Political Economics (E)
level of course unit
1. Study cycle, Bachelor
Learning 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.
• Discuss the main effects of fiscal and monetary policy and to take a differentiated view of the consequences of public debt.
• Understand current developments from the press on the basis of data and place them in a model context.
prerequisites and co-requisites
• 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 supply
• Fiscal and monetary policy
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
Online tasks, term paper, exam
language of instruction
number of ECTS credits allocated
eLearning quota in percent
planned learning activities and teaching methods
semester/trimester when the course unit is delivered
name of lecturer(s)
Prof. (FH) Dr. Peter Dietrich
course unit code
type of course unit
mode of delivery