731116 Exercises in economics

Exercise course
Semester hours
Lecturer (assistant)
Pröll, Simon , Seidl, Julian
Offered in
Wintersemester 2022/23
Languages of instruction


Complementing the lectures "Grundlagen der Ökonomie" (731.115) and "Grundlagen der Mikroökonomie" (731.127), the topics covered will be deepened and applied. By means of examples and discussions, understanding of economics, its models and applications is fostered.

A selection of the following topics will be covered parallel to the lecture as far as possible:

- Competitive market, elasticities
- Theory of consumer choice
- Firms in competitive markets
- Consumers, producers and the efficiency of markets
- Foreign trade
- Imperfect competition (monopoly, monopolistic competition)
- Externalities and market failure
- National Accounts (GR), Gross Domestic Product (GDP), Inflation
- Saving and investment, money growth
- Crisis 2008ff, stabilization policy, growth, development

Previous knowledge expected

Content discussed in the corresponding lecture (731.115) held by Prof. Klaus Salhofer is considered a prerequisite!!

Objective (expected results of study and acquired competences)

- Students understand the objective of economic models
- Students know the advantages and limitations of an economic approach
- Students can apply basic models of neoclassical economics and understand their prerequisites
- Students can understand and solve basic mathematical and graphic examples of neoclassical economics
- Students understand and interpret current micro- and macroeconomic issues
You can find more details like the schedule or information about exams on the course-page in BOKUonline.