At the end of this lecture, you should be able to explain how markets work, microeconomic household and production theory, and the basics of competition theory. You should know microeconomic terms (e.g., indifference curve, substitution effect, network externality, etc.) and understand the concepts behind them. The overall objective of the course is to provide students with the foundations for studying advanced subjects. All information on the semester schedule and exam components for the summer semester 2025 can be found on Moodle.

main textbook

• Varian, H.R. (2011): Grundzüge der Mikroökonomik. 8. Aufl., München.

Further reading

• Bowles, S. (2004). Microeconomics. Behaviour, Institutions and Evolution. Princeton.
• Frank, R.H. (2020): Microeconomics and Behavior. 10. Aufl. Irwin.
• Krugman, P. and Wells, R. (2021): Microeconomics. 6. Aufl., New York.
• Riechmann, T. (2013): Spieltheorie. 4. Aufl., München.