Political Economics: Growth & Money

1. Study cycle, Bachelor

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.

Managerial Economics

• 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

• 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)

Portfolio

German

4

40

3.0

Blended Learning

2

Prof. (FH) Dr. Peter Dietrich

IBS.BBB.02.03

integrated lecture

Compulsory

none