wir280 - Economic policy (Complete module description)

wir280 - Economic policy (Complete module description)

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Module label Economic policy
Modulkürzel wir280
Credit points 6.0 KP
Workload 180 h
Institute directory Department of Business Administration, Economics and Law (Economics)
Verwendbarkeit des Moduls
  • Bachelor's Programme Economics and Business Administration (Bachelor) > Studienrichtung Volkswirtschaftslehre
  • Bachelor's Programme Sustainability Economics (Bachelor) > Vertiefungsmodule
Zuständige Personen
  • Böhringer, Christoph (module responsibility)
  • Lehrenden, Die im Modul (Prüfungsberechtigt)
  • Riesenbeck, Lukas (Module counselling)
Prerequisites
Skills to be acquired in this module
With successful completion of the course, students shall:
  • understand the fundamental theories of resource allocation;
  • understand and reflect market failure arguments;
  • be able to evaluate the goals, instruments and limits of regulatory intervention to promote the sustainability of economic systems;
  • be able to analyze the effects of economic regulation with regard to efficiency and incidence by means of graphs and analytical approaches.
Module contents
Part 1: Introduction to economic policy
  • Market efficiency and market failure;
  • Theory of the public sector;
  • Collective decision making;
  • Welfare theory;
  • Market failure: external effects;
  • Market failure: public goods;
  • Market failure: asymmetric information;
  • Economic theory of natural monopoly regulation;

Part 2: European economic policy
  • Regional economic integration;
  • EU common agricultural policy;
  • EU eastward enlargement;
  • Currency union and monetary policy
Literaturempfehlungen
Part 1:
Weiman, J. (2009): Wirtschaftspolitik, Allokation und kollektive Entscheidung (5. Aufl.), Springer, Berlin.
Hindriks, J. & G. D. Myles (2013): Intermediate Public Economics (2. Aufl.), MIT Press, Cambridge.
Klump, R. (2013): Wirtschaftspolitik. Instrumente, Ziele und Institutionen (3. Aufl.), München, Deutschland: Pearson.

Part 2:
Lectures notes
Pelkmans, J. (2006): European Integration - Methods and Economic Analysis (3. Aufl.), FT Prentice Hall, Pearson Education,München.
Links
Language of instruction German
Duration (semesters) 1 Semester
Module frequency jährlich
Module capacity unlimited
Reference text
The teaching method will be mostly lectures, with few tutorial/applied/interactive sessions.
Lecture notes (slides), exercises as well as other relevant texts and links to information sources will be uploaded to the learning management system. (Stud IP).
Type of module je nach Studiengang Pflicht oder Wahlpflicht
Module level ---
Previous knowledge Einführung in die VWL (wir041), Mikroökonomische Theorie(wir120), Makroökonomische Theorie (wir110) und Mathematik für Ökonomen (mat991)
Examination Prüfungszeiten Type of examination
Final exam of module
1st date of exam: july
2nd date of exam: october
written exam
Form of instruction Lecture
SWS 4
Frequency
Workload Präsenzzeit 56 h