Economic Policy

This course offers insight into the basic concepts and schools of economic policy with a special emphasis on some crucial aspects of current national economic policies. The primary goal is to empower students to understand and interpret the national and global economic and social processes. With this end in view, we touch upon a broad spectrum of topics. We introduce the main schools of economic policy such as neoliberalism, the social market economy, the welfare state, Keynesian economic policy, and supply-side economic policy. We discuss economic globalisation as an essential part of the responsibilities and available tools of national economic policies in the 21st century. We deal with the two major sub-areas of economic policy, fiscal policy, and monetary policy, the financial crises, the redistributive systems of economic policy.