International Business Studies FT

Managerial Economics & Individual Decision-making

level of course unit

1. Study cycle, Bachelor

Learning outcomes of course unit

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.

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, pricing and market types
• Welfare analysis of state interventions

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

English

number of ECTS credits allocated

3

eLearning quota in percent

25

course-hours-per-week (chw)

2

planned learning activities and teaching methods

Blended Learning

semester/trimester when the course unit is delivered

2

year of study

1

recommended optional program components

none

course unit code

IBS.VZB.02.05

type of course unit

integrated lecture

mode of delivery

Compulsory

Contact

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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