Fundamentals in Economics
Brief description
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
Mode of delivery
Präsenzveranstaltung
Type
Pflichtfach
Recommended or required reading and other learning resources/tools
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
Planned learning activities and teaching methods
Lecture, group assignments, discussion, e-learning
Assessment methods and criteria
Continuous assessment in the form of group assignments (presentations, case studies on current economic policy issues), 30%
Final written exam, 70%
Prerequisites and co-requisites
none
Infos
Degree programme
European Economy and Business Management (English)
Cycle
Bachelor
ECTS Credits
3.00
Language of instruction
English
Curriculum
Full-Time
Academic year
2024
Semester
1 WS
Incoming
No
Learning outcome
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.
Course code
1389-20-01-VZ-DE-10