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.
• 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
• 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)
• 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
Semester hours per week
Planned teaching and learning method
Blended Learning
Semester/trimester in which the course/module is offered
2