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Economic Policy

Module name (EN):
Name of module in study programme. It should be precise and clear.
Economic Policy
Degree programme:
Study Programme with validity of corresponding study regulations containing this module.
Business Administration, Bachelor, ASPO 01.10.2016
Module code: BBWL-610
SAP-Submodule-No.:
The exam administration creates a SAP-Submodule-No for every exam type in every module. The SAP-Submodule-No is equal for the same module in different study programs.
P420-0165
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.
4V (4 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: 6
Mandatory course: yes
Language of instruction:
German
Assessment:
Written exam (90 min. / Can be repeated semesterly)

[updated 02.01.2019]
Applicability / Curricular relevance:
All study programs (with year of the version of study regulations) containing the course.

BBWL-610 (P420-0165) Business Administration, Bachelor, ASPO 01.10.2012 , semester 6, mandatory course
BBWL-610 (P420-0165) Business Administration, Bachelor, ASPO 01.10.2016 , semester 6, mandatory course
BBWL-2020-610 (P420-0165) Business Administration, Bachelor, ASPO 01.10.2020 , semester 6, mandatory course
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).
60 class hours (= 45 clock hours) over a 15-week period.
The total student study time is 150 hours (equivalent to 5 ECTS credits).
There are therefore 105 hours available for class preparation and follow-up work and exam preparation.
Recommended prerequisites (modules):
BBWL-250 Microeconomics
BBWL-340 Macroeconomics


[updated 10.12.2019]
Recommended as prerequisite for:
Module coordinator:
Prof. Dr. Christian Conrad
Lecturer: Prof. Dr. Christian Conrad

[updated 01.10.2016]
Learning outcomes:
After successfully completing this module, students will:
 
1. be able to explain how economic systems function (planned economy, market economy and social market economy).
2. be able to identify the reasons for allocative market failure and derive the role of the state from them.
 
3. be able to identify and apply the main restrictions of competition and the related competition policy of the Federal Republic of Germany.
 
4. be able to weigh up the advantages and disadvantages of state industrial policy.
 
5. be able to explain the reasons for economic fluctuations on the basis of economic theories.
6. be able to explain and apply foreign trade mechanisms.
 
 


[updated 02.01.2019]
Module content:
- Principles of economic policy
- Economic systems (planned economy, market economy and social market economy)
- Allocative market failure and the role of the state (e.g. environmental policy and labor market policy)
 
- Competition policy
 
- Industrial policy
- Economic policy
- Foreign trade   


[updated 02.01.2019]
Teaching methods/Media:
Lecture and tutorial  

[updated 02.01.2019]
Recommended or required reading:
- Conrad, Christian, A.: Die Notwendigkeit, die Möglichkeiten und die Grenzen
  einer internationalen Wettbewerbsordnung _ Reformansätze vor dem Hintergrund
  derzeitiger außenwirtschaftlicher Problemfelder und der Doha-Welthandelsrunde,
  Duncker & Humblot Berlin 2005.
- Fritsch, Michel/Wein, Thomas/Ewers, Hans-Jürgen: Marktversagen und
  Wirtschafspolitik, München: Vahlen, latest edition.
- Koch, Walter S./Czogalla, Christian/Ehret, Martin: Grundlagen der
  Wirtschaftspolitik, Stuttgart: Lucius & Lucius, latest edition.
- Klump, Rainer: Wirtschaftpolitik, München, latest edition.
- Schmidt, Ingo: Wettbewerbspolitik und Kartellrecht, Stuttgart: Lucius & Lucius,
  latest edition.   


[updated 02.01.2019]
 
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