Introduction to Economics

Faculteit Rechtsgeleerdheid
Jaar 2019/20
Vakcode RGBEO00405
Vaknaam Introduction to Economics
Niveau(s) bachelor
Voertaal Engels
Periode semester II b (block 4)

Uitgebreide vaknaam Introduction to Economics (Name will be canceled in 20/21, new name will be Markets and Regulation)
Leerdoelen After having completed this module, students will be able to
- describe the core principles of micro- and macroeconomics;
- explain how consumer and producer behavior give rise to a market equilibrium;
- clarify the various forms of market failure and the welfare impact of government interventions, using international examples;
- discuss the economy as a whole as well as policy options to address inflation and recession in a global setting;
- apply simple micro- and macro-economic techniques.
Omschrijving The central question of this course is: how does the economy work, including markets, and when is government intervention necessary? The microeconomics part of the course focuses on consumer behavior, producer behavior and market equilibrium. Different market structures (monopolies and oligopolies) and market imperfections (e.g. external effects) are discussed. The consequences of various government interventions are examined. The macroeconomics part explains the working of the economy as a whole, including the global economy, as well as policy options to address inflation and recession. This module is specifically designed for students of the International and European Law LLB programme. It prepares students for the course Economics of International Trade and International Finance later in the curriculum.
Uren per week 4
Onderwijsvorm hoorcollege, werkgroep
(7 2-hour lectures + 7 2-hour tutorials)
Toetsvorm opdracht(en), schriftelijk (essayvragen) (digitaal indien mogelijk)
Vaksoort b-niveau, niet-juridisch
Coördinator prof. dr. E. Woerdman
Docent(en) prof. dr. E. Woerdman
Verplichte literatuur
Titel Auteur ISBN Prijs
Will be published.
  • This course is only accessible for students that have obtained at least 45 EC from their first year courses at research university level or that participate in a pre-approved pre-master or decree programme.
Opgenomen in
Opleiding Jaar Periode Type
Exchange programme 1 semester II b optional
LLB International and European Law - starting from 2019-2020  (from academic year 2020-2021) 2 semester II b compulsory
LLB International and European Law - starting in 2017-2018 and earlier  (in academic year 2018-2019) 2 semester II b compulsory
LLB International and European Law - starting in 2018-2019  (in academic year 2019-2020) 2 semester II b compulsory
Open Colleges 1 semester II b keuze