Courses Bachelor Display 2022-2023

Course Description To PDF
Course title Economics for Business Engineering
Course code BENC1005
ECTS credits 5,0
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
4 6-2-2023 31-3-2023 X X L
Level no level
Coordinator Diogo Sampaio Lima
For more information: d.sampaiolima@maastrichtuniversity.nl
Language of instruction English
Goals
* Understand the basic concepts of microeconomics
* Learn about the different types of markets structures
* Learn and apply macroeconomic principles to understand the macroeconomic performance of a country
* Learn and understand the impact of fiscal and monetary policies
Description
This course is both an introduction to microeconomics as well as macroeconomics. Microeconomics is the economics branch concerned with the decisions of individuals and how they use markets to interact. We start by learning the basic concepts of microeconomics such as supply and demand, elasticities and the variety of market structures. We then focus on macroeconomics, which deals with the aggregate behavior of the economy. We will learn about such topics as why some countries grow faster than others, how the financial and monetary system work and the influence of monetary and fiscal policy on the aggregate demand for goods and services.
Literature
Mankiw, Gregory. Principles of Economics, 9th Edition (2020)
Prerequisites
Keywords
Microeconomics, macroeconomics, law of supply and demand, elasticity, cost and production functions, market structures such as perfect competition, monopoly, oligopoly, monopolistic competition, monopsony, gross domestic and gross national products, inflation, employment and labor indicators, monetary and fiscal policies.
Teaching methods (indicative; course manual is definitive) PBL / Lecture
Assessment methods (indicative; course manual is definitive) Written Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Bachelor Business Engineering Year 1 Compulsory Course(s)