Prof. Dr. Peter Schmidt

Introduction to ECONOMICS (Micro & Macro AWS)

Economics & Statistics 23 May 2023

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 teamwork in the Module exercises and b) 7-10 groups 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 (~12) groups of 4* students presenting a case study about one of the (sub) chapters * depending on the number of participants (incl. international guests) there might be groups of 3 students possible - 2 b discussed Case Study / presentations: 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) What makes a good presentation? (to be dicussed in class)  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 in the 2nd week. 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"; News Items (for all 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 2023 <- Please register here for a presentation topic (=chapter of our book for your case study) which is also the platform to upload your homework etc. In case of online classes you also find the Zoom-link there.

Houses and Tasks:

House: Date:	All students	Alpha	Bravo	Charlie	Delta	Echo	Foxtrot
	Names:	Talea Louisa Nicole Khaldoun Mahmoud Abdul Hail Abdikafi	Jenny Julian Thorge Jonas David Yishhak Khoi	Paul Alina Calvin Berkan Zerin Nils Imke Mirko	Lars Jan Noah Michael Justin Momoka Merle Shuto	Laura Nina Klaudia Celina Celine Mona Lea Enie	Walid Leo Leon Nikita Hussein Rayan Ghassan Amina
week 1	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
week 2	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
week 3 (26 April)	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)
week 4 (3 May)	NO house-work - only the two teams missing last week present their results + we might do some End of Chapter questions from Begg/Ward (chapter 1) in class	2,3	4	5	6,7	8	9
week 5 (10 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
week 6 (17 May)	no house work, we'll work together on exercises for chapter 4
...	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
week 7  (24 May)	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 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 house Alpha, but use the numbers for Germany	Exercise 2 f - i	The same task as house 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 house 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 houses 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: