Economic Policy - Interaktive Studienpläne der TU Ilmenau

modules Microeconomics, Macroeconomics

Students have a command of the theoretical foundations of economic policy making. They are able to present and discuss economic policy concepts arising from micro-, macro-, institutional, and welfare economic theories. They are familiar with the goals and carriers of economic policy, organizational forms of social action, theoretical modelling of will-forming and decision-making processes in democracy, concepts of stability policy, instruments of monetary and fiscal policy, causes and effects of structural change, and fundamentals of labour market policy.  Students can detect and asses economic trends based on the appropriate indicators, evaluate fiscal, monetary as well as labor market policies.
Accompanying tutorials enable students to work independently and self-managed. They have improved their presentation skills such as presenting in a compelling manner, receiving and handling immediate feedback from the instructor and fellow students.

The course Economic Policy scrutinizes economic theories according to their feasibility in economic policy making. Referring to micro-, macro-, institutional, and welfare economic concepts, students learn to understand the complexity of economic theorizing and the challenges involved in economic policy making. The objective of this course is to teach students the skills to design and implement economic policy in a market economy. These skills include economic modelling, quantitative analysis, and also assessing the role of economic and technical change.

Script

Internet connection (suitable for HD audio and video transmission: 4 MBit/s),

End device that meets the technical requirements of the required software.

Mankiw, N. G., & Mankiw, N. G. (2007). Principles of Microeconomics.
Langdana. F. K. (2009) Macroeconomic Policy: Demystifying Monetary and Fiscal Policy
North, D. C. (1990). Institutions, Institutional Change and Economic performance. New York.
Blanchard, O., Akerlof, G. A., Romer, D., & Stiglitz, J. E. (Eds.). (2014). What have we learned?: Macroeconomic policy after the crisis. MIT Press.
Krugman, P. R., & Obstfeld, M. (2009). International Economics: Theory and policy. Pearson Education.
Just, R., Hueth, D. L., & Schmitz, A. (2008). Applied welfare economics. Edward Elgar Publishing.

Prof. Dr. Grebel, Thomas