Prof. Dr. Peter Schmidt

Introduction to ECONOMICS (Micro & Macro AWS)

Economics & Statistics 14 July 2022

Tentative Schedule:

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 a chapter / topic from our book. Teamwork: Houses = 6 teams (of ~ 6 people) -> House Cup (Kahoot quizzes), teamwork in module exercises (see 2nd table below) Presentation groups (~10) groups of 3-4 students presenting a case study about one of the (sub) chapters Klick HERE for further information about the presentation  -> in order to prove that you used a literatur management system, you have to share your Zotero group with me (or another system)  Please recall that we learn how to find academic literature: in library databases like - EconLit, the OECD iLibrary, the Web of Science - very helpful is EconBiz at the ZBW. (VPN needed), we'll discuss this further on 28 April! The evaluation (grade) of the presentation will focus especially on this and on the discussions you start and moderate after / during your presentation On the webpage of another book ("Economics" by Sloman et al.) you find "Hotlinks"and News Items (for Sloman chapters) (chapters) / The Sloman Economics News Site. This no mandatory literature, but might help with your presentation topic.  Link to the Website of our 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) (unfortunately the answers to MC questions don't work properly, so if there are questions concerning the correct answers of single questions please contact me - but I also don't have the master answers, so we have to discuss single questions) -> 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: AWS 2 - Microeconomics - summer term 2022 <- Please register here for a presentation topic (=chapter of our book) which is also the platform to upload your homework etc. In case of online classes you also find the Zoom-link there.

Teams and Tasks:

Group: Date:	All students	Alpha	BWL-Justus	Charlie	Drizzy	Erik	Foxtrot
	Names:	Luca Jan Marcel Paul Christoph Thorben Ali	Lizz Christian Diana Karena Julia Emely Hasan	Luay Emirhan Arton Ghandi Mohamad Amadou Nilly	Kea Marwa Malek Adam Shieaer Fatma Nadja	Zoe Leon Adrian Emin Daniel Kenan Can Yasir	Cécile Louis-Marie Angilique Tim Haifaa Patrick Henri
20/21 April	no tasks, but Mankiws "Principles" in class: - name and describe your principles / text - provide an _own_ example per principle	1-2	3-4	5-6	7-8	9-10	Obama-Text
28 April	Practise to use literature-databases (EconBiz, EconLit) properly: research 3-5 articles from academic journals - either for your presentation topic - _or_ for the topic given in your column: = 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
5 May	Mankiw: "Problems and Applications":	15-16  17 (one article)	13-14 17 (one article)	10-12     17 (one article)	7-9    17 (one article)	4-6    17 (one article)	1-3    17 (one article)
12 May	End of Chapter questions from Begg/Ward (chapter 1)	2,3	4	5	6,7	8	9
19 May	End of Chapter questions from Begg/Ward (chapter 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	-> all students: Exercise 1 and 2	-> all students: Exercise 1 and 2
- no discussion of chapter 4 -	End of Chapter questions from Begg/Ward (chapter 3) -> all students: Exercise 1 and 2	1	2	3	4	5	6
2 June	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
please prepare for 16 June	Please prepare this task about monopoly v. PC
	We might do some old exam tasks in class together... Examples of old written exams (different type and longer than ours, just for your orientation about the topcis: Microeconomics WS 07/08 EFA 3 (60 ! min) Microeconomics WS 06/07 EFA 3 (60 ! min) Microeconomics WS 05/06 EFA 3 (90 min) Research the tasks of the Bundeskartellamt:                                                                       ----->    and briefly present the results in class (3 min / group)	1. Merger control	2. Ban on cartels	3. Abuse control	4. Public procurement	5. Whistle-blower	6. Leniency Programme
	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, ...)
please prepare for 23 June 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 to max 10 min.) summary of two recommendations --------> In the Executive summary each recommendation is described in one paragraph (p.7-18), 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:
please let me know if links don't work ++ and especially if you youself have a good tip for me and your classmates)

• 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: