DEC-10306 Economics A

Course

Credits 6.00

Language of instruction:

Dutch

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 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.

Activities:

Hearing lectures on the course materials. Practicals in which students make exercises on the course materials.

Examination:

Written exam.

Literature:

Krugman, P., R. Wells, and K. Graddy, Economics (European edition), Worth Publishers, 2007/8.