Module: GVWL 1: Markets and Economic Decisions (5210-010)

Persons:

• Prof. Dr. Nadja Dwenger (verantwortlich)

Degree Program:

• Management (WS 16/17) (Master, since 01.10.2016)
  1. Semester, semi-elective
• Management (WS 17/18) (Master, since 01.10.2016)
  1. Semester, semi-elective
• Business Administration and Economics (Bachelor, since 28.07.2010)
  1. Semester, compulsory
• Business Administration and Economics Vocational and Business Education (Bachelor, since 28.07.2010)
  1. Semester, compulsory
• Business Administration and Economics (Bachelor, since 01.10.2015)
  1. Semester, compulsory
• Education for Business and Economics (Bachelor, since 01.10.2015)
  1. Semester, compulsory
• Business Administration and Economics (Bachelor, since 01.10.2017)
  1. Semester, compulsory
• Education for Business and Economics (Bachelor, since 01.10.2015)
  1. Semester, compulsory

Relation to other Modules:

Imperfect Competition and Strategic Interaction, Quantitative Methods 1 and 2.

Prerequisites for Attendance:

none

Sprache:

German

ECTS:

6 credits

Frequency:

every winter semester

Length of the Module:

1 semester

Final examination:

written exam

Length of the examination:

90 minutes

Workload:

180 hours 56 hours class attendance 124 hours preparation and follow-up, preparation for the exam and exam

Professional competences:

The students know and understand the rational behaviour of households and corporations in the form of utility and profit maximisation. They have knowledge about the analysis of consumer behaviour and the corporate decision calculation. They are able to graphically and analytically examine the behaviour of households and corporations and to explain the functionality of price mechanisms. Furthermore, they are able to characterise the equilibria in markets in short as well as in long-term observations and can define their welfare economic characteristics.

Courses