will be updated in April)

World Economic Outlook - IMF - July 2024:

Global growth broadly unchanged amid persistent services inflation

On Nov 13 2024 the Council of Economic Experts published its annual report 2024/25:

Addressing shortfalls,
modernising resolutely

• Press Release
• Executive Summary
• 1. (Economic) Upturn Fails to Materialise Despite Improved Global Economy"

Joint Economic Forecasts (english)       ------>

 On September 26, the Joint Economic Forecast Autumn 2024 was published:

German Economy in Transition – Weak Momentum, Low Potential Growth

Spring Forecast 2025 to be published
on 10 April 2025

Overview Economic Forcasts (in German):
- Übersicht: Konjunkturprognosen für Deutschland - Die Vorhersagen der Wirtschaftsschätzer (Tagesschau)

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)

Reader 2025

- Welcome.ppt
- "Basic Concepts"
- Economics @ Wikipedia 
- Social market economy (explainity® explainer video)

Basic Concepts of Economics
- Goals in Economics and Economic Policy
- Economic systems & Objectives of Economics / Economic Policy

14 April

class is online!

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

register to Kahoot using your (nick) name ending with the first letter of your house, e.g:
 Peter-G, Paula.P ...

Basic Concepts of Economics
- Goals in Economics and Economic Policy
- Economic systems and Objectives of Economics / Economic Policy

Begg & Ward
Chapter 1: Economics for Business

-> EconBiz.de -- Find Economic Literature (Service of ZBW)
  - 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
     + Guidelines: Citation (APA style) [pdf; 280 KB]

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

15 April

class is online!

Begg & Ward
Chapter 1: Economics for Business

Literature Management System -> ZOTERO

- Zotero at SUuB, our library
- Links Link Uni Bremen, Studytools
- Quick start guide
- Zotero Tutorial (video)   Important: -> please install the Zotero app and the Zotero Connector for your browser !!

* => if you didn'd do up to now,
select your chapter ->

(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)
             They have to be academic sources!

22 April

class is online!

Presentations:

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

- Chapter 2: Consumers in the Market Place
       ->   ELASTICITIES (1)

Please recall that for today Mankiws: "Problems and Applications" are due (see table below)

Important: The test can only be taken at the university (in the PC pool) (I'll take a participants list, you must bring a photo ID), if you take the test from another place, it doesn't count.
      Tests take place in the first 30 minutes of Tuesdays class = from 8:30-9:00 (test takes 20 minutes)
      Tests are open book but closed net - you won't have access to the internet (except AULIS) and use of any electronic devices is strictly forbidden!

- Chapter 2: Consumers in the Market Place
       ->   ELASTICITIES (2)

- Chapter 3: Firms in the Market Place

presentation 2a (02.1 - 02.3)

presentation 2b (02.4-02.5 El)

- Chapter 3: Firms in the Market Place

- Chapter 4: Markets in Action  

presentation 3a - 03.3
presentation 3b - 03.6

- Chapter 4: Markets in Action  

Test 2

Section III: Competition and Profitability

- Chapter 5: Market structure & Firm Performance
Competition, Monopoly and the public interest (welfare)

please recall that you have to prepare the self-test

19 May

- Chapter 5: Market structure & Firm Performance (cont'd)
Perfect Competition

- Chapter 5: Market structure & Firm Performance (cont'd)
Monopoly

- Chapter 5: Market structure & Firm Performance (cont'd) Competition, Monopoly and the public interest (welfare)

- Chapter 6. Strategic rivalry
-> Oligopoy and Game Theory

Test 3

- Chapter 6. Strategic rivalry
-> Oligopoy and Game Theory

Monopoly v. PC in a nutshell

and those who haven't had enough ...

to practise:
Economics 1 Micro-MIDterm-Exam_WS17_30min
Economics 1 Micro-FINAL-test_SoSe18_30min <- Monopoly

presentation 6

presentation 7

- Chapter 6. Strategic rivalry
-> Oligopoy and Game Theory

- Chapter 7. Growth strategies

Is GDP really an apt measure of Welfare
...quality of life, sustainable development ...?

-> Measuring WELFARE & SUSTAINABILITY

(see below in the rows from 12 June on)

Topics of test 4:
Begg & Ward chapter 5: Market Structure, Performance, Profit and Welfare in PC and Monopoly.
Chapter 6: Oligopolies, Game Theory

presentation 8

Please register for the alternative approaches !

- Chapter 7. Growth strategies
- Chapter 8. Governing business

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)
In memoriam: - 'Beautiful Mind' mathematician John Nash killed in crash

- The prisoner's Dilemma
- "Split or Steal" and "From Stealing to Trust"

Bundeskartellamt - Control of abusive practices - Ban on cartels (Cartel prosecution)
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) coffee? 2) Bundesliga 3) cars & steel 4) Deutsche Bahn.

Section IV: Basics of MACROeconomics

- Chapter  9: An introduction to the Macro Economy

- Eurostat with National Accounts
- Source OECD & ILibrary - The OECD's Online Library of Statistical Databases, Books and Periodicals (accessible from the campus net - or via VPN)

- Chapter  9: An introduction to the Macro Economy

- Chapter 10: Measuring Macroeconomic Variables and Policy Issues

LAST day to register for the alternative approaches !

German National Accounting @DeStatis:
- Important economic indicators & publications (links unfortunately destroyed by Destatis)

- GDP to NNY and summary of National Income accounting

- Chapter 10: Measuring Macroeconomic Variables and Policy Issues

- Alternative Economic Approaches
- Measuring the Well-Being of countries
- YouTube search "measurement of well-being of countries"

Now that we discussed National Accounting (GDP, ...) we'll ask ourselves:

Is GDP really an apt measure of Welfare
...quality of life, sustainable development ...?

-> 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"

Doughnut Economics (Ways to Think Like a 21st-Century Economist)
- Why it's time for 'Doughnut Economics' | Kate Raworth | TEDx
- more information on: www.kateraworth.com
- Re-Writing (Neo-Liberal) Economics

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:
"Decentring GDP - Well-being, care and time" United Nations publication 2022

individual presentation: Concerns about the Economy / EU elections

Presentations and Debates:

* Alfa: NN

* Bravo: NN

* Charlie: NN

please upload your presentation - as usual - the day before up to 16:00 !

Test 6

Alternative Economics Approaches

"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 and social progress 2009
- Joseph Stiglitz - Problems with GDP as an Economic Barometer
- Amartya Sen: Beyond GDP, measures of welfare and sustainability (2/7 ..) 

7 July

class is online!

individual presentation: Consumer Theory

Presentations and Debates:

* Delta NN

* Echo NN

* Foxtrot NN

please upload your presentation - as usual - the day before up to 16:00 !

Other Alternative Economic Approaches

Fridays, Economists, Scientists ... for Future: Facts + Statements of Scientists + Sketchnotes + Skeptical Science Global Warming & Climate Change Myths + The Consensus Handbook +
+ New Economics Foundation + (you can also check this list by ECG)

Degrowth – what's behind the economic theory and why does it matter right now?
Niko Paech: Grundzüge einer Postwachstumsökonomie

Economics of Happiness (Glücksforschung), e.g.:
Karlheinz Ruckriegel

and many more ideas and topics please !

8 July

class is online!

Outlook: Macroeconomics and Economic Policy

More on Measuring Macroeconomic Variables and Policy Issues

Teamwork in class (10 minutes + 5 minutes presentation):
Current Macroeconomic situation
- A+B
Joint Economic Forecast Spring 2024 (March)
- C+D
Spring Report Council of Economic Experts (May)
- E+F
ifo Economic Forecast Summer 2024 (June)

-> AULIS group for the coming winter term 25/26
=> you will be able register for a chapter (some chapters will have to be presented twice, we discuss this in the winter term)

(the class / webpage of last year, refers to another book - so the time schedule for our class in the coming winter term is not yet available - it will be updated in September)