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Basic Economics

Module name (EN):
Name of module in study programme. It should be precise and clear.
Basic Economics
Degree programme:
Study Programme with validity of corresponding study regulations containing this module.
Aviation Business and Piloting (Extra-occupational), Bachelor, ASPO 01.04.2012
Module code: ABBW31.
Hours per semester week / Teaching method:
The count of hours per week is a combination of lecture (V for German Vorlesung), exercise (U for Übung), practice (P) oder project (PA). For example a course of the form 2V+2U has 2 hours of lecture and 2 hours of exercise per week.
2V (2 hours per week)
ECTS credits:
European Credit Transfer System. Points for successful completion of a course. Each ECTS point represents a workload of 30 hours.
5
Semester: 3
Mandatory course: yes
Language of instruction:
German
Assessment:
Exam

[updated 19.12.2023]
Workload:
Workload of student for successfully completing the course. Each ECTS credit represents 30 working hours. These are the combined effort of face-to-face time, post-processing the subject of the lecture, exercises and preparation for the exam.

The total workload is distributed on the semester (01.04.-30.09. during the summer term, 01.10.-31.03. during the winter term).
30 class hours (= 22.5 clock hours) over a 15-week period.
The total student study time is 150 hours (equivalent to 5 ECTS credits).
There are therefore 127.5 hours available for class preparation and follow-up work and exam preparation.
Recommended prerequisites (modules):
None.
Recommended as prerequisite for:
Module coordinator:
Prof. Dr. Petra Garnjost
Lecturer:
Prof. Dr. Christian Conrad
Prof. Dr. Petra Garnjost


[updated 10.08.2011]
Learning outcomes:
BWL section
After successfully completing this module, students will be familiar with the basic concepts of business administration and will be able to describe the money and goods cycle in a company. They will have mastered the structure of the balance sheet and the profit and loss account and will be able to carry out a cash flow statement and calculate key business figures. They will be familiar with the tasks of company management and be able to describe the management process.  Students will be able to classify business objectives according to various characteristics and apply different planning methods. They will be familiar with the various organizational models and their advantages and disadvantages, and with selected legal forms as well as their most important characteristics.
 
After successfully completing this module, students will:
- be able to think in economic and especially in business-related dimensions,
- explain the central tasks of corporate management and apply analysis, planning and control instruments, and
- be able to give an overview of constitutive decisions.
 
Economics section
Students will be able to assess the money creation potential of central and commercial banks and the monetary policy measures taken by central banks to pursue macroeconomic goals.
They will be familiar with the different exchange rate systems and the effects of government intervention on the foreign exchange markets.
Students will be familiar with economic terminology, real and monetary cycle relationships and monetary systems.


[updated 19.12.2023]
Module content:
BWL section
1. Introduction
   Company and environment
   Shareholder and stakeholder value approach
   Effects of globalization    
2. Basic concepts of accounting
   Disbursement, expenditure, expenses, costs
   Deposit, income, revenue, performance
   Operating result, cash flow, key figures
3 principles of corporate management
   Corporate goals
   Planning and decision-making
   Organization and leadership
   Control and the information economy
4 constitutive decisions
   Choosing a legal form und corporate constitution Corporate governance
 
 
Economics section
•        Basic economic concepts, in particular concepts of property
•        Economic production factors
•        Economic cycle, in particular regulatory concepts
•        Goods market pricing
•        Determining the GDP according to production, use and distribution accounting
•        Monetary order, in particular the credit money system, central bank money creation, book money creation by commercial banks
•        Monetary policy instruments of the central bank
•        Flexible and fixed exchange rate regimes

[updated 19.12.2023]
Teaching methods/Media:
Business Administration section
Lecture with integrated exercise, e-learning
 
Economics section
Presentations and exercises, e-learning


[updated 19.12.2023]
Recommended or required reading:
Business Administration section
• Schmalen, Pechtl: Grundlagen und Probleme der Betriebswirtschaft, 16. Auflage, Stuttgart 2019
• Schierenbeck: Grundzüge der Betriebswirtschaftslehre, 19. Aufl., Berlin/Boston, Oldenbourg,  2016.
• Schierenbeck: Übungsbuch zu Grundzüge der Betriebswirtschaftslehre, 10. Aufl., München/Wien, Oldenbourg 2011.
• Sterzenbach/Conrady/Fichert: Luftverkehr, 6. Auflage, Berlin, De Gruyter Oldenbourg, 2016
• Wöhe/Döring/Brösel: Einführung in die Allgemeine Betriebswirtschaftslehre, 27. Aufl., München, Vahlen,  2020
• Wöhe/Kaiser/Döring: Übungsbuch zur Einführung in die Allgemeine Betriebswirtschaftslehre, 16. Aufl., München, Vahlen, 2020
 
 
Economics section
  
Bofinger, Peter: Grundzüge der Volkswirtschaftslehre, 5. Auflage, Pearson Studium , 2019
Pindyck/Rubinfeld: Mikroökonomie, Pearson Studium, 9. Auflage, 2018
Mankiw/Taylor: Grundzüge der Volkswirtschaftslehre, Schäffer-Poeschel, 8. Auflage 2021

[updated 19.12.2023]
 
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