Block

Depending on further pandemic developments, the examination will be offered either as a 60-minute written examination (written examination according to SPO § 4 Abs. 2, Pkt. 1) or as an open-book examination (alternative exam assessment according to SPO § 4 Abs. 2, Pkt. 3).

None

Basic knowledge of micro- and macroeconomics is assumed, as taught in the courses Economics I [2610012], and Economics II [2600014].

Please note that the lecture will not be held in summer semester 2021. The exam is offered. 

Description:

Theory of general economic policy and discussion of current economic policy topics:

• Goals of economic policy,
• Instruments and institutions of economic policy,
• Triad of regional, national and European economic policies,
• special fields of economic policy, in particular growth, employment, provision of public infrastructure and climate policy.

Learning objectives:

Students learn:

• To apply basic concepts of micro- and macroeconomic theories to economic policy issues.
• to develop arguments on how state intervention in the market can be legitimized from a welfare economic perspective
• to derive theory-based policy recommendations.

Learning content:

• Market interventions: microeconomic perspective
• Market interventions: macroeconomic perspective
• Institutional economic aspects
• Economic policy and welfare economics
• Economic policy makers: Political-economic aspects

Workload:

• Total effort at 4.5 LP: approx. 135 hours
• Presence time: approx. 30 hours
• Self-study: approx. 105 hours

Media:

See course announcement

References:

See course announcement