That's  me ;-)

Economics & Statistics

 Summer term 2022- 13 July 2023
ECONOMICS I -- Introduction to Economics, Microeconomics -- BIM 2nd semester Summer Term 2023

Basic Information

  • The assessment of this class is a Learning Portfolio; click HERE for the Assessment. ("Learning Portfolio")
  • Case Studis / presentations:
  • 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

Student Platforms AULIS & Kahoot

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
13 April
 

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
!

2
1
14 April

-> 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

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

3
2
20 April

(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 !!

4
2
21 April

We'll work with ZOTERO, please install the app and the Zotero Connector for your browser

-> 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

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)

5
3
27 April  

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

- "Wall Street" @ Wikipedia
6
3

28 April

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

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

7
4
4 May
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)

8
4
5 May
test 1
(PART B: FOUNDATIONS OF MICROECONOMICS 
2: Supply and demand
)

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

9
5
11 May
2: Supply and demand

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

10
5
12 May  
 

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

11
6
18 May
no class

national holiday

 
12
6

19 May

(hybrid?)   

(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

13
7
25 May

Pres. 4

4: Background to demand  
14
7
26 May   
  5: Background to supply The production process 
Functions of Competition
15
8
1 June
Pres. 5
5: Background to supply

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

16
8
2 June
                     test 3

5: Background to supply -> Profit Maximisation

Topics of test 3: chapter 4 and 5 (subchapters discussed in class) and the parts of chapter 6 that have been discussed up to now + Elasticity (chapter 3.1 and 3.3)
17
9
8 June
Pres. 6

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

 
18
9
9 June

 

 

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

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

 

 

19
10
15 June

Pres. 7 
                   test 4 

(rescheduled)

6: Profit maximising under perfect competition (and monopoly)

Topics of test 4 (preliminary):
chapters 5 and 6 (subchapters discussed in class up to now)

20
10
16 June
no class

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

(tasks of the Bundeskartellamt cont'd)
+ teamwork in Module Exercise
21
11
22 June

Pres. 8
(rescheduled)

6: Profit maximising under perfect competition and monopoly

 
22
11
23 June

Pres. 9                 

6: Profit maximising under perfect competition and monopoly

 
23
12
29 June
Thank you for your feedback, here are the results of your evaluation of this class

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

7: Profit maximising under imperfect competition

Topics of test 5 (preliminary):
chapters 6 to 7 (subchapters discussed in class up to now)
24
12
30 June

Pres. 10


                  test 5

Interviewer/in für Besucherbefragung auf dem Musikfest Bremen gesucht
ab 19.8.2023, ca. 5 Abende 13,50 €/h


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"
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"

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?

Examples: 1) do you like a coffee? 2) Bundesliga 3) cars & steel 4) Deutsche Bahn AG to make changes to ticket sales

25
13
6 July
Pres. 11

8: Alternative theories of the firm

9: The theory of distribution of income

About Distribution of Income and Inequality
- Income inequality @OECD
- Gini-Index OECD Germany

26
13
7 July

Pres. 12

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

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
13 July

Pres. 13
+ Individual Assessment

                      test 6

11: Markets, efficiency and the public interest

12: Environmental Policy

Preview Economics II (to be updated for 2023)
Please register for the presentations
28
14
14 July

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 will form 6 houses and every house 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) so you can prepare for the tests. 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:


Please prepare:

Houses:

All students

Alfa
Bravo
Charlie
Delta
Elite
Firkytoodle
 

Names of students / pictures: 

Tatjana
Thien
Joanies
Sophia
Chantal
Maike
Beyza

Vanessa
Lara
Lynn
Christina
Lea
Pauline

Adelaida

Christin
Evelin
Mert
Yaschika
Samira
Till
Sören
Nico
Joschua
Sarah
Timon
Jan Niklas
Hannah
Sofía
Madi
Inga
Marcel
Janne
Celina
Yasemin
Yasmin
Ali
Kelechi
Lucas
Jan
Paulino
Luis
week 1
in class 

presentation of Mankiws "Principles" & Obama text - presentation in class:
-> What's it about?
1)
Content: What is your principle / text about?
2) Own example for each principle

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

week 2

in class

+ Practise to use literature-databases (EconBiz, 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 literature management system.

+ literature research: your chapter or
- Price Elasticity of demand

+ literature research: your chapter or
- Cartel prosecution (in Germany)

+ literature research: your chapter or
- market structures

+ literature research: your chapter or
- Covid and inflation

+ literature research: your chapter or
- (ukrainian) war and inflation

+ literature research: your chapter or
- alternative economic approaches

week 3

Mankiw: "Problems and Applications"

     
7-9
+ No 17 ONE example !
4-6
+ No 17 ONE example !
1-3
+ No 17 ONE example !
week 3 -> 4
(= 5 May)

Mankiw: "Problems and Applications"

Sloman p 29 (End of chapter 1 questions) 5 and 6
+ No 17 ONE example !
13-15
+ No 17 ONE example !
10-12
+ No 17 ONE example !
     
week 5
(= 12 May)

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

And we might discuss question 12 (equilibrium in PC) from the EconomicsExamExamples_Micro.doc

1 (recommended to ALL students)
2
4
3 and 5
6- and 8
7 (recommended to ALL students)
week 6

EoC Chapter 3

We might discuss questions 13 from the EconomicsExamExamples_Micro.doc
+ 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

in class

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
16.6.23 (1) Research the TASKS of the Bundeskartellamt:
and present the results in our next class
  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
16.6.23 (2)

Each team please presents their case and their basic learnings in 5-10 minutes
You may choose another case from the database if you find it more interesting

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 ATM withdrawal fees Food retailer EDEKA violates prohibition to demand unjustified benefits from de-pendent suppliers Fines imposedon account of vertical price fixing in the sale of beer Fines imposed on account of the resale price maintenance of roasted coffee products
 

In the ME, we can do exercises:
-> 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