That's  me ;-)

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
You find the link to these video conferences in our AULIS group.

Basic Information

Literature:

Student Platforms Aulis & Socrative:

Tentative schedule, may be subject to changes - also the presentation dates!
Formally the class takes place for 6 classroom hours / week (4 c-hours of class and 2 c-hour module exercise).



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)
                              ----> all texts in this reader
  <----

Organisational issues: schedule, assessments, online-learning

Welcome.ppt
"Basic Concepts"
Economics @ Wikipedia
!

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)
                              ----> all texts in this reader
  <----

-> Homework for next week: see table below

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

3
2
19 April  

Teamwork about Mankiws "Ten Principles of Economics" and
Basic problems; economic systems

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
)

- "Wall Street" @ Wikipedia

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   
-> Elasticity

PART C: MICROECONOMICS
4: Background to demand

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!
(There is not one correct answer. Hopefully the groups focus on different goods and so find different sources)

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

RefWorks:
- RefWorks @ SuUB
- Youtube-Channel | http://www.youtube.com/user/ProQuestRefWorks
  Learn RefWorks
- Sharing and collaboration
Example from another class: Corrected Version of a Reference List

 
 

Current

Issues

 On 8 Apr. 2020 the German Economic Research Instituts presented their Joint Economic Forecast Spring 2020:
(will be updated in April 2021)


Economy in Shock – Fiscal Policy to Counteract

- Full-length version (in German)
- Key Forecast Figures for Germany
- The Main National Accounts Data
- Press Release with Key Forcast figures

Übersicht: Konjunkturprognosen für Deutschland Die Vorhersagen der Wirtschaftsschätzer (Tagesschau).


In November 2019 the Council of Economic Experts published its annual report 2019/20:

DEALING WITH STRUCTURAL CHANGE

 


Special Report 2020
THE ECONOMIC OUTLOOK IN THE CORONAVIRUS PANDEMIC
- Executive Summary

 

(just a reminder: there are many textbook-resources available online)

11
6
17 May Pres. 3                  test 2

PART C: MICROECONOMICS
4: Background to demand

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
- EconomicsExamExamples_Micro.doc
- Econs1-Micro-MIDterm-Exam_SoSe18_30min

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 
6: Overview: perfect competition, monopoly an other market structures


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
6: Profit maximising under perfect competition and monopoly
)

 

 


7: Profit maximising under imperfect competition

Movie "A beautiful Mind" about John F. Nash:     "the best result will come if everyone does what is best for himself ... and the group"
In memoriam of John F. Nash
- 'Beautiful Mind' mathematician John Nash killed in crash
- Famed 'A Beautiful Mind' mathematician John Nash and his wife, killed in N.J. Turnpike crash

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

Topics of test 4 (preliminary):
chapters 6 and 7 (subchapters discussed in class up to now)

19
10
14 June

Pres. 7                   test 4

7: Profit maximising under imperfect competition

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

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:
  1. Merger control
  2. Ban on cartels
  3. Abuse control
  4. Competition Register
  5. Public procurement
  6. Consumer Protection
  7. Whistle-blower
  8. Leniency Programme

and briefly present the results in class (3 min / group)

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
10: Inequality, poverty and policies to redistribute incomes

 

24
12
- " -
Pres. 10

11: Markets, efficiency and the public interest

 
25
13
05 July Pres. 11

11: Markets, efficiency and the public interest
12: Environmental Policy

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
Warm-up questions ;-)
   + review ++ and YOUR question

-> Socrative, waiting for the teache
r

*** 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:
Teams:

Date:

 

All students / photos

Alpha  
Beta  
Gamma  
Delta  
Epsilon  
Zeta
 

Names of students / pictures: 

           
week 1

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

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:
Practise to use literature-databases (
EconLit) properly: research 3-5 articles from academic journals for your presentation topic = find them, check contents (abstract) and if it fits / is helpfull add it to your RefWorks folder.

We are going to discuss questions 13 from the EconomicsExamExamples_Micro.doc

           
week 6

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
week 7

EoC Chapter 5
questions 1 IN class

3
4
5
6
7
8
 

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
 

Each team please presents their case and their basic learnings in 5-10 minutes

Bundeskartellamt - Control of abusive practices - Ban on cartels
Information brochure: Effective cartel prosecution - Benefits for the economy and consumers - Leniency Programme

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
Information brochure: Effective cartel prosecution - Benefits for the economy and consumers - Leniency Programme

  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
-> Microeconomics WS 05/06 EFA 3 (English) (90 min)

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


 
Hochschule Bremen
Fakultät Wirtschaftswissenschaften
VWL und Statistik