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University of Oldenburg
17.01.2022 23:30:09
wir041 - Introduction to economics (Complete module description)
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Module label Introduction to economics
Module code wir041
Credit points 6.0 KP
Workload 180 h
Institute directory Department of Business Administration, Economics and Law (Business Administration and Business Education)
Applicability of the module
  • Bachelor's Programme Business Administration and Law (Bachelor) > Basiscurriculum Wirtschaftswissenschaften
  • Bachelor's Programme Business Informatics (Bachelor) > Akzentsetzungsbereich Wirtschaftswissenschaften
  • Bachelor's Programme Business Informatics (Bachelor) > Wahlbereich Informatik, Kultur und Gesellschaft
  • Bachelor's Programme Computing Science (Bachelor) > Wahlbereich Informatik, Kultur und Gesellschaft
  • Bachelor's Programme Economics and Business Administration (Bachelor) > Basismodule
  • Bachelor's Programme Mathematics (Bachelor) > Nebenfachmodule
  • Bachelor's Programme Sustainability Economics (Bachelor) > Grundlagen-/Basiscurriculum
  • Dual-Subject Bachelor's Programme Economics and Business Administration (Bachelor) > Basismodule
  • Master's Programme Business Informatics (Master) > Module der Wirtschafts- und Rechtswissenschaften (Master)
Responsible persons
Rahmeier Seyffarth, Anelise (Module counselling)
Böhringer, Christoph (Module responsibility)
Skills to be acquired in this module
By the end of the course, students shall:
  • be aware of the fundamental principles of economics
  • be able to approach basic questions of economic policy by applying concise economic reasoning and graphical intuition.
Module contents
The course introduces students to economic thinking and gives an elementary overview of the fundamental themes in economics. Key causal relationships will be verbally, analytically and graphically elucidated and underpinned with real-world examples.
Main contents:
  • Introduction to economic thinking;
  • Explanation of basic concepts of economic theory;
  • Economic cycle and national product;
  • Interdependence and trade;
  • Functioning and efficiency of markets;
  • Market failures and government activity;
  • Firms behavior in markets with diverse structures;
  • Foundations of game theory.
Reader's advisory
Mankiw, G. & Taylor, M. (2012): Grundzüge der Volkswirtschaftslehre (5. Aufl.), Schäffer-Poeschel, Stuttgart.
Samuelson, P. A. & Nordhaus, W. D. (2010): Volkswirtschaftslehre: das internationale Standardwerk der Makro- und Mikroökonomie (4. Aufl.). München: mi-Wirtschaftsbuch, Finanzbuch-Verl., München.
Weiman, J. (2009): Wirtschaftspolitik, Allokation und kollektive Entscheidung (5. Aufl.), Springer, Berlin.
Language of instruction German
Duration (semesters) 1 Semester
Module frequency jährlich
Module capacity unlimited
Reference text
The module consists of lectures and tutorials. The contents of the course will be taught in the lecture. The tutorial sessions are aimed at solving problem sets or exercises to deepen students understanding. Lecture notes and other relevant materials will be uploaded to the learning management system (Stud IP).
Modullevel / module level ---
Modulart / typ of module je nach Studiengang Pflicht oder Wahlpflicht
Lehr-/Lernform / Teaching/Learning method
Vorkenntnisse / Previous knowledge
Course type Comment SWS Frequency Workload of compulsory attendance
3 42
1 14
Total time of attendance for the module 56 h
Examination Time of examination Type of examination
Final exam of module
end of semester
written exam; voluntary contributions that improve grades may undertaken as 'portfolio-presentations' during tutorials