DEC-10306 Economics


Credits 6.00

Teaching methodContact hours
Independent study
Course coordinator(s)dr. R Haagsma
Lecturer(s)dr. R Haagsma
dr. PHM van Mouche
dr. ir. MM van den Berg
dr. ir. MJ Voors
K Leuveld
dr. J Pieters
M Treurniet
G Beekman
Examiner(s)dr. R Haagsma

Language of instruction:



This introductory course considers the discipline of economics and provides a basic understanding of how economies function.
This requires a blend of micro- and macroeconomic theory, institutional material, and real-world applications.

Learning outcomes:

After the course, the student will be able to understand and apply the basic principles of micro- and macroeconomic theory of a closed economy. In particular, he or she will be able to:
- analyse household behaviour and consumer choice;
- analyse firm behaviour under different types of market organization;
- calculate elasticity's;
- establish the efficiency of perfect competition;
- measure (in a conceptual way) national income, inflation, and unemployment;
- employ the AD.AS model;
- study the effects of fiscal policy and monetary policy in the short run.


- hearing lectures on the course materials;
- practicals in which students make exercises on the course materials.


Written exam with closed questions. Halfway the course is an optional test (toets) with closed questions on the first half of the learning material. A mark 5.0 or higher on this test gives a waiver for the related part of the written exam; the final mark will then be an average with weights: 50% test, 50% second part of written exam.


Economics, Paul Krugman & Robin Wells, Fourth Edition, 2015.
ISBN-13: 978-1-4641-4384-7
ISBN-10: 1-4641-4384-6

Compulsory for: BINInternational Development StudiesBSc2AF
BGMHealth and SocietyBSc2AF
Compulsory for: WUESDBSc Minor Economics of Sustainable Development2AF