Prof. Dr. Peter Schmidt

Introduction to ECONOMICS (Micro & Macro AWS)

Economics & Statistics January 2022

Basic Material / Links: Reader: Contents, References, Texts The assessment is a Learning Portfolio. Please klick here for the Assessment Please recall: There will be a) 6 houses for the house cup (Kahoots) and groupwork in the Module exercises and b) 7-10 teams presenting one chapter / topic. Klick HERE for further information about the presentation  - please recall that we discussed how to find academic literature last semester: at the library databases like - EconLit, the OECD iLibrary, the Web of Science - also helpful is EconBiz at the ZBW. (VPN needed)! - this semester, the evaluation (grade) of the presentation will focus especially on this and on the discussions you start and moderate during or after your presentation  Link to the Website of Textbook "Economics for Business" by David Begg und Damian Ward (6th ed.)   Additional information and tests on this webpage (3rd ed. - choose "student edition" and a chapter)  -> 6th edition in our library SuUB -- to access the library services you need a VPN connetion  Link to the Website of Mankiw "Principles of Economics"  You find the course material in our AULIS group: XXX which is also the platform to upload your homework etc. In case of online classes you also find the Zoom-link there.

Tentative Schedule:

Teams and Tasks:

Group: Date:	All students	1	2	3	4	5	6
	Names:	Alpha	Beta	Gamma	Delta	Epsilon	Zeta
18 April	no tasks, but Mankiws "Principles" in class:	1-2	3-4	5-6	7-8	9-10	Obama-Text
25 April	Mankiw: "Problems and Applications"	15-16	13-14	10-12	7-9	4-6	1-3
2 May		17 (one article)	17 (one article)	17 (one article)	17 (one article)	17 (one article)	17 (one article)
9 May	End of Chapter questions from Begg/Ward (chapter 1) (questions 10-15 and Exercises -> Tutorial)	2,3	4	5	6, 7	8	9
	End of Chapter questions from Begg/Ward (chapter 2 / 3)	Chapter 2 Exercise 2	Chapter 2 Questions 3 to 6	Chapter 2 Questions 1 and 2	Chapter 3 Questions 1 to 3	Chapter 3 Questions 6, 8 and 9	Chapter 3 Exercise 2
	End of Chapter questions from Begg/Ward (chapter 4)	Question 2 Exercise 2 (a)	Question 3 Exercise 2 (b)	Question 6 Exercise 2 (c)	Question 8 Exercise 2 (d)	Question 9+10 Exercise 2 (e)	Exercise 3
	End of Chapter questions from Begg/Ward (chapter 5)	Questions 13 and 12	Question 10 + Explain, what "creative destruction" is about	Questions 8 and 9	Questions 6 and 7	Questions 4 and 5	Question 3, 1 and 2
	We will do some old exam tasks in class together... Microeconomics WS 07/08 EFA 3 (English) (60 ! min) Microeconomics WS 06/07 EFA 3 (English) (60 ! min) Microeconomics WS 05/06 EFA 3 (English) (90 min) + please read the article: An Antitrust Brain Teaser for Google: (doc) - What measures do antitrust authorities use to determine whether consumers are harmed by monopolies? Consider Google. - Are consumers harmed if Google places information provided by its own companies at the top of search output (for example, Zagat's information when searching for restaurants)?
	End of Chapter questions from Begg/Ward (chapter 9)	Exercise 2 a - e	The same task as Team Alpha, but use the numbers for Germany	Exercise 2 f - i	The same task as Team Delta, but use the numbers for Germany	Exercise 3	Refer to figure 9-11 (slide 20 of the ppt), the business cycle. Look at the business cycle for Germany for the last decade and find (or produce) a diagram. Describe the developments you find (boom, recessions, ...)
Critiques of GDP - Measuring Sustainable Development	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 team is requested to present a brief (~ 5-10 min.) summary of two recommendations --------> In the Executive summary each recommendation is described in one paragraph - but you also find more information in the more detailed part of the report or/and other sources.	Recommendations 1 and 2	´Recommendations 3 and 4	Recommendations 5 and 6	Recommendations 7 and 8	Recommendations 9 and 10	Recommendations 11 and 12
	End of Chapter questions from Begg/Ward (chapter 10)	question 8	questions 5 and 6	questions 4	question 3	questions 1 and 2	Exercise 2
	All Teams please perform a regression analysis for the consumption function for ... (You might find data sources at the Statistische Bundesamt, ECB, IMF, ... There are also some links below. You should use a time series with as many observations as possible. The dependent variable is the final consumption of the households, the independent variable is the disposable income / or national income as a substitute)	... the USA	... France	... Germany	... England (/ GB)	... Ireland	... Spain
	End of Chapter questions from Begg/Ward (chapter 11) + all students (individually!) please prepare exercise 2	questions 1,2	questions 3,4	questions 5,6	questions 7,8	questions 9,10	questions 11,12

Links:

• Textbook: R.J. Carbaugh: International Economics (10th ed.) General information (10th edition) and Students material  
• "10 Principles":   G. Mankiw "Principles of Economics" (http://www.swcollege.com/econ/mankiw/)
• Joseph E. Stiglitz: "Globalization and Its Discontents"
  - Article of Stiglitz @american.prospect
  - Homepage Stiglitz
  - Joseph Stiglitz and Kenneth Rogoff discuss: Globalization and Its Discontents (World-Bank Video 63 Min.)
• Link to the Video-Presentation of John SUTTON where you also find a link to his homepage und to the paper itself.
• German Bundestag: "Globalization of the World Economy - Challenges and Responses" Final Report (pdf.)
• Here is a link with some questions and explanatory answers about comparative advantages:http://www.bized.ac.uk/current/mind/2003_4/031103.htm.
• "Comparative Advantage"@Wikipedia
• Textbook: Krugman and Obstfeld: International Economics:
  - General information
  - Students material (Powerpoint Presentations)  (only the first item "Lecture Presentations" can be accessed without purchasing the book or a license)
• A report about the Income distribution of the world.

Data Sources:

• The UC Atlas of Global Inequality by the University of California, Santa Cruz with the UC Atlas Database
• United Nations Statistics Division Database with ComTrade Database
• IMF:
  - International Monetary Fund
  - World Economic Outlook
• The World Bank
  - www.worldbank.org - Data - Free Data Query
  - World Bank Atlas 2005 (publication)
• WTO
• CIA Factbook
• HWWA - World Matrix of Sectoral Economic Data + useful links to data sources
• ATTAC international, Public Citizen
• The Globalist

Statistics: