Online Course Guide of WHU –

Find all modules and courses of our degree programs.

Please use the filters below to select the term (spring or fall) as well as the respective program (BSc, MSc, MBA, Exchange, Doctoral) of your choice for an overview of all modules offered at WHU. The courses are listed under the modules. Please click on a module to see which courses are part of it. If you would like to find out more about a certain course, click on the name of the course to see detail information. The location of the lecture will be revealed after your course registration on myWHUstudies.

Spring term counts from January - August, fall term counts from September - December.

Important for Exchange Students: As the Full-Time and Part-Time MBA Programs utilize a modular course structure, the dates on which students begin and end the exchange are flexible. Please find here a chronological overview of the preliminary course offering for Fall and Spring.

Fall 2022  ›  Bachelor of Science in International Business Administration  ›  1st Semester  ›  Foundations of Economics

Microeconomics, Group D 2

Economics in general, and microeconomics in particular, are about the allocation of scarce ressources. We investigate, how consumers optimally decide about consumption given a limited budget, and how profit maximizing firms decide on production, given a certain production technology. From this we derive market demand and market supply and determine a market equilibrium. Students shall become acquaintant with basics of decision theory, and will be introduced to welfare economics, i.e. will be enabled to normatively analyze market outcomes in the partial equilibrium framework. Decision theory and partial equilibrium analysis are the basics not only for microeconomics and its applications (industrial organization, economic policy, macroeconomics, competition policy, market regulation...) but also for finance and managerial economics.

Course Code:
Juniorprof. Dr. Elena Shvartsman
Course Type:
BSc Course
Week Hours:
Fall 2022
(Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the International Relations Office.)
The main goal of this course is to familiarize with the principles of microeconomic analysis. In specific, the aim of this course is to provide a basic understanding of how market participants, i.e., households and firms formulate goals and behave under constraints. We will also examine how these parties interact.

In this course, we will familiarize with the household demand and the firms’ supply functions. Furthermore, we will address extensions of the monopolistic markets andintroduce basic models of strategic interactions.

Monday, 07/11/2022
03:30 PM till 06:45 PM
Thursday, 10/11/2022
11:30 AM till 03:15 PM
Monday, 14/11/2022
08:00 AM till 11:15 AM
Monday, 21/11/2022
11:30 AM till 03:15 PM
Monday, 28/11/2022
11:30 AM till 03:15 PM
Thursday, 08/12/2022
11:30 AM till 03:15 PM
This lecture is based on Varian, Hal R., 2014 (9th ed.), “Intermediate Microeconomics: A Modern Approach”, W. W. Norton & Company, ISBN: 9780393920772.
Final written exam of 90 minutes. Course counts towards module "Foundations of Economics".
Mathematics I