760007 :Economie voor MAW
(Economics for the Social Sciences)

General info

Instruction language Dutch
Type of Instruction Lectures, Computer practicals (No data available yet)
Type of exams Multiple choice exam (60%) assignments (40%), Participation during practical (Examination schedule)
Level:Bachelor
Course load:5 ECTS credits
Registration:Enroll via COMAP.
Blackboard InfoLink to Blackboard (When you see 'Guest are not allowed in this course', please login at Blackboard itself)

Lecturer(s)


dr. R. Dekker (Coordinator)


Objectives

Upon completion of this course, the student can:

  • Explain the strengths and the weaknesses of the “homo economicus” model
  • Explain (graphically) the market mechanism in a situation of perfect competition and to reason out the effects of changes in demand and production costs for the equilibrium in the short and long run
  • Explain that in case of (market)power, externalities, information problems the conclusions of the perfect competition model no longer hold
  • Analyze the strategic behavior of economic actors with the help of game theory
  • Analyze the situation on the labor market with the help of economic constructs. To describe the potential effects of state intervention, economic growth, financial crises, globalization and technological progress on (un)employment
  • Recognize different points of view in the discussions on well-being, economic efficiency, (income)inequality and poverty
  • Describe the main international economic trends of the last 15 year
  • Execute a small empirical economic study
  • Evaluate the main findings of mainstream economics with the help of alternative economic theoretical approaches


Contents

The aims of this course are three-fold. Firstly, students will become familiar with the economic perspective of mainstream economics. Basic concepts like cost-benefit analysis, the homo economicus, coordination, efficiency, supply and demand, market equilibrium, elasticities, and trade-offs will be discussed and applied. The course pays specific attention to factors that deviate from the ideal-typical model of perfect competition (monopolies, strategic behavior, and information problems).

Secondly, in recent years an intense debate has emerged on the value of economics as a science. This debate is especially focused on the main ideas of mainstream economics. That’s why in this course we will explicitly pay attention to other theoretical approaches within economics. They enable a better understanding of the strengths and weaknesses of mainstream economics. Moreover, they contribute to the analysis of large societal problems like the trade-off between well-being and economic growth, (income) inequality and poverty.

Thirdly, the focus is on the labor market. Different theoretical approaches that focus on the functioning of labor markets will be outlined and applied. Subsequently, recent developments on the labor market will be analyzed in the light of state intervention, economic growth, financial crises, globalization and technological progress.


Specifics

This course is accompanied by a weekly compulsory online practicum based on aplia software. Students can participate in the practicum from home as well from a practicum hall at the university. The practicum consists among others of experiments that contribute to a better understanding of mainstream economics. This course also includes a group assignment in which with the help of SPSS a small empirical study will be executed based on ‘real’ data.

Grading: written exam (60%), weekly tests (10%), Assignment 1 (15%), Assignment 2 (15%). The results of the weekly tests count if the average score of these tests is higher than the score obtained for the written exam. If not, then the written exam (first or second opportunity) accounts for 70% of the final grade. The minimum score for the exam as well as the assignments is 5.0. Students have the opportunity to make a resit assignment that replaces assignments 1 & 2 and counts for 30% in the final grading. The validity of the exam, weekly test and  the assignments is limited to one year.


Compulsory Reading

  1. Van Staveren, Irene, Economics After The Crisis. An Introduction to Economics from a Pluralis tand Global Perspective, Routledge, 2015, ISBN 978-1-13-801612-5.


Compulsory for

  • Bachelor Organization Studies ( 2014, 2015, 2016, 2017 )
  • Bachelor Human Resource Studies ( 2014, 2015, 2016, 2017 )
  • Bachelor Sociology ( 2014, 2015, 2016, 2017 )
  • Major: Cultuur in Vergelijkend Perspectief ( 2017 )
  • Major: Grootstedelijke vraagstukken ( 2017 )
  • Major: Sociale Risico's in een Veranderende Wereld ( 2017 )

(01-nov-2017)