate Microeconomics

Methods and duration of examination:

There are three small home assignments each yielding a maximum of ten points. Students are expected to be able to present and comment on their home assignment solutions in class. The average number of points from all home assignments will be added as bonus points to the points achieved in students' exams. The final written exam lasts 120 minutes yielding a maximum of 120 points.

Emphasis of the grade for the final grade: Please check regulations of the study programme

Aim of the module (expected learning outcomes and competencies to be acquired):

Knowledge of intermediate micro economic models involving imperfect competition, uncertainty, asymmetric information and externalities

Contents of the module:

The course extends the set of models covered in basic microeconomics by incorporating market imperfections and market failure. Topics include imperfect completion and strategic behaviour of firms, decisions under uncertainty and insurance, asymmetric information, moral hazard and externalities.

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