363-0515-00L Decisions and Markets
|Semester||Spring Semester 2019|
|Periodicity||yearly recurring course|
|Language of instruction||English|
|Abstract||This course provides an introduction to microeconomics. The course is open to students who have completed an undergraduate course in economics principles and an undergraduate course in multivariate calculus. The course emphasizes the conceptual foundations of microeconomics and contains concrete examples of their application.|
|Objective||Microeconomics is an element of nearly every subfield in economic analysis today. Model building in economics relies on a number of fundamental frameworks, many of which are introduced for the first time in intermediate microeconomics. |
The purpose of this course is to provide MTEC master students with an introduction to graduate-level microeconomics, particularly for students considering further graduate work in economics, business administration or management science. The course provides the fundamental concepts and tools for graduate courses in economics offered at ETH and UZH.
|Content||The lectures will cover consumer choice, producer theory, markets and market failure. The course will include concrete examples of the use of choice theory in applied economics.|
|Lecture notes||The course is mostly based on the textbook by R. Serrano and A. Feldman: "A short Course in Intermediate Economics with Calculus" (Cambridge University Press, 2013)|
Another textbook of interest is "Intermediate Microeconomics: A Modern Approach" by H. Varian (Norton, 2009).
|Literature||Exercises are available in the textbook by R. Serrano and A. Feldman on which the lecture is based ("A short Course in Intermediate Economics with Calculus", Cambridge University Press, 2013).|
More exercises can be found in the book "Workouts in Intermediate Microeconomics" by T. Bergstrom and H. Varian (Norton, 2010).