Foundations of Economics (ILV)


Course lecturer:

Hon.-Prof. (FH) MMag. Dr.

 Wolfgang Deutz
Course numberB3.00000.10.060
Course codeGVWL
Semester of degree program Semester 1
Mode of delivery Presencecourse
ECTS credits3,0
Language of instruction German

The aim of the course is to give a basic introduction to the economic analysis and evaluation of the behavior and decision-making of individual economic actors. Students gain a general knowledge of economic relationships and principles as a basis for economic issues. They acquire the ability to recognize and represent economic relationships and may include a clear idea of ??supply and demand and different situations of different stakeholders incentive markets. This includes the computation of market equilibria and elasticities.

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