International Business Studies FT
Apply Icon

Political Economics (E)

level of course unit

1. Study cycle, Bachelor

Learning outcomes of course unit

The students are able to:
• identify the essential components and institutions of an economy and explain how they work.
• name macroeconomic indicators such as gross domestic product or consumer price index and interpret their content.
• independently research indicators for economic growth and inflation and present current developments.
• 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 and co-requisites

Course: Managerial Economics

course contents

• 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

recommended or required reading

• 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

Online tasks, term paper, exam

language of instruction


number of ECTS credits allocated


eLearning quota in percent


course-hours-per-week (chw)


planned learning activities and teaching methods

Blended Learning

semester/trimester when the course unit is delivered


name of lecturer(s)

Prof. (FH) Dr. Peter Dietrich

year of study


recommended optional program components


course unit code


type of course unit

integrated lecture

mode of delivery


work placement(s)