|Teaching method||Contact hours|
|Course coordinator(s)||dr. R Haagsma|
|Lecturer(s)||dr. R Haagsma|
|dr. PHM van Mouche|
|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 successful completion of this course students are expected to be able to understand and apply the basic principles of micro- and macroeconomic theory of a closed economy. In particular, students are expected to be able to:
- analyse household behaviour and consumer choice;
- analyse firm behaviour under different types of market organization;
- calculate elasticity's and optimum consumption bundles;
- establish the efficiency of perfect competition;
- analyse the incidence and efficiency of taxes and the optimum supply of public goods;
- measure (in a conceptual way) national income, inflation, and unemployment;
- understand and apply the basics of long-run economic growth.
- 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, Fifth Edition, 2018.
|Compulsory for:||BIN||International Development Studies||BSc||2AF|
|BGM||Health and Society||BSc||2AF|
|Compulsory for:||WUESD||BSc Minor Economics of Sustainable Development||2AF|