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Economics & Management

Week 1 - Economic Growth, Development and Institutions

Long-run economic growth has a great potential to dramatically increase the standard of living. If incomes per capita grow at 3% annually, they will double approximately every 25 years. Over the course of a century incomes will increase by a factor of 16, changing the quality of people's livelihoods to a great extent.

In this course we will study which factors can contribute to such large income growth and the associated improvements in the standard of living. We will also analyze which factors tend to stand in the way of such enormous growth potential. As some economies grow fast and others lag behind, a number of concerns related to societal development can emerge, such as large incentives to migrate from one country to another. Among other topics highly relevant to development, we will study the impact of migration on the receiving and the sending countries.

Throughout the course, we will use a combination of theoretical and empirical approaches. Students will also learn to apply economic thinking to solve real world problems related to growth and migration.


Prof. Gerhard Glomm
Indiana University, USA

Dr. Michael Jetter
University of Western Australia, Australia


Prof. David Stadelmann
University of Bayreuth

Week 2 - International Management

In the context of globalization, the economic and business activity are becoming increasingly internationalized. For many multinational enterprises and managers who are internationally active it is big challenge to handle with the problems caused by the unfamiliar values and practices in international business. This module emphasizes on the cultural issues in the business world. This module consists of basic understanding of culture, theoretical models for comparison of cultural differences, awareness of cultural specific problems in international economic co-operations through short and long cases. This will help the students to understand the complexity of the globalized business world and the cultural and social systems and their differences which can cause confusion, misunderstanding and even conflicts, to understand what intercultural competences can facilitate interaction and cooperation with business partners of diverse cultures, to learn to aware and integrate cultural characteristics for generating added values.


Prof. Meng Fanchen
BIT, China

Dr. Gabriele Suder
University of Melbourne Business School, Australia


Prof. Reinhard Meckl
University of Bayreuth

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