LucFall2015Instructor:Luc:luc.hens@vub.ac.be.Ifyoumailmeconcerningthiscourse,write“Eco-nomicsforBusinessYourfirstnameYOURLASTNAME”inthesubjectline.Website:.Containscoursearesearchguide,linkstoothereconomicssites,previou ams,andmore.Officehours:Fridays14:00–16:00,RoomC217.DuringofficehoursIwillbepleasedtospeakwithstudentswithoutanappointment.Ifyouwouldliketoseemeatanothertime,pleasearrangeforanappointmentbeforeorafterclassorby week2:Thursday24September2015,6:00-10:00pm,roomweek3:Thursday1October2015,6:00-10:00pm,roomweek4:Thursday8October2015:noclass(master’sthesisweek5:Wednesday14October2015,6:00-10:00pm,roomweek6:Thursday22October2015,6:00-10:00pm,roomweek7:Wednesday28October2015,6:00-10:00pm,roomweek8:Friday6November2015,6:00-10:00pm,roo,CourseEconomicsforBusiness(3ECTScredits)introducesstudentspursuingagrad-uatedegreeinbusinesstothepriplesofeconomics.Topicsfrommicroe-conomicslude:supplyanddemand,elasticity,applicationsofsupplyanddemand,thecostsofproduction,firmsompetitivemarkets,monopoly.Thecourseconcludeswithashortsurveyofthemacroeconomicenvironment.CourseThiscourseaimstogivestudentsinbusinessanunderstandingofhowmar-ketswork,whatmakesmarketsmoreorlesscompetitive,andhowtheexternalenvironment(themacroeconomy)influencesafirm’sdecisions.CourseThiscourserequiresthatstudentsunderstandgraphsoftwovariablesinthex–ycoordinatesystem(MankiwandTaylor,2014,Chapter2,Appendix,pp.30–40).Reviewthismaterialonyourown.Alsoreadthehandoutonpercentagespostedonthecoursehomepage.Skill(2001,pp.232–233):Accesistingknowledge:Retrieveinformationonparticulartopicsandissuesineconomics.Locatepublishedresearchineco-nomicsandrelatedfields.Trackdowneconomicdataanddatasources.Findinformationaboutthegeneration,construction,andmeaningofeconomicdata.Disycommandofexistingknowledge:Exinkeyeconomicconceptsanddescribehowtheseconceptscanbeused.Writeaprecisofapublishedjournalarticle.Summarizeinatwo-minutethecurrentconditionoftheeconomyanditsoutlook.Summarizethepripalideasofaneminenteconomist.Elaboratearecentcontroversyintheeconomicsliture.Statethedimensionsofacurrenteconomicissue.Interpretexistingknowledge:Exinandevaluatewhateco-nomicconceptsandpriplesareusedineconomicysespub-lishedindailynewspapersandweeklynewsmagazines.Describehowtheseconceptsaidinunderstandingtheseyses.Dothesamefornontechnicalyseswrittenbyeconomistsforgeneralpurposepublications(...).Interpretandmanipulateeconomicdata:Exinhowtounder-standandinterpretnumericaldatafoundinpublishedtables(...).Beabletoidentifypatternsandtrendsinpublisheddata(...).Con-structtablesfromalreadyavailabledatatoillustrateaneconomicunemployment,prices,andGDP).Exinhowtoperformandin-terpretaregressionysisthatuseseconomicdata.TherequiredtextbookisMankiwandTaylor(2014)(ISBN978–1–4080–9379–5),availableintheVUBbookstoreandonamazon(amazon.co.ukoramazon.de,about76euro).Ifyouuseanolderedition,itisyourresponsibilitytocheckthecorrespondencweentheoldandneweditions.thenewssectionfromthecoursewebsiteandverifywhathappenedduringclassesyoumissed.suchasTheFinancialTimesorTheEconomist(aweekly).RegisterfortheFinancialTimesbygoingtotheVUBlibrarywebsite:>Databases>FYoushoulduseyourVUBmailaddressasyourusername.Once,youhavefullaccesstotheFinancialTimessite( ),andyoucaneverymorningdownloadapdfofthenewspaper:gotohttp clickontheEuropeanedition;thenclickonthefloppydiskicon(topright)anothergoodsourceofnews(limitedaccesson ).Ifyoupreferreadingthepaperversions,4uCampus( tradesubjects.Iregularlypostnewsupdatesonthecoursehomepage.Keepafilewithnewspaperclipsrelatedtoeconomicssubjects;trytoorganizethemaccordingtothechapterinMankiwandTaylor(2014)theyrelateto.Carefullyreadthematerialsindicatedinthecourseschedulebeforecomingtoclass.Economicsisasequentialsubject:newtopicsbuildonconceptsintro-ducedbefore,soitiscrucialtokeepupwiththematerialaswegoalongandtoregularlyreviewconcepts.IntheEuropeanCreditTransferSystem(ECTS)theclassmeetings:anA4notebookwithsquaredpaper,arulerwithacentimeterscale,amechanicalpencil,aneraser,somecoloredpencils.Notebooksofthehavetobringthetextbooktoclass.Attendingclassesaddsvalue:conceptsarereviewed,theoryisappliedtocurrentevents,andyoucanaskquestions.whatyoulearnedlass.Problemsofthiskindmaybepartoftheexamina-tion.Idon’tdistributethesolutions.Thereasonisthatfreshmanstudentsinanotherintroductoryeconomicsclasssolvetheseproblemsintutorialsessions.IfIdistributethesolutions,soonstudentswillbesittinginthetutorialswiththesolutionsinfrontofthemandtheywon’tlearntothinkforthemselves.YouandTaylor(2014)—inSalvatoreandDiulio(2012).Theoldereditionisfine,too.Youcanbuyitusedforacoupleofeurosatamazon.co.uk.EconomicsforBusinessusesamixofinctiveclassroomlecturesandlassproblemsets.Studentsareassessedonbasisofawrittenexam.Theexamconsistsoftwoparts.Thefirst,countingforaboutone ofthetotalgrade,asksyoutoexinbrieflyanumberofbasicconcepts.Thisisintendedtofindoutwhetheryouareabletospeaktheeconomist’slanguageaccuray.AlistoftermstobestudiedisludedinAppendixA.TheglossaryisinthebackofMankiwandTaylor(2014,pp.805–813).Thesecondpart(usuallythreequestions)asksyoutoapplywhatyouhavelearnedbyworkingcasestudiesorbycommentingatlengthonstatementsfromthebusinessandfinancialpress,usingtheeconomist’syticaltoolbox.Bringthefollowingthingstotheexam:pencilsorpens(notred),andarulerwithacentimeterscale.Puteverythinginatransparantresealable(Ziploc)sticbag.Nophonesorotherelectronicdevices,nocalculator,nopencilcases,nopaper,nofood,nopapertissues(useahandkerchief).A50clwaterbottleisallowedifyouremovethelabel.Don’tmailorcallmetoinquireaboutyourgrade—Idon’tgradesbymailorbyCourseConsultthecoursehomepageregularly(atleastonceaweek)forannounce-mentsandpossibleschedulechanges.Themateriallistedshouldbereadcare-fullybeforetheclassmeeting.Studythekeyconceptslistedat chapter.ThereisalistofconceptstobeknownforthefinalexaminAppendixReadcarefully:“HowToReadThisBook”(MankiwandTaylor,2014,Chapter1,p.14)and“Appendix:GraphingandtheToolsofEconomics:ABriefReview”(MankiwandTaylor,2014,Chapter2,pp.30–40).TheMarket sofSupplyandDemand(MankiwandTaylor,2014,chapter3).Skip:“FindingPriceandtyUsingAlgebra”(p.49),“TheAlgebraofSupply”(p.54),“TheAlgebraofMarketEquilibrium”(pp.59–62)andtherelatedproblem10p.71.Workproblems7and9.Elasticityanditsapplications(MankiwandTaylor,2014,chapter4).Skip:“UsingthePoinasticityofDemandMethod”(pp.75-76),“Otherdemandelasticities”(pp.81-82)and“FYI:TheMathematicsofElasticity”(pp.90–95).Workproblems4and5.Week3(Thursday1OctoberConsumers,Producers,andtheEfficiencyofMarkets(MankiwandTaylor,2014,Chapter7).Workproblems4,5,6,9(problemsofthiskindmaybepartoftheexamination).Supply,Demand,andernmentPolicies(MankiwandTaylor,2014,Chapter8).Skip:“AnAdValoremTaxonSellers”,“TheAlgebraofaSpecificTax”,“ElasticityandTax idence”(pp.194-197).Workproblems3,4,andTheTaxSystemandtheCostsofTaxation(MankiwandTaylor,2014,Chapter9).Onlypp.203–207;skiptherestofthechapter.Workproblem1.ExternalitiesandMarketFailure(MankiwandTaylor,2014,Chapter11).Skip:“PrivateSolutionstoExternalities”(pp.244–247),“Public/PrivatePoli-ciesToward ternalities”(pp.251–254)and“ ernmentFailure”(pp.254–259).Workproblems1,2and6.Noclass:master’sthesisFirmsinCompetitiveMarkets(MankiwandTaylor,2014,Chapter6).Skip:“CostsintheShortRunandintheLongRun”(pp.145–146),“ReturnstoScale”(pp.147–153),“TheFirm’sShort-RunDecisiontoShutDown”through“TheFirm’sLong-RunDecisiontoExitorEnteraMarket”(pp.157–159),and“TheLongRun:MarketSupplyandEntryandExit”through“Whythe1,3and8.Monopoly(MankiwandTaylor,2014,Chapter14).Skip“PriceDiscrimina-tion”(pp.303–306).Workproblems1and5.pp.22–23).(Otherchapterstobeannounced.)Writtenexam.Timeandcetobeannounced.Theexamcoversallthemateriallistedinthescheduleabove(evenifwedidn’tdiscussitintheclassmeetings).Bringthefollowingthingstotheexam:yourstudentID,ame-chanicalpencil,aneraser,abluepen,somecoloredpencilsorpens(notred),andarulerwithacentimeterscale.Puteverythinginatransparantresealable(Ziploc)sticbag.Nophonesorotherelectronicdevices,nocalculator,nopencilcases,nopaper,nofood,nopapertissues(useahandkerchief).A50clwaterbottleisallowedifyouremovethelabel. tion1ofthefinalexam.TheglossaryisinMankiwandTaylor(2014,pp.Chapter3:competitivemarket,substitutes,Chapter4:priceelasticityofdemand,priceelasticityofsupply,totalexpen-ditures,totalrevenue.ablecosts,marginalcost,marginalrevenue.Chapter8:Chapter11:externality,internalizinganexternality,ovianChapter14:monopoly,naturalChapter20:grossdomesticproduct(GDP),realGDP,nominalGDP,GDPChapter21:consumerpricesindex(CPI),inflationrate,nominalinterestrate,realinterestrate.Chapter26:centra financingrate,reserverequirements,moneymultiplierChapter29:tytheoryofmoney,shoeleather Chapter30:Hansen,W.L.(2001).Expectedproficienciesforundergraduateeconomicsmajors.JournalofEconomicEducation,32(3):231–242.Mankiw,N.G.andTaylor,M.P.(2014).Economics.CengageLearning,An-dover,3rdedition.Salvatore,D.andDiulio,E.(2012).Schaum’sOutlineofPr iplesofEco-nomics.Schaum’sOutlineSeries.McGraw-Hill,NewYork,2ndedition.LucHensVrijeUniversiteit2015年秋季商業(yè)經(jīng)濟(jì)學(xué)課程大聯(lián)系講師：LucHensluc.hens@vub.ac.be。如果您向我發(fā)送有關(guān)本課程的郵件，請(qǐng)?jiān)谥黝}行中寫上“商業(yè)經(jīng)濟(jì)學(xué)Your.rstnameYOURLASTNAME”。網(wǎng)站：220159246:00-10:00，D003第三周：20151016:00-10:00，D003第4周：2015年10月8日星期四：無(wú)課（碩士博覽會(huì)）5201510146:00-10:00，QD6：2015106:00-10:00，D0037201510286:00-10:00pm，QD8：20151166:00-10:00（3ECTS）向攻讀商業(yè)研究生的學(xué)生介紹經(jīng)濟(jì)學(xué)原理。微觀經(jīng)濟(jì)學(xué)x-y（MankiwTaylor，2014230-40）。請(qǐng)自行查看此材料。另請(qǐng)閱讀課程主頁(yè)上發(fā)布的有關(guān)百分比的Hansen（2001232-233）中概述的前四種500）率、價(jià)格和GDP）之間的關(guān)系。解釋如何執(zhí)行和解釋使用經(jīng)濟(jì)數(shù)據(jù)的回歸分析。文本所需的教科書是MankiwandTaylor(2014)(ISBN978–1–4080–9379–5)，可在VUB書店和亞馬遜上購(gòu)買（amazon.co.ukamazon.de76）。如果您使用舊版本，您有責(zé)VUB圖書館網(wǎng)站注冊(cè)《金融時(shí)報(bào)》：>數(shù)據(jù)庫(kù)>F您應(yīng)該使用您的VUB郵件地址作為您的用戶名。注冊(cè)后，您就可以完全訪問《金融時(shí)報(bào)》網(wǎng)站()，并且每天早上都可以下載該報(bào)紙的pdf版本：訪問http 洲版；然后單擊.oppy磁盤圖標(biāo)（右上角）并選擇“下載報(bào)紙PDF”。《經(jīng)濟(jì)學(xué)人》周刊是另一 程主頁(yè)上發(fā)布新聞更新。保存與經(jīng)濟(jì)學(xué)主題相關(guān)的剪報(bào)的.le；嘗試根據(jù)Mankiw和Taylor(2014)中與之相關(guān)的章節(jié)來(lái)組織它們。ECTS)375-90有方格紙的A4筆記本、一把有厘米刻度的尺子、一支自動(dòng)鉛筆、一塊橡皮、一些彩色鉛筆。Atoma品牌的筆記本允許您輕松添加、刪除和重新組織頁(yè)面。你不必把課本帶到課堂上。我強(qiáng)烈鼓勵(lì)您解決其他問題。在下面的課程表中，我列出了MankiwTaylor（2014）的章末問SalvatoreDiulio(2012)MankiwTaylor(2014)是.ne。您可以在amazon.co.uk上花幾歐元購(gòu)買二手貨。AMankiwTaylor（2014805-813）的后面。第二部分（鉛筆或鋼筆（非紅色）(Ziploc)料袋中。沒有或其他電子設(shè)備，沒有計(jì)算器，沒有鉛筆盒，沒有紙，沒有食物，沒有紙巾（使用手帕）。如果撕掉標(biāo)簽，則可以使用50厘升的水瓶