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International Business Administration

Intermediate Microeconomics

Exam number: 6045

Semester: from 4th semester (Schwerpunktbildung)

Duration of the module: One semester

Form of the module (i.e. obligatory, elective etc.): Elective

Frequency of module offer: Each winter semester, for the last time in winter semester 2016/2017

Prerequisites: Successful completion of Mathematik / Mathematics, Mikroökonomie / Microeconomics. Grundlagenausbildung should be completed.

Applicability of module for other study programmes:
Obligatory or elective in other study programmes. For further information check regulations of the study programme.

Person responsible for module: Prof. Ingo Geishecker, PhD

Name of the professor: Prof. Ingo Geishecker, PhD

Language of teaching: English

ECTS-Credits (based on the workload): 6

Workload and its composition (self-study, contact time):
Contact time (lecture, tutorials, seminar etc.) 33,75 h; self-study: 146,25 h

Contact hours (per week in semester): 3

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.

Teaching and learning methods:
Lecture with tutorial and exercise classes

Literature (compulsory reading, recommended literature):
Hal R. Varian “Intermediate Microeconomics: A modern Approach”, Norton, New York.

Further information:
Registration in Moodle Viadrina required.