Information about the title: Competence acquisition takes place according to the guidelines of the framework plan on three levels of action: Being able to make personal decisions in economically influenced decision-making situations: Which checking account is the right one? How do I get an internship? Should I buy this sweater? Being able to analyze economic processes and structures: How does the economic cycle work? How is a business organized? How is a price determined? Being able to reflect on, question, and shape societal frameworks: How do we deal with the concept of sustainability and how should we manage resources? How is the world of work changing? The appendix contains a glossary of important technical terms. Information about the series: Student-friendly, illustrative, and comprehensible. Economics and Administration is the textbook for the same.