, Prof. Wolfram Elsner
Faculty of Business Studies and Economics
iino – Institute of Institutional and Innovation Economics
Introductory Microeconomics
An Introduction to the Microeconomics of Complex Economies
, Elsner/Heinrich/Schwardt: Microeconomics of Complex Economies 29.10.2025
Chapter 01: Introduction to Microeconomics of Complex Economies
Readings for this lecture
Mandatory reading this time:
An Introduction to the
Microeconomics of Complex
Economies, in:
Elsner/Heinrich/Schwardt (2014):
The Microeconomics of Complex
Economies, Academic Press, pp. 3-
23.
The lecture and the slides are
complements, not substitutes
An additional reading list can be
found at the companion website
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, Elsner/Heinrich/Schwardt: Microeconomics of Complex Economies 29.10.2025
Chapter 01: Introduction to Microeconomics of Complex Economies
Economic Situations
Economic situations: A much broader and more fundamental range
of circumstances than the exchange of goods and services for
money, e.g.:
Research and development (R&D)
Competitive set-ups
Acquiring knowledge in structured ways
Increase future earning potential
Results depend on decisions made by other agents as well
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