|Teaching method||Contact hours|
|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|
|dr. J Pieters|
|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.
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.
|Compulsory for:||BIN||International Development Studies||BSc||2AF|
|BGM||Health and Society||BSc||2AF|
|Compulsory for:||WUESD||BSc Minor Economics of Sustainable Development||2AF|