Introduction to Economics

Brief description

• Fundamentals of economic paradigms and approaches • The role of economics in society and the implications of economic systems • Functions and role of markets • Starting points and strategies in economic policy intervention and the role of the state • Measuring economic performance and growth • Stability and dynamics in growth and economic development • Distribution and its implications

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

Jäger, J. (2020). Introduction to Critical Political Economy in a multi-paradigmatic setting. In: S. Decker et. al (eds.): Principles and Pluralist Approaches in Teaching Economics. London: Routledge. Wolff, R. D./Resnick, S. A. (2012): Contending Economic Theories, MA: MIT Press.

Planned learning activities and teaching methods

Classroom teaching

Assessment methods and criteria

Written final exam (100%)

Prerequisites and co-requisites

None

Infos

Degree programme

Banking and Finance (Bachelor)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

English

Curriculum

Full-Time

Academic year

2025

Semester

3 WS

Incoming

No

Learning outcome

After successful completion of the course, students can • explain various economic paradigms and theories • name and compare approaches in economics • list implications of economic paradigms and theories for the analysis of economic developments • explain central economic areas and the role of the state and economic policy • outline the methods of measuring economic performance • describe explanations for growth dynamics and identify beneficial and detrimental factors explain central interrelationships in distribution issues

Course code

0229-19-01-VZ-DE-40