Economics

In this course, students learn from a theoretic and empirical point of view, how economists study gender and ethnicity in the economy. This includes considerations of the education system, the labor market, and the role of the state. The course uses applications of microeconomic theory and modern empirical methods to establish the facts about the effects of gender and ethnicity differences in the economy and to evaluate policies designed to address these effects. This course uses a flipped learning method. 

The course develops a comprehensive understanding of microeconomic analysis, including the economics of the consumer, the firm, markets and market failure, and welfare economics, building on the microeconomic content of 4QQMB102 Principles of Economics. The course outcomes include developing a critical awareness of the applications and limitations of microeconomic models in relation to policy issues in particular markets.

This course offers an introduction to various international business disciplines including international management, international finance, international marketing, international accounting, international business operations, and international business law. It examines the vision and tools required to effectively manage the challenges that globalization, changing world markets, and cultural differences demand.

This course examines issues related to the international economy. It consists of two parts, namely international trade and international finance. International trade focuses on the pattern, gains and effects of international trade. International finance explores exchange rate determination, international payment adjustment and international macroeconomic policy design.

This course develops a hands-on approach by learning and applying the methods of behavioral economics to public policy. It reviews research on human decision making from psychology, political science, organizational behavior, and economics and looks for easy‐to‐implement solutions. The course builds skills to identify human biases and creatively design behavioral interventions, policies, or products that help people make better decisions.

The course develops a systematic understanding of the key areas of the world economy – trade, investment, and finance – and how they impact on each other. Theory is applied to international economic events, issues, and trends. As the international economic environment is dynamic in nature and is impacted by real world developments in business, politics, and finance, the course coverage is updated periodically to include current real world evidence as well as recent academic and empirical findings.  As such, during the semester topics to be analyzed include Brexit (Britain’s exit from the European Union), the political economy of immigration, and the return of resource nationalism.

This course provides students with an analytical framework and empirics to think about a wide variety of issues in international finance: the current account and balance of payments accounting; inter-temporal trade; the determination of exchange rates; monetary and fiscal policy under fixed and flexible exchange rates; a number of major puzzles in international finance. When time permits, this course also covers a number of relevant current issues: sovereign default, international financial crisis, and monetary unions.

Prerequisites: Intermediate Microeconomics, Intermediate Macroeconomics, Mathematics for Economists. Please note that you must have working knowledge of calculus and statistics, because this class mainly deals with mathematical economic models.

You will explore and apply theoretical concepts of cognitive psychology to develop an understanding about what enables professionals to become top performers in their field. Throughout the course, you will develop the skill to apply theoretical concepts to(business) practice, cases, as well as to your own experiences and educational situation. This transfer will be done through modeling complex situations and formulating specific implications and recommendations. You will also learn to manage your own and others' learning with a special emphasis on feedback-seeking.

Description

PLEASE NOTE THAT THE INFORMATION ABOUT THE TEACHING AND ASSESSMENT METHOD(S) USED IN THIS COURSE IS WITH RESERVATION. A RE-EMERGENCE OF THE CORONAVIRUS AND NEW COUNTERMEASURES BY THE DUTCH GOVERNMENT MIGHT FORCE COORDINATORS TO CHANGE THE TEACHING AND ASSESSMENT METHODS USED. THE MOST UP-TO-DATE INFORMATION ABOUT THE TEACHING/ASSESSMENT METHOD(S) WILL BE AVAILABLE IN THE COURSE SYLLABUS.

When do smart people make stupid decisions? Why can't you force people to be creative? How do you become an expert at something? And why do some experts fail, make mistakes, or become overconfident in decision making? The present course analyzes and examines how people make decisions in business and everyday life. Based on insights from cognitive psychology we explore how professionals make decisions and learn in different work settings. Specifically we will study such topics as cognitive biases, creativity, learning from failure, and expertise development. The course provides a strong foundation in cognitive psychology that can contribute to your understanding in many different domains, such as (behavioral) economics, finance and marketing.

Literature

An e-reader has been compiled with introductory book chapters, academic articles and non-fiction book chapters.

Prerequisites

Students need to be interested in issues of decision-making, learning and human performance. An advanced level of English is crucial to engage in all activities in this course.