Prof. Dr. Peter Schmidt
Introduction
to ECONOMICS (Micro
& Macro
ISTM)
Economics & Statistics
15 June 2015
Prof. Dr. Peter Schmidt |
Introduction
to ECONOMICS (Micro
& Macro
ISTM) |
15 June 2015 |
Basic Material / Links:
|
 |
 |
|
Tentative Schedule:
class times: Mondays,
10.15-11.45 and 16.15-17.45, Wednesday 16.15-17.45 and Thursdays 12.00-13.30.
The Wednesday class is a make-up as there will be no class in the last three
weeks (see below) and will take place from 19 March to 27 May.
| No | week |
date | Unit - topics (Preliminary Schedule) | Material |
| 1 | 1 | 16 March 2015 |
Section
I: Introduction - 10 Principles
of Economics (Mankiw) |
Teams: |
| 2 | 1 | 18 March 2015 | (In classs: Teamwork about Mankiws "Ten Principles of Economics" and part from B. Obama "The Audacity of Hope" (p. 176-184) | -
"Basic Concepts" - Economics @ Wikipedia - Centrally planned <-> Market Economy |
| 3 | 1 | 19 March 2015 | Basic
Concepts of Economics |
- Hierarchy
of goals in market economies - "Wall Street" @ Wikipedia - See also the quotations of T. Friedman |
| 4 | 2 | 23 March 2015 | Section
II: Understanding Markets - Chapter 2: Consumers in the Market Place |
|
| 5 | 2 | 25 March 2015 | - Chapter 2: Consumers in the Market Place | -
Def_Elasticity |
| 6 | 2 | 26 March 2015 | (Module exercise / Mankiw topics + general discussion) |
|
| - | --- Easter Break --- |
As you have some
time today ;-) ... why don't you check the current publication of the OECD:
OECD Tourism Trends and Policies 2014 This report provides comparative knowledge, both policy and data, through thematic chapters and country-specific policy and statistical profiles. Over 50 countries are covered. The report highlights key tourism policy developments, focuses on issues that rank high on the policy agenda in the field of tourism and provides a broad overview and interpretation of tourism trends in the OECD area and beyond. The 2014 edition focuses on tourism and growth. Tourism Trends and Policies is an international reference and benchmark on how effectively countries are supporting competitiveness, innovation and growth in tourism, and sheds light on policies and practices associated with this. It is published every two years. (accessible from the university campus or via VPN) |
||
| 7 | 3 | 13 April 2015 | (Chapter 2: Consumers in the Market Place) - Chapter 3: Firms in the Market Place |
|
| 8 | 3 | 15 April 2015 | - Chapter 3: Firms in the Market Place | see also the Excel file with some Figures from the book |
| 9 | 3 | 16 April 2015 |
- Chapter 4: Markets in Action | |
| 10 | 4 | 20 April 2015 | -
Chapter 4: Markets in Action |
|
| 11 | 4 | 22 April 2015 | Section
III: Competition and Profitability |
|
| 12 | 4 | 23 April 2015 | - no class - | - no class due to an external seminar - |
| 13 | 5 | 27 April 2015 | -
Chapter 5: Market structure and Firm Performance
Competition,
Monopoly and the public interest (= WELFARE). |
|
| 14 | 5 | 29 April 2015 | - Chapter 5: Market structure and Firm Performance Competition, Monopoly and the public interest (= WELFARE) ++ Creative Destruction | - http://en.wikipedia.org/wiki/Joseph_Schumpeter |
| 15 | 5 | 30 April 2015 |
-
Chapter 6. Strategic rivalry
|
Movie "A beautiful Mind" about John F. Nash - "Split or Steal" and "From Stealing to Trust" |
| 16 | 6 | 4 May 2015 | Joint Economic
Forecast Spring 2015 |
  |
| 17 | 6 | 6 May 2015 | Section
IV: Domestic MACROeconomics |
German
National
Accounting @DeStatis: -
Eurostat
with National
Accounts |
| 18 | 6 | 7 May 2015 | -
Chapter 10: Measuring Macroeconomic Variables and Policy
Issues |
Price
index in Germany: (Statistisches Bundesamt) Current
issues: |
| Thinking about "rational" decision making ... in Bremen: | Movie "A
beautiful Mind" about John
F. Nash Indifference
will be the downfall of mankind! |
|||
| 19 | 7 | 11 May 2015 | Measuring
WELFARE |
"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 et social progress by the "Stiglitz-Sen-Fitoussi commission" 2009 The German Statistical Office (DeStatis) publishes Environmental indicators and also an "Indicator Report 2012: Sustainable Development in Germany", also see "How to measure well-being" |
| 20 | 7 | 13 May 2015 | - " - -
Chapter 11: Expenditure and Fiscal Policy |
Some Videos: "Fight
of the Century" / Fear
the boom and the bust Data for Consumption Function: DeStatis link; Excel-file (1970-2012) |
| 21 | 7 | 14 May 2015 | - no class - | - national holiday (Ascension day) - |
| 22 | 8 | 18 May 2015 | -
Keynesian Cross Multiplier, Balanced Budget |
|
| 23 | 8 | 20 May 2015 | -
Keynesian Cross Multiplier |
|
| 23 | 8 | 21 May 2015 | -
Keynesian Cross Multiplier, Balanced Budget |
|
| 25 May 2015 | - no class - | - national holiday (Whitsun) - In memoriam
of John F.
Nash |
||
| 24 | 9 | 27 May 2015 | Applied Multiplier, Balanced Budget | - market.research.culture:
example of Kunsthalle Bremen: surveys at Kunsthalle Bremen (Paula in Paris): Presentation and Discussion Paper, Questionnaire |
| 25 | 9 | 28 May 2015 | - Chapter 12: Money,
Banking and Interest |
Main Source : European Central Bank ECB, Educational Sources: videos and presentations - definitions of monetary aggregates - MFI information - Inflation Monitor |
just
4YI: |
In the next three weeks there are no classes on Wednesdays | |||
| 26 | 10 | 1 June 2015 |
- Chapter 12: Money,
Banking and Interest |
Topics for the exam: Review, your questions - see Contents_Commented_SoSe15.docx in AULIS Main
Source : European Central Bank ECB,
Educational
Sources:
videos and presentations
-
definitions of monetary aggregates - MFI
information - Inflation
Monitor
|
| 27 | 10 | 4 June 2015 | - Chapter 12:
continued: |
Some Videos: "Fight
of the Century" / Fear
the boom and the bust - "Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem - Fight of the Century: Keynes vs. Hayek Round Two and more information like "The Tale of the Dueling Economists". Texts of the videos Annenberg Video @ learners.org: 5. John Maynard Keynes -> Schools of Economic Thoughts (board) |
| 28 | 11 | 8 June 2015 | - Chapter 12: continued:
|
+ Evaluation |
| 29 | 11 | 11 June 2015 | Chapter 13: Inflation, Output & Economic Policy Chapter 14: Supply-side policies |
|
| 30 | 12 | 15 June 2015 | (afternoon) please kindly participate
in a survey: Section V
Global Economics |
Joseph E. Stiglitz:
"Globalization
and Its Discontents"
|
15 July (preliminary schedule) |
Final Exam |
The exam is designed
for 90 minutes, so 90 points can be achieved, but there will be 120 minutes
time due to the regulation (module description) - see old exams like for example:  Microeconomics
WS 12/13 AWS 3 (English) (45 min) -> will be discussed
in the MÜ on Monday, 3 June Macroeconomics
WS 12/13 AWS 3 (English) (45 min) -> will be discussed in
the MÜ on Monday, 3 June 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) (these are exams from earlier classes, partly based on other textbooks, they may contain different content as compared to our class. As of the content of the exam only the specifications we discussed in class are relevant. Also see the "Contents_Commented_WS1213.doc" which we discussed in class and that you find in our Aulis group. Of course all exercises / topics we discussed in the module exercise are relevant for the exam) |
Teams and Tasks:
The "Module Exercise" takes place
every week.We formed 6 teams and every team is assigned tasks
for the next session and is expected to present the results.
The module exercise is part of your individual workload, the lecturer won't
deliver new information there; 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
(Begg&Ward: "End of chapter questions" = EoC).
The exercises discussed in the module exercise reflect the topics of
the test. 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 remains relevant for
the test.
|
Group:
Date: |
All
students
|
1
|
2
|
3
|
4
|
5
|
6
|
Names:
(t.b.a.) |
Philine Adrian |
Lisa Naschert |
Jana Sommer |
Elena Eckert |
Katharina Kwapisiewicz |
Deniz Pense |
|
Teamwork in class - 16 March + presentation 18 March |
Teams A-E present
the principles -> Team Z presents the main topics from the Obama-text |
1-2 |
3-4 |
5-6 |
7-8 |
9-10 |
Obama-Text |
| 23 March | Mankiw:
"Problems and Applications" |
15-16 |
13-14 |
10-12 |
7-9 |
4-6 |
1-3 |
| 13 April | 17
(one article) |
17
(one article) |
17
(one article) |
17
(one article) |
17
(one article) |
17
(one article) |
|
| 20 April | End
of Chapter questions from Begg/Ward |
Chapter 2 Exercise 2 |
Chapter 2 Questions 2 and 3 |
Chapter 2 Questions 4 and 5 |
Chapter 2 Questions 6 and 7 |
Chapter 2 Questions 8 and 9 |
Chapter 2 Questions 10 and 11 |
| 27 April | End
of Chapter questions from Begg/Ward We might do some
old exam tasks in class together... |
Chapter
3 Questions 1 and 2 |
Chapter
3 Exercise 2 |
Chapter
3 Questions 3 and 4 |
Chapter
3 Questions 5 and 6 |
Chapter
3 Questions 7 and 8 |
Chapter
3 Questions 9 and 10 |
| 04 May | End
of Chapter questions from Begg/Ward All students please use the exam Microeconomics WS 07/08 EFA 3 (60 ! min) - and calculate task 4 (monopoly), including the welfare für PS and monopoly |
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 |
| 11 May | 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 | |
| 18 May | 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 Gamma, 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, ...) |
| 27 May (Wednesday) | End
of Chapter questions from Begg/Ward + |
1+2 |
3+4 |
5+6 |
7+8 |
9+10 |
14
(question is about (different) arguments, not about the one correct answer) |
| 01 June | We'll discuss the tasks and exercises of chapter 11 in class -> esp. exerc. 2 ! | We'll discuss the tasks and exercises of chapter 11 in class -> esp. exerc. 2 ! | We'll discuss the tasks and exercises of chapter 11 in class -> esp. exerc. 2 ! | We'll discuss the tasks and exercises of chapter 11 in class -> esp. exerc. 2 ! | We'll discuss the tasks and exercises of chapter 11 in class -> esp. exerc. 2 ! | We'll discuss the tasks and exercises of chapter 11 in class -> esp. exerc. 2 ! | |
| 08 June | Review
++ and YOUR question |
We'll discuss the tasks of the exams in class as well as YOUR questions | We'll discuss the tasks of the exams in class as well as YOUR questions | We'll discuss the tasks of the exams in class as well as YOUR questions | We'll discuss the tasks of the exams in class as well as YOUR questions | We'll discuss the tasks of the exams in class as well as YOUR questions | We'll discuss the tasks of the exams in class as well as YOUR questions |
| 15 June | Evaluation results Topics to be covered in the exam: Contents_Commented....docx to be found in AULIS No tasks, but |
we'll
do some |
repetitions,
perhaps |
review
old exams |
-
looking |
forward
to YOUR |
questions
;-) |
| 18 June | No
tasks, but |
we'll
do some |
repetitions,
perhaps |
review
old exams |
-
looking |
forward
to YOUR |
questions
;-) |
Links:
Data Sources:
Statistics:
Alpha 
Beta 
Gamma 
Delta 
Epsilon 
Zeta
