ökb051 - Recent approaches and fields of application of economics (Complete module description)

ökb051 - Recent approaches and fields of application of economics (Complete module description)

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Module label Recent approaches and fields of application of economics
Modulkürzel ökb051
Credit points 6.0 KP
Workload 180 h
Institute directory Department of Business Administration, Economics and Law (Economics Education)
Verwendbarkeit des Moduls
  • Dual-Subject Bachelor's Programme Economic Education (Bachelor) >
  • (Extension tray) >
  • Master of Education Programme (Gymnasium) Politics-Economics (Master of Education) >
Zuständige Personen
  • Loerwald, Dirk (module responsibility)
  • Schröder, Rudolf (module responsibility)
Prerequisites
Skills to be acquired in this module
Students
- Are familiar with the lines along which economic thinking has developed
- Understand how key concepts of micro- and macro-economic theory fit into the history of economic thought
- Are familiar with theories of Institutional Economics and can apply these to the discussion of problems
- Have a basic understanding of new approaches to Game Theory, behavioural economics and experimental economic research
- Can identify similarities and differences between the various theoretical approaches
Module contents
The module comprises two lectures:

The Development of Economic Thinking, and Recent Approaches
This lecture will deal, first, with the history of economic thought and the main lines of its development. Starting with classic approaches (e.g. Smith and Ricardo), we will go on to discuss the key ideas of selected economists (e.g. Marx, Keynes, Friedman and Schumpeter). We will classify these according to the paradigms of economic theory on which they are based. Next, the lecture will focus on more recent, as well as the very latest, approaches to economics. Here we will present the main outlines of New Institutional Economics, Game Theory, Behavioural Economics and experimental economic research.

Micro-Economic Theories and Their Areas of Application
The second lecture discusses important micro-economic theories. These include approaches related to Institutional Economics (Transaction Cost Theory, Property Rights Theory, Principal Agent Theory), decision-making theories, organisational theories and resource-oriented theories. These will be discussed in a social context and also in the context of the history of economic ideas. We will also analyse the relevance of these theories to firms and the world of business today. How useful are they to the actions and decisions of business people?
Literaturempfehlungen
Links
Language of instruction German
Duration (semesters) 1 Semester
Module frequency jährlich
Module capacity unlimited
Examination Prüfungszeiten Type of examination
Final exam of module
Written exam (2 hours)
Form of instruction Seminar und Übung
SWS 4
Frequency SoSe