607.110 (23S) Introduction to Economics

Sommersemester 2023

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First course session
08.03.2023 08:00 - 10:00 Z.1.08 On Campus
... no further dates known

Overview

Lecturer
Course title german Introduction to Economics
Type Lecture
Course model Attendance-based course
Hours per Week 1.0
ECTS credits 2.0
Registrations 41
Organisational unit
Language of instruction English
Course begins on 08.03.2023
eLearning Go to Moodle course
University entrance qualification examination Yes

Time and place

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Course Information

Intended learning outcomes

Completing this course successfully will contribute to your being able to:

  • understand and describe basic economic relationships;
  • appreciate what is needed to study successfully economics;
  • explain the functioning of one or several markets and even an entire economy by means of graphical analysis;
  • participate in subsequent economics courses, starting, e.g., with VO 608.110 Economic Policy in the upcoming winter semester.

Teaching methodology

Lecture based on the first seven chapters of the underlying textbook. Clarifying questions and critical discussions are always possible. Active participation in the lecture is highly welcome!

Course content

1. The Capitalist Revolution [CE, Chapter 1]
2. Technological Change, Population, and Growth [CE, Chapter 2]
3. Scarcity, Work, and Choice [CE, Chapter 3]
4. Social Interactions [CE, Chapter 4]
5. Property and Power [CE, Chapter 5]
6. Owners, Managers, and Employees [CE, Chapter 6]
7. The Firm and Its Customers [CE, Chapter 7]

Literature

Textbook: The Economy (a core-econ open-access textbook https://www.core-econ.org/project/core-the-economy/, Chapters 1–7), referred to as CE in the course outline.

The slides will also be made available.

Supplementary literature:

Introduction to economics:

  • Pindyck & Rubinfeld (2013): Microeconomics, Pearson.
  • Blanchard (2021): Macroeconomics, Pearson.

Introduction to mathematics:

  • Rosser (2003): Basic Mathematics for Economists, Routledge.

Interesting reflections:

  • Levitt & Dubner (2006): Freakonomics: A Rogue Economist Explores the Hidden Side of Everything, William Morrow.
  • Kahneman (2012): Thinking, Fast and Slow, Penguin.

Examination information

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 methodology

The (online multiple choice) exams take place on campus in HS A on three dates during the summer semester (21.04. / 11.05. / 31.05.2023).

Examination topic(s)

The contents discussed may go beyond the material contained in the book indicated; additional material may be provided and possibly deviate from the book. There is, of course, also the possibility that not all seven chapters indicated will be discussed. The other way around, also more chapters than indicated at the outset may be discussed. Clearly, only the chapters and material actually discussed during the semester are relevant for the exam.

Assessment criteria / Standards of assessment for examinations

The exam consists of seven sections with four true/false statements each. Every correctly assessed statement is worth one point. For a positive grade a minimum of 20 points (of a maximum 28 achievable points) is necessary.

Grading scheme

Grade / Grade grading scheme

Position in the curriculum

  • Bachelor's degree programme Business Administration (SKZ: 518, Version: 18W.1) part of STEOP (Introductory & Orientation Period)
    • Subject: Volkswirtschaftslehre (Compulsory subject)
      • 3.1 Volkswirtschaftslehre I: Einführung in die VWL (StEOP) ( 0.0h VO / 2.0 ECTS)
        • 607.110 Introduction to Economics (1.0h VO / 2.0 ECTS)
          Absolvierung im 1. Semester empfohlen
  • Master's degree programme Information and Communications Engineering (ICE) (SKZ: 488, Version: 22W.1)
    • Subject: Management and Economics: Basic Courses (Compulsory elective)
      • 3.3b Wahl von Lehrveranstaltungen aus den Pflichtfächern „Principles of Business“ und/oder „Principles of Economics“ aus dem Bachelorstudium „International Business and Economics (IBEC)“ ( 0.0h XX / 8.0 ECTS)
        • 607.110 Introduction to Economics (1.0h VO / 2.0 ECTS)
  • Bachelor's degree programme Business and Law (SKZ: 519, Version: 18W.1) part of STEOP (Introductory & Orientation Period)
    • Subject: Volkswirtschaftslehre (Compulsory subject)
      • 3.1. Volkswirtschaftslehre 1: Einführung in die VWL (StEOP) ( 0.0h VO / 2.0 ECTS)
        • 607.110 Introduction to Economics (1.0h VO / 2.0 ECTS)
          Absolvierung im 1. Semester empfohlen
  • Bachelor's degree programme International Business and Economics (SKZ: 516, Version: 19W.1) part of STEOP (Introductory & Orientation Period)
    • Subject: Principles of Economics (Compulsory subject)
      • 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

Equivalent courses for counting the examination attempts

Sommersemester 2024
  • 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
  • 607.110 VO Introduction to Economics (1.0h / 2.0ECTS)
Wintersemester 2023/24
  • 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
  • 607.110 VO Introduction to Economics (1.0h / 2.0ECTS)
Sommersemester 2023
  • 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
Wintersemester 2022/23
  • 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
  • 607.110 VO Introduction to Economics (1.0h / 2.0ECTS)
Sommersemester 2022
  • 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
  • 607.110 VO Introduction to Economics (1.0h / 2.0ECTS)
Wintersemester 2021/22
  • 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
  • 607.110 VO Introduction to Economics (1.0h / 2.0ECTS)
Sommersemester 2021
  • 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
  • 607.110 VO Introduction to Economics (1.0h / 2.0ECTS)
Wintersemester 2020/21
  • 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
  • 607.110 VO Introduction to Economics (1.0h / 2.0ECTS)
Sommersemester 2020
  • 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
  • 607.110 VO Introduction to Economics (1.0h / 2.0ECTS)
Wintersemester 2019/20
  • 607.100 VO Einführung in die Volkswirtschaftslehre (1.0h / 2.0ECTS)
  • 607.110 VO Introduction to Economics (1.0h / 2.0ECTS)
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)