Introduction to Economics (5 ECTS)
Lecturer: T. Tuinstra, MSc (coordinator)
When: Year 2, Block 4
Brief course description: The module Introduction to Economics will discuss microeconomics and macroeconomics. This module is specifically meant for students of LLB International and European Law. It aims to provide an understanding of the theories of market mechanisms (microeconomics) and theories of the working of economics as a whole (macroeconomics). This module will prepare students for the modules International Economics I and II which will be followed later in the programme. The Microeconomics section of this module will focus on how consumer behaviour and producer behaviour together create market equilibrium. The analysis will then be extended towards markets that are characterized by market imperfections, such as monopoly, oligopoly and external effects, and the consequences of the ways in which the government interferes in these types of market. The Macroeconomics section will discuss the workings of economics as a whole by means of a description of the flows of money and goods and by using several models. These models will then be used to discuss the governments macroeconomic policy. The lectures will provide a general discussion of the study material, which will then be studied in more detail during the ensuing tutorials by means of cases.
*Official course information and schedules during the academic year can be found in Ocasys.
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