Welcome to the website of the Chair of Microeconomics at the Technische Universität Dortmund. Our professorship deals with the part of economics that deals with individual economic decisions and their interactions.
The aim of microeconomics is to gain information about the behaviour of households and firms, about the functioning of markets and finally about the effects of market interventions on market outcomes. In doing so, fundamental questions are addressed, e.g. regarding the functioning of market systems and manifestations (competition, oligopoly, monopoly), as well as specific questions on individual important submarkets such as the labour market, insurance markets and credit markets.
Modern microeconomics places particular emphasis on an (endogenous) explanation of market forms, which on the one hand determine the interaction of individual economic decision-making behaviour, but on the other hand are also shaped by it.