607.110 (20S) Introduction to Economics

Sommersemester 2020

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Erster Termin der LV
02.03.2020 09:00 - 10:00 B02a.2.05 On Campus
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LV-Titel englisch
Introduction to Economics
zum Moodle-Kurs

CAUTION!  Due to insufficient numbers of students planning to attend, the entire lecture is provided by means of videos made available in the moodle course.

For further information please attend the kick-off meeting on March 2, 2020!

Zeit und Ort

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Intendierte Lernergebnisse

At the end 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.


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 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/.

The method of delivery is lectures - they are all available as videos in Moodle!

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]


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


Im Fall von online durchgeführten Prüfungen sind die Standards zu beachten, die die technischen Geräte der Studierenden erfüllen müssen, um an diesen Prüfungen teilnehmen zu können.


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% (=23 points) is relatively low.


Course content


Multiple choice exam.

This will take place on 2-Apr-20 with two additional / alternate dates on 5-May-20 and 25-May-20.


Note 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

Gleichwertige Lehrveranstaltungen im Sinne der Prüfungsantrittszählung

Sommersemester 2022
  • 607.110 VO Introduction to Economics (1.0h / 2.0ECTS)
Wintersemester 2021/22
  • 607.110 VO Introduction to Economics (1.0h / 2.0ECTS)
Sommersemester 2021
  • 607.110 VO Introduction to Economics (1.0h / 2.0ECTS)
Wintersemester 2020/21
  • 607.110 VO Introduction to Economics (1.0h / 2.0ECTS)
Wintersemester 2019/20
  • 607.110 VO Introduction to Economics (1.0h / 2.0ECTS)