Economics and Transformation

44B0864

Bachelor

English

5.0

only summer term

1 semester

In all professional areas, students are expected to have a basic understanding of economic contexts and to be able to relate and classify these to the transformation processes taking place.

Supply and Demand: How Markets Work; Principles of Game Theory; Pricing: Competition vs. Monopolies; Efficiency and Markets; Market Failure; Principles of Environmental Economics; Sustainable Transformation; Public Sector Economics; Distribution of Wealth; Labor Economics; Economic Development; Inflation and Monetary Policy; Fiscal Policy; Analysis of Transformation Processes

The total workload for the module is 150 hours (see also "ECTS credit points and grading").

• Written examination

written Exam, 2 hours

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Students will have a broad and integrated knowledge and understanding of the scope, main areas and limitations of sustainability transformation processes and economics.

Students expand their knowledge of economic interrelationships and sustainability transformation processes.

Students have the ability to classify, interpret, discuss and explain microeconomic as well as macroeconomic conditions.

Students have the ability to draw appropriate conclusions based on available empirical results; they are able to evaluate the quality of empirical results and given information; they are also able to identify the need for further research.

Students are fundamentally familiar with the requirements for microeconomic and macroeconomic data in order to draw conclusions for economic development and sustainability transformation.

Students practise the ability to classify, interpret, discuss and explain both microeconomic and macroeconomic facts and issues.

Students critically reflect on their own classifications of economic contexts and transformation processes.

• Zubek, Nana

• Zubek, Nana