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Economics

Economics & Management

Please note, the following course details are subject to change and are updated regularly.

Week 1 - Economic Growth, Development and Institutions

Long-running economic growth has excellent potential to increase the standard of living dramatically. If incomes per capita grow at 3% annually, they will double approximately every 25 years. In this case, throughout a century, salaries 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 considerable 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, several concerns related to societal development can emerge, such as substantial 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.

Lecturers

Prof. Dr. Gerhard Glomm
Indiana University, USA

Dr. Michael Jetter
University of Western Australia, Australia

Coordinator

Prof. Dr. David Stadelmann
University of Bayreuth, Germany


Week 2 - International Management

In the context of globalization, economic and business activity are becoming increasingly internationalized. For many multinational enterprises and managers who are internationally active, it is a major challenge to handle with the problems caused by the unfamiliar values and practices in international business.

This module emphasizes the cultural issues in the business world. This module consists of a basic understanding of culture, theoretical models for comparison of cultural differences, awareness of cultural specific problems in international economic cooperations through short and long cases. The information provided in the course will help the students understand the complexity of the globalized business world. It is also relevant to understand the cultural and social systems as well as their differences which can cause confusion, misunderstanding and even conflicts.

The course aims to help students understand how intercultural competences can facilitate interaction and cooperation with business partners of diverse cultures to become aware and integrate cultural characteristics to produce added values.

Course details can also be found on the course flyer.

Lecturers

Prof. Dr. Meng Fanchen
Beijing Institute of Technology, China

Prof. Dr. Wei Shen
Lancaster University, UK

Coordinator

Prof. Dr. Reinhard Meckl
University of Bayreuth, Germany

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