Basic Information

• The assessment of this class is a Learning Portfolio; click HERE for the Assessment. ("Learning Portfolio")
• Case Studis / presentations:
  • Klick HERE for further information about the presentation
    -> in order to prove that you used a literatur management system, you have to share your Zotero group with me (or another system)
  • What makes a good presentation? (to be dicussed in class)
• If you want to present an Individual Assessment it has to be proposed not later than 25 June 2022
• Teamwork:
  • Houses = 6 teams (of ~ 6-7 people) -> House Cup (Kahoot quizzes), teamwork in module exercises (see 2nd table below)
  • Presentation groups (~12) groups of 4 students presenting a case study about one of the (sub) chapters
    * depending on the number of participants (incl. international guests) there might be groups of 3 students possible - 2 b discussed

Literature

• The course is based on the textbook of Sloman: Economics (9th edition)
• Access material of the 7th edition on the book webpage. Here you find the Companion Website of the 10th ed.
• 8th/9th edition - (for the 10th ed. 2018 you need this overview- the 11th ed. is available online in our library (including full-text) start the VPN before you access the link)
  "Hotlinks"; News Items (for chapters); News Site
• To find other sources the University Library provides helpful tools: Economics & Business Studies.
• Selected Resources - Faculty 1: International Business.
• Literature databases (for example EconLit, EconBiz, OECD iLibrary ...), Literature Management systems, ... (more in class 27/28 April 22 - for the databases you need a VPN connection).

Student Platforms AULIS & Kahoot

• AULIS will be used for our internal communication and uploads of students.Our class group is:
• Faculty 1: Business Sciences (School of Int. Business - SIB) Business Studies / Int. Management (BIM BA) BIM 2 - Lehrveranstaltungen Sommersemester 2023 (BIM) - BIM 2 / Microeconomics / SoSe 2023 / Peter Schmidt <- Please register here for a presentation topic (=chapter of our book)
• We'll use Kahoot for the House Cup, further information in class

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).

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

Teamwork (houses) 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!

-> Homework for week 3: see table below

Use the class time for your homework = Mankiw principles / Obama:
please prepare a brief presentation and upload it to AULIS

(from today on we (houses) play a Kahoot quiz)

register to Kahoot using your (nick) name followed by the first letter of your house, e.g:
       Peter-G

Introduction: Basic problems; economic systems

+ Mankiw: "Problems and Applications" (see table below)

Literature Management System -> ZOTERO
- Links Link Uni Bremen, Studytools
- Quick start guide (German)
- Zotero Tutorial (video)
Important: -> please install the Zotero app
and the Zotero Connector for your browser !!

(Presentation of the) possibilities of the University Library: Econmics & Business Studies, Selected Resources - Faculty 1: International Business, Data Bases

Exercise: For a term paper you need to use - and quote correctly of course - different sources about the basic approaches / assumptions of Economics.
They have to be academic sources!
(There is not one correct answer. Hopefully the groups find different sources, so all can learn about those)

Let's Have a look around at the SuUB: University Library: Econmics & Business Studies, Selected Resources - Faculty 1: International Business, Data Bases - for example:
- EconLit

-> EconBiz.de -- Find Economic Literature (Service of ZBW) - Research skills:
  - Guided Walk
  - Video-Course
  - Academic-Career-Kit
  - Guides:
     + "Write your best paper" – a guide to academic writing
          for economics and business students (PDF-Guide)
     + Guidelines: Search and Evaluate Scholarly Literature [pdf; 250 KB]
     + Guidelines: Citation (APA style) [pdf; 280 KB]

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

Don't forget to upload your expectations on time! (if you want to)

Teamwork (houses) presentation about Mankiws "Ten Principles of Economics" and
Basic problems; economic systems

Joint Economic Forecasts (english)

Joint Economic Forecasts (english)

 On 15 March 2023 the Joint Economic Forecast Spring 2023 was published:

German Economy Stagnating

29.4.23:      Arbeitsgruppe Alternative Wirtschaftspolitik - MEMORANDUM 2023

Globalisierung am Ende - Zeit für Alternativen

Arbeitsgruppe Alternative Wirtschaftspolitik (auch: "Memorandum-Gruppe" bzw. "Memo-Gruppe") -> https://www.alternative-wirtschaftspolitik.de Auf dieser Webseite finden sich auch akutelle Veröffentlichen zur derzeitgen (Wirtschafts-) Lage

On Nov 9 2022 the Council of Economic Experts published its annual report 2022/23:

Managing the energy crisis in solidarity, shaping the new reality

• Press Release
• Executive Summary
• 1. "Economic Outlook"

Weitere Infos zum Thema (in German):
- Übersicht: Konjunkturprognosen für Deutschland - Die Vorhersagen der Wirtschaftsschätzer (Tagesschau)

Presentations:

• Klick HERE for further information about the presentation
• What makes a good presentation?

Please use the online resources, tests and case studies on the Sloman webpage (see above)

Topics of test 1 (preliminary): Introduction, basic questions, objectives (hierarchy of goals),
10 Principles of Economics, chapter 1 and 2 (as far as discussed).
You find an expample (pre-) test in AULIS

Important: The tests can only be taken IN CLASS (I'll take a participants list, please bring your student ID), if you take it from another place, it doesn't count

3: Markets in Action  
-> Elasticity

Please check whether the registrations for the presentations (-> AULIS) are correct - and let me know any changes as well as further registrations.    Please welcome guest (international) students into your groups !

External links:
Commodity and Food Elasticities from USDA

national holiday

(no Pres. 3)        

    test 2

3: Markets in Action   

PART C: MICROECONOMICS
4: Background to demand

Topics of test 2 (preliminary): principles 1-8 of the 10 Principles of Economics, chapters 2 and 3 (only 3.1 Elasticity)

Examples of old written exams (different type and longer than ours, just for your orientation about the topcis:
- EconomicsExamExamples_Micro.doc
- Econs1-Micro-MIDterm-Exam_SoSe18_30min

Pres. 4

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

5: Background to supply

5: Background to supply -> Profit Maximisation

5: Background to supply -> Profit Maximisation 
6: Overview: perfect competition, monopoly an other market structures

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 5 and 6 (subchapters discussed in class up to now)

Pres. 7 
                   test 4 
(rescheduled)

6: Profit maximising under perfect competition and monopoly

use the time to (p)review our topics / housework

Pres. 8
(rescheduled)

(end of
6: Profit maximising under perfect competition and monopoly)

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?

Pres. 9                 

7: Profit maximising under imperfect competition -> Game Theory

7: Profit maximising under imperfect competition -> Game Theory

8: Alternative theories of the firm
9: The theory of distribution of income

(tasks of the Bundeskartellamt cont'd)
+ teamwork in Module Exercise

*** Evaluation ***
please let me know, what you think about this class

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

Pres. 12

11: Markets, efficiency and the public interest

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).

12: Environmental Policy

13: Governmental Policy towards Business

Feedback Discussion