Course for international guest/part time students
- Faculty
- Faculty of Economics
- Organization
- GTK Department of Finance and Accounting
- Code
- GTI24AN107EN
- Title
- Economics I.
- Usual semester
- Autumn
- Published semester
- 2024/25/2
- ECTS
- 3
- Language
- en
- Learning outcomes
- By the end of this course students will be familiar with the microeconomic foundations of the most important concepts of mainstream economics and their interconnections. Besides serving as theoretical background for business courses, as a way of thinking, economics also provides useful analytical tools for solving problems that may come up in the practice of business. We start the term with the principles and subject of economics, and methodologies used in this field. Then, we learn the essential models of microeconomics and their applications. We continue with the gains from trade and specialization, and study well-functioning markets. We look at welfare implications of these markets, along with the effects of government interventions on welfare. This course serves as the foundation for Economics II, a 6 credit course, which covers, among other things, different forms of market failures and the corresponding policy interventions, the theory of the firm, consumer choice, and macroeconomics. This course will be conducted 100% in English.
- Course content
- · Chapters from Principles (1-8) · Material from the lectures and seminars
- Assessment method
- Written Exams
- Bibliography
- N. Gregory Mankiw (2020) Principles of Economics. 9th Edition. Cengage Learning Inc. This book serves as the basis of introductory economics courses all around the world. This Principles book is 36 chapters long and covers both Microeconomics and Macroeconomics. There are four other versions of this book which cover subsets of these 36 chapters. Depending on which version and edition of the book you acquire, the chapter numbers will vary. A breakdown of the chapter number differences between each version of the book is posted on Moodle. If you will be taking Economics II in the spring, then the Principles version of the book is recommended.