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You are here: Home Teaching Previous Semesters Wintersemester 2016/17 Principles of Economics
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Principles of Economics

 

Principles of Economics

Prof. Dr. Bernhard Neumärker

Bianca Blum and Matthew Bonick

 

Albert-Ludwigs-Universität Freiburg
Department for Economic Policy and Constitutional Economic Theory

Schedule

Lectures: Bianca Blum and Matthew Bonick

E-mails: bianca.blum@vwl.uni-freiburg.de and matthew.bonick@vwl.uni-freiburg.de

Time: Monday, 14-16h
Room:Ph HS4 (Peterhof HS 4)

Start:

12th December 2016

 

Time: Tuesday, 16-18h
Room:KG I, HS 1009

Start:

13th December 2016

 

* Experimental sessions will take place in the PC Pool 2114a (KG 2).
 

Time:  Wednesday, 8-10h
Room:AU HS 1 (Alte Uni)

Start:

14th December 2016 

 


This course is designated for second-year students of the 
University College Freiburg (Bachelor of Arts and Liberal Sciences). It is an elective course.Modalities

  • Recommended prerequisites: None.
  • This module is entirely taught in English.
  • 6 ECTS-points.
     

Coordinator

Prof. Dr. Bernhard Neumärker
 

Downloads

 Course Structure 

 Presentation Expectations

Lecture:

Lecture 1

Lecture 2

Lecture 3

Lecture 4

Lecture 5 

Lecture 6

Lecture 7_update

Lectrue 8_update

 

Literature:

  • Literature will be provided on ILIAS.

 

Outline and References

 

I        Introduction

II      Foundations of Economics

1                    Ten Principles of Economics

III     Human Behavior and Exchange

         1          Rational Choice Theory

         2          Bounded Rationality

         3          Exchange

                     3.1 Interdependence and Gains from Trade

                     3.2 Exchange within the Edgeworth Box

                     3.3 Trust and Exchange

IV     Markets and Market Forces  

1                    Supply and Demand

2                    Elasticity

3                    Perfect Markets

3.1 Efficiency of Markets

3.2 Consumption and Production

3.3 Freiburg School of Economics

3.4 Hayek on Socialist Markets

3.5 Firms in Competitive Markets

         4          Monopolies

         5          Market Failures

                     5.1 Externalities

                     5.2 Public Goods

                     5.3 Common Goods

V Production and Growth

                     6.1 Investment and Growth

                     6.2 De Growth

                     6.3 Institutions and Growth

Liturature

1)      "Principles of Economics" by N. Gregory Mankiw, 6th edition.

2)      All other literature will be assigned over the course of the semester.

 

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