Nummer10301S1Zielsetzung / Purpose- Students know the principles of economics and are able to use basic microeconomic models in words and by using graphs
- Students can explain how markets work (achievements and failures)
- Students analyze the economic consequences of government interventions in markets
Inhalt / Content- Basic concepts of economics
- Supply and demand: how markets work/ markets and welfare
- The organization of industry: firms in competitive and in non-competitive markets.
- Government interventions in markets
- Economics of uncertainty
Besondere Eintrittsvoraussetzungen / Special Conditions of AdmissionSee general entry requirementsBibliographie/Literatur / Bibliography / Literature / ReferencesSamuelson/Nordhaus: Economics, latest edition, Irwin/McGraw-Hill.Lehr- und Lernmethoden / Methods- Interactive Lectures
- Solving of problem sets
- Class discussions
Leistungsbewertung/Testanforderung(en) / Assessment- Written exam, length: 60 Minutes
- Weight: according to no. of credits
- Grading: graded
- Date: to be announced
- A minimum grade of 3.1 must be reached in this course in order to pass the module.
Anschlussmodule/-kurse / Next Module / CourseMicroeconomics II (Economics & Law 2) 
