320.322 (22W) Economic education II (GWM.002)

Wintersemester 2022/23

Registration deadline has expired.

First course session
12.10.2022 14:30 - 18:30 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 50%
Hours per Week 2.0
ECTS credits 3.0
Registrations 23 (25 max.)
Organisational unit
Language of instruction English
Course begins on 12.10.2022
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.
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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 are a mix of both in class frontal lessons (50%) and online lessons (50%). Online lessons will be recorded and available on MOODLE - BBB. Flipped classroom, case studies presentations and students assessments on selected topics complete the teaching methodologies.

Course content

The course focuses on the fundamental concepts of macroeconomics. Some analytical tools are proposed to understand businesstrends and international policies, capital and workers’ flows, trans-national organizations fiscal and monetary policies, global trade and financial balances. The last part of the course sheds light on Sustainable Development theories and Circular Economy models and how they inspire economic development, enhancing standard measurements from quantitative to qualitative approaches of international growth. 

The following topics will be discussed:

-> Difference between Microeconomics and Macroeconomics

-> Concepts and history of economic systems 

-> Factors and sectors of production

-> Output growth, unemployment and inflation

-> Business cycles and Economic growth

-> Concepts, principles and dimensions of the international economy

-> The balance of payments and the balane of trade

-> 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

-> Monetary systems and financial markets

-> GDP and the Myth of Perpetual Growth

-> Beyond GDP: Quantity and quality of growth

-> The triple-bottomline 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

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

Exam information will be provided during the first lessons of the OBII course.

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 2023/24
  • 320.322 VU Ökonomische Bildung II (GWM.002) (2.0h / 3.0ECTS)
Wintersemester 2021/22
  • 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)