The lecture
The lectures of this course discuss possible explanations for the decisions of three actors: businesses, citizens, and politicians.

• How do businesses make decisions? For example, why do some businesses behave more ethically and environmentally consciously than others? Or why do some businesses engage in more lobbying than others?
• How do citizens make decisions? For example, why do we sometimes behave rationally and sometimes not? Or why are some social movements successful while others are not?
• How do politicians make decisions? For example, why do some politicians act according to their beliefs while others behave opportunistically? Or why do some politicians appear more competent than others?

The section

The sections analyze the behavior of the three actors (businesses, citizens, and politicians) in the context of three thematic areas (globalization, society, and environment). Important: The content differs across sections as each section examines a different combination of actors and themes. For this reason, we recommend students read the information for each section carefully in the course catalog.

• Actors and themes of this section:
  Politicians & Globalization as well as Citizens & Society.
• Title of this section:
  China-EU economic and political relations
• Video for this section:
  Click here to watch a short video about the contents of the section.
• Description of this section:
  China is a big, diverse, and complex country. The European Union is another unique, stunning, sometimes weird, political-economic creature in the history of human society. In order to understand and analyse the economic and political relationships between these two entities, we may have to start with the domestic issues. This section unit will first introduce the polity, the economic market, and the everyday society of China. The second part will focus on China’s external engagements, such as the FDI flows, the opening-up reform, and bilateral trade with others. The last part of the unit will emphasise the roles of the EU and China, as two key global actors, in the current global economy. More importantly, the bilateral political and economic relationships between China and the EU, and between China and EU member states will be analysed.  The actors involved include the governments, governmental bureaus and agencies, MultiNational Corporations (MNCs), regional organisations, and individual citizens. The section unit will introduce various theories and concepts from different disciplines, like sociology, economy, political science, international relations, and communication studies. This section unit will go through international, regional, national, and individual levels and provide multiple perspectives for students to identify good explanations and generate good questions. The section contents, assigned readings, and assignments will be in English.

Upon completion of this course, students will have gained a comprehensive understanding of the central topics of the Department of Socioeconomics, particularly concerning the environmental and climate crisis, globalization, inequality, and democracy. To achieve this, the course pursues three main objectives:

1. Critically question the fundamental assumptions of economic models. Are businesses solely profit-driven, or are there other motives? Are people truly rational with exogenously given preferences? Students will gain insights into the implications if these assumptions do not hold true.
2. Develop and compare possible explanatory approaches. How can we explain situations where actors make different decisions under similar conditions? Students will learn to derive possible explanations for these puzzles, becoming familiar with various disciplinary approaches (political science, sociology, geography, history, law, economics).
3. Elaborate on the implications for the future. Students will analyze what these insights mean for their options for action. What does this imply for our future? What can we do to address current challenges?

In the lecture
Attendance at the lectures is highly recommended but not mandatory. If a lecture is missed, no explanation or excuse is required.

In the section
Attendance in the sections is mandatory. This requirement is considered fulfilled if no more than one of the seven sessions is missed. Students who are absent for the first session will be unenrolled from the course. Absences known in advance must be communicated to the section instructor via email. An absence due to health reasons (e.g., accident or illness) will not be counted as an absence if a medical certificate is provided. There are no makeup assignments for missed assignments. More details concerning attendance rules will be explained in the first session.

In the lecture
The pedagogical approach of the lecture is designed to actively engage students. Therefore, the lectures are dynamic and include a mix of lecturer’s input, interactive sections, and relevant case studies. The lectures are conducted in German.

In the section
This section unit will be reading- and discussion-oriented. Students are introduced to some “social facts” and students are encouraged to challenge these “social facts” in different means, such as in comparison. Besides these “social facts”, there will be no right or wrong arguments and opinions. Students are encouraged to develop their own thinking and analyses, and exchange ideas with others.

Additional resources

• Instagram Account: zuwi_va
• Youtube Account: zuwi_va
• ZuWi_VA course website

Assessment

• In the lecture: Total of 25 Points + 5 Bonus Points
  • 25 Points: Final Exam
  • 5 Bonus Points: Details will be explained in the lecture
• In the section: Total of 75 Points 
  • 25 Points: Participation
  • 50 Points: two of the following three options, determined by the instructor of the section:
    • 25 Points: Creative Work
    • 25 Points: Written Assignment
    • 25 Points: Open-Question Exam

Course Grade
Students can achieve a total of 105 points. The course is successfully completed if at least 60 points are earned. The grade distribution is as follows: 60-69 points correspond to grade “4”; 70-79 points correspond to grade “3”; 80-89 points correspond to grade “2”; and 90-105 points correspond to grade “1”.

Details of the Final Exam in the Lecture

• Date: 30. Jänner 2025
  • The exam takes place during the main Exam Week. There is no flexibility in selecting the exam date.
  • The exam will be conducted online.
  • The exam duration is 60 minutes.
• Registration
  • No separate registration for the exam is required. Students are automatically registered for the final exam with the course registration. 
• Rules
  • If attendance at this session is not possible due to verifiable and serious reasons (e.g., illness, accident, bereavement), a makeup attempt is allowed in the next main exam week. Please send a (medical) confirmation to your course instructor so they can register you for the next exam week.
• Contents
  • The final exam will cover only the topics of the lectures, not those of the sections.

Prerequisites
Students must register via LPIS.

The content varies across sections as each section examines a different combination of actors and themes. Therefore, we recommend that students read the information for each section carefully in the course catalog. Choose the section that best matches your interests. Switching between sections during the semester is not possible.

It is expected that students enroll in “ZuWi Vertiefung & Anwendung” immediately following “Volkswirtschaftslehre und Zukunftsfähiges Wirtschaften” (not several semesters later).

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