Economics & Statistics
: (0421) 5905-4691
Fax: (0421) 5905-4862
Prof. Dr. Peter Schmidt
Springterm 2014
Peter.Schmidt@hs-bremen.de
EconomicsSociety
www.schmidt-bremen.de →
Economics & Society
as a Business
Environment
Syllabus
Spring Term 2014
Contents and preliminary Time Schedule:
For the current version please refer to the webpage: www.schmidt-bremen.de - EconomicsSociety
Session
1
Date
3 Feb.
9.45-12.30
2
10 Feb.
8.15-12.30
Unit / contents
Section I: Introduction
- 10 Principles of Economics (Mankiw)
- Basic Concepts of Economics
- Chapter 1: Economics for Business
Section II: Understanding Markets
- Chapter 2: Consumers in the Market Place
- Chapter 3: Firms in the Market Place
- Chapter 4: Markets in Action
no class on 17 Feb.
3
24 Feb.
8.15-12.30
Section III: Competition and Profitability
Chapter 5: Market structure and Firm Performance
Section IV: Domestic Macroeconomics
- Chapter 9 : An introduction to the macro economy
- Chapter 10: Measuring Macroeconomic Variables and Policy Issues
no class on 3 March
4
10 March
8.15-12.30
5
17 March
8.15-12.30
24 Mar.
8.15- 9.45
Midterm Exam (topics up to chapter 5)
- Chapter 11: Expenditure and Fiscal Policy
- Chapter 12: Money, banking and interest / ECB
- Chapter 13: Inflation, Output and Economic Policy
Section V Global Economics
- 15: Exchange Rates and the Balance of Payments
- 16: Globalization
Review, questions, exam preparation
Final Exam (90 minutes)
P. Schmidt (Hochschule Bremen) @ Jacobs University
Economics & Society
Time: Mondays 8:15-12:30
Location: West Hall 7
Dates: February 3rd – March 17th 2014
Partial Grades:
The total grade consists of three parts (percentages weights in brackets):

Midterm Exam (25%)

Team presentations and individual participation in class (35%)

Final Exam (40%)
Attendance Policy
You are expected to attend each class.
Students may miss only 7% of a course (including tutorials) unexcused without their grade being
penalized. If a student misses 50% of any course, excused or unexcused, he/she automatically fails.
There will be a 5% reduction of the "Team presentations and individual participation in class" portion of
the grade for each class missed unexcused above the 7% allowance.
Official Course Description:
Mastering the allocation of resources is at the heart of business, public policy and management.
Students in this foundation track will be exposed to the fundamental concepts of economics, while
solving practical case studies using well-applied academic research. This track is ideal for students
who plan to enter a business program after their Foundation year experience.
References
Begg, D and Ward, D: “Economics for Business”
Mankiw, G: “Principles of Economics”
Baye, M: “Managerial Economics and Business Strategy”
Begg, D, Fischer, S, Dornbush, R.: “Economics”
Samuelson, P and Nordhaus, W: “Economics”
Sloman, J and Wride, A: “Economics”
Current issues:
Friedman, T.L.: “The World is Flat”,
Meadows, D, Randers, J, Meadows, D: “Limits to Growth - The 30-Year Update”
Sachs, J: “Common Wealth - Economics for a Crowded Planet”
Stiglitz, J: „Globalization and its discontents”
P. Schmidt (Hochschule Bremen) @ Jacobs University