351-1158-00L  Principles of Economics

SemesterAutumn Semester 2021
LecturersU. Renold, T. Bolli, P. McDonald, M. E. Oswald-Egg, F. Pusterla
Periodicityyearly recurring course
Language of instructionGerman


351-1158-00 GÖkonomie
In classroom, online via livestreaming or zoom and recorded (Einführungsvorlesung 22.9. sowie Gastvorlesung 10.11.).
In classroom, online via livestreaming or zoom, not recorded (4 groups); 6 Präsenzveranstaltungen.
Online via livestreaming or zoom and recorded (1 group only zoom, this will be recorded).
2 hrs
Wed10:15-12:00HG E 41 »
10:15-12:00LEE C 104 »
10:15-12:00LEE C 114 »
10:15-12:00LEE D 101 »
10:15-12:00LEE D 105 »
10:15-12:00ML D 28 »
10:15-12:00ML E 12 »
U. Renold, T. Bolli, P. McDonald, M. E. Oswald-Egg, F. Pusterla

Catalogue data

AbstractThis course introduces basic economic concepts and theories. Beginning with microeconomics, the course starts with the topics of supply and demand, markets, and behavioral economics before moving on to the key macroeconomic concepts of national accounts, the labor market, trade, and monetary policy.
ObjectiveAfter successful completion of the course you will be able to:

-Describe the basic micro- and macroeconomic problems and theories.
-Introduce economic reasoning appropriately to a given topic.
-Evaluate economic measures.
ContentHouseholds, firms, supply and demand: How are household preferences and consumption patterns formed? How does a household react to price changes? How are goods prices formed? At what prices are companies willing to offer goods? How do we make economic decisions?

Markets: What is "perfect competition" and how does a competitive market work? Are monopolies always a bad thing? How can the state influence the market?

Market failure: What happens when prices give wrong signals?

Labour market: How do supply and demand work in the labour market? What influences unemployment?

National accounts: How big is the Swiss economy?

Foreign trade: Why do countries trade with each other? What are the consequences for the domestic market?

Money and inflation: What exactly is money? How does money creation work and what happens when there is too much (or too little) money on the market?

Students will be asked to apply these concepts to issues in their own field of study and to current issues in society. This goal will be achieved through participation in exercises, class discussions and reading material from current media. By the end of the course, students should be able to apply economic analysis confidently and independently.
Lecture notesno script available
LiteratureMankiw, N.G.: "Principles of Economics", 8th edition, South-Western College/West, Mason 2018.
Prerequisites / NoticeSie brauchen keine Vorkenntnisse, um dem Kurs zu folgen.
Subject-specific CompetenciesConcepts and Theoriesassessed
Method-specific CompetenciesAnalytical Competenciesassessed
Personal CompetenciesCritical Thinkingassessed
Self-direction and Self-management assessed

Performance assessment

Performance assessment information (valid until the course unit is held again)
Performance assessment as a semester course
In examination block forBachelor's Degree Programme in Agricultural Sciences 2015; Version 01.03.2019 (Examination Block)
Bachelor's Degree Programme in Environmental Sciences 2011; Version 12.01.2016 (Examination Block)
Bachelor's Degree Programme in Food Science 2016; Version 25.05.2023 (Examination Block)
Bachelor's Degree Programme in Geospatial Engineering 2018; Version 06.10.2021 (Examination Block 1)
ECTS credits3 credits
ExaminersU. Renold, T. Bolli, P. McDonald, M. E. Oswald-Egg, F. Pusterla
Typesession examination
Language of examinationGerman
RepetitionThe performance assessment is offered every session. Repetition possible without re-enrolling for the course unit.
Mode of examinationwritten 90 minutes
Written aidsSie dürfen eine gedruckte 30-seitige Zusammenfassung in den Raum mitbringen.
Achtung: die Zusammenfassung kann Sie unterstützen aber Sie werden eigene Antworten zu den Fragen formulieren müssen - «Copy-Paste» wird nicht ausreichen.
If the course unit is part of an examination block, the credits are allocated for the successful completion of the whole block.
This information can be updated until the beginning of the semester; information on the examination timetable is binding.

Learning materials

No public learning materials available.
Only public learning materials are listed.


No information on groups available.


There are no additional restrictions for the registration.

Offered in

Agricultural Sciences BachelorFirst Year ExaminationsOInformation
GESS Science in PerspectiveEconomicsWInformation
Food Science BachelorFirst Year ExaminationsOInformation
Geospatial Engineering BachelorExamination Block 1OInformation
Environmental Sciences BachelorCompulsoryOInformation