International Business Studies PT

Managerial Economics: Markets & Prices

level of course unit

1. Study cycle, Bachelor

Learning outcomes of course unit

The students are able to:
• to discuss the impact of economic growth on social inequality and the natural environment
• explain how markets work and name determinants of price formation
• evaluate strategic interactions based on game theory models
• understand production decisions in companies and interpret the influences of market structures on price setting.
• examine and critically evaluate current developments on the basis of models.
• use the market model to e.g. analyze the impact of government intervention

prerequisites and co-requisites

none

course contents

• Economic growth, social inequality and ecological conditions
• Efficient allocation of scarce resources
• Market model and market equilibrium
• Strategic interaction and social dilemmas
• Elasticity and pricing
• Welfare analysis in case of state intervention

recommended or required reading

• The CORE Team: The Economy: Economics for a Changing World. Oxford University Press (latest edition)
• Mankiw, Greg: Economics. Cengage Learning EMEA (latest edition)
• Pindyck, Robert; Rubinfeld, Daniel: Microeconomics. Pearson (latest edition)

assessment methods and criteria

Portfolio

language of instruction

German

number of ECTS credits allocated

6

eLearning quota in percent

25

course-hours-per-week (chw)

3

planned learning activities and teaching methods

Blended Learning

semester/trimester when the course unit is delivered

1

name of lecturer(s)

Prof. (FH) Dr. Peter Dietrich

course unit code

IBS.BBB.01.05

type of course unit

integrated lecture

mode of delivery

Compulsory

work placement(s)

none

Contact Person

Dietrich Peter

Prof. (FH) Dr. Peter Dietrich
Director of Studies
+43 5372 71819 325
Peter.Dietrich∂fh-kufstein.ac.at

questions? Any

Any questions?
We are here to help you.
+43 5372 71819 500
bewerbung∂fh-kufstein.ac.at

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