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Economics & Statistics

 Summer term 2017 - 20 June 2017
ECONOMICS I -- Introduction to Economics, Microeconomics -- BIM 2nd semester Summer Term 2017

Basic Material:

Literature: The course is based on the textbook of Sloman: Economics. (9th edition, 2015 - earlier versions (8th, 7th) are also ok).
Please observe the Sloman Economics News Site. This blog contains links to topical stories in the news discussing key economic issues and concepts.You can browse by date, topics and also by chapters of the book. Additionally y
ou can access the material on the book webpage (of 7th ed.).  
+ you are invited to consult other (literature) sources - for your presentation (at least three additional sources) as well as for the general work in class, preparation, homework ... (the best might be to take some time in the library starting at the very shelf where our book is located and look around - books about general Economics as well as specific books about Microeconomics can both be helpful. Some examples:
-
Mankiw "Principles of Economics" (the first chapter of which we are going to discuss
-
Case Fair OsterPrinciples of Macroeconomics” 10th ed.
-
David Begg and Damian Ward: "Economics for Business".

In this module, we use the AULIS, the E-Learning-Platform of the Hochschule Bremen. The group is Repository (=Magazin) » Faculty 1: Business Sciences (School of Int. Business - SIB) » Business Studies / Int. Management (BIM BA) » BIM 2 - Microeconomics - summer term 2017. We are going to use this group for our internal communication and the uploads of the students. -> please kindly upload a picture to your AULIS profile, thank you.

Assessment:
----> General information about the Assessment <- klick on this link

CASE STUDY:
One part of the assessment is a team presentation of a CASE STUDY
about one chapter of the book. You can either select an own case study for your topic (chapter) or use one of the case studies provided by the autors (Sloman, which you find on the editors webpage for each chapter). Here you can access a pdf-file containing all Sloman case studies). It is expected, that you use and present (and quote of course) additional material from (at least 4-5) other academic sources ("literature" = books, articles from academic journals, papers, ...) and examples. To find sources, the University Library provides helpful tool. For example please check: Econmics & Business Studies, Selected Resources - Faculty 1: International Business, Data Bases (for example EconLit), OECD iLibrary); RefWorks, ...

Presentations should be delivered by groups of 3 - 4 students and take up to 20 minutes. The groups are formed by registering in AULIS ! It is expected that you provide a handout. No additional paper has to be delivered. See here for the Marking Criteria for Presentations and an example result for our discussion in class "What makes a good presentation". If you did not enrol for a presentation up to now please do so as soon as possible - using the AULIS forum mentioned above. It is required that you organize your sources in RefWorks and "share" the folder with me (link via email) or the class (link in ppt/handout).
Please recall that the material for the presentation (handout and ppt) has to be delivered on the day before the presentation, so everyone has the possibility to download and print the material on time. If a team fails to deliver the material in time this will lead to a reduction in the mark (= upload to AULIS).
            
In case you want to propose an Individual Assessment, you have to contact the lecturer with a proposal up to 1st June !



Tentative schedule, also the presentation dates may be subject to changes!
Formally the class takes place for 6 classroom hours / week (4 c-hours of class and 2 c-hour module exercise).
No week date presentation Unit - topics (Preliminary Schedule) Material
1 1 15 March 2017  

Introduction: Basic problems - Objectives (of Economics / economic policy)

Teamwork about Mankiws "Ten Principles of Economics" and a short excerpt from B. Obama "The Audacity of Hope" (p. 176-184) -> (p. 178-185 for the teamwork)

-> Homework for next session: see table below

Organisational issues: schedule, assessments, online-learning

Welcome.ppt
"Basic Concepts"
Economics @ Wikipedia
!

2 1 16 March 2017  

Introduction: Basic problems; economic systems

Introduction: economic systems
Objectives of economic policy and political systems.

Hierarchy of goals in market economies
- "Wall Street" @ Wikipedia

- See also the
quotations of T. Friedman

3 2 22 March   (no class du to illmess) Don't forget to upload your expectations in time!
4 2 23 March   (no class du to illmess) Please use the online resources, tests and case studies on the Sloman webpage (see above)
5 3 29 March 2017  

PART A: INTRODUCTION
1: Introducing economics
      Economic systems
      Objectives of economic policy and political systems.

 

PART B: FOUNDATIONS OF MICROECONOMICS 
2: Supply and demand

Please check whether the registrations to the presentations (-> AULIS) are correct - and let me know any changes as well as further registration.
Please welcome other (international) students into your teams !
Teams for presentations
+ presentation methods & strategies
("What makes a good presentation?"; also check the Marking Criteria)

 - Marking Criteria for Presentations
- What makes a good presentation? -> MindMap 2016, older MindMap

- "Wall Street" @ Wikipedia
- See also the
quotations of T. Friedman

6 3 30 March 2017

Please bring a laptop or tablet so that at least every two of you have access to a computer!

Presentation of the possibilities of the University Library: Econmics & Business Studies, Selected Resources - Faculty 1: International Business, Data Bases and RefWorks      by Ms. Ilka Gaulke / Peter Schmidt

RefWorks: -> http://www.refworks.com (Gruppencode: RWUBremen)
RefWorks –Youtube-Channel | http://www.youtube.com/user/ProQuestRefWorks

- RefWorks information on the SuUB homepage
- RefWorks - short guide
- Modifying an Output Style (and Sharing)

- EconLit
- OECD iLibrary: http://www.oecd-ilibrary.org/
- Web of Science: http://isiknowledge.com/wos

Additional tools
Write’N’Cite (short guide) - http://youtu.be/qObr6QoBh2c
OneLine/Cite View (alternative to Write’n’Cite) - https://www.library.ohiou.edu/find/refworks/oneline-citeview.html
RefGrab-It (web pages) - http://www.youtube.com/watch?v=25yPHGyx3T4

Example from another class: Corrected Version of a Reference Lis

7 4 5 April 2017  

2: Supply and demand

3: Markets in Action

External links:
ERS Glossary,  Price Elasticity of Demand, Commodity and Food Elasticities from USDA (e.g. Cross Price Elasticities of Demand), Excel-File with empirically measured Elasticities (xls 13 MB, zip 1,3 MB) from Defra
8 4 6 April 2017 Pres. 2

3: Markets in Action
-> Elasticity

9 5 12 April 2017 - no class - (just a reminder: there are many textbook-resources available online)
 
10 5 13 April 2017  Pres. 3 3: Markets in Action
-> Elasticity
 
    14.04 - 21.04.17

EASTER BREAK

Berlin, 12th April 2017
JOINT ECONOMIC FORECAST SPRING 2017
Upturn in Germany strengthens in spite of global economic risks

Press release with Summary and Key Forecast Figures (PDF, 275 KB)

  
11 6 26 April 2017

 

PART C: MICROECONOMICS
4: Background to demand

Topics of Midtern: Introduction, basic questions, objectives (hierarchy of goals), 10 Principles of Economics, chapters 1-3.1
-> EconomicsExamExamples_Micro.doc
12 6 27 April  

Review / Repetition and questions - chapters 1-4 (and Mankiw)
YOUR questions

5: Background to supply

The production process 
Functions of Competition

13 7

3 May 2017

 

                                     Midterm Test (30 minutes)

Topics of Midtern: Introduction, basic questions, objectives (hierarchy of goals), 10 Principles of Economics, chapters 1-3.1
-> EconomicsExamExamples_Micro.doc

(Contents_of7th_edition.doc) 

14 7 4 May Pres. 4
Pres. 5
5: Background to supply  
15 8

10 May 2017

 

5: Background to supply -> Profit Maximisation 

 
16 8 11 May no class 5 ...  
17 9

17 May 2017

Pres. 6

5: Background to supply -> Profit Maximisation 

6: Profit maximising under perfect competition and monopoly

 
18 9 18 May   6: Profit maximising under perfect competition and monopoly

Bundeskartellamt - Control of abusive practices - Ban on cartels
Information brochure: Effective cartel prosecution - Benefits for the economy and consumers
Curr. example: Deutsche Bahn AG to make changes to ticket sales - do you like a coffee?

19 10 24 May 2017 Pres. 7 
Pres. 8
(6: Profit maximising under perfect competition and monopoly)
two presentations

 

20 10 25 May  NO class
national holiday
   
21 11 31 May 2017  

7: Profit maximising under imperfect competition

 
22 11 1 June
8:30
make-up for 11 May 
  7: Profit maximising under imperfect competition  
22 11 1 June   Review marktet structures
7: Profit maximising under imperfect competition -> Game Theory
 
23 12 7 June 2017 Pres. 9

7: Profit maximising under imperfect competition -> Game Theory

Movie "A beautiful Mind" about John F. Nash
"the best result will come if everyone does what is best for himself ... and the group"

- "Split or Steal" and "From Stealing to Trust"

24 12 8 June Pres. 10

8: Alternative theories of the firm
by Prof.Dr. Nebile Korucu Gümüsoglu (Istanbul Kültür University)

    In memoriam of John F. Nash
- 'Beautiful Mind' mathematician John Nash killed in crash
- Famed 'A Beautiful Mind' mathematician John Nash, wife, killed in N.J. Turnpike crash
25 13 14 June 2017 Pres. 11

9: The theory of distribution of income

Part D Microeconomic Policy
10: Inequality, poverty and policies to redistribute incomes

26 13 15 June      

11: Markets, efficiency and the public interest

27 14 21 June 2017 Pres. 12

12: Environmental Policy

 
28 14 22 June Evaluation

13: Governmental Policy towards Business
Warm-up questions ;-)
   + review ++ and YOUR question

-> Socrative, waiting for the teacher

Preview Economics II
Please register for the presentations

29 15 28 June 2017
 
 


                                    Final Test (30 minutes)

Evaluation

Topics of final test: to be further discussed in class!! Objectives (hierarchy of goals), 10 Principles of Economics, chapters 2, 3.1, 5, 6, (basic) parts of chapters 7 and following. (Contents_of7th_editionBIM_Final2017_30min.doc - to be further discussed in class) Additionally some of your review questions are relevant.

-> EconomicsExamExamples_Micro.doc
30 15 29 June Pres. 13

13: Governmental Policy towards Business

Feedback Discussion

Please remember: last BLOG! 
This should be a reflection of the class

 

The "Module Exercise" takes place every week. We formed 6 teams and every team / group is assigned tasks for the next session and is expected to present the results.
The module exercise is part of your individual workload, the lecturer won't deliver new information there; he will only moderate the sessions. The tasks of the module exercise normally refer to the topics discussed in the last week(s). The numbers in the table below normally refer to the chapter in the textbook (Sloman: "End of chapter questions" = EoC).

The exercises discussed in the module exercise show the topics of the test. If the students deliver results or approaches to the solution, we'll discuss the correct solution in class. If no approaches are presented, the task will not be discussed in class but nevertheless stay relevant for the test. TENTATIVE schedule
Teams:

Date:

 


All students /
photos

Alpha  
Beta  
Gamma  
Delta  
Epsilon  
Zeta
 

 

names of students / pictures

 

Alicia
Alicja
Gian Marco
Hauke
Hélène
Moritz

Anna
Anna-Franziska
Frauke
Karen
Lisa
Philine
Simone

Annika
Céline
Charlene
Jasmin
Kira Lena
Maren
Rieke

Carolin
Jessica
Katherina
Larissa
Lina
Sarah Aylin
Sophia

Andre
Jack
Kai
Melih
Mohammad
Niclas
Robert

Anais
Chloe
Hatice Sena
Jakob
Maximilian
Vanessa
Veronica

16 March 2017

Mankiws "Principles" & Obama text - presentation in class:
-> What's it about?

1-2
3-4
5-6
7-8
9-10
Obama
23 March 2017

Mankiw: "Problems and Applications"

Sloman p 29 (End of chapter 1 questions) 5 and 6
13-15
10-12
7-9
4-6
1-3
30 March 2017
Mankiw: "Problems and Applications"
No. 17 ONE example ! + No. 17 ONE example ! + No. 17 ONE example ! + No. 17 ONE example ! + No. 17 ONE example ! + No. 17 ONE example !
6 April 2017

EoC Chapter 2 (=End Of Chapter questions of Sloman)

1 (recommended to ALL students)
2
4
3 and 5
6- and 8
7 (recommended to ALL students)
13 April 2017              
  EASTER BREAK            
 

EoC Chapter 3

+ task 4 from:
VWL1-MicroExamWS11-12.doc

1; 2-a
3; 2-b
3; 2-c
4; 2-d
5; 2-e
6; 2-f
...

 

           
25 May 2017
1 June

- no class,
(guest lecturer)

national holiday
 
         
8 June 2017

EoC Chapter 5
ALL students: questions 1 & 2

3
4
5
6
7
8
15 June 2017

EoC Chapter 6
ALL students: quest. 1

we might do tasks from:
VWL1-MicroExamWS11-12.doc (test of earlier semester)
- Micro Exam (WS 06/07)

2
3
4
5
6
7
22 June 2017

no homework, we'll do exercises in class
-> Microeconomics WS 05/06 EFA 3 (English) (90 min)

Additionally we might discuss some tasks from: VWL1-MicroExamWS11-12.doc (test of last semester)

 all teams should please look at the whole exam - we'll roll the dice which team presents which task ;-)  all teams should please look at the whole exam - we'll roll the dice which team presents which task ;-)  all teams should please look at the whole exam - we'll roll the dice which team presents which task ;-)  all teams should please look at the whole exam - we'll roll the dice which team presents which task ;-)  all teams should please look at the whole exam - we'll roll the dice which team presents which task ;-)  all teams should please look at the whole exam - we'll roll the dice which team presents which task ;-)
29 June 2017 Review and your questions  You find some old exams here  You find some old exams here  You find some old exams here  You find some old exams here  You find some old exams here  You find some old exams here

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Hochschule Bremen
Fakultät Wirtschaftswissenschaften
VWL und Statistik