International Business Studies PT
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Political Economics: Growth & Money

level of course unit

1. Study cycle, Bachelor

Learning 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
• to discuss the main effects of fiscal and monetary policy and to take a differentiated perspective at the consequences of public debt.

prerequisites and co-requisites

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
• 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)

assessment methods and criteria


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

course unit code


type of course unit

integrated lecture

mode of delivery


work placement(s)