International Business Studies FT
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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.

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
• Impact of monetary and fiscal policy
• Aggregated demand and aggregated supply

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

English

number of ECTS credits allocated

3

eLearning quota in percent

40

course-hours-per-week (chw)

2

planned learning activities and teaching methods

Blended Learning

semester/trimester when the course unit is delivered

3

name of lecturer(s)

Prof. (FH) Dr. Peter Dietrich

year of study

2

recommended optional program components

none

course unit code

05.BV.VWG.3.2

type of course unit

integrated lecture

mode of delivery

Compulsory

work placement(s)

none