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Applied Micro Economics
FBW124

Description
  • Introduction to economics: basic problems of economics, modeling, economic systems,
    empiricism
  • Fundamentals of market-based pricing: Supply and demand, elasticity
  • Market efficiency and market rents
  • Public Sector: Taxes, Externalities and Public Goods
  • Corporate behavior: Production and cost functions
  • Market forms: Polypole, Monopoly, Oligopoly, Monopolistic Competition

ECTS credits
5

Teaching Language
Deutsch

Exam Language
Deutsch

Support Materials Language
Deutsch

Basic Learning Outcomes
  • Ability to recognize ethical and professional responsibilities in engineering situations and make informed judgments, which must consider the impact of engineering solutions in global, economic, environmental, and societal contexts
    (AL2 - IEB - Ability to recognize ethical and professional responsibilities in engineering situations and make informed judgments, which must consider the impact of engineering solutions in global, economic, environmental, and societal contexts)
  • Apply the variables of the marketing mix according to the purchasing behavior of the agents involved in industrial markets. 
    (CE6 - IEB - Apply the variables of the marketing mix according to the purchasing behavior of the agents involved in industrial markets. )

Final Learning Outcomes

Course categorized

Managing Entity (faculty)