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Module Number:
| 14406
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| Module Title: | Economics |
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Volkswirtschaftslehre
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| Department: |
Faculty 5 - Business, Law and Social Sciences
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| Responsible Staff Member: | -
Prof. Dr. oec. habil. Schnellenbach, Jan
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| Language of Teaching / Examination: | English |
| Duration: | 1 semester |
| Frequency of Offer: |
Every summer semester
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| Credits: |
6
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| Learning Outcome: | After successfully completing this module, students will be able to:
- Explain key economic concepts, theories, and methods relevant to life sciences and international health, including the principles of microeconomics, macroeconomics, and environmental economics.
- Analyze the economic dimensions of societal problems, including environmental degradation, resource depletion, and health disparities, using economic tools and frameworks.
- Apply economic approaches to develop innovative solutions to real-world problems in life sciences and international health, taking into account the social, environmental, and economic implications of different policy interventions.
- Evaluate the effectiveness of economic policies and interventions aimed at addressing environmental and health challenges, using data and evidence-based reasoning.
By the end of this module, students will have gained a comprehensive understanding of how economic principles can be applied to address complex problems in life sciences and international health, and will be able to think critically about the economic dimensions of these challenges. |
| Contents: | - (Life Science and international health) forces of demand and supply
- Markets, welfare and government intervention in conjunction with the life science and international health
- Market failure and public policies
- Costs of production and firms in competitive markets with examples for life science and international health
- Monopoly and oligopoly
- Economics of labour markets
- Externalities, Cost and Pigou
- Economic analysis of environmental policy instruments
- Risk and its regulation
- Feed and tariffs
- Economics of renewable and non-renewable resources
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| Recommended Prerequisites: | None |
| Mandatory Prerequisites: | None |
| Forms of Teaching and Proportion: | -
Lecture
/ 2 Hours per Week per Semester
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Exercise
/ 2 Hours per Week per Semester
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Self organised studies
/ 120 Hours
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| Teaching Materials and Literature: | - Baumol, W.J., Blinder, A.S. (2012) Economics: Principles and Policies, 12th edition, South-Western Cengage Learning, Mason/Ohio.
- Mankiw, G.N., Taylor, M.P. (2010) Economics, South-Western Cengage Learning, Mason/Ohio.
- Endres, A. (2007): Umweltökonomie, 3. Auflage, Kohlhammer, Stuttgart.
- The Law and Economics of Public Health by Frank A. Sloan - This book provides an overview of the legal and economic aspects of public health, including the regulation of healthcare systems and the impact of law on public health outcomes
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| Module Examination: | Final Module Examination (MAP) |
| Assessment Mode for Module Examination: | |
| Evaluation of Module Examination: | Performance Verification – graded |
| Limited Number of Participants: | None |
| Part of the Study Programme: | -
Bachelor (research-oriented) /
Life Science and International Health /
PO 2025
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| Remarks: | None |
| Module Components: | - Lecture / 2 Hours per Week per Semester
- Exercise / 2 Hours per Week per Semester
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| Components to be offered in the Current Semester: | |
