international service management studies at the HIB

Module Description

Module Code	BM 110
Module Title	Introductory Economics
Academic level	Level 1
Credit value	5
Instruction	German
Pre-requisites	---
Co-requisites	BM 100 - Business Context & Functions
Rationale for Module	The module introduces students to the key conceptual and analytical tools used in macro and microeconomics: economic concepts, macroeconomic data, national accounts, supply and demand, production function, costs, comparative advantage, market forms, economic systems, economic policy, and current economic issues. The module requires students to pursue independent study, to analyse specific problems from economic theory and to develop study, presentational and discursive skills in the context of applied economic questions.