EXPORT-ORIENTED MANAGEMENT - IMC Fachhochschule Krems

Teaching Methods
The course will be delivered in 26 contact hours which are split into lectures and seminar
style exercises. Depending on the material covered in the lectures the exercise work will
consist of individual problem solving, group work or dealing with case studies.
In addition to the classroom sessions there will also be a self directed E-Learning session
equivalent to two contact hours. Self directed learning time will give students the
opportunity to deepen and practice the skills acquired in class. Core issues of E-Learning
sessions will be an integral part of the final exam. Further details can be found in the
meetings section of courseware.
Micro Economics
Semester Hours per week Subject code ECTS
Spring 2 3
Learning Outcomes / Course Objectives
The student
� can name and describe the fundamental micro-economic theories
� can explain and interpret the results from micro-economic models and empirical
findings
� is able to solve and calculate case studies in micro economics
Prerequisites / Level
None
Course Description
� Deciding in times of uncertainty
� Analysis of competitors‘ markets
� Market power: monopoly, competition
� Investments, time and capital markets
� General balance and economic efficiency
� Markets with asymmetrical information
� Externalities and public goods
How to sucessfully pass this lecture and the exam? Economics has the reputation of
beeing difficult because there are some mathematical models behind economic
assumptions. Students will be guided through the calculation examples. Secondly, ask as
many questions as possible – every question has a reasoning behind.
Literature
N. Gregory Mankiw and Mark P. Taylor (2006). Economics: Thompson Learning.
Pindyck, R. S. Rubinfeld, D. L (2005). Microeconomics. Boston: Prentice Hall.
Blanchard, O. (2005). Macroeconomics. Upper Saddle River: Prentice Hall.
N. Gregory Mankiw and Mark P. Taylor: Economics
Additional reading:
Ball, D. E. McCulloch, W. H. et al. (2009). International Business. The Challenge of Global
Competition. Boston: Irwin/McGraw Hill.
Krugman, P. Obstfeld, M. (2008). International Economics. Theory and Policy. New York:
Pearson Longman.
Evaluation
Final examination
FHR-5-0008_Vers.03_Rev.00_2012 202