Fundamentals of Economics
Economic theory illustrated in an everyday context
The module provides an overview of elementary topics in Economics. It covers basic concepts of economic theory, interdependence and trade, the functioning and efficiency of markets as well as the economic cycle and the national product. The module also addresses market failure and state activity as well as the behaviour of companies in differently structured markets. Central approaches are illustrated using everyday examples.
With globalisation, digitalisation and climate protection, the module also addresses three major economic policy issues of our time. Among other things, it deals with long-term trends in the cross-border division of labour, modern value chains, platform economies and micro- and macroeconomic aspects of the transformation towards climate neutrality.
The module is aimed at professionals who want to incorporateeconomic contexts into decision-making in their professional practice . You can take the module as certified further education or as part of the part-time Bachelor's degree programme in Business Administration. It concludes with a Certificate of Advanced Studies. The certificate is fully recognised for the Bachelor's degree programme. So you can start your studies without enrolment!
Why participants recommend us
Practical relevance
Students can work on projects from their own profession in the individual modules and can be included in examinations.
Flexible
Study when it suits your family, job and free time - the study format makes it possible. You study mainly online.