Modulhandbuch (Module manual)

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M.184.2457 Methods in Microeconomics
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Koordinator (coordinator):	Prof. Dr. Burkhard Hehenkamp
Ansprechpartner (contact):	Tahmina Faizi (tahmina.faizi[at]uni-paderborn.de) Amirhossein Kiannik (Amirhossein.Kiannik[at]uni-paderborn.de)
Credits:	5 ECTS
Workload:	150 Std (h)
Semesterturnus (semester cycle):	SoSe/WS
Studiensemester (study semester):	1-4
Dauer in Semestern (duration in semesters):	1

Lehrveranstaltungen (courses):
	Nummer / Name (number / title)	Art (type)	Kontaktzeit (contact time)	Selbststudium (self-study)	Status (P/WP) (status)	Gruppengröße (group size)
a)	K.184.24571 / Methods in Microeconomics		14 Std (h)	136 Std (h)	P	30 TN (PART)
Wahlmöglichkeiten innerhalb des Moduls (Options within the module):
Keine

Empfohlene Voraussetzungen (prerequisites):
Basic knowledge of game theory, microeconomics and industrial organization is beneficial.

Inhalte (short description):
This module provides an introduction to the fundamental methods used in microeconomics, with a particular focus on game theory and industrial organization. In the (first third of the lecture period), the module introduces foundational topics in game theory, including Strategic and Extensive Form Games, Dominant Strategies, and Nash Equilibria. During the (second third of the lecture period), the course explores additional concepts in game theory, such as Mixed Strategies, Subgame Perfect Equilibrium, and Finitely and Infinitely Repeated Games. Finally, in the (last third of the lecture period), the module covers key topics in industrial organization, including Monopoly, Perfect Competition, Oligopoly Competition (Bertrand/Cournot), and Collusion. The courses take place regularly during the lecture period. The module concludes with a final examination in the designated exam phase after the lecture period.

Inhalte (short description):

This module provides an introduction to the fundamental methods used in microeconomics, with a particular focus on game theory and industrial organization.

In the (first third of the lecture period), the module introduces foundational topics in game theory, including Strategic and Extensive Form Games, Dominant Strategies, and Nash Equilibria.

During the (second third of the lecture period), the course explores additional concepts in game theory, such as Mixed Strategies, Subgame Perfect Equilibrium, and Finitely and Infinitely Repeated Games.

Finally, in the (last third of the lecture period), the module covers key topics in industrial organization, including Monopoly, Perfect Competition, Oligopoly Competition (Bertrand/Cournot), and Collusion.

The courses take place regularly during the lecture period. The module concludes with a final examination in the designated exam phase after the lecture period.

Lernergebnisse (learning outcomes):

Fachkompetenz Wissen (professional expertise):
Studierende... Understand the fundamentals of industrial economics and the key models used in this field. Analyze monopolistic and oligopolistic markets, focusing on price and quantity competition. Describe and interpret the behavior of monopolists in terms of price and quantity setting. Comprehend the essential models of game theory and analyze both strategic and extensive form games. Understand and apply the concepts of Nash equilibria in both pure and mixed strategies. Analyze both one-shot and repeated games effectively.
Fachkompetenz Fertigkeit (practical professional and academic skills):
Studierende... Conduct model-based analyses of various competition and market structures. Apply game-theoretic models within economic analysis effectively.
Personale Kompetenz / Sozial (individual competences / social skills):
Studierende... Form and work within study groups independently.
Personale Kompetenz / Selbstständigkeit (individual competences / ability to perform autonomously):
Studierende... Perform scientific analyses of economic contexts independently. Engage in guided self-study to deepen understanding of topics covered in lectures. Solve tuto rial questions independently, reflecting a clear understanding of the material.

Prüfungsleistungen (examinations)
Art der Modulprüfung (type of modul examination): Modulabschlussprüfung
	Art der Prüfung (type of examination)	Umfang (extent)	Gewichtung (weighting)
a)	Klausur	60 Minuten	100.00 %

Studienleistung / qualifizierte Teilnahme (module participation requirements)
Nein

Voraussetzungen für die Teilnahme an Prüfungen (formal requirements for participating in examinations)
Keine

Voraussetzungen für die Vergabe von Credits (formal requirements for granting credit points)
Die Vergabe der Credits erfolgt, wenn die Modulnote mindestens „ausreichend“ ist

Gewichtung für Gesamtnote (calculation of overall grade)
Das Modul wird mit der doppelten Anzahl seiner Credits gewichtet (Faktor: 2)

Verwendung des Moduls in den Studiengängen (The module can be selected in the following degree programmes)
M.Sc. International Economics and Management

Umfang QT (participation requirements):

Lernmaterialien, Literaturangaben (learning material, literature):
Dutta, P.K. (2001), Strategies and Games – Theory and Practice, MIT Press Cabral, L., Introduction to Industrial Organization, MIT Press, 2000

Teilnehmerbegrenzung (participant limit):
Keine

Sonstige Hinweise (additional information):
1) Information on the Course and Methodology: The course contains 7 scheduled sessions that combine both lectures and tutorials. Lecture segments will delve into topics related to game theory and industrial organization, providing a comprehensive overview. Tutorial segments will include practical exercises to deepen understanding and enhance hands-on learning. In the first session, students will receive detailed information about the course content and structure. Literature, slides, and additional materials will be available on PANDA to support students' understanding of the course content. In the final session, students will receive detailed information about the exam structure and have the opportunity to clarify any remaining doubts or concerns. 2) Teaching Language: English 3) Contact: wipo@wiwi.upb.de

Sonstige Hinweise (additional information):

1) Information on the Course and Methodology:

The course contains 7 scheduled sessions that combine both lectures and tutorials.

Lecture segments will delve into topics related to game theory and industrial organization, providing a comprehensive overview.

Tutorial segments will include practical exercises to deepen understanding and enhance hands-on learning.

In the first session, students will receive detailed information about the course content and structure.

Literature, slides, and additional materials will be available on PANDA to support students' understanding of the course content.

In the final session, students will receive detailed information about the exam structure and have the opportunity to clarify any remaining doubts or concerns.

2) Teaching Language: English

3) Contact: wipo@wiwi.upb.de

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