Fundamentals of Economics

Brief description

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

Mode of delivery

face to face

Type

compulsory

Planned learning activities and teaching methods

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

Assessment methods and criteria

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

Prerequisites and co-requisites

Basic Knowledge in Economics

Infos

Degree programme

Quantitative Asset and Risk Management (Master)

Cycle

Master

ECTS Credits

3.00

Language of instruction

English

Curriculum

Part-Time

Academic year

2023

Semester

1 WS

Incoming

Yes

Learning outcome

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.

Course code

0613-09-01-BB-EN-03

Fundamentals of Economics