From 2 November 2020, the autumn semester 2020 will take place online. Exceptions: Courses that can only be carried out with on-site presence. Please note the information provided by the lecturers via e-mail.

701-0757-AAL  Principles of Economics

SemesterSpring Semester 2020
LecturersR. Schubert
Periodicityevery semester recurring course
Language of instructionEnglish
CommentEnrolment ONLY for MSc students with a decree declaring this course unit as an additional admission requirement.

Any other students (e.g. incoming exchange students, doctoral students) CANNOT enrol for this course unit.


AbstractThis course conveys the fundamental principles of micro- and macroeconomic problems and theories. The students are empowered to build convincing arguments in the area of political economy and to judge the respective policy measures.
ObjectiveStudents should be enabled to understand basic microeconomics and macroeconomics problems and theories. They should be able to argue along economic principles and to judge policy measures.
ContentSupply and demand behaviour of firm and households; market equilibrium and taxation; national income and indicators; inflation ; unemployment; growth; macroeconomics policies
LiteratureMankiw, N.G.: "Principles of Economics", forth edition, South-Western College/West, Mason 2006.
Prerequisites / NoticeStudents who want to take an exam in this course (in order to get credit points) should contact Professor Schubert in the beginning of the semester in which they want to take the exam (schubert@econ.gess.ethz.ch). Those who master the German language are supposed to participate in the regular written test every January/February or August and have to Register via mystudies.