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E-Learning at
the MGSoG
Online
Course Economics
Availability:
Summer (June / July) &
Winter (December / January)
Course Duration:
6 weeks
Workload:
15 hours per week
Faculty:
B. Thijssen & M. Rehm
Assessment(s):
-
participation in
online discussion forums
-
online tests
(multiple choice)
-
online final exam
(essay question)
ECTS credits:
None
Content and
Objectives
To make the
start of our programmes
as smooth as possible, the
purpose of the
Online Course Economics
is to build basic knowledge
about Economics in general and
Public Economics in specific.
The so-called “Micro-Economics
perspective” will is used to
analyse principles like utility,
budget constraints and.
opportunity costs. These
concepts will help to understand
the mechanism of the supply and
demand model. This model is of
fundamental importance for
strategic decisions of
governments and to evaluate how
any fiscal policy will effect
the participants in a market.
Furthermore, the course will
introduce the “Public-Economics
perspective”, which focuses on a
very distinctive group of items
and policy tools that require
certain modifications of the
standard demand and supply
model. Moreover, the course will
take a “Macro-Economics
perspective” and will look at
some major economic parameters
such as Gross Domestic Product
(GDP) and inflation, which are
often used as a starting point
for changes in governmental
policies.
Literature
-
Bade, R. and Parkin, M. (2004),
Foundations of Economics,
Pearson Addison Wesley, 2nd
Edition, Chapters 1 - 7, 9 and
20 -
21
-
Waldman, D.E. (2004),
Microeconomics, Pearson Addison
Wesley/Benjamin Cummings, 1st
Edition, Chapters 19 and 21
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