Economics, Political Economy

The field of study deals with the economic behavior of economic actors and its micro- and overall economic effects. It provides the necessary knowledge to understand complex economic relationships and laws in a globalized world with its numerous interconnections.

The field of study at a glance

The field of study examines, for example, which economic, political or institutional framework conditions lead to certain economic courses of action. In addition, the interaction of many individual economic decisions and their effects on the markets are analyzed.

Companies and organizations need academic specialists who think globally and decide and/or act accordingly. Experts are needed who recognize and understand global economic interrelationships, examine national and international markets, and include country-specific problems and peculiarities. Good language skills are important for this.

To this end, economics initially teaches both business and economics knowledge as well as the connections between the two disciplines. Economics, on the other hand, tries to find regularities and derives recommendations for action from them, for example on the causes of unemployment, the functioning of markets or on international economic relations.

Course offered

The program is offered predominantly at universities. Students can specialize, for example, in finance, economic policy, development economics and industrial/competitive policy. Course titles are also "Economics" and "Social Economics" as well as "Politics and Economics".

Contents of the course

The compulsory modules in the bachelor's degree in economics include the basics of business and economics, commercial law, accounting, stochastics and economic statistics. Modules from the areas of work and organizational psychology, mathematics, computer science and business ethics can also be added.

Economics, for example, is about micro- and macroeconomics, statistics, introduction to the theory of business, theory of monetary policy or currency theory.

Career opportunities after graduation

  • Economics graduates often take on tasks in middle management of commercial companies, at banks and insurance companies, research institutes, political parties, associations, chambers, national or international organizations, but also in public administration.

  • The courses of study in economics qualify students for planning, analyzing and consulting activities, e.g. in authorities, ministries, international organizations, chambers and associations, in international groups and national companies with a global connection, in banks and insurance companies as well as in corporate and political consulting.