Economics & Statistics
Winter term 2022/23 - 18 January 2023
|
Economics & Statistics Winter term 2022/23 - 18 January 2023 |
ECONOMICS I -- Introduction to Economics, National Accounting
and Microeconomics -- EFA 3rd
semester WS
2022/23
|
Basic Information
Literature
Interactive Participation
Preliminary schedule: |
7th. ed.: |
| No | week | date: | presentation | Unit - topics (Preliminary Schedule) | Additional information | Material |
! |
all | Current public debates about economic Policy Issues |
|
Managing the energy crisis in solidarity, shaping the new reality Weitere Infos zum
Thema (in German): |
Joint Economic Forecasts (english)
|
Joint Economic Forecast Autumn 2022: Energy Crisis: Inflation, Recession, Welfare Loss
|
1 |
1 |
18 Oct |
Introduction: Basic problems (In classs: Teamwork
(houses) about Mankiws
"Ten Principles of Economics" & |
(ggf.
Einstieg auf Deutsch mit EFA-Themen: - eure Fragen - Studienkommission - Symposium - wer noch nicht hat, bitte an der unverbindlichen Vor-Abfrage für die Auslandsstandort 2022/23 teilnehmen, Danke). |
-
Welcome.ppt |
|
2 |
1 |
19 Oct | PART
A: INTRODUCTION |
read 10 principles,
prepare tasks for ME (=Module Exercise) |
- Hierarchy
of goals in market economies Please use the online resources, tests and case studies on the Sloman webpage (see above) |
|
3 |
2 |
25 Oct | (no pres. 1) | Outlook
to Part D: 14 The National
Economy in
ME part (see table below): |
We'll briefly finish the 10 principles of Economics that everyone has read! => please review the Miro Board Feel free to prepare questions!
|
Review:
Academic Literature & Library RefWorks: Example from another class: Corrected Version of a Reference List |
4 |
2 |
27 Oct |  |
Houses
please prepare:
14 The National
Economy
|
We are going
to discuss chapter 14 Watch the following
screencasts: We'll discuss 14.2 the circular flow of income in class and derive the the (three ways of) measurment of the GDP (14.3) |
German National
Accounting @DeStatis: Important
economic indicators & publications
- GDP to NNY and summary of National Income accounting - Eurostat
with National
Accounts |
5 |
3 |
1 Nov | (no class due to faculty meeting) => use the class time to take an alternative view on Economics. The links to the right will help you ++ prepare the presentation topic assigned below in the module exercise table |
Critiques of GDP: SUSTAINABILITY Global
goals for sustainable development
+++ OECD
Centre +++
|
Today we'll discuss National Accounting (GDP, ...) and afterwards are going to ask ourselves: Is
GDP really an apt measure of Welfare ECG Economy
for the Common Good (GWÖ): Doughnut
Economics (Ways to Think Like a 21st-Century Economist) Other aspects of
Economic theory: |
- What if the common good was the goal of the economy? | Christian Felber | TEDxVienna (ME s.b.) - How can countries measure the well-being of their citizens? (TED institute) "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 ... The German Statistical Office (DeStatis) publishes Environmental indicators and also an "Indicator Report - Sustainable Development in Germany" + "Indicator Report 2021: Sustainable Development in Germany", OECD: "Beyond GDP" Joseph E. STIGLITZ, Jean-Paul FITOUSSIand Martine DURAND |
6 |
3 |
3 Nov | |
Balance of Payments: |
- Aggregate
demand and supply and the price level German balance of payments in 2020: Please read page 17 (18) and the "Major items of the balance of payments" p. 29/30 |
Topics
of our first test • Mankiw principles 1-7, esp. the Economic dogmata / Different viewpoints: Neo-Liberal <> Interventionists • Hierarchy of goals in (social) market economies • Chapter 14: Definitions about GDP, components * MC in the presentation * Simple calculation of GDP Basic ideas of ECG and Doughnut Economics |
7 |
4 |
8 Nov | today:
your presentations of Alternative Economic approaches
test 1 The tests take place at the end of the second block = 13:00 (available until 13:30, work-time 20 minutes) |
15 Macroeconomic Issues and Analysis: an Overview Unemployment: Price
Stability Balance
of Payments: |
- Aggregate
demand and supply and the price level German balance of payments in 2019: Please read page 17 and the "Major items of the balance of payments" p. 28 |
Review Introduction and National
Accounting - YOUR questions |
8 |
4 |
10 Nov | |
-- " -- PART B: FOUNDATIONS OF MICROECONOMICS 2: Supply and demand (2.1 and 2.2) |
(team
work during module exercise; It's not about a comprehensive presentation of the topics, but you are invited to tell the class about issues _you_ find interesting) |
(just a reminder: there are many textbook-resources available online) --> Link to chapter 2 |
9 |
5 |
15 Nov | PART B: FOUNDATIONS OF MICROECONOMICS 2: Supply and demand (2.1 and 2.2) |
The
Demand Curve |
||
10 |
5 |
17 Nov | |
2: Supply and demand | - The Market Equilibrium |
|
11 |
6 |
22 Nov | (no test, postponed to next week) |
3: Markets in Action -> Elasticity |
-
Elasticity: Introduction (mp4) |
|
12 |
6 |
24 Nov | no
class as (no Pres. 2) |
3: Markets in Action -> Elasticity | (we will not
dicuss supply elasticities explicitely, but this video might be helpful
anyway - Elasticity: Price elasticity of supply (mp4) - Elasticity: Price elasticity and time (mp4)) - Incidence of taxation: The effect of indirect taxes on market price and quantity (mp4) - Incidence of taxation: Elasticity and the incidence of taxation (mp4) |
24.
- 25. ALL EFA students have to attend the -> EFA-Symposium |
13 |
7 |
29 Nov |
class is ONLINE, Zoom-link in AULIS
13:00-13:30 (no Pres. 3) |
3: Markets in
Action -> Elasticity |
- Speculation
(mp4) - Utility
analysis: Utility (mp3) |
Topics
of test 2: External links:
|
14 |
7 |
1 Dec |
class is ONLINE, Zoom-link in AULIS |
3: Markets in Action -> Elasticity PART C: MICROECONOMICS |
Please watch the relevant videos ("Audio animations") in the textbook resources of our book (-> chapter 5) |
Topics of our third test (to be discussed) • chapter 2 complete |
15 |
8 |
|
(no Pres. 4) test 3 |
4: Background to demand 5: Background to
supply |
Please watch the relevant videos ("Audio animations") in the textbook resources of our book |
|
| 16 |
8 |
8 Dec |
|
5: Background
to supply |
Please watch the relevant videos ("Audio animations") in the textbook resources of our book | |
17 |
9 |
13 Dec |
Pres. 5 | 5: Background
to supply |
Please watch the
relevant videos ("Audio animations") in the textbook
resources of our book: - Perfect competition: Introduction - Perfect competition: Short-run supply curve of the firm under perfect competition - Perfect competition: The industry supply curve under perfect competition |
Review of old exams |
18 |
9 |
15 Dec | |
6: Profit maximising
under perfect competition and monopoly |
Please watch
the relevant videos ("Audio animations") in the textbook
resources of our book: |
Topics of our test 4 |
19 |
10 |
20 Dec |
Pres. 6 test 4 |
6:
Profit maximising under perfect competition and monopoly |
Please watch the
relevant videos ("Audio animations") in the textbook
resources of our book - Monopolistic competition - Monopolistic competition: long-run equilibrium - Oligopoly |
|
20 |
10 |
22 Dec | |
6: Profit maximising under perfect competition and monopoly | Please watch
the relevant videos ("Audio animations") in the textbook
resources of our book |
... and why not enjoy: Deck the Halls with Macro Follies |
21 |
11 |
10 Jan |
HAPPY Pres. 7 |
7: Profit maximising under imperfect competition | Please
watch the relevant videos ("Audio animations") in the textbook
resources of our book |
-
Movie "A
beautiful Mind" about John
F. Nash Bundeskartellamt
- Control
of abusive practices - Ban
on cartels |
22 |
11 |
12 Jan | |
7:
Profit maximising under imperfect competition |
Review / Repetition and questions - chapters 4-7 (and also 1 (Mankiw) - 3) | Topics of our test 5 • chapter
6: |
23 |
12 |
17 Jan | (no Pres. 8) ->
Evaluation: test
5 |
(7) ... imperfect
competition - Oligopoly -> Game Theory |
Please watch the relevant videos ("Audio animations") in the textbook resources of our book | |
24 |
12 |
19 Jan | |
(7) ... imperfect
competition -
8: Alternative theories of the firm |
----------------------------------->
|
-
Movie "A
beautiful Mind" about John
F. Nash Bundeskartellamt
- Control
of abusive practices - Ban
on cartels |
25 |
13 |
24 Jan | Pres. 9 (no Pres. 10) |
9: The theory of distribution of income |
Please watch the relevant videos ("Audio animations") in the textbook resources of our book |
|
26 |
13 |
26 Jan | (no Pres. 11) |
10: Inequality, poverty and policies to redistribute incomes |
Please watch the relevant videos ("Audio animations") in the textbook resources of our book |
Topics
of our test 6: |
27 |
14 |
31 Jan | Pres. 12 test 6 |
11: Markets, efficiency and the public interest | Please watch the relevant videos ("Audio animations") in the textbook resources of our book | The German Statistical
Office (DeStatis) publishes Environmental
indicators e.g.: We discussed the
topics for the exam in class. The resulting file "Contents_of7th_edition
EFA Micro.doc" will be available in our AULIS group. |
28 |
14 |
2 Feb | (no
Pres. 13) Really maximizing the Well-Being of all: "The Economy of the common good" |
12. Environmental Policy Review,
questions + outlook: 13. Government Policy towards Business |
Review
and conclusion + YOUR questions Please watch the relevant videos ("Audio animations") in the textbook resources of our book |
Some Videos
"Fight of the Century" / Fear
the boom and the bust Videos about economic approaches: "60 Second Adventures in Economics" (Open University) |
review 2019 Climate change Critiques
of GDP:
|
Global
#WeekForFuture #ClimateStrike Planetary Emergency Plan (Club of Rome) 19 The Relationship between the Money and Goods Markets |
WTO: Economy for the Common Good |
The "Module Exercise"
takes place every week <45-90 minutes every week integrated into our
class on Mondays > 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 exam. 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 exam.
|
|
Alfa |
Bravo |
Charlie |
Delta |
|
| Names of students:
|
Kunal Tom W Gina Lasse |
Fynn Tomes David |
Timo Tom N Ole |
Max Kilian Jenish |
|
| 18 Oct (in class) | Mankiws
"Principles" & - presentation in class: |
1-4 |
5-7 |
8-10 |
Obama
text |
please prepare for: 25 Oct
|
Mankiw:
"Problems and Applications" |
13-16 + No. 17 ONE example ! |
9-12
+ No. 17 ONE example ! |
5-8
+ No. 17 ONE example ! |
1-4
+ No. 17 ONE example ! |
Critiques of GDP - Measuring Sustainable Development (See also the Joint Report for the |
In the Report of the "Stiglitz-Sen-Fitoussi commission" on the "Measurement of economic performance and social progress" (2009) the authors deliver 12 recommendations. Each house is requested to present a brief (~ 5-7 min.) summary of two recommendations --------> In the Executive summary (p.7-18) each recommendation is described in one paragraph but you are also requested to refer to the more detailed part of the report or/and other sources. |
1) Recommendations 1 - 3 2) Select one macroeconomic indicator of your choice and briefly present the development of this indicator on 1 or 2 slides (up to 5 minutes) (each house should present for a maximum of 10 minutes) |
1) Recommendations 4 - 6 2) Select one macroeconomic indicator of your choice and briefly present the development of this indicator on 1 or 2 slides (up to 5 minutes) (each house should present for a maximum of 10 minutes) |
1) Recommendations 7 - 9 2) Select one macroeconomic indicator of your choice and briefly present the development of this indicator on 1 or 2 slides (up to 5 minutes) (each house should present for a maximum of 10 minutes) |
1) Recommendations 10 - 12
2) Select one macroeconomic indicator of your choice and briefly present the development of this indicator on 1 or 2 slides (up to 5 minutes) (each house should present for a maximum of 10 minutes) |
House-Work during classtime on (no class due to faculty meeting) |
Prepare a 10 minutes presentation for next week |
Discussion of the "Economy of the
Common Good" approach What
if the common good was the goal of the economy? |
Christian Felber (TEDxVienna) [up to 12:45] |
Climate
change and economic development. More information for example: WTO:
|
Doughnut Economics (Ways to Think Like a 21st-Century Economist) - Why
it's time for 'Doughnut Economics' | Kate Raworth | TEDx Reader pp 70 ff |
Prepare the presentation of another alternative approach to Economics You can chose one you find interesting - take the examples in row 5 above as examples / suggestions, but you are free to chose your own. |
8 November: Houses present the topics prepared last week |
+ Teamwork IN class about exercises on chapter 14 and basics of economic policy: |
Discussion of the "Economy of the
Common Good" approach What
if the common good was the goal of the economy? |
Christian Felber (TEDxVienna) [up to 12:45] |
Climate
change and economic development. More information for example: WTO:
|
Doughnut Economics (Ways to Think Like a 21st-Century Economist) - Why
it's time for 'Doughnut Economics' | Kate Raworth | TEDx Reader pp 70 ff |
Prepare the presentation of another alternative approach to Economics You can chose one you find interesting - take the examples in row 5 above as examples / suggestions, but you are free to chose your own. |
15 Nov Teamwork (houses): |
Managing the energy crisis in solidarity, shaping the new reality Which are from your point of view the most important messages of the report? Use the press release as well as the Executive Summary as sources for your research |
Energy Crisis and high Inflation | Stable Economic and Monetary Union | Structural change in Manufactoring | Ensuring a skilled Workforce |
| 22 Nov | PRESENTATION of the topics above (report GCEE) | ||||
| 29 Nov | EoC Chapter 2 ALL students: 1, 2 and 7 |
3 |
4 |
5 |
6 |
6 December together in class |
we'll do task 4 of VWL1-MicroExamWS11-12.doc in class EoC Chapter 3 |
3-1 |
3-4 |
3-5 |
3-6 |
| In class: - 4.1 to 4.4 |
4-8 |
4-7 |
4-6 |
4-2, 4-4 - use (own) illustrations
for your answer |
|
EoC Chapter 5 |
3 |
4 |
5 |
6 |
|
| EoC Chapter 6 ALL students: question 1 |
2 |
3 |
4 |
5 |
|
| no homework, we'll
do exercises from chapter 6, tasks: 2, 3, 6 and 8 Additionally we will discuss task 6 from the Microeconomics WS 05/06 EFA 3 (90 min) |
all houses should please prepare the tasks | all houses should please prepare the tasks | all houses should please prepare the tasks | all houses should please prepare the tasks | |
| NN | no homework, we'll do exercises in class -> VWL1-MicroExamWS11-12.doc | all houses should please look at the whole exam - we'll roll the dice which house presents which task ;-) | all houses should please look at the whole exam - we'll roll the dice which house presents which task ;-) | all houses should please look at the whole exam - we'll roll the dice which house presents which task ;-) | all houses should please look at the whole exam - we'll roll the dice which house presents which task ;-) |
| NN | Review of old exams |
Review of old exams, e.g. the exam of Microeconomics WS 14/15 | |||
| NN | YOUR questions |
Links:
Links:
- WIKIPEDIA,
the free Encyclopedia (english)
- Leo -
Online Dictionary
- odge.de: Online-German-English-Dictionary
Learning / Improving your English:
- See the tips on the web page of the "Fremdsprachenzentrum",
especially "Internet
Quellen", "Medien",
and "Englisch
in Bremen"
- Somewhat less actual are the English
Language Resources (ELR) web site of Hochschule Bremen (Bremen
university of applied sciences)
with many useful tips, among other things: "How
can I improve my English outside class?" (with tips for going out:
English Club ... and more).
- also useful a list of English radio stations: http://www.surfmusik.de/land/england.html
Quotations
form the book of Thomas
Friedman: "The World is flat":
- For some, particularly among the older generations, this was
an unwelcome transformation. Communism was a great system for making
everyone equally poor. In fact, there was no better system in the world
for that than Communism. Capitalism made people unequally rich,
and for some who were used to the plodding, limited, but secure Socialist lifestyle--where
a job, a house, an education, and a pension were all guaranteed, even if they
were meager--the fall of the Berlin wall was deeply unsettling. (p. 51/52)
- ... to some degree Mikhail Gorbachev's hapless efforts to reform something
that was unreformable brought communism to an end. But if I had to point to
one factor as first among equals, it was the information revolution that began
in the early- to mid-1980s. Totalitarian systems depend on a monopoly
of information and force, and too much information started to slip
through the Iron Curtain, thanks to the spread of fax machines, telephones,
and other modern tools of communication. (p 54)
-You
are visitor number:
"
Helpful:
access the material of the 7th edition on the book 
