Economics for the Global Era

2019-2020

Course Objective

ACADEMIC SKILLS (THREE AS)
After successfully completing this course, the student
• can analyze and demonstrate an understanding of economic problems from
different perspectives (Analysis)
• is able to recognize fundamental structures and to leave out
irrelevant information (Abstraction)

BRIDGING THEORY AND PRACTICE – Student can demonstrate theoretical and
empirical knowledge concerning the relevant areas in international
business administration

KNOWLEDGE
After successfully completing this course, the student:
• can explain the basic theories, models and concepts of economics in a
global context
• is able to make connections between those theories, models, and
concepts

APPLICATION
After successfully completing this course, the student:
• Is able to provide practical solutions to a case by applying theory
from economics

QUANTITATIVE SKILLS
• is able to select the correct method and / or technique for
quantifying, analyzing and solving a specific problem in economics

Course Content

What are the economic fundamentals underlying the modern world economy?
How is the world economy organized? During this subject you are invited
to look at the world with the eye of the economist: seeing the world as
the outcome of many possible alternative outcomes, recognizing the
pervasiveness of choice at every level from micro to macro. This course
will introduce you to the fundamentals and basic tools of economic
analysis. It will teach you the perspective of the economist: viewing
reality as the result of choices and the trade-offs that these choices
reflect. Using problem sets you will further develop your skills in
using mathematical and graphical tools by applying them to stylized and
real-world situations. Cases are an important part of the course, for
illustrating economic principles but also to challenge you to use your
newly acquired knowledge for better understanding..

Teaching Methods

Lectures
Tutorials

Method of Assessment

Written exam – Individual assessment
Assignments – Group assessment
Mandatory attendance and participation in tutorials

Literature

Acemoglu, Laibson and List (2018), Economics, 1st or 2nd edition with
myeconlab access code, ISBN-13: 9780134492063.

Additional (required) materials will be announced via Canvas.

Recommended background knowledge

1.1 Business Mathematics
High-school economics
Basic computer skills

General Information

Course Code E_IBA1_EGA
Credits 6 EC
Period P2
Course Level 100
Language of Tuition English
Faculty School of Business and Economics
Course Coordinator prof. dr. P.A. Gautier
Examiner prof. dr. P.A. Gautier
Teaching Staff D. Garces Urzainqui
D.C. Garcia Rojas
dr. W. Zant

Practical Information

You need to register for this course yourself

Last-minute registration is available for this course.

Teaching Methods Lecture, Study Group, Instruction course
Target audiences

This course is also available as: