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Political Economics: Growth & Money

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
• to discuss the main effects of fiscal and monetary policy and to take a differentiated perspective at the consequences of public debt.

Prerequisites for the 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
• Impact of monetary and fiscal policy
• 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)

Assessment methods and criteria

Portfolio

Language

German

Number of ECTS credits awarded

4

Share of e-learning in %

40

Semester hours per week

3.0

Planned teaching and learning method

Blended Learning

Semester/trimester in which the course/module is offered

2

Name of lecturer

Prof. (FH) Dr. Peter Dietrich

Academic year

Key figure of the course/module

IBS.BBB.02.03

Type of course/module

integrated lecture

Type of course

Compulsory

Internship(s)

none