Economics for the Global Era

Vrije Universiteit Amsterdam

Course Description

  • Course Name

    Economics for the Global Era

  • Host University

    Vrije Universiteit Amsterdam

  • Location

    Amsterdam, The Netherlands

  • Area of Study

    Economics, International Economics

  • Language Level

    Taught In English

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

    6
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4
  • Overview

    COURSE OBJECTIVE
    ACADEMIC SKILLS (THREE AS)
    After successfully completing this course, the student
    • can analyze and demonstrate an understanding of economic problems from different perspectives (Analysis)
    • is able to recognize fundamental structures and to leave out irrelevant information (Abstraction)

    BRIDGING THEORY AND PRACTICE
    Student can demonstrate theoretical and empirical knowledge concerning the relevant areas in international business administration

    KNOWLEDGE
    After successfully completing this course, the student:
    • can explain the basic theories, models and concepts of economics in a global context
    • is able to make connections between those theories, models, and concepts

    APPLICATION
    After successfully completing this course, the student:
    • Is able to provide practical solutions to a case by applying theory from economics

    QUANTITATIVE SKILLS
    • is able to select the correct method and / or technique for quantifying, analyzing and solving a specific problem in economics

    COURSE CONTENT
    What are the economic fundamentals underlying the modern world economy? How is the world economy organized? During this subject you are invited to look at the world with the eye of the economist: seeing the world as the outcome of many possible alternative outcomes, recognizing the pervasiveness of choice at every level from micro to macro. In problem sets you will further develop your skills in using mathematical and graphical tools by applying them to stylized and real-world situations. Cases are an important part of the course, for illustrating economic principles but also to challenge you to use your newly acquired knowledge for better understanding.

    TEACHING METHODS
    Lectures, tutorials

    TYPE OF ASSESSMENT
    Written exam – Individual assessment
    Assignments – Group assessment
    Mandatory attendance tutorials

    RECOMMENDED BACKGROUND KNOWLEDGE
    1.1 Business Mathematics
    High-school economics
    Basic computer skills

Course Disclaimer

Courses and course hours of instruction are subject to change.

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