International Business Studies PT
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Political Economics

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

Managerial Economics

course contents

• 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


course-hours-per-week (chw)


planned learning activities and teaching methods

Blended Learning

semester/trimester when the course unit is delivered


name of lecturer(s)

Prof. (FH) Dr. Peter Dietrich

course unit code


type of course unit

integrated lecture

mode of delivery


work placement(s)