Economics & Statistics
Summer term 2021 - 18.2.2021
|
Economics & Statistics Summer term 2021 - 18.2.2021 |
ECONOMICS
I -- Introduction to Economics,
Microeconomics
-- BIM 2nd semester Summer
Term 2021
|
| This class
takes place online via
video conferences Basic Information
Literature:
Student Platforms Aulis & Socrative:
|
|
| No | week |
date (week) | presentations | Unit - topics (Preliminary Schedule) | Material |
| 1 | 1 |
preliminary dates (Mondays) of the weeks 12 April |
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) |
Organisational issues: schedule, assessments, online-learning |
|
| 2 | 1 |
- " - |
Introduction: Basic problems; economic systems 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 week: see table
below |
- Hierarchy
of goals in market economies |
|
| 3 | 2 |
19 April | Teamwork about
Mankiws
"Ten Principles of Economics" and |
Don't
forget to upload your expectations in time! (if you
want to) |
|
| 4 | 2 |
- " - |
now we follow the chapter (numbers) of Sloman: |
PART
A: INTRODUCTION 1: Introducing economics Economic systems Objectives of economic policy and political systems. |
Presentations:
Please use the online resources, tests and case studies on the Sloman webpage (see above) |
| 5 | 3 |
26 April | (PART B: FOUNDATIONS
OF MICROECONOMICS 2: Supply and demand) |
||
| 6 | 3 |
- " - |
2: Supply and demand | Topics
of test 1 (preliminary): Introduction, basic questions,
objectives (hierarchy of goals), 10 Principles of Economics, chapters 1 and 2 (as far as discussed) you find an expample (pre-) test in AULIS |
|
| 7 | 4 |
03 May | test 1 |
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 registrations. Please
welcome guest (international) students into your teams ! |
| 8 | 4 |
- " - |
3: Markets in Action |
||
| 9 | 5 |
10 May | Pres. 2 | 3: Markets
in Action PART C: MICROECONOMICS |
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 |
| 10 | 5 |
- " - |
Please REGISTER to RefWorks, you have to use your university email (...@stud.hs-bremen.de) Please bring a laptop or tablet so that at least every two of you have access to a computer! To access the databases you need a VPN connetion |
Presentation of the possibilities of the University Library: Econmics & Business Studies, Selected Resources - Faculty 1: International Business, Data Bases by Ms. Ilka Gaulke Exercise: For a term paper you need concrete
values (estimations) of the price
elasticity of demand (perhaps in a specific region). It has to
be academic sources! |
- EconLit RefWorks: |
Current Issues |
-
Full-length
version (in German) Übersicht: Konjunkturprognosen für Deutschland Die Vorhersagen der Wirtschaftsschätzer (Tagesschau). |
|
DEALING WITH STRUCTURAL CHANGE
(just a reminder: there are many textbook-resources available online) |
||
| 11 | 6 |
17 May | Pres. 3 test 2 | PART C: MICROECONOMICS |
Topics of test 2 (preliminary): principles 1-8 of the 10 Principles of Economics, chapters 3 and 4 (subchapters discussed in class up to now) |
| 12 | 6 |
- " - |
4: Background to demand | ->
Contents_of7th_edition_online-tests.doc |
|
| 13 | 7 |
24 May | Pres. 4 | 5: Background to supply | The
production process Functions of Competition |
| 14 | 7 |
- " - |
5: Background to supply |
Topics of test 3 (preliminary): chapter 5 (only subchapters discussed in class) and the parts of chapter 6 that have been discussed up to now + Elasticity (chapter 3.1) | |
| 15 | 8 |
31 May | Pres. 5 test 3 | 5: Background to
supply -> Profit Maximisation |
|
| 16 | 8 |
- " - |
6: Profit maximising under perfect competition and monopoly |
|
|
| 17 | 9 |
7 June | Pres. 6 | 6: Profit maximising
under perfect competition and monopoly |
|
| 18 | 9 |
- " - |
(end of
|
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" Topics
of test 4 (preliminary): |
|
| 19 | 10 |
14 June | Pres. 7 test 4 |
7: Profit maximising under imperfect competition |
Bundeskartellamt
- Control
of abusive practices - Ban
on cartels |
| 20 | 10 |
- " - |
Pres. 8 | 7: Profit maximising under imperfect competition -> Game Theory Review marktet structures
8: Alternative theories of the firm |
Breakout sessions:
research the tasks of the Bundeskartellamt: |
| 21 | 11 |
21 June | 8:
Alternative theories of the firm 9: The theory of distribution of income |
||
| 22 | 11 |
- " - |
Pres. 9 |
9:
The theory of distribution of income |
Topics
of test 5 (preliminary): chapters 8 to 11 (subchapters discussed in class up to now) |
| 23 | 12 |
28 June | test 5 |
Part
D Microeconomic Policy |
|
| 24 | 12 |
- " - |
Pres. 10 |
11: Markets, efficiency and the public interest |
|
| 25 | 13 |
05 July | Pres. 11 | 11:
Markets, efficiency and the public interest |
Preview
Economics II (to be updated for 2021) Please register for the presentations |
| 26 | 13 |
- " - |
Pres. 12 |
12: Environmental Policy 13: Governmental Policy towards Business |
Topics of (final) test 6 (preliminary): 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 (will be discussed in class). |
| 27 | 14 |
12 July | test 6 |
13:
Governmental Policy towards Business *** Evaluation *** |
To
review the content of the class, you can for example check: (Contents_of7th_editionBIM_Final2019_30min.doc -> EconomicsExamExamples_Micro.doc |
| 28 | 14 |
- " - |
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:
|
All students / photos |
Alpha |
Beta |
Gamma |
Delta |
Epsilon |
 Zeta |
|
| Names of students
/ pictures: |
|||||||
| week 1 | presentation
of Mankiws "Principles" & Obama
text - presentation in class: |
1-2 |
3-4 |
5-6 |
7-8 |
9-10 |
Obama |
| week 2 | 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 |
| week 3 | 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 !! |
| week 4 | EoC Chapter 2 (=End Of Chapter questions of Sloman) We are going to discuss questions 12 from the EconomicsExamExamples_Micro.doc |
1 (recommended to ALL students) |
2 |
4 |
3 and 5 |
6- and 8 |
7 (recommended to ALL students) |
| week 5 | team
homework: We are going to discuss questions 13 from the EconomicsExamExamples_Micro.doc |
||||||
| week 6 | EoC Chapter 3 + task
4 from: |
1; 2-a |
3; 2-b |
3; 2-c |
4; 2-d |
5; 2-e |
6; 2-f |
| week 7 | EoC Chapter 5 |
3 |
4 |
5 |
6 |
7 |
8 |
EoC Chapter 6 we might do tasks
from: |
2 |
3 |
4 |
5 |
6 |
7 |
|
Each team please presents their case and their basic learnings in 5-10 minutes Bundeskartellamt
- Control
of abusive practices - Ban
on cartels |
Facebook, Exploitative business terms pursuant to Section 19(1) GWB for inadequate data processing | No proceeding against Lufthansa for abusive pricing | |||||
Each team please presents their case and their basic learnings in 5-10 minutes Bundeskartellamt
- Control
of abusive practices - Ban
on cartels |
We'll start with
a discussion about the Lufthansa case: - explain why the prices would have increased even without monopoly - Do you think it was correct that the Bundeskartellamt decided to: "not initiate a proceeding against Lufthansa for abusive pricing on German domestic routes"? - |
ATM withdrawal fees | Food retailer EDEKA violates prohibition to demand unjustified benefits from de-pendent suppliers | Fines imposedon account ofverticalprice fixing in the sale of beer | Fines imposed on account of the resale price maintenance of roasted coffee products | ||
we'll do exercises
in class Additionally we might discuss some tasks from: VWL1-MicroExamWS11-12.doc (Example of a final test (30 min) |
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 ;-) | |
| 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 |
"
On
8 Apr. 2020 the German Economic Research Instituts presented their Joint
Economic Forecast Spring 2020:
