online Learning Material
Nobel Price Laureate Paul Krugman: NY Times, Robert Shiller,...
Nobel Price Laureate Joseph Stiglitz and others: Project Syndicate
Critical Cambridge Economist: Ha Joon Chang in the Guardian
50 things that made the modern Economy
Right and Left side of Economics
Neo liberal think tank: Mises Org
Weekly American radical economist Richard Wolff
Ron Paul (Tea Party vs. Paul Krugman)
Newspaper & Magazins:
The local: Austrian news in English
Business and Economic New Channel Bloomberg
The Economics Book
Der Kurier/ Wirtschaft
Game based learning:
M. Widmer: Coronavirus - its economic impact (4hrd 2019-20, Bergheidengasse)
S. Görlich: The Corona Virus - facts (4hrd 2019-20, Bergheidengasse)
Choose one of the Economists analysis on Corona and make a blog entry on your website. Don't forget to quote the Economist:
What do we need to know on the 2nd wave?
How Covid could change the financial world order?
What happens to the global economy?
How Covid will change the world?
Stockmarket vs the economy
Understanding the economic shock of Covid.
Why travel may never be the same again.
Why vaccine mistrust is growing.
Why is Americas death toll so high?
Will Covid kill globalization?
Bill Gates is predicting the end of pandemic.
What has president Trump done to America?
What a Biden victory could mean to America?
A good day has 100 Points
key words: needs, wants, micro, macro, scarcity, Production possibility curve, opportunity cost, min. max Principle, circular flow model and its conflicts
Circular Flow Model
Production Possibility Curve
Online Game PPF
key words: key measures: GDP, issues with gdp inequality, inflation, unemployement rate, Gini Coefficient, sustainability, other measures
Growth of the Economy: GDP, rate of Unemployment, rate of Inflation
Bob Kennedy on GDP Issues: environment, sustainability,...
AA: Choose one Economic System and make a short description by 17.6.2020:
What is justice?
Types of Economic Systems
Nixon und Khrushchev at the American Fair in Moscow 1959
Supply Curve, Demand curve, Market Model, Assumptions, shifts of curves, shifts on curves
Indiana Jones and the market
MR University: Demand curve, consumer surplus, shifts, supply curve, producer surplus, shifts,Market Equilibrium
How die EA become a dominant firm in the Game Development Market?
Examples for Oligopolies
Elasticity, market forms, Monopols, Market failure, competition law, EU national, cartels
Elasticity & Inelasticy
Market forms & Market failure: negative externalities, oligopolists, lemons
Business Cycle, Measurement, Economic Crises, unemployment, business cycle Policies, Supply Side Economics, Demand Side Economics (Keynesian Economics)
Future Trends as a basis for future cycles
Macro Economics & Cars
Find out about Keynesianism Economics (Demand Side Economics) and Supply side economics
Chose 1 crises and make 1-2 page description of the respective crises. In addition make a short comparison to the corona crises. Where are similarities, where are differences?
Occupation and earnings, trade unions, labour markets, unemployment, how to fight unemployment,
Social Policies: Health insurance, ...
Global Financial Crises 10 years after, what happened, Financialisation, lessons learned and evaluation
Development, Institutions, Euro, ECB, Monetary Policy, inflation, deflation
Budget, Tax System, Economic policy: government, Macro objectives, demand side, supply side,
Europe: Development, since 1960, Institutions, Policies, Future of Europe
European Council sets the directions and priorities.
It does not negotiate or adopt EU laws.
It is made up from the heads of states or government from each EU country.
It meets at least 4 times a year.
Meetings are chaired by the president of the European Council, selected every 2,5 years (currently: Donald Tusk).
Council of the European Union: negotiates and adopts EU legislation together with the EU Parliament.
It is made up from national ministers grouped together by policy area (national education ministers, finance ministers)
It develops and adopts policies, concludes agreements and budgets.
Presidency rotates among the member states every 6 month
Council of Europe in Strasbourg is not an EU institution.
It consists of 48 member states including the 27 EU states.
This is the continents leading human rights organisation.
Österreichische Gesellschaft für Europapolitik
a) Globalisations, +/-, international organisations (WTO,...), trade
b) development countries, developed countries
c) balance of payment and international trade, trade wars
History of economic thought
AA: Watch the videos below and write a short paper on International Trade & Economic development including: