Fundamentals of Economics

Brief description

  • Fundamentals of Economics
  • Market process
  • Division of labour
  • The market in action
  • Cartel and Monopoly
  • Labour market
  • Environmental policy and the allocative function of the state
  • Goals of Macroeconomics
  • Macroeconomic equilibrium
  • Unemployment
  • Stabilisation task of the state

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

  • Bofinger, P. (2019): Grundzüge der Volkswirtschaftslehre: Eine Einführung in die Wissenschaft von Märkten, 5. Auflage, Pearson.
  • Pindyck, R. (2018): Mikroökonomie, 9. Auflage, Pearson.
  • Blanchard, O. (2017): Makroökonomie, 7. Auflage, Pearson.

Planned learning activities and teaching methods

Lecture, discussion, practical exercises

Assessment methods and criteria

  • Exam method: written final exam (100%)
  • Assessment criteria: completeness, level of detail and complexity of answers, correctness of solutions and results, compliance with formal criteria

Prerequisites and co-requisites

-

Infos

Degree programme

Logistics & Transport Management (Bachelor)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

German

Curriculum

Full-Time

Academic year

2025

Semester

2 SS

Incoming

Yes

Learning outcome

After successful completion of the course students can

  • define the basic terms and concepts of micro- and macroeconomics
  • explain and classify macroeconomic interrelationships
  • explain and classify the effects of different economic policy measures
  • apply simple formal concepts and models of microeconomics and macroeconomics in practice.

Course code

0391-21-01-VZ-DE-20