Micro- and Macroeconomics

Department

Master's program Food Technology & Nutrition

Course unit code

24_LTE_MAS_2_11

Number of ECTS credits allocated

1.0

Name of lecturer(s)

Dr. Palan Nicole

Mode of delivery

blended learning

Recommended optional program components

none

Recommended or required reading

Mankiw, Principles of Microeconomics.
ECB: Price Stability: Why is it important for you?

see in Resources on Sakai

Additional information about examination modalities

Details will be announced at the first course meeting

Level of course unit

Master

Year of study

Spring 2026

Semester when the course unit is delivered

2

Language of instruction

English

Learning outcomes of the course unit

The students acquire a basic understanding of the central principles of economics along with the ability to identify and discuss microeconomic as well as macroeconomic concepts and rules. They receive insight into basic assumptions about the behavior of economic agents and are enabled to understand market phenomena on the basis of abstract models of individual economic decision-making. They learn how to determine an aggregate’s economic relations and to analyze and appropriately classify macroeconomic conditions. At the end of this course students are additionally prepared to identify and analyze current economic developments and implications of economic policy (e.g. how to achieve economic growth, sustainable growth, price stability and low unemployment).
Students understand trade-offs in economic policy and can name important trade-offs.

Prerequisites and co-requisites

AI1, WM1, LC, LPV, LAR, GM1

Course contents

Microeconomics:
Supply and Demand
The Importance of Competitive Markets
The Market Equilibrium

Macroeconomics:
The GDP and Economic Growth
Price Stability and Inflation
Unemployment

Planned learning activities and teaching methods

The course comprises an interactive mix of lectures, discussions and individual and group work.

Work placement(s)

none