Economic Policy - Interactive curriculae of TU Ilmenau

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module properties Economic Policy in degree program Master International Business Economics 2024
module number	200844
examination number	2500605
department	Department of Economic Sciences and Media
ID of group	2542 (Economic Policy)
module leader	Prof. Dr. Thomas Grebel
term	winter term only
language	English
credit points	5
on-campus program (h)	34
self-study (h)	116
obligation	elective module
exam	written examination performance, 90 minutes
details of the certificate
link to Moodle course	https://moodle2.tu-ilmenau.de/course/view.php?id=296
teacher	Prof. Dr. Grebel, Thomas
signup details for alternative examinations
maximum number of participants
previous knowledge and experience	modules Microeconomics, Macroeconomics
learning outcome	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.
content	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.
media of instruction and technical requirements for education and examination in case of online participation	Script Internet connection (suitable for HD audio and video transmission: 4 MBit/s), End device that meets the technical requirements of the required software.
literature / references	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.
evaluation of teaching