Economics & Statistics
Summer term 2024 - 1 July 2024
|
Economics & Statistics Summer term 2024 - 1 July 2024 |
ECONOMICS I -- Introduction to Economics, Microeconomics -- BIM 2nd semester Summer Term 2024 |
Basic Information
Interactive Participation
Preliminary schedule: |
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| No | week | date: | presentation | Unit - topics (Preliminary Schedule) | Additional information | Material |
- |
all |
Current public debates about economic Policy Issues (will be updated in April) |
|
On
Nov 8 2023 the Council of Economic Experts
published its annual report 2023/24: Weitere
Infos zum Thema (in German): |
 |
|
1 |
1 |
2 April |
|
Section I: Introduction - 10 Principles of Economics (Mankiw) -> Reader -> (In classs: Teamwork about Mankiws "Ten Principles of Economics" and part from B. Obama "The Audaciy of Hope" (p. 176-184) (also see the debate in the Economist) |
-
Welcome.ppt |
|
2 |
1 |
3 April | Basic
Concepts of Economics |
- Hierarchy
of goals in market economies - "Wall Street" @ Wikipedia - See also the quotations of T. Friedman |
houses: Homework for next week ( -> see table below) |
|
3 |
2 |
9 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:
9:30 example test in PC lab |
Basic
Concepts of Economics
|
-
EconLit
->
EconBiz.de -- Find
Economic Literature (Service of ZBW)
- Research skills: -
OECD iLibrary: http://www.oecd-ilibrary.org/ |
|
4 |
2 |
10 April |
 WSJ: German Industrial Production Beat Expectations in February |
Begg
& Ward |
Literature
Management
System -> ZOTERO *
=> if you didn'd do up to now, |
(Presentation of the) possibilities of the University Library: Econmics & Business Studies, Selected Resources - Faculty 1: International Business, Data Bases Exercise:
For your case study / presentation* you need to use - and quote
correctly of course - different sources about the basic approaches /
assumptions of Economics and esp. your topic. (see table below) |
5 |
3 |
16 April | no class |
|||
6 |
3 |
17 April | Section
II: Understanding Markets
- Chapter 2: Consumers in the Market Place |
Presentations: |
Topics of test 1 (preliminary): Introduction, basic questions, objectives (hierarchy of goals), 10 Principles of Economics (Mankiw), chapter 2 (Begg and Ward - as far as discussed) - you find an expample (pre-) test in AULIS | |
7 |
4 |
23 April |
Test
1 (last 20 minutes |
-
Chapter 2: Consumers in the Market Place |
|
Important:
The test can only be taken at the university (in the
PC pool) (I'll take a participants list,
you must bring your student ID), if you take it from
another place, it doesn't count. |
8 |
4 |
24 April | presentation
2-1 (02.1 - 02.3) |
-
Chapter 2: Consumers in the Market Place - Chapter 3: Firms in the Market Place |
Please recall that for today Mankiws: "Problems and Applications" are due (see table below) | |
9 |
5 |
30 April |  |
- Chapter 3: Firms in the Market Place | - "The
Production Process" see also the Excel file with some Figures from the book |
|
10 |
5 |
(1 May) |
no class |
national holiday |
||
11 |
6 |
7 May | presentation 3-1 (03.2 - 03.3) Test 2 |
- Chapter 4: Markets in Action | Topics
of test 2 (preliminary): (still) 10 Principles of Economics,
Begg & Ward chapter 2 to 3 (parts discussed in class up to 14 Nov) |
|
12 |
6 |
8 May | |
- Chapter 4: Markets in Action | ||
13 |
7 |
14 May class is online! |
|
Section III: Competition and Profitability - Chapter 5: Market
structure & Firm Performance (cont'd) |
please recall that you have to prepare the self-test |
|
14 |
7 |
15 May class is online! |
[No
presentation 3-2
(03.4 - 03.6)] |
- Chapter 5:
Market structure & Firm Performance (cont'd) |
Topics of test 3 (preliminary): Begg & Ward chapters 2 (only elasticity), 3, 4 and the parts of ch. 5 discussed in class up to now) | |
15 |
8 |
21 May |
Test 3 |
- Chapter 5:
Market structure & Firm Performance (cont'd) |
||
| 16 |
8 |
22 May | presentation
5-1 (05.3 and 05.4) presentation 5-2 (05.3 and 05.5) |
- Chapter 5: Market
structure & Firm Performance (cont'd) Monopoly |
||
| 17 |
9 |
28 May |
|
-
Chapter 5: Market structure & Firm Performance
(cont'd) Competition,
Monopoly and the public interest (welfare) |
to practise: |
|
18 |
9 |
29 May | Please register for the alternative approaches ! |
- Chapter 6.
Strategic rivalry - Measuring
the Well-Being of countries |
Is
GDP really an apt measure of Welfare -> Measuring WELFARE & SUSTAINABILITY |
(see below in the rows from 12 June on) Topics
of test 4: |
|
19 |
10 |
4 June |
Test 4 |
- Chapter 6.
Strategic rivalry outlook:
Section
IV: Basics of MACROeconomics |
Movie "A
beautiful Mind" about John
F. Nash: "the best result will come
if everyone does what is best for himself ... and the group" (bar
scene) - The
prisoner's Dilemma |
Bundeskartellamt
Ban
on cartels - Control
of abusive practices - Merger
Control - Leniency
Programme - Public
procurement law - The
Competition Register at the Bundeskartellamt Examples: 1) Coffee? 2) Bundesliga 3) cars & steel 4) Deutsche Bahn AG to make changes to ticket sales ... |
20 |
10 |
5 June | presentation 6 presentation 7 presentation 8 individual presentation: Smith and Marx |
- Chapter 7. Growth strategies - Chapter 8. Governing business |
Information about the -> Presentations and debates of one alternative economic approach by the houses in the last two weeks |
|
21 |
11 |
11 June |
presentation 9 individual presentation: Degrowth |
Section IV: Basics of MACROeconomics - Chapter 9:
An introduction to the Macro Economy |
German National
Accounting @DeStatis: |
- current figures: National Accounts at a Glance (in German: "Wichtige Zusammenhänge im Überblick") - Eurostat
with National
Accounts |
22 |
11 |
12 June | LAST day to register for the alternative approaches ! presentation 3-2 (03.4 - 03.6) presentation 10-1 |
Section IV: Basics of MACROeconomics - Chapter 9: An introduction to the Macro Economy - Chapter 10: Measuring Macroeconomic Variables and Policy Issues |
***
Evaluation
*** please let me know, what you think about this class (until 21 June) |
- GDP to NNY and summary of National Income accounting |
23 |
12 |
18 June | Reading week | Now that we discussed National Accounting (GDP, ...) we'll ask ourselves: |
Is
GDP really an apt measure of Welfare -> Measuring WELFARE & SUSTAINABILITY |
The German Statistical Office (DeStatis) publishes Environmental indicators and also an "Indicator Report - Sustainable Development in Germany" + "Indicator Report 2021: Sustainable Development in Germany" |
24 |
12 |
19 June | Reading week | - How can countries measure the well-being of their citizens? (TED institute) | Topics
of test 5: - Review Microeconomics (all chapters) incl. Chapter 6: Oligopolies, Game Theory |
|
25 |
13 |
25 June |
individual presentation: Concerns about the Economy / EU elections Test 5 |
Section IV: Basics of MACROeconomics - Chapter 9: An introduction to the Macro Economy |
"Monitoring economic performance, quality of life and sustainability" by the German Council of Economic Experts in association with the french Council of Economic Analysis - Joint Report 2010 requested by the Franco-German Ministerial Council to Chancellor Mrs. Angela Merkel and french President Nicolas Sarkozy (deutsche Übersetzung: Wirtschaftsleistung, Lebensqualität und Nachhaltigkeit: Ein umfassendes Indikatorensystem). This report (and request) was based on the ... -> Report
of the commission on the measurement of economic performance
et social progress 2009 |
Sustainable
Development Goals - United Nations
Development Programme
The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the United Nations in 2015 as a universal call to action to end poverty, protect the planet, and ensure that by 2030 all people enjoy peace and prosperity. The 17 SDGs are integrated — they recognize that action in one area will affect outcomes in others, and that development must balance social, economic and environmental sustainability. |
26 |
13 |
26 June | ***
Evaluation
*** Teamwork in class
(10 minutes + 5 minutes presentation): |
Presentations and Debates: * Alfa: Economy of the Common Good * Bravo: Doughnut Economics * Charlie: Economics of Happiness please upload your presentation - as usual - the day before up to 16:00 ! |
ECG Economy
for the Common Good (GWÖ): - What if the common good was the goal of the economy? | Christian Felber | TEDxVienna (basic idea up to minute 9:50) - ECG webpage - have a look around [in German: . Gemeinwohl-Matrix 5.0,] - The Common Good Product: CGP instead of GDP - The Common Good Matrix - Companies in different countries |
Doughnut
Economics (Ways to Think Like a 21st-Century Economist) OECD: "Beyond GDP" Joseph E. STIGLITZ, Jean-Paul FITOUSSI and Martine DURAND "Descentrar
el producto interno bruto (PIB) - Bienestar, cuidados y tiempo"
(Iliana Vaca Trigo y Camila Baron), también en ingles: |
27 |
14 |
2 July |
individual presentation: Consumer Theory Test 6 |
- Chapter 9:
An introduction to the Macro Economy:
-> the AULIS
group for the coming winter term 24/25 is open |
Other Alternative Economic Approaches Fridays, Economists,
Scientists ... for
Future: Facts
+ Statements
of Scientists + Sketchnotes
+ Skeptical Science
Global Warming & Climate Change Myths + The
Consensus Handbook + |
Degrowth
– what's behind the economic theory and why does it matter right
now? Economics of Happiness (Glücksforschung),
e.g.: and many more ideas and topics please ! Topics of test 6:Alternative Economic Approaches |
28 |
14 |
3 July | Presentations and Debates: * Delta Feminist economics * Echo Green Growth * Foxtrot Degrowth please upload your presentation - as usual - the day before up to 16:00 ! Outlook: Macroeconomics and Economic Policy |
More on Measuring Macroeconomic Variables and Policy Issues |
The "Module Exercise" takes place every week
<45-90 minutes every week integrated into our class> We formed 6
HOUSES which are assigned tasks for the next
session and is expected to present the results (=prepared as joint homework)
The module exercise is part of your individual workload, it isn't marked
and the lecturer won't deliver new information; 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").
At the end of the module exercise there is room for general questions about
the topics, terms, ... .
The exercises discussed in the module exercise are
relevant for the tests.
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 tests.
| All students |
Alfa |
Bravo |
Charlie |
Delta |
Echo |
Foxtrott |
|
| Names of students:
|
Chaim Lea Marit Hanne Hanna Hannah Gwendolin Younes |
Luise |
Pia Semiha Mireia Mathis Rune Lenne Jonathan Andrea |
Janice Celine Maresa Jannika Aldana Doreen Phuong |
Viktoria Selen Komalpreet Magid Nancy Sudenaz Lara Demir |
Hevin Ana Dzhansu Machkour Yeabu José Bonita Wiktoria |
|
| week 1 | no tasks, but Mankiws "Principles" in class: - name
and describe your principles / text |
1-2 |
3-4 |
5-6 |
7-8 |
9-10 |
Obama-Text |
| week 2 |
Practise to use literature-databases (EconBiz,
EconLit)
properly: research 3-5 articles from academic journals |
+
literature research: your chapter or |
+
literature research: your chapter or |
+
literature research: your chapter or |
+
literature research: your chapter or |
+
literature research: your chapter or |
+
literature research: your chapter or |
| week
3 (17 April) |
(no MÜ but class) | ||||||
| week
4 (24 April) |
Mankiw: "Problems and Applications": |
15-16 |
13-14
|
10-12
|
7-9
|
4-6
|
1-3 |
| week
5 |
(no MÜ , national holiday) | ||||||
| week 6 ... | -> all students: |
-> all students: Material/econs/Oil Is Hitting Its Highest Level in Months - WSJ 4.4.24 |
-> all students: Material/econs/Oil Is Hitting Its Highest Level in Months - WSJ 4.4.24 |
-> all students: Material/econs/Oil Is Hitting Its Highest Level in Months - WSJ 4.4.24 |
-> all students: Material/econs/Oil Is Hitting Its Highest Level in Months - WSJ 4.4.24 |
-> all students: Material/econs/Oil Is Hitting Its Highest Level in Months - WSJ 4.4.24 |
|
| Prepare for week 7 15 May | Do the exam example provided and discussed last week in class (here and in AULIS > Tests > "Micro-Econs Self Test") | -> all
houses do the test We discuss the results in class |
-> all
houses do the test We discuss the results in class |
-> all
houses do the test We discuss the results in class |
-> all
houses do the test We discuss the results in class |
-> all
houses do the test We discuss the results in class |
-> all
houses do the test We discuss the results in class |
| week
7 15 May (in class together) |
-> all students: Exercise 1 and 2 | -> all students: Exercise 1 and 2 | -> all students: Exercise 1 and 2 | -> all students: Exercise 1 and 2 | -> all students: Exercise 1 and 2 | -> all students: Exercise 1 and 2 | |
| week 8 22 May |
Due to a faculty meeting, the class ends at 16:00 -> all houses (= all students) are required to do the teamwork in the module exercise | Chapter 5: Questions 1-10 Excercises 1 and 2 |
Chapter 5: Questions 1-10 Excercises 1 and 2 |
Chapter 5: Questions 1-10 Excercises 1 and 2 |
Chapter 5: Questions 1-10 Excercises 1 and 2 |
Chapter 5: Questions 1-10 Excercises 1 and 2 |
Chapter 5: Questions 1-10 Excercises 1 and 2 |
| week 9 29 May |
We'll discuss YOUR questions about the tasks of last week |
"
