Technische Universität Ilmenau

Economic Policy - Modultafeln of TU Ilmenau

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module properties module number 200844 - common information
module number200844
departmentDepartment of Economic Sciences and Media
ID of group2542 (Economic Policy)
module leaderProf. Dr. Thomas Grebel
languageEnglisch
term Wintersemester
previous knowledge and experience

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

Skript

Internetverbindung (geeignet ist für HD-Audio und -Video-Übertragung: 4 MBit/s),

Endgerät, welches die technischen Voraussetzung der benötigten Software erfüllt.

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
Details reference subject
module nameEconomic Policy
examination number2500605
credit points5
SWS3 (2 V, 1 Ü, 0 P)
on-campus program (h)33.75
self-study (h)116.25
obligationobligatory module
examwritten examination performance, 90 minutes
details of the certificate
alternative examination performance due to COVID-19 regulations incl. technical requirements
signup details for alternative examinations
maximum number of participants
Details in degree program Master International Business Economics 2021, Master Wirtschaftsingenieurwesen 2021
module nameEconomic Policy
examination number2500605
credit points5
on-campus program (h)67
self-study (h)83
obligationelective module
examwritten examination performance, 90 minutes
details of the certificate
alternative examination performance due to COVID-19 regulations incl. technical requirements
signup details for alternative examinations
maximum number of participants