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Political Economics & Collective Decision-making
level of course unit
1. Study cycle, BachelorLearning outcomes of course unit
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
• 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
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
• 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
• Aggregated demand and aggregated supply
• Systemic crises related to the financial sector and environmental pollution
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
Portfolio
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
