Having participated in this module, students have a well-founded
understanding of microeconomics and macroeconomics. They can
describe the incentives and decision making processes of firms and
consumers and are able to assess the impact of different market
environments on the resulting market equilibrium and the welfare of
an economy. Students can evaluate why certain market
environments can imply market failure and why certain regulatory
measures can be applicable. Students can evaluate the impact of
different regulatory measures on the market equilibrium and the
welfare of an economy. Their knowledge of macroeconomic models
allows them to evaluate when such models are to be used and to
discuss outcomes of such models in light of recent economic
developments. Students are able to discuss current topics in
economic policy and are able to critically evaluate proposed policy
measures and their impact for businesses and society.
- Dozent/in: Jörg Sommer