607.110 (19W) Introduction to Economics

Wintersemester 2019/20

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Erster Termin der LV
04.10.2019 09:00 - 10:30 , HS 3
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Überblick

Lehrende/r
LV-Titel englisch
Introduction to Economics
LV-Art
Vorlesung
Semesterstunde/n
1.0
ECTS-Anrechungspunkte
2.0
Anmeldungen
51
Organisationseinheit
Unterrichtssprache
Englisch
LV-Beginn
04.10.2019
eLearning
zum Moodle-Kurs

LV-Beschreibung

Intendierte Lernergebnisse

At the end of the 2 weeks of this course, you will be able to appreciate what economics is, what it tries to accomplish, and what you will need to know in order to do it. You will have acquired a basic understanding of what microeconomic analysis does. You will be able to use mainly graphical analysis to solve consumer and producer problems and find equilibria in basic strategic interactions. More importantly, you should be able to converse freely on current topics in economics.

Inhalt/e

This module is designed as a first introduction to economics for the Bachelor Programme in International Business and Economics. The course presents a non-rigorous first overview which is intended to be motivating. This does not mean that the material is not also challenging. We will introduce you to the economic view on the main problems of our times and will point to possible solutions. There will be a two-hour unseen multiple-choice examination scheduled at the end of the STEOP block. There are no formal prerequisites but high-school level knowledge of calculus and analysis would probably not do much harm. The main textbook used is The Core Team (2017) referred to as [CE] below, freely available from https://www.core-econ.org/.

We will work through the first 8 chapters; the method of delivery is lectures. There is a wealth of quizzes, data sets, and problems for self study available on this site that we most emphatically encourage you to make use of.

Course Outline

1. The Capitalist Revolution [CE, chapter 1]
2. Technological change, population, & growth [CE, chapter 2]
3. Scarcity, work, & choice [CE, chapter 3]
4. Social interactions [CE, chapter 4]
5. Property & power: mutual gains & conflict [CE, chapter 5]
6. Owners, managers, & employees [CE, chapter 6]
7. The firm & its customers [CE, chapter 7]
8. Supply & demand: price-taking and competitive markets [CE, chapter 8]


Literatur

The Core Team. (2017). The Economy. Oxford, UK: Oxford University Press.

Prüfungsinformationen

Prüfungsmethode/n

Examination will be by means of a multiple choice exam (for details, see the Moodle eLearning page of this course). There will be 8 questions (each with 4 possible answers), worth 1 point per answer. The total maximum is therefore 32 points. Since you can get the expected value of 50% without knowing anything, the passmark of 70% is relatively low.

Prüfungsinhalt/e

Course content

Beurteilungskriterien/-maßstäbe

Multiple choice exam

Beurteilungsschema

Note/Grade Benotungsschema

Position im Curriculum

  • Bachelorstudium International Business and Economics (SKZ: 516, Version: 19W.1) Teil der STEOP
    • Fach: Principles of Economics (Pflichtfach)
      • 2.1 Introduction to Economics (LV ist Teil der StEOP) ( 0.0h VO, VI / 2.0 ECTS)
        • 607.110 Introduction to Economics (1.0h VO / 2.0 ECTS)
          Absolvierung im 1. Semester empfohlen

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