Duration
Teil 1 : 30h Th, 15h Pr
Teil 2 : 14h Th, 5h Pr
Number of credits
| Bachelor in political sciences : general | 4 crédits | |||
| Bachelor in economics and business management | 5 crédits | |||
| Bachelor in business engineering | 5 crédits |
Lecturer
Teil 1 : Markus Fredebeul-Krein
Teil 2 : Markus Fredebeul-Krein
Coordinator
Language(s) of instruction
German language
Organisation and examination
Teaching in the first semester, review in January
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
Teil 1
A. Introduction
1 Basic Economic Concepts and Rules
2 Production Possibility Frontier and the Model of Labour Divison
B. Microeconomics
1 Fundamentals of Supply and Demand
2 Elasticities
3 Welfare Effects of Policy Interventions I: Price Fixing and Quotas
4 Welfare Effects of Policy Interventions II : Taxes
5 Welfare Effects of Policy Interventions III : Labour markets
6 Market Failure: Public Goods and Externalities
Teil 2
1. Production costs
2. Supply function
3. Monopolies and oligopolies
Learning outcomes of the learning unit
Teil 1
In microeconomics the course imparts basic knowledge of the principles of market economies and price formation on markets. These principles are fundamental prerequisites to understand recent problems of and challenges to economic policy. Students will be able to understand and to evaluate the implications of policy measures. This enables them to compare strategic business options for companies and to contribute to strategy development.
Teil 2
In this micro-economic part, the event conveys basic knowledge in the field of corporate behavior and Industrial Economics. In addition, the basics of pricing in monopoly and oligopoly markets are conveyed, as well as economic policy implications. This enables the students to compare strategic options for companies and to participate in the development of strategies.
Prerequisite knowledge and skills
Teil 1
None
Teil 2
Microeconomics, Part 1
Planned learning activities and teaching methods
Teil 1
Straight lessons during the lectures (2h). Exercise sessions (2h each) in small groups of students (mandatory presence in the group assigned to the student is checked). Exercises illustrate the various chapters of the course by simple numerical examples, thus giving a better understanding of the matter.
Teil 2
Straight lessons during the lectures (2h). Exercise sessions (2h each) in small groups of students (mandatory presence in the group assigned to the student is checked). Exercises illustrate the various chapters of the course by simple numerical examples, thus giving a better understanding of the matter.
Mode of delivery (face-to-face ; distance-learning)
Teil 1
Face-to-face.
Teil 2
Face-to-face.
Recommended or required readings
Teil 1
Mankiw, N. G./M.P. Taylor (2018), Grundzüge der Volkswirtschaftslehre, 7th edition, Stuttgart (Schäffer-Poeschel)
Teil 2
Mankiw, N. G./M.P. Taylor (2018), Grundzüge der Volkswirtschaftslehre, 7th edition, Stuttgart (Schäffer-Poeschel)
Assessment methods and criteria
Teil 1
Economics is a matter to judge the ability to analyse and apply a rigorous approach to problems. During the examination shall both master the tools necessary to an understanding of the economic mechanisms and be able to think quickly and speak clearly. The answers to the questions must be formulated and rigorously justified. The final score reflects a general assessment of the qualities of the student according to different information the teacher provides to run tests constituting the exam. Proper knowledge of all the material is required to obtain a score of at least the satisfaction. Conversely , deficiencies in a significant part of the course will lead to a note of weakness or failure. Written examination (80 min) of the first term. Students can obtain an exemption from the first part of the course (microeconomics) after a written test held at the end of the first half.
Teil 2
Economics is a matter to judge the ability to analyse and apply a rigorous approach to problems. During the examination shall both master the tools necessary to an understanding of the economic mechanisms and be able to think quickly and speak clearly. The answers to the questions must be formulated and rigorously justified. The final score reflects a general assessment of the qualities of the student according to different information the teacher provides to run tests constituting the exam. Proper knowledge of all the material is required to obtain a score of at least the satisfaction. Conversely , deficiencies in a significant part of the course will lead to a note of weakness or failure. Written examination (40 min) of the first term. Students can obtain an exemption from the first part of the course (microeconoms) after a written test held at the end of the first half.
Work placement(s)
Organizational remarks
Contacts
Teil 1
Markus Fredebeul-Krein
M.Fredebeul@ulg.ac.be
or
fredebeul-krein@fh-aachen.de
Mob. +49 170 8525507
Teil 2
Markus Fredebeul-Krein
M.Fredebeul@ulg.ac.be
or
fredebeul-krein@fh-aachen.de
Mob. +49 170 8525507
Items online
Teil 1
course material
course material can be found under