Information on individual educational components (ECTS-Course descriptions) per semester

  
Degree programme:Bachelor International Business Administration Part-time
Type of degree:FH Bachelor´s Degree Programme
 Part-time
 Summer Semester 2024
  

Course unit titleEconomics
Course unit code025008040101
Language of instructionGerman
Type of course unit (compulsory, optional)Compulsory
Semester when the course unit is deliveredSummer Semester 2024
Teaching hours per week2
Year of study2024
Level of course unit (e.g. first, second or third cycle)First Cycle (Bachelor)
Number of ECTS credits allocated3
Name of lecturer(s)Petra RADKE
Volker RADKE


Prerequisites and co-requisites

None

Course content
  • Terms and sub-areas of economics
  • Economic thinking (tasks of economics, models)
  • Basic economic terms
  • Markets (types, forms, types)
  • Basics of supply and demand on the goods market
  • Elasticities
  • Interventions in price formation
  • Market efficiency (consumer and producer surplus)
  • Functional weaknesses of markets
  • Central macroeconomic indicators: Unemployment rate, economic growth, inflation rate, current account balance, budget balance, government debt
  • Economic fluctuations (business cycle, business cycle indicators)
  • Economic policy concepts (neoclassicism, neo-Keynesianism)
  • Basics of fiscal and monetary policy
  • Analysis of macroeconomic data of different countries with country comparison
Learning outcomes

A basic understanding of economic interrelationships is one of the basic competences of graduates of all economic degree programmes. The elementary basic concepts of microeconomics and macroeconomics, knowledge of the functioning of markets, basic features of economic and business cycle policy as well as a secure handling of economic key figures are an indispensable part of the study of international business administration.

The students know the basic terms and models of price formation on the goods market. They can name central macroeconomic indicators, describe economic policy instruments and their mode of action.

The students understand the functioning and the functional weaknesses of markets as well as the mode of action of state interventions in price formation. They can explain the determination and statement of central macroeconomic indicators, distinguish between economic policy concepts and classify economic policy instruments.

The students can apply the tool of price elasticity to concrete examples and interpret the results. They can use macroeconomic indicators to examine the cyclical situation of an economy and draw comparisons.

The students are able to carry out an analysis of the cyclical development of individual national economies on the basis of macroeconomic indicators and to assess these.

Planned learning activities and teaching methods

Interactive course with lecture, case studies, exercises in individual and group work

Assessment methods and criteria

Written exam

Comment

None

Recommended or required reading

Basseler, Ulrich/Heinrich, Jürgen/Utecht, Burkhard (2010): Grundlagen und Probleme der Volkswirtschaft, Stuttgart: Schäffer Poeschel.

Bofinger, Peter (2019): Grundzüge der Volkswirtschaftslehre, München: Pearson.

Görgens, Egon; Ruckriegel, Karlheinz; Seitz, Franz (2013): Europäische Geldpolitik, Stuttgart: UTB.

Krugman, Paul; Wells, Robin (2017): Volkswirtschaftslehre, Stuttgart: Schäffer-Poeschel.

Mankiw, Gregory N.; Taylor, Mark P. (2021): Grundzüge der Volkswirtschaftslehre, Stuttgart: Schäffer-Poeschel.

Samuelson, Paul A.; Nordhaus, William D. (2016): Volkswirtschaftslehre: Das internationale Standardwerk der Mikro- und Makroökonomie, München: FinanzBuch Verlag.

Mode of delivery (face-to-face, distance learning)

Classes with compulsory attendance in individual teaching units (seminars) supplemented by asynchronous teaching units for the presentation of elementary basics, which are assumed as given knowledge

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