Course: Basic Microeconomics (4902-441)

Persons:

• Dr. Kirsten Boysen-Urban (verantwortlich)

Type of Course:

lecture

In-Class Hours Per Week:

2

Contents:

This lecture comprises the basic microeconomic concepts of household theory, theory of the firm, and the theory of markets under perfect and imperfect competition, as well as the economics of the public sector (public goods, externalities). These concepts are applied in many examples to the agricultural and food sector of developing and developed economies with a focus on interactions between agriculture and the environment. It will be shown how to apply microeconomic concepts to real world situations and policy challenges. This lecture is enhanced by the distribution of exercises and solutions, as well as a voluntary tutorial in order to support students in the application of microeconomic concepts.

Literature:

The lecture is organized along the microeconomic part of "Principles of Economics" by Gregory Mankiw. The textbook "Economics" by Samuelson/Nordhaus has a similar content.
The mathematical concepts used (differential and integral calculus) are well explained in "Fundamental Methods of Mathematical Economics" by Alpha C. Chiang.

Location:

Hohenheim

Remarks:

This lecture is offered in the first half of the semester (4 hours per week). We offer an additional voluntary tutorial to support students in working on distributed exercises. This module is strongly recommended for first semester AgEcon students who find their background in economics weak.

Module:

• 4201-450 Economics and Management (compulsory)
• 4902-440 Economics and Environmental Policy (compulsory)

eLearning:

Course in ILIAS