Task: Introduction to several Economics Topics

- 11 Groups (each group member hands in the assignment)

- Create a presentation for the following topics

1. Austria's budget
2. Austria's financial market and 10 tips for profitable financial investments
3. AI - today, tomorrow and the day after
4. Quo vadis Austria - Austrias Economy in national and international competition
5. Cheap but expensive - the dark side of Temu and Shein
6. Sustainable economic policy
7. Donut economics
8. What does money have to do with climate change?
9. Global tax reform and zero emissions target
10. Circular economy
11. Europe's competitiveness - Draghi

- Use AI and finish the presentation today (document all tools, you are using)

- Think about 3 questions per group, which you could ask on the 23rd of October in the evening discussion. "Was hat Geld mit dem Klimawandel zu tun")

- The topics should be presented in 1 Week 16th of October

- We have our Economics Day on the 23rd of October 9 - 21h,

on other Days there will be time off

Economics this year: Key Content - Chapters

1. Introduction 1: Models, Basic Economic systems, Sustainability, Resources,... (Proposal: Game: Catan, Sustainability: River Clean UP)
2. Introduction 2: Markets, Market Model, Supply & Demand (Proposal: Card Game Supply & Demand, Visit of a Naschmarkt)
3. Business Cycles, Economic Crises, Counter Cyclical Economic Policy (Film Analysis in Roles)
4. Employment, Labour Market, trade unions and Social Policies (Proposal: Inequality CORE Chapter 1, try to collect data and analyse this)
5. Money, Inflation, Monetary Policy (Euro Activity)
6. Europe & Economics (Role play on Europe: What should Europe do?)
7. International Economics (International Trading Game - Alden or Florence University)
8. Economic Theories (Proposal: Utopia, Grenznutzengame...)

Task a) Creation of 8 Groups, who take the leadership on each Chapter for this school year: 

• Presentation on the key aspects of the Chapter
• Creation of 1 worksheet with tasks - using Complete Economics, Core (Bibliothek)
• Game or Activity

Task b): Individual task: Each student creates an own Economics Website with a free website bilder (WIX)

Anleitung https://www.youtube.com/watch?v=WkK4dtOeJ30

https://paulastoeckelle.wixsite.com/economicsstoeckelle

https://kathrinmaurer.wixsite.com/volkswirtschaft

Economics 

• Look at the Economics Websites from Paula and from Kathrin
• Create your own  WIX Website - Blog on Economics.
• Write your first Blog (1 page) on the basics of Economics, include also some aspects from the concept maps (basics) and about Doghnuts Economics (approx. 1 page)

Task Sustainability a) Create a concept Map with the following content

1) What is climate change?

2) What are the consequences of climate change?

3) What do humans have to do with climate change?

4) How does the world look like in 2100?

5) What can be done in general and especially by me?

https://orf.at/newsroom/segment/15363688

https://drive.google.com/file/d/1gTmYQqml6eqkE-BKxBd-Ku_EWzuiTr7F/view

Task: Sustainability b)

a) Identify 1 river, where we as a class can do a river clean up

b) Group of 2 select one country and write an email to 30 schools where you encourage them to perform a river clean up

CORE Economics Book

CORE-ECON The Economics Book (English) 

https://www.core-econ.org/the-economy/index.html

CORE-ECON Economics Books (German Edition)

https://www.core-econ.org/the-economy/book/de/text/0-3-contents.html 

Blogs with economic content:

Ron Paul (Tea Party vs. Paul Krugman)

https://www.youtube.com/watch?v=AJgzx88RgEw

Nobel Price Laureate Joseph Stiglitz and others: Project Syndicate

https://www.project-syndicate.org/section/economics

Nobel Price Laureate Paul Krugman: NY Times, Robert Shiller,...

https://www.nytimes.com/column/paul-krugman

Critical Cambridge Economist: Ha Joon Chang in the Guardian

https://www.theguardian.com/profile/hajoonchang

50 things that made the modern Economy

https://www.bbc.co.uk/programmes/w3csv3gv#play

https://www.intelligenteconomist.com/comparative-advantage/

Neo liberal think tank: Mises Org

https://mises.org

https://www.youtube.com/watch?v=6e_8H7E3cTo

Weekly American radical economist Richard Wolff 

https://economicupdate.podbean.com

Newspaper & Magazins:

The Guardian

https://www.theguardian.com/global-development

 The local: Austrian news in English 

https://www.thelocal.at

Business and Economic New Channel Bloomberg

https://www.bloomberg.com/europe

The Economist

https://www.economist.com

The Economics Book in different languages 

https://www.core-econ.org/the-economy/index.html

Austrian News 

Die Presse/Economist

https://diepresse.com/home/wirtschaft/index.do

Der  Standard/Wirtschaft

https://derstandard.at/Wirtschaft

Der Kurier/ Wirtschaft

https://kurier.at/wirtschaft

Businessart

http://www.businessart.at/wohlstand-fuer-alle-utopie-oder-theoretisch-moeglich

Game Based Learning Economics - Resources

http://www.econoclass.com

http://w3.marietta.edu/~delemeeg/games/

online Learning Material

https://courses.lumenlearning.com/suny-microeconomics/

IFTE Wien

https://www.wirtschaftspielendlernen.org

Task Create a Market Model for a product of your own choice (if necessary make assumptions)

https://www.modu-learn.de/verstehen/vwl/preis-mengen-diagramm/

https://www.arbeit-wirtschaft.at/inflation-in-oesterreich-alles-zur-teuerung/

Online Game

https://www.reviewecon.com/games-activities/business-cycle1

https://www.playfactile.com/k30591tla2

How die EA become a dominant firm in the Game Development Market?

https://de.wikipedia.org/wiki/Electronic_Arts#Beteiligungen_und_Übernahmen

Examples for Oligopolies 

https://www.investopedia.com/ask/answers/121514/what-are-some-current-examples-oligopolies.asp

Task: Analysis of the movie

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

https://www.trendsderzukunft.de

Macro Economics & Cars

https://www.youtube.com/watch?v=SYFYla1H7KE&index=5&list=PLjtHdTsAECMISeMDZI3BZ2OubRJivmPKF

Business Cycle

https://www.youtube.com/watch?v=vnUo82ZCo5s

Find out about Keynesianism Economics (Demand Side Economics) and Supply side economics

https://www.youtube.com/watch?v=tZvjh1dxz08

https://www.youtube.com/watch?v=xKGtmzLP8gw

Online Game

https://www.reviewecon.com/games-activities/business-cycle1

Task: Crises:

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, ...

Task: Create a Blog Entry on one of the following topics:

Paul Krugman: Disaster Economics on Economic Policies of the 2nd Trump Administration

David Card & Alan Krueger: Minimum wages, Monopsony;

Angus Deaton: measuring consumption and poverty,

Joseph Stiglitz Cost of inequality,

Piketty: economics of inequality,

Capitalism TV: Why Income inequality is a good thing,

Milton Friedman: equality and poverty ...

Task Pecunia non olet

https://oe1.orf.at/artikel/650626/Pecunia-non-olet-Zur-Geschichte-des-Geldes

Form 10 Groups of 2-3 students and ...

Create a Podcast for the following historical stage of money

1. Barter trade
2. Commodity money
3. Coin money
4. Paper money
5. Checks and bills of exchange
6. Book money
7. Plastic money
8. Mobile money
9. Crypto Currency
10. Digital Euro

Task Europe: In Group of 2 create a Video (PPT as MP4) on the following subjects:

Module 1: History of the EU, How and why did the European Union come into being?What were and are important goals of the EU? ... Podcast Stiefel Hürdenreiches Europa 

Module 2: You and the EU - impact on your life: Which issues is the EU responsible for and which is it not?In which areas does the EU have an influence on your everyday life?

Module 3: How does the EU work? What are the most important institutions of the EU?How is a European law created?

Module 4: Austria and the EU: How is Austria represented in the European institutions?What Austrian institutions are there with information on the EU? 

Module 5: European values: What values unite the European Member States?What is the importance of human rights in the EU?

Module 6: Your voice in Europe: How can you get involved if you want to help shape the EU?What do you need to know for the next European elections?

https://www.europarl.europa.eu/austria/de/aktuell-presse/meldungen/meldungen-2022/juni-2022/pr-2022-jun-2.html

https://www.europarl.europa.eu/austria/de/jugend/school/euroscola.html

Österreichische Gesellschaft für Europapolitik

https://oegfe.at/?cn-reloaded=1

Amstimmungsmonitoring

https://www.oegfe.at/category/abstimmungsmonitoring/

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. 

Potential topics for Blog entry (include also Economic Theory):

• Modern trade wars, e.g. US vs. China
• Economic measures taken in real wars (Sanctions against Russia)
• The role of Europe as an international player
• Why are some countries rich and others not?
• David Ricardo and the myth of free trade (Hajoon Chang)
• What does trade have to do with economic development?
• Which role play global trade organisations (WTO...) and what are the key aspects of fair trade?
• any other topic of your choice

https://h5p.org/node/438396

1) Write down the key aspects of Keynesian Theory.

Translate 1 paragraph of the "Economic Consequences of the peace" in the pdf below.

2) Create a short presentation about the theory of a Nobel laureate of your choice.

https://de.wikipedia.org/wiki/Liste_der_Tr%C3%A4ger_des_Alfred-Nobel-Ged%C3%A4chtnispreises_f%C3%BCr_Wirtschaftswissenschaften

zusätzliche Resourcen:

https://www.iconomix.ch/de/