Module manual




Mathematical foundations

Teaching methods Lecture
Learning target / Competences

Students acquire fundamental scientific knowledge of economics with a focus on microeconomic and macroeconomic issues.
They acquire basic microeconomic knowledge, in particular of price formation, the functioning of markets and economic decisions by households, companies and the state, and they develop an understanding of macroeconomic relationships and economic policy decisions.
They master basic economic methods and models for analyzing and solving microeconomic and macroeconomic problems.
Through current economic case studies focusing on relevant effects on business practice, they apply the acquired knowledge to real-life situations.

Duration 1 Semester
Hours per week 4.0
Classes 60 h
Individual / Group work: 90 h
Workload 150 h
ECTS 5.0
Requirements for awarding credit points

Written exam (K90)

Responsible person

Prof. Dr. Thomas Baumgärtler

Recommended semester 2. Semester
Frequency Every sem.

Bachelo’s degree programs:
Betriebswirtschaft Logistik und Handel
Wirtschaftsinformatik plus


Introduction to Economics

Type Lecture
Nr. W0118
Hours per week 4.0
  • Basic issues of economics
  • Microeconomic models of price formation, markets and competition
  • Demand and consumption decisions of households
  • Supply of businesses
  • Market equilibrium and elasticities
  • Production and costs
  • Market forms (polypoly, monopoly, oligopoly, monopolistic competition)
  • Market failure and government market intervention
  • Macroeconomics and macroeconomic relationships
  • National accounts and gross domestic product
  • Savings, investment, production and growth
  • Labor market and unemployment
  • Money, prices and inflation
  • Business cycle and stabilization policy
  • International trade and Globalization

Bartling, Hartwig/Luzius, Franz/Fichert, Frank (2019), Grundzüge der Volkswirtschaftslehre: Einführung in die Wirtschaftstheorie und Wirtschaftspolitik, 18. ed., Vahlen, Munich.
Mankiw, N. Gregory/Taylor Mark P. (2021), Grundzüge der Volkswirtschaftslehre, 8. ed., Schäffer-Poeschel, Stuttgart.
Pindyck, Robert/Rubinfeld, Daniel (2018), Mikroökonomie, 9. ed., Pearson, Munich.
Roth, Steffen J. (2016), VWL für Einsteiger, 5. ed., UVK Verlagsgesellschaft, Konstanz und Munich.
Knieps, Günter (2008), Wettbewerbsökonomie, 3. ed., Springer, Berlin und Heidelberg.
The lecture skript and further accompanying literature will be available for download on the intranet/Moodle.