DEC-10306 Economics

Course

Credits 6.00

Teaching methodContact hours
Lecture24
Tutorial18
Independent study0
Course coordinator(s)dr. R Haagsma
Lecturer(s)dr. R Haagsma
dr. PHM van Mouche
Examiner(s)dr. R Haagsma

Language of instruction:

NL

Contents:

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 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.

Activities:

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

Examination:

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.

Literature:

Economics, Paul Krugman & Robin Wells, Fifth Edition, 2018.
ISBN-13: 978-1-319-18194-9
ISBN-10: 1-319-18194-5

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