6 ECTS credits
178 h study time
Offer 1 with catalog number 1021454AER for all students in the 1st semester at a (A) Bachelor - preliminary level.
The conflict between (indefinite) wants and scarce resources at our disposal is the starting point of economic analysis. The micro-economic way of thinking is introduced to the students through the analysis and illustration of basic concepts and their functioning. The interaction between demand and supply as well as the resulting working of the market are introduced. Specific attention is given to the role of both the demand side (consumers) and the supply side (producers). Different market structures are discussed and analyzed (monopoly, oligopoly, monopolistic competition, perfect competition). Market failures as well as the function of government are discussed.
The course consists of lectures where the theoretical concepts are discussed, and exercises.
Students learn the economic way of thinking and basic micro-economic concepts. They can apply these concepts in realistic settings.
The final grade is composed based on the following categories:
Written Exam determines 100% of the final mark.
Within the Written Exam category, the following assignments need to be completed:
Not applicable.
This offer is part of the following study plans:
Bachelor of Business Economics: Startplan Business Economics
Bachelor of Business Economics: Business and Technology
Bachelor of Business Economics: International Business
Preparatory Programme Master of Science in International Business: Default track
Preparatory Programme Master of Science in Business Engineering: Business and Technology: Default track