Fundamentals in Economics

Supply and demand, the theory of budgeting (budget preferences, budget constraint, consumer surplus, decision to purchase or save, labour supply by the consumer, etc.), decision in case of uncertainty, theory of the firm (technology, production theory and cost theory, etc.), perfect competition (profit maximization, producer surplus, etc.), monopoly, monopolistic competition, oligopolistic theory, environmental economics, empirical data of national income and expenditure, goods market, financial markets, monetary policy, inflation, unemployment, economic cycle, social balance, fiscal policy, Keynesianism vs. Neo-liberalism, economic growth and wealth, neo-Keynesian models and Phillips curve

Art der Vermittlung

Präsenzveranstaltung

Art der Veranstaltung

Pflichtfach

Empfohlene Fachliteratur

Sherman, Hunt, Nesiba, O'Hara, Wiens-Tuers (2008). Economics: An Introduction to Traditional and Progressive Views. 7th Edition, M.E. Sharpe /
Krugman, P.; Wells, R. (2015). Economics. Fourth edition, Worth Publ., New York

Lern- und Lehrmethode

Lecture, group assignments, discussion, e-learning

Prüfungsmethode

Continuous assessment in the form of group assignments (presentations, case studies on current economic policy issues), 30%
Final written exam, 70%

Voraussetzungen laut Lehrplan

none

Schnellinfos

Studiengang

European Economy and Business Management (English)

Akademischer Grad

Bachelor

ECTS Credits

3.00

Unterrichtssprache

Englisch

Studienplan

Vollzeit

Studienjahr, in dem die Lerneinheit angeboten wird

2023

Semester in dem die Lehrveranstaltung angeboten wird

1 WS

Incoming

Nein

Lernergebnisse der Lehrveranstaltung

After successful completion of this course, students will be able to explain and to analyse micro-economic and macro-economic topics that are currently discussed in the public sphere. Building on this knowledge and by employing additional discussion and reflection exercises, participants will be enabled to evaluate and criticise perspectives and economic policy recommendations of different economic theories as well as underlying conceptions.

Kennzahl der Lehrveranstaltung

1389-20-01-VZ-DE-10