Studying in the module group "European economics" enables students to recognize and understand economic relationships. Interactions that result from the economic functions of businesses, private households and the state are examined and explained. Important issues are, amongst other things, the function of money, trade cycle and employment policies, the integration of national economies into the international trading system and the European integration process, but also the decision behavior of individual economic entities.
The fundamentals for understanding economic relationships are taught in the different modules, and their application to concrete economic policy issues is also practiced. With the help of a theoretical framework for purposes of understanding and analyzing, the competence and complexity of economic interdependence is conveyed to students. Additionally, methods from statistics, econometrics and applied economic research are taught in order to apply this newfound understanding to concrete issues. Informed decisions in politics and of microeconomic actors are thus prepared or, rather, first made possible.
An education in economics teaches the ability to think strategically and analytically. This kind of education prepares students for a variety of possible careers. These include careers in the fields of economic policy, at national and international agencies, in unions and business enterprises, in consulting agencies, in economic departments at banks and big corporations as well as in economic and research institutions.