WHU | Logo

Principles of the Market Economy, Group C

Course code
Course type
BSc Course
Weekly Hours
HS 2019
Prof. Dr. Ralf Fendel, Prof. Dr. Michael Frenkel
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.
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
Date Time
Thursday, 05.09.2019 08:00 - 11:15
Monday, 09.09.2019 15:30 - 18:45
Thursday, 12.09.2019 15:30 - 18:45
Wednesday, 25.09.2019 08:00 - 11:15
Tuesday, 01.10.2019 11:30 - 15:15
Tuesday, 15.10.2019 11:30 - 15:15
Friday, 20.12.2019 09:00 - 12:00
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 functioning of credit markets will be briefly introduced. 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.
Mankiw, N. G. and M. P. Taylor, Economics,4th edition, CENGAGE Learning, 2017.
WHU | Logo