level of course unit
1. Study cycle, Bachelor
Learning outcomes of course unit
The students are able to:
• Identify the essential components and institutions of an economy and explain how they work.
• Name macroeconomic indicators such as gross domestic product or consumer price index and interpret their content.
• Independently research indicators for economic growth and inflation and present current developments.
• Identify and critically reflect on both the potential and limitations of macroeconomic models.
• Evaluate aspects of sustainable recycling management and assess the natural limits of economic development.
• Discuss the main effects of fiscal and monetary policy and to take a differentiated view of the consequences of public debt.
• Understand current developments from the press on the basis of data and place them in a model context.
prerequisites and co-requisites
• Interpretation of gross domestic product and consumer price index
• Measurement of economic growth and inflation
• Tasks of central banks in relation to money supply and interest rate setting
• Impact of monetary and fiscal policy
• Aggregated demand and supply
• Fiscal and monetary policy
recommended or required reading
• The CORE Team: The Economy: Economics for a Changing World. Oxford University Press (latest edition)
• Mankiw, Greg: Economics. Cengage Learning EMEA (latest edition)
• Krugman, Paul; Wells, Robin: Economics. Worth (latest edition)
assessment methods and criteria
language of instruction
number of ECTS credits allocated
eLearning quota in percent
planned learning activities and teaching methods
semester/trimester when the course unit is delivered
name of lecturer(s)
Prof. (FH) Dr. Peter Dietrich
course unit code
type of course unit
mode of delivery