Module Handbook

  • Dynamischer Default-Fachbereich geändert auf WIW

Module WIW-VWL-WPO-M-1

Introduction to Economics and Economic Policy (M, 6.0 LP)

Module Identification

Module Number Module Name CP (Effort)
WIW-VWL-WPO-M-1 Introduction to Economics and Economic Policy 6.0 CP (180 h)

Basedata

CP, Effort 6.0 CP = 180 h
Position of the semester 1 Sem. in WiSe
Level [1] Bachelor (General)
Language [DE] German
Module Manager
Lecturers
Area of study [WIW-RE] Resource and Energy Economics
Reference course of study [WIW-82.21-SG] B.Sc. Business Studies
Livecycle-State [NORM] Active

Courses

Type/SWS Course Number Title Choice in
Module-Part
Presence-Time /
Self-Study
SL SL is
required for exa.
PL CP Sem.
4K WIW-VWL-WPO-K-1
Introduction to Economics and Economic Policy
P 60 h 120 h - - PL1 6.0 WiSe
  • About [WIW-VWL-WPO-K-1]: Title: "Introduction to Economics and Economic Policy"; Presence-Time: 60 h; Self-Study: 120 h

Examination achievement PL1

  • Form of examination: written exam (Klausur) (90 Min.)
  • Examination Frequency: each semester
  • Examination number: 32327 ("Introduction to Economic Policy")

Evaluation of grades

The grade of the module examination is also the module grade.


Contents

What is economics?
  • Demand & supply
  • Individuals & markets
  • Economics & decisions
  • Consumption theory
  • Production theory
  • Markets: beyond perfect competition
  • Microeconomics and economic policy
  • Input markets & risk
  • Introductio to macroeconomics
  • Economics in the long run: growth
  • Economics in the short run: business cycles
  • Politics of stabilization
  • Events and Ideas
  • The open economy

Competencies / intended learning achievements

After completing this module, students will be able to
  • Reflect the basic concepts of economics
  • Discuss economic issues
  • Explain sources of market failure
  • Develop an intuition for economic issues
  • Apply basic economic analyses.
  • Evaluate economic policy instruments
  • Understand and assess concepts and theories of everyday economics.

Literature

Krugman, P., Wells, R. Volkswirtschaftslehre. 2. Aufl. Schäffer & Poeschel.

Requirements for attendance of the module (informal)

None

Requirements for attendance of the module (formal)

None

References to Module / Module Number [WIW-VWL-WPO-M-1]

Course of Study Section Choice/Obligation
[CHE-88.707-SG#2020] M.Sc. Business Chemistry [2020] [Compulsory Elective Modules] Grundmodule der Wirtschaftswissenschaften [WP] Compulsory Elective
[MV-82.814-SG] B.Sc. Mechanical Engineering with a minor in Economics [Specialisation] BWL [WP] Compulsory Elective
[WIW-82.21-SG] B.Sc. Business Studies [Fundamentals] Basics in Economics [P] Compulsory
[WIW-82.789-SG] B.Sc. Business Studies with Technical Qualifications [Fundamentals] Basics in Economics [WP] Compulsory Elective
[WIW-82.177-SG] B.Sc. Business Administration and Engineering specialising in Chemistry [Fundamentals] Basics in Economics [WP] Compulsory Elective
[WIW-82.178-SG] B.Sc. Business Administration and Engineering specialising in Electrical Engineering [Fundamentals] Basics in Economics [WP] Compulsory Elective
[WIW-82.176-SG] B.Sc. Business Administration and Engineering specialising in Computer Science [Fundamentals] Basics in Economics [WP] Compulsory Elective
[WIW-82.179-SG] B.Sc. Business Administration and Engineering specialising in Mechanical Engineering [Fundamentals] Basics in Economics [WP] Compulsory Elective
[WIW-82.175-SG] B.Sc. Business Administration and Engineering specialising in Environmental and Process Engineering [Fundamentals] Basics in Economics [WP] Compulsory Elective
[WIW-82.?-SG#2021] B.Sc. Business Studies 2021 [2021] [Core Modules (non specialised)] Profile Area of Economic Sciences [WP] Compulsory Elective
[WIW-82.?-SG#2021] B.Sc. Business Studies with Technical Qualifications 2021 [2021] [Core Modules (non specialised)] Profile Area of Economic Sciences [WP] Compulsory Elective
[WIW-82.?-SG#2021] B.Sc. Business Administration and Engineering specialising in Chemistry 2021 [2021] [Core Modules (non specialised)] Profile Area of Economic Sciences [WP] Compulsory Elective
[WIW-82.?-SG#2021] B.Sc. Business Administration and Engineering specialising in Electrical Engineering 2021 [2021] [Core Modules (non specialised)] Profile Area of Economic Sciences [WP] Compulsory Elective
[WIW-82.?-SG#2021] B.Sc. Business Administration and Engineering specialising in Computer Science 2021 [2021] [Core Modules (non specialised)] Profile Area of Economic Sciences [WP] Compulsory Elective
[WIW-82.?-SG#2021] B.Sc. Business Administration and Engineering specialising in Mechanical Engineering 2021 [2021] [Core Modules (non specialised)] Profile Area of Economic Sciences [WP] Compulsory Elective
[WIW-82.?-SG#2021] B.Sc. Business Administration and Engineering specialising in Energy and Process Engineering [2021] [Core Modules (non specialised)] Profile area of Economic Sciences [WP] Compulsory Elective