607.110 (20W) Introduction to Economics
Overview
For further information regarding teaching on campus, please visit: https://www.aau.at/en/corona.
- Lecturer
- Course title german Introduction to Economics
- Type Lecture
- Course model Online course
- Hours per Week 1.0
- ECTS credits 2.0
- Registrations 51
- Organisational unit
- Language of instruction English
- possible language(s) of the assessment English
- Course begins on 05.10.2020
- eLearning Go to Moodle course
Time and place
Course Information
Intended learning outcomes
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.
Course content
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]
Literature
The Core Team. (2017). The Economy. Oxford, UK: Oxford University Press.
Examination information
Modified examination information (exceptional COVID-19 provisions)
Please note that it is not possible to go back and forth between the questions in the mulitple choice home exam.
Examination methodology
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.
Examination topic(s)
Course content
Assessment criteria / Standards of assessment for examinations
Multiple choice exam.
Grading scheme
Grade / Grade grading schemePosition in the curriculum
- Besonderer Studienbereich Nachhaltigkeit
(SKZ: 999, Version: 12W.1)
-
Subject: LV-Pool
(Compulsory elective)
-
Nachhaltigkeit (
4.0h SE / 8.0 ECTS)
- 607.110 Introduction to Economics (1.0h VO / 2.0 ECTS)
-
Nachhaltigkeit (
4.0h SE / 8.0 ECTS)
-
Subject: LV-Pool
(Compulsory elective)
- Erweiterungscurriculum Nachhaltigkeit
(Version: 15W.1)
-
Subject: Nachhaltigkeit
(Compulsory subject)
-
Vertiefung Nachhaltige Entwicklung, Schwerpunkt Methoden (
0.0h XX / 4.0 ECTS)
- 607.110 Introduction to Economics (1.0h VO / 2.0 ECTS)
-
Vertiefung Nachhaltige Entwicklung, Schwerpunkt Methoden (
0.0h XX / 4.0 ECTS)
-
Subject: Nachhaltigkeit
(Compulsory subject)
- Extension programme (UG §54a) Sustainable Development and Energy
(SKZ: 011, Version: 20W.1)
-
Subject: Gebundenes Wahlfach 3: Spezialisierung in einem der Vertiefungsfächer
(Compulsory elective)
-
5.1 Lehrveranstaltungen Spezialisierung in einem der Vertiefungsfächer (
0.0h XX / 4.0 ECTS)
- 607.110 Introduction to Economics (1.0h VO / 2.0 ECTS)
-
5.1 Lehrveranstaltungen Spezialisierung in einem der Vertiefungsfächer (
0.0h XX / 4.0 ECTS)
-
Subject: Gebundenes Wahlfach 3: Spezialisierung in einem der Vertiefungsfächer
(Compulsory elective)
- Bachelor's degree programme International Business and Economics
(SKZ: 516, Version: 19W.1)
part of STEOP (Introductory & Orientation Period)
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Subject: Principles of Economics
(Compulsory subject)
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2.1 Introduction to Economics (
0.0h VO, VI / 2.0 ECTS)
- 607.110 Introduction to Economics (1.0h VO / 2.0 ECTS) Absolvierung im 1. Semester empfohlen
-
2.1 Introduction to Economics (
0.0h VO, VI / 2.0 ECTS)
-
Subject: Principles of Economics
(Compulsory subject)
Equivalent courses for counting the examination attempts
- Sommersemester 2024
- Wintersemester 2023/24
- Sommersemester 2023
- Wintersemester 2022/23
- Sommersemester 2022
- Wintersemester 2021/22
- Sommersemester 2021
-
Wintersemester 2020/21
- 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
- Sommersemester 2020
- Wintersemester 2019/20
-
Sommersemester 2019
- 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
-
Wintersemester 2018/19
- 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
-
Sommersemester 2018
- 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
-
Wintersemester 2017/18
- 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
-
Sommersemester 2017
- 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
-
Wintersemester 2016/17
- 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)