Students shall practise and partially deepen the topics of the lecture principles of microeconomics [Grundlagen der Mikroökonomie] to improve the understanding of principal concepts of microeconomics.

Introduction to the principles of economics
Production possibility frontier, trade
Markets with perfect competition, supply and demand
Price- and income elasticity
Consumer- and producer rent
Housing market, labour market, agricultural commodity market, taxes
Consumer decision and demand
Theory of production
Cost of production
Perfect competition
Monopoly, price discrimination
Externalities
Public goods and common resources
Introduction to game theory

Please enrol in the group "Allgemeine Anmeldung" in any case, since this will guarantee that you will be able to participate in the course. Furthermore it enables us to get an overview of the required number of groups.

The initial meeting for the exercise sessions takes place in the course of the first lecture!

Written exam, more than 50% of the examples have to be calculated, and one example has to be presented in class. Details on the course webpage (see link below).