Political Economics & Public Institutions
Niveau
First study cycle, Bachelor
Learning outcomes of the courses/module
The participants:
• can name the essential components and institutions of an economy and explain how they function.
• can name and substantively explain macroeconomic indicators such as gross domestic product or the consumer price index.
• are able to independently research indicators for economic growth and inflation and to present current developments.
• can identify short- and long-term drivers of economic growth and employment.
• can locate the causes of systemic instability within financial and environmental conditions.
• can name the essential components and institutions of an economy and explain how they function.
• can name and substantively explain macroeconomic indicators such as gross domestic product or the consumer price index.
• are able to independently research indicators for economic growth and inflation and to present current developments.
• can identify short- and long-term drivers of economic growth and employment.
• can locate the causes of systemic instability within financial and environmental conditions.
Prerequisites for the course
Managerial Economics & Business Decisions
Course content
• Interpretation of gross domestic product and the consumer price index
• Measurement of economic growth and inflation
• The remit of the central bank with regard to the money supply and interest-rate setting
• Aggregate demand and aggregate supply
• Systemic crises linked to the financial sector and environmental pollution
• Measurement of economic growth and inflation
• The remit of the central bank with regard to the money supply and interest-rate setting
• Aggregate demand and aggregate supply
• Systemic crises linked to the financial sector and environmental pollution
Recommended specialist literature
• Mankiw, Greg: Economics; Cengage Learning EMEA (latest edition)
• The CORE Team: The Economy: Economics for a Changing World, Oxford University Press (latest edition)
• Krugman, Paul; Wells, Robin: Economics. Worth (latest edition)
• The CORE Team: The Economy: Economics for a Changing World, Oxford University Press (latest edition)
• Krugman, Paul; Wells, Robin: Economics. Worth (latest edition)
Assessment methods and criteria
Portfolio assessment
Language
English
Number of ECTS credits awarded
2
Semester hours per week
Planned teaching and learning method
Blended learning
Semester/trimester in which the course/module is offered
2