607.110 (21S) Introduction to Economics

Sommersemester 2021

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Erster Termin der LV
02.03.2021 13:30 - 15:00 online Off Campus
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Überblick

Bedingt durch die COVID-19-Pandemie können kurzfristige Änderungen bei Lehrveranstaltungen und Prüfungen (z.B. Absage von Präsenz-Lehreveranstaltungen und Umstellung auf Online-Prüfungen) erforderlich sein.

Weitere Informationen zum Lehrbetrieb vor Ort finden Sie unter: https://www.aau.at/corona.
Lehrende/r
LV-Titel englisch
Introduction to Economics
LV-Art
Vorlesung
LV-Modell
Onlinelehrveranstaltung
Semesterstunde/n
1.0
ECTS-Anrechnungspunkte
2.0
Anmeldungen
12
Organisationseinheit
Unterrichtssprache
Englisch
LV-Beginn
02.03.2021
eLearning
zum Moodle-Kurs

Zeit und Ort

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LV-Beschreibung

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.

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 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]


Literatur

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

Prüfungsinformationen

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.

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 true/false 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 23 points is relatively low. 

Please note that it is not possible to go back and forth between the questions in the mulitple choice home exam.

Prüfungsinhalt/e

Course content

Beurteilungskriterien/-maßstäbe

Multiple choice exam.


Beurteilungsschema

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