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Political Economics (E)
level of course unit
1. Study cycle, BachelorLearning 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.
• 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
• 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)
• 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
Englishnumber of ECTS credits allocated
3eLearning quota in percent
40course-hours-per-week (chw)
2planned learning activities and teaching methods
Blended Learning
