Political Economics & Collective Decision-making
Niveau
1. Study cycle, Bachelor
Learning outcomes of the courses/module
Students are able to
• name the essential components and institutions of a national economy and explain how they function.
• identify macroeconomic indicators such as gross domestic product or consumer price index and explain their definitions.
• conduct independent research on indicators important for economic growth and inflation and to present current developments in this regard.
• identify short- and long-term drivers of economic growth and employment
• to locate the causes of systemic instability in financial and ecological framework conditions
• name the essential components and institutions of a national economy and explain how they function.
• identify macroeconomic indicators such as gross domestic product or consumer price index and explain their definitions.
• conduct independent research on indicators important for economic growth and inflation and to present current developments in this regard.
• identify short- and long-term drivers of economic growth and employment
• to locate the causes of systemic instability in financial and ecological framework conditions
Prerequisites for the course
Course: Managerial Economics
Course content
• Interpretation of gross domestic product and consumer price index
• Measurement of economic growth and inflation
• Tasks of central banks in relation to money supply and interest rate setting
• Aggregated demand and aggregated supply
• Systemic crises related to the financial sector and environmental pollution
• Measurement of economic growth and inflation
• Tasks of central banks in relation to money supply and interest rate setting
• Aggregated demand and aggregated supply
• Systemic crises related to the financial sector and environmental pollution
Recommended specialist literature
• The CORE Team: The Economy: Economics for a Changing World. Oxford University Press (latest edition)
• Mankiw, Greg: Economics. Cengage Learning EMEA (latest edition)
• Krugman, Paul; Wells, Robin: Economics. Worth (latest edition)
• Mankiw, Greg: Economics. Cengage Learning EMEA (latest edition)
• Krugman, Paul; Wells, Robin: Economics. Worth (latest edition)
Assessment methods and criteria
Portfolio
Language
English
Number of ECTS credits awarded
3
Share of e-learning in %
40
Semester hours per week
2.0
Planned teaching and learning method
Blended Learning
Semester/trimester in which the course/module is offered
5
Name of lecturer
Prof. (FH) Dr. Peter Dietrich
Academic year
2
Key figure of the course/module
IBS.VZB.05.06
Type of course/module
integrated lecture
Type of course
Compulsory
Internship(s)
none