- Familiarity with the essential concepts and theories of economics
- Assess the effects of current macroeconomic developments
- Analyze microeconomic issues
- Participate in general economic discussions
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Students know the typical areas of application of economics. They
understand the key determinants of an economy and know the relationships between economic growth, income distribution, inflation and the business cycle and can assess market potential at an international level. The definition and calculation method of gross domestic product and currency and interest rate policy are essential components, as is the international comparison of the competitiveness of countries with regard to their market and location attractiveness.
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