Principles of the Market Economy, Group A
Course code
ECON101
Course type
BSc Course
Weekly Hours
2,0
ECTS
3.0
Term
HS 2019
Language
Deutsch
Lecturers
Prof. Dr. Ralf Fendel
Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the International Relations Office.
Course content
1. Fundamental Elements of Economic Analysis
2. Supply, Demand, and Goods Market Equilibrium
3. Public Interventions into the Goods- and Factor Markets
4. Limitations to Competition and Competition Policy
5. Public Sector
6. Conceptional Design of Economic Policies
2. Supply, Demand, and Goods Market Equilibrium
3. Public Interventions into the Goods- and Factor Markets
4. Limitations to Competition and Competition Policy
5. Public Sector
6. Conceptional Design of Economic Policies
Class dates
| Date | Time |
|---|---|
| Thursday, 05.09.2019 | 15:30 - 18:45 |
| Wednesday, 11.09.2019 | 11:30 - 15:15 |
| Thursday, 12.09.2019 | 08:00 - 11:15 |
| Tuesday, 24.09.2019 | 11:30 - 15:15 |
| Wednesday, 02.10.2019 | 11:30 - 15:15 |
| Wednesday, 16.10.2019 | 11:30 - 15:15 |
| Friday, 20.12.2019 | 09:00 - 12:00 |
Learning outcomes
The course explains the fundamentals of economic processes in a market economy. The course first looks at basic techniques in economic analyses and then proceeds to the explanation of the determining factors of demand and supply in the goods market. Subsequently, the effects of demand and supply shocks are examined and the effects of a non-competitive market on the market equilibrium are investigated. The course also discusses which government activities can be justified within the framework of a market economy. Here, the focus is on competition policies, tax policies, social policies and general economic stabilization policies.
Literature
Mankiw, N. G. and M. P. Taylor, Economics, 4th edition, CENGAGE Learning, 2017.
Exam
Exam
Requirements
keine