Fundamentals of Economics

Lehrinhalte

important institutions and their tasks: European Central Bank ECB, Federal Reserve, World Bank, Bank for International Settlements BIS, International Monetary Fund IMF; supply, demand and partial equilibrium on the commodity, labour, money and capital markets; relationship of the markets in the short run (output, interest level and level of employment, price level); phenomena in the long term perspective (business cycles, inflation, Phillips curve); monetary and fiscal policy: objectives, instruments and transmission mechanism; Exchange rate regimes: supply and demand for FX, exchange rate equilibrium and exchange rate parities; financial systems: types, objectives and transmission mechanisms, stability

Art der Vermittlung

Präsenzveranstaltung

Art der Veranstaltung

Pflichtfach

Empfohlene Fachliteratur

Mankiw, N., Taylor, P., 2011, Economics, Cengage Learning

Lern- und Lehrmethode

Interactive teaching (lecture and discussion), Simulation game, Role playing game

Prüfungsmethode

Problem sets as a take home exam during the course (30%) and a final written exam (70%)

Voraussetzungen laut Lehrplan

Basic Knowledge in Economics

Schnellinfos

Studiengang

Quantitative Asset and Risk Management (Master)

Akademischer Grad

Master

ECTS Credits

3.00

Unterrichtssprache

Englisch

Studienplan

Berufsbegleitend

Studienjahr, in dem die Lerneinheit angeboten wird

2023

Semester in dem die Lehrveranstaltung angeboten wird

1 WS

Incoming

Lernergebnisse der Lehrveranstaltung

After the successful completion of the course student are able to list the most important financial institutions and illustrate their tasks. They can examine market phenomena and categorize and interpret them in the short and in the long-term perspective. Additionally, students can outline different economic models and articulate mayor implications.

Kennzahl der Lehrveranstaltung

0613-09-01-BB-EN-03