ökb051 - Recent approaches and fields of application of economics (Complete module description)
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 |
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Zuständige Personen |
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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 | |
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Language of instruction | German |
Duration (semesters) | 1 Semester |
Module frequency | jährlich |
Module capacity | unlimited |
Examination | Prüfungszeiten | Type of examination |
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Final exam of module | Written exam (2 hours) |
Form of instruction | Seminar und Übung |
SWS | 4 |
Frequency | SoSe |