Political Economics (E)
Niveau
1. Study cycle, Bachelor
Learning outcomes of the courses/module
The 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 meaning.
• conduct independent research on indicators important for economic growth and inflation and to present current developments in this regard.
• identify and critically reflect on both the potential and limitations of macroeconomic models.
• evaluate aspects of sustainable recycling management and assess the natural limits of economic development.
• 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 meaning.
• conduct independent research on indicators important for economic growth and inflation and to present current developments in this regard.
• identify and critically reflect on both the potential and limitations of macroeconomic models.
• evaluate aspects of sustainable recycling management and assess the natural limits of economic development.
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
• Impact of monetary and fiscal policy
• Aggregated demand and aggregated supply
• 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
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 %
Semester hours per week
Planned teaching and learning method
Blended Learning
Semester/trimester in which the course/module is offered
1
Academic year
2
Key figure of the course/module
Type of course/module
Type of course
Internship(s)
none