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Microeconomics 3

Hours of instruction

(per course) in hours:








Course content:


The aim of this course is to acquire extensive theoretical knowledge of microeconomics to enable students to assess and solve challenging theoretical and practical issues on the microeconomic level (firm, household, consumer) and to creatively apply knowledge in economic practice.

Development of microeconomic thinking and microeconomics. Analysis of factors affecting  the  market,  consumer  preferences,  indifference  curves,  examples  of indifferences, cardinal and ordinal utility concept and equilibrium, the behaviour of firms in terms of perfect and imperfect competition, analysis of costs and revenues of a company in different time periods, market of factors of production, pricing of factors of production.


Prof. László Szakadát, Department of Economic Theory

University of Vienna | Universitätsring 1 | 1010 Vienna | T +43-1-4277-0