This thesis is concerned with the Cauchy problem for the quadratic derivative nonlinear wave equation in two spatial dimensions. Using standard techniques, we reduce local well-posedness in Fourier Lebesgue spaces to bilinear estimates in associated wave Fourier Lebesgue spaces, for which we prove new product estimates. These estimates then allow us to establish local well-posedness in a parameter range that gives improvement over previously known results on the Sobolev scale.