Specific Terms in Economics

  • The Economy as a whole: sectors, business cycle models, economic policy
  • Employment policy: unemployment, poverty
  • Monetary and fiscal policy: types of taxes, tax systems
  • Trade policy: international trade, protectionism, globalisation, economic unions
  • Economic theories: classical theories, Keynesianism, monetarism, inequality debates
  • The economy and ethics, the economy and ecology
  • Business and law, e.g. Business and Crime
  • Communicative skills: Negotiation language, report-writing (introduction), team presentations (country profiles)
  • Grammar: Formal aspects of English grammar (e.g. sentence inversion, the subjunctive, emphasis structures), grammar of diplomacy
  • Academic English: Academic prose in English

Mode of delivery

face to face



Recommended or required reading and other learning resources/tools

Dubicka, Iwonna et al. (2019): Business Partners B2+, Pearson Education Limited.
MacKenzie, Ian. (2010): English for Business Studies, Cambridge University Press, 3rd edition.

Planned learning activities and teaching methods

Communicative foreign language teaching (receptive and productive skills), discussion, flipped classroom, blended learning, quizzes and knowledge queries, group work for mini case studies.

Assessment methods and criteria

Continuous assessment (student contributions in class, presentation) and written exam

Prerequisites and co-requisites

Business English Basics (Semester 1) und Business English Advanced (Semester 2)


Degree programme

Banking and Finance (Bachelor)



ECTS Credits


Language of instruction




Academic year



4 SS



Learning outcome

After successful completion of the course, students can

  • name and explain economic terms in a manner appropriate to the topics covered
  • describe and interpret subject-specific quantitative input (e.g. inflation rates)
  • present economic processes and companies
  • use terminology relevant to the subject, and use general (including advanced) business language skills
  • make use of English negotiation language and tactics
  • communicate formally and informally in writing, e.g. report-writing (market entry scenarios)
  • analyse and discuss mini-case studies on basic economic concepts (e.g. GDP, poverty definitions) and relate them to other complementary concepts

Course code