320.322 (21W) Economic education II (GWM.002)

Wintersemester 2021/22

Registration deadline has expired.

First course session
12.10.2021 14:00 - 18:00 Online-Termin Off Campus
... no further dates known

Overview

Due to the COVID-19 pandemic, it may be necessary to make changes to courses and examinations at short notice (e.g. cancellation of attendance-based courses and switching to online examinations).

For further information regarding teaching on campus, please visit: https://www.aau.at/en/corona.
Lecturer
LV Nummer Südostverbund GWM02001UL
Course title german Ökonomische Bildung II (GWM.002)
Type Lecture - Practical class (continuous assessment course )
Course model Blended learning course
Online proportion 67%
Hours per Week 2.0
ECTS credits 3.0
Registrations 27 (25 max.)
Organisational unit
Language of instruction Englisch
Course begins on 12.10.2021
eLearning Go to Moodle course

Time and place

Please note that the currently displayed dates may be subject to change due to COVID-19 measures.
List of events is loading...

Course Information

Intended learning outcomes

The acquired knowledge allows students to understand the interconnections between economic variables and relationships; the tradeoff between different uses of resources; the tendency towards market equilibria; the role of fiscal and monetary policies; the complexity  of economic adjustments and the difference between their action in the short, medium and long run.

Students will be able to follow the national and international economic policy debate on topics such as: growth, unemployment, inflation, public debt and economic-political integrations. The course will stimulate students’ ability to analyze and critically evaluate economic systems and stimulate students to conceive other economic phenomena and production-consumption models, both at individual and aggregate levels.

Teaching methodology including the use of eLearning tools

Teaching classes will be in class frontal lessons (35%) and online frontal lessons (65%). They will all be recorded and available on MOODLE - BBB. Presentation of case studies, selected topics and students assessments.

Course content

The course will focus on macroeconomics and the fundamental concepts are studied. Some analytical tools are proposed to understand business trends and policies of international trade, capital and workers’ flows, trans-national organization of companies, global monetary and financial balances. The last part of the course will shed light on Sustainable Development theories and how they inspire economics, enhancing standard measurements from quantitative to qualitative approaches of international growth. 

The following topics will be discussed:

-> What is the macroeconomics and why it is useful.

-> Concepts, history and measures of economic development.

-> The functioning of the goods and factors markets.

-> Monetary systems and financial markets

-> Output growth, unemployment and inflation.

-> Business cycles and Economic growth

-> Concepts, principles and dimensions of the international economy.

-> The balance of payments.

-> Theories and realities of international trade.

-> The international mobility of labor and capital.

-> Multinational companies and global value chains.

-> Exchange rates, currency areas, monetary policies.

-> GDP and the Myth of Perpetual Growth

-> Beyond GDP: Quantity and quality of growth.

-> The triple-bottom line and sustainable businesses.

-> SDGs development goals and Agenda 2030.

-> Fair Trade, Microfinance, Ethical banking and investment. 

-> Circular economy, Green economy, Blue economy: differences and similarities.

-> The makers movement and the new industrial revolution.

Literature

Blanchard, Amighini and Giavazzi, Macroeconomics: A European Perspective, Pearson 2014.

Croushore, «Macroeconomics», Global Edition, 8/E, Pearson Higher Education. 2020

Examination information

Im Fall von online durchgeführten Prüfungen sind die Standards zu beachten, die die technischen Geräte der Studierenden erfüllen müssen, um an diesen Prüfungen teilnehmen zu können.

Examination methodology

Class attendance and active participation (20%)

Students written essay (40%)

Students presentations in ppt of selected focus topics (40%)

Examination topic(s)

-> Concepts, history and measures of economic development.

-> The functioning of the goods and factors markets.

-> Monetary systems and financial markets

-> Output growth, unemployment and inflation.

-> Business cycles and Economic growth

-> Concepts, principles and dimensions of the international economy.

-> The balance of payments.

-> Theories and realities of international trade.

-> Exchange rates, currency areas, monetary policies.

-> GDP and the Myth of Perpetual Growth

-> Beyond GDP: Quantity and quality of growth.

-> The triplebottom line and sustainable businesses.

-> SDGs development goals and Agenda 2030.

-> Circular economy, Green economy, Blue economy: differences and similarities.


Assessment criteria / Standards of assessment for examinations

written essay + oral presentation of assigned topics with power point presentation

Grading scheme

Grade / Grade grading scheme

Position in the curriculum

  • Master-Lehramtsstudium Master Unterrichtsfach Geographie und Wirtschaftskunde (SKZ: 510, Version: 19W.2)
    • Subject: Ökonomische Bildung (Compulsory subject)
      • GWM.002 Ökonomische Bildung II ( 2.0h VO, VU / 3.0 ECTS)
        • 320.322 Economic education II (GWM.002) (2.0h VU / 3.0 ECTS)
          Absolvierung im 3. Semester empfohlen

Equivalent courses for counting the examination attempts

Wintersemester 2024/25
  • 320.322 VU Ökonomische Bildung II (GWM.002) (2.0h / 3.0ECTS)
Wintersemester 2023/24
  • 320.322 VU Ökonomische Bildung II (GWM.002) (2.0h / 3.0ECTS)
Wintersemester 2022/23
  • 320.322 VU Ökonomische Bildung II (GWM.002) (2.0h / 3.0ECTS)
Wintersemester 2020/21
  • 320.322 VU Ökonomische Bildung II (GWM.002) (2.0h / 3.0ECTS)
Wintersemester 2019/20
  • 320.322 VU Ökonomische Bildung II (GWM.002) (2.0h / 3.0ECTS)