Fundamentals of Economics

Scarcity, cost, and division of labour: the problem of allocation, the determinants of market supply, the determinants of market demand, market equilibrium, the markets for factors of production, market power and extern effects, the state's role in market economy, macroeconomic analysis, macroeconomic objectives of the state, the national accounts, the basic models of macroeconomics.

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

Bofinger (2015): Grundzüge der Volkswirtschaftslehre. Pearson, Hallbergmoos.

Planned learning activities and teaching methods

Lectures

Assessment methods and criteria

final written exam

Prerequisites and co-requisites

none

Infos

Degree programme

Logistics & Transport Management (Bachelor)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

German

Curriculum

Full-Time

Academic year

2023

Semester

2 SS

Incoming

Yes

Learning outcome

After passing this course successfully students will be capable of recognising, defining and delineating the basic principles, theories, concepts and instruments of general business administration and economics. The graduates will have the skills and competence to understand issues in the context of macro-economics. In addition, graduates will be able to make informed decisions based on broad business knowledge and subsequently understand and classify detailed and expert knowledge in the special business management disciplines. Graduates will have acquired the skills to understand the tasks and instruments of economics and can estimate their benefits in operational practice.

Course code

0391-11-01-VZ-DE-20