The spring semester 2021 will take place online until further notice. Exceptions: Courses that can only be carried out with on-site presence. Please note the information provided by the lecturers.

363-0511-00L  Managerial Economics

SemesterAutumn Semester 2018
LecturersS. Rausch
Periodicityyearly recurring course
Language of instructionGerman
CommentNot for MSc students belonging to D-MTEC!

Abstract"Managerial Economics" provides an introduction to the theories and methods from Economics and Management Science to analyze economic decision-making in the context of markets. The course targets students with no prior knowledge in Economics and Management.
ObjectiveThe objective of this course is to provide an introduction to microeconomic thinking. Based on the fundamental principles of economic analysis (optimization and equilibrium), the focus lies on understanding key economic concepts relevant for understanding and analyzing economic behavior of firms and consumers in the context of markets. Market demand and supply are derived from the individual decision-making of economic agents and market outcomes under different assumptions about the market structure and market power (perfect competition, monopoly, oligopoly, game theory) are studied. This introductory course aims at providing essential knowledge from the fields of Economics and Management relevant for economic decision-making in the context of both the private and public sector.
Literature"Mikroökonomie" von Robert Pindyck & Daniel Rubinfeld, aktualisierte 8. Auflage, 8/2013, (Pearson Studium - Economic VWL).
Prerequisites / NoticeThe course targets both Bachelor and Master students. No prior knowledge in the areas of Economics and Management is required.