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
Lecture:
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.