AU kursuskatalog arkiv

1010: Principles of Economics ( efterår 2010 - 10 ECTS )

Rammer for udbud

• Uddannelsessprog: dansk
• Niveau:   COURSE LEVEL: Compulsory course on the 1st sem. of the BSc in Economics and Management programme and for the 1st sem. of the Business Adminstration major (hovedfag) and 3rd sem. minor (tilvalgsfag) programmes  
• Semester/kvarter:  SEMESTER FOR WHICH THE COURSE DESCRIPTION APPLIES : Fall 2010
• Timer per uge:   NUMBER OF HOURS PER WEEK: 5 lectures + 3 hours of exercises (during  9 weeks)
• Deltagerbegrænsning:   RESTRICTIONS ON ADMISSION: None
• Undervisningssted: Århus
• Hovedområde: Det Samfundsvidenskabelige Fakultet
• Udbud ID: 23417

Formål

LEARNING OBJECTIVES:

The students are supposed to be able to

Interpret rational decisions and to evaluate and analyse rational decisions.

• Describe the economic principles (eg. the  cost-benefit principle) and apply the economic principles to analyse simple problems taken from the real world.
• Apply a number of graphical tools to analyse known economic problems from a number of areas. This includes graphical tools as eg. the 45-degrees model, the AD-AS diagram, cost curves and S-/D diagrams in a multitude of different applications. Besides the graphical tools, the student is supposed to be able to include a restricted number of mathematical approaches in the analysis.

Indhold

COURSE DESCRIPTION:

The course provides an introduction to economics building on the economics part of the Introduction course. This course deals with the first central subjects at the core of economics as well as the central economic terms and principles that are used in the analysis of micro and macroeconomic problems.

An economic approach  is emphasized when making and analyzing rational decisions. Both verbal presentations as well as graphical tools and mathematical approaches are used in this analysis.

COURSE SUBJECT AREAS:

1. Market imperfections

2. Public economics

3. Macroeconomic key variables  

4. Macroeconomics - the long run

5. Macroeconomics - the short run

6. International economics

Faglige forudsætninger

REQUIRED COURSES (progression): The five-week Introduction to Economics and Management course at the beginning of the first semester.

Underviser

LECTURER: Torben M. Andersen & Rune Vejlin

Undervisnings- og arbejdsform

TEACHING METHOD: Lectures, exercises, experiments and topical guest lectures.

TEACHING LANGUAGE: Danish

Litteratur

LITERATURE:

R. H. Frank and B. S. Bernanke (2007), Principles of Economics, McGraw-Hill 3 ^rd edition, approx. 850 pages

Notes, exercises and articles, approx. 80 pages

Studieordning og bedømmelse

2. del af sidefaget i erhvervsøkonomi

• Mundtlig, bedømt efter 7-skala med intern censur

Bacheloruddannelsen i økonomi

• Mundtlig, bedømt efter 7-skala med intern censur

Grundfaget i erhvervsøkonomi

• Mundtlig, bedømt efter 7-skala med intern censur

Sidefaget i erhvervsøkonomi

• Mundtlig, bedømt efter 7-skala med intern censur

Suppleringsuddannelsen i erhvervsøkonomi

• Mundtlig, bedømt efter 7-skala med intern censur

FORM OF ASSESSMENT: Oral exam of 20 min. duration without preparation. Topics for the exam can be taken as well from the curriculum in Principles of Economics as from the curriculum for the Introduction to Economics course. Before the oral exam can be taken it is mandatory to pass two multiple choice tests placed respectively in early November and early December.

EXAMINATION AIDS ALLOWED: None