Studiengang Business Administration, 2. Studienjahr - HSBA

HSBA Hamburg School of Business Administration
Economics I
Module description
General
Code: EC1EN
Year of study: 2011/2012
Form of course: Obligatory
Frequency of course offer: Every second year
Prerequisites: None
Name of lecturer: Prof. Dr. Thomas Straubhaar u.a.
Language of teaching: English
ECTS credits: 5
Workload and its composition: 52 hours contact,
98 hours independent study
Contact hours: 52 hours in academic year
Methods of examination: Written examination (120 min.,
100 points)
Emphasis of the grade for the final grade: 2,7%
Aim of course
The participants should be enabled:
» to acknowledge and to understand the basics and the methodology of micro- and macroeconomics,
» to apply economic theory in order to describe and analyse market conditions, mechanisms
and to develop appropriate business strategies
» to understand and to assess the economic impact of public sector activities and economic
policy measures on efficiency and market outcomes and thereby to draw conclusions
for business administration operations.
Contents of the module
1. Introduction
2. Microeconomics: Supply, Demand and Equilibrium: How Markets Work
3. Optimization of Households and Firms: Utility and Profit
4. Market Failure and the Public Sector
5. Market Imperfections
6. Macroeconomics: Measuring the Data
Teaching and learning methods
» Lectures (English)
» Exercises
» Presentations and analysis of the current economic situation
» The participants are requested to prepare the lectures by reading the recommended textbook
and to deepen their understanding of the lectures by studying the exercises being
provided in the textbook.
Special features
Demands on company training
Micro- and macroeconomics focus on markets and their linkages and describe the economic
environment of enterprises, households, central banks and governments. Microe-
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