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Microeconomics
Mikroökonomie (VWL)
Last Updated: 2026-02-05 15:06:34
Abstract
Introduction to the economic decisions of households and firms, and their coordination through markets. Analysis of different market structures and of situations in which markets may lead to socially undesirable outcomes.
Objective
Understanding of basic microeconomic models. Ability to apply these models to real world economic situations.
Content
Economics as a science, division of labour and welfare (concept of comparative advantage), supply and demand (market equilibrium, elasticity), households (preferences, utility maximisation, demand), firms (technology, cost analysis, profit maximisation, supply), perfect competition, monopoly and oligopoly, externalities, public goods, information, factor markets and income distribution
Resources
Lecture Notes
Course material in e-learning environmentwww.vwl.ethz.ch/off
Literature
Mankiw, Gregory N., (2003), Principles of Economics, 3d ed., Thomson Learning
General Information
- Language
- German
- Levels
- BSC
- Frequency
- Yearly recurring
Examination
- Type
- session examination
- Mode
- written 180 minutes
- Aids
- None
Course Components
| Type | Title | Time & Place | Hours |
|---|---|---|---|
| lecture | Mikroökonomie (VWL) |
|
3 h weekly |