Microeconomics studies the decisions of individuals and Firms and their interaction in markets. This course is devoted to the basic methods of microeconomic analysis. It covers decision theory, household theory, and game theory. While decision theory deals with individual's choices, game theory analyzes situations where decision makers influence each other.

This course provides the basis for further courses in economics as well as for own work, e.g. writing a Master's thesis in the field of microeconomics.

In this course students will

a) learn microeconomic methods

b) learn game-theoretic methods

c) deepen their knowledge in microeconomics