Political Economy: Growth & Money
Niveau
1st study cycle, Bachelor
Learning outcomes of the courses/module
The participants:
• can name the key components and institutions of an economy and explain how they work.
• can name and explain the substance of macroeconomic indicators such as gross domestic product or the consumer price index.
• can research indicators of economic growth and inflation and present current developments.
• can identify short- and long-term drivers of economic growth and employment.
• can locate the causes of systemic instability in financial and environmental conditions.
• are able to examine the key effects of fiscal and monetary policy and to consider the consequences of government debt in a differentiated way.
• can name the key components and institutions of an economy and explain how they work.
• can name and explain the substance of macroeconomic indicators such as gross domestic product or the consumer price index.
• can research indicators of economic growth and inflation and present current developments.
• can identify short- and long-term drivers of economic growth and employment.
• can locate the causes of systemic instability in financial and environmental conditions.
• are able to examine the key effects of fiscal and monetary policy and to consider the consequences of government debt in a differentiated way.
Prerequisites for the course
None
Course content
• Interpretation of gross domestic product and the consumer price index
• Measurement of economic growth and inflation
• Areas of responsibility of the central bank with regard to money supply and interest rate setting
• Effects of monetary and fiscal policy
• Aggregate demand and aggregate supply
• Systemic crises in connection with the financial sector and environmental pollution
• Measurement of economic growth and inflation
• Areas of responsibility of the central bank with regard to money supply and interest rate setting
• Effects of monetary and fiscal policy
• Aggregate demand and aggregate supply
• Systemic crises in connection with the financial sector and environmental pollution
Recommended specialist literature
• Mankiw, Greg; Taylor, Marc: Grundzüge der Volkswirtschaftslehre; Schäffer-Poeschel (neueste Ausgabe)
• CORE Economics Education: Die Wirtschaft: Volkswirtschaftslehre für eine sich ändernde Welt. De Gruyter Oldenbourg (neueste Ausgabe)
• Blanchard, Olivier; Illing, Gerhard: Makroökonomie. Pearson Studium (neueste Ausgabe)
• CORE Economics Education: Die Wirtschaft: Volkswirtschaftslehre für eine sich ändernde Welt. De Gruyter Oldenbourg (neueste Ausgabe)
• Blanchard, Olivier; Illing, Gerhard: Makroökonomie. Pearson Studium (neueste Ausgabe)
Assessment methods and criteria
Portfolio assessment
Language
English
Number of ECTS credits awarded
4
Semester hours per week
Planned teaching and learning method
Blended learning
Semester/trimester in which the course/module is offered
4