Economics can rightly be seen as the most influential social science in our modern society, as the economic forces are dominant in the our daily life and in our society at large. As modern citizen it seems almost a requisite to understand economics. This minor provides the opportunity to meet this need. It consist of a thorough introduction plus an exposition of one of its applications of economics by experts in the field and it adds 30 EC for your Bachelor diploma. Choose a minor in Economics in your optional course profile.
You can even continue with a master at U.S.E. after your bachelor if you choose the right elective courses.
What can you expect in this minor? The course Principles of Microeconomics provides you with the basic concepts and theories of economics as far as the decisions of individual persons and firms are concerned.
Principles of Macroeconomics analyses the development of welfare, employment and inflation. We will present a typical macroeconomic model the enables us to analyse the coherence between macroeconomic variables and the mechanisms that describe the relations between these variables. The model will enable you to gain better insights in the macroeconomic events in the word and to develop a view on potential policies to solve macroeconomic problems.
In Principles of Corporate Finance you study in which assets or projects corporations should invest to increase shareholder and stakeholder wealth, and how the corporation is going to fund these investments.
In the course Economics of the Public Sector you learn to analyse the economics of public governance at different levels (taxation, government spending, tasks of governments and so on).
The course International Economics, Spatial Interactions covers the theory and practice of globalisation, including international trade, the multinational enterprise and foreign direct investment (fragmentation, outsourcing). The main theories with respect to international trade will be analysed at length. Special attention will be given to the implications of trade for the distribution of income.
The minor economics consists of four courses. Principles of Microeconomics and Principles of Macroeconomics are required. Of the elective courses you choose two, see the options in the table below.