Courses Bachelor Display 2023-2024

Course Description To PDF
Course title Economics and Business
Course code EBC1009
ECTS credits 6,5
Assessment Whole/Half Grades
Period Start End Mon Tue Wed Thu Fri
2 30-10-2023 15-12-2023 L X X
Level Introductory
Coordinator Matthias Wibral
For more information:
Language of instruction English
Insight in basic economic concepts and tools, and the ability to apply them to the real world.
The course "Economics and Business" introduces economic principles and concepts. The following topics are addressed in lectures and tutorials: supply and demand analysis, perfect competition, trade, monopoly, oligopoly, game theory, and elements of macroeconomics.
The course will use an introductory economics text book. The book will be announced in early October.
Since Economics and Business is a first-year class, the presentation avoids the use of advanced mathematical concepts. However, knowledge of basic mathematical concepts such as solving equations, reading and working with graphs, manipulating inequalities, or basic calculus is an indispensable prerequisite.
If you feel that you have deficiencies in mathematics, here are two splendid textbooks:
(1) Chiang, A.C., & Wainwright, K. (2005): Fundamental Methods in Mathematical Economics;
(2) Sydsæter, K., Hammond, P. J., & Carvajal Andrés M. (2016). Essential mathematics for economic analysis (Fifth). Pearson Education. (available as ebook at the UM library)
In addition, an advanced level of English is required.
Teaching methods (indicative; course manual is definitive) PBL / Lecture / Assignment / Groupwork
Assessment methods (indicative; course manual is definitive) Participation / 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 International Business - Emerging Markets Year 1 Compulsory Course(s)
Bachelor International Business Year 1 Compulsory Course(s)
SBE Exchange Bachelor Bachelor Exchange Courses
SBE Exchange Master Bachelor Exchange Courses
SBE Non Degree Courses Bachelor Courses