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2018/19

FACULTY OF MANAGEMENT, ECONOMICS AND SOCIAL SCI-ENCES UNIVERSITY OF COLOGNE PROGRAMME MANAGEMENT UNIT

MODULE CATALOGUE ECONOMICS

MASTER OF SCIENCE IN ACCORDANCE WITH THE EXAMINATION REGULATIONS FOR THE SINGLE MAJOR MASTER PROGRAMME IN ECONOMICS

MODULE CATALOGUE - ECONOMICS - MASTER OF SCIENCE

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PUBLISHED BY: Programme Management Unit of the Faculty of Management, Economics and Social Sciences (“WiSo Faculty”)

EDITED BY: Helge Linnemann, M.A., Programme Management

ADDRESS: Albertus-Magnus-Platz, 50923 Cologne

E-MAIL: [email protected]

INFORMATION CORRECT AS OF: June 15th 2018


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Contacts

WiSo Student Services Advisor(s):

Nicole Kienel, Carina Piek, Patrick Schröder

WiSo Student Services

+49 (0)221/ 470 - 8818

[email protected]

Programme Manager(s): Helge Linnemann, M.A.

WiSo Programme Management Unit

Programme Director: Prof. Michael Krause, Ph.D.


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List of abbreviations

AM Advanced module PRES Presentation

AS Assignment PRP Project Report

C Course SI Studium Integrale

CC Compulsory course SM Specialisation module

CH Contact hours (= time spent in class) SPM Supplementary module

CM Core module SPW Semester period per week

CP Credit Points (ECTS) SSt Self-study

CS Case Study TP Term paper

EC Elective Course TPF Time required for preparation and follow-up

OE Oral examniation TR Credit points transferred from an-other university

PCR Practical component report WL Workload

PO Portfolio WT Written test

PR Project


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Table of contents

CONTACTS ............................................................................................................... III

LIST OF ABBREVIATIONS ...................................................................................... IV

1 ECONOMICS ....................................................................................................... 1 1.1 Content and objectives of the programme ............................................................... 1

1.2 Requirements .......................................................................................................... 1

1.3 Programme structure ............................................................................................... 3

1.4 Study Abroad Option ................................................................................................ 3

1.4 Sample study plan ................................................................................................... 6

2 SUPPORT FOR STUDENTS ............................................................................... 7 2.1 Calculation of the overall mark ................................................................................. 7

2.2 Rules for failed attempts .......................................................................................... 7

2.3 Subject-specific advice and examination advice ...................................................... 8

2.4 Other sources of information and advice .................................................................. 8

3 CURRICULUM AND MODULE DESCRIPTIONS .............................................. 10 3.1 Core and advanced section ....................................................................................10

3.2 Supplementary section ............................................................................................10

3.3 Specialisation section .............................................................................................10

3.4 Master’s thesis ........................................................................................................13

3.5 Module descriptions ............................................ Fehler! Textmarke nicht definiert.

3.5.1 Core and advanced section: Economics .......... Fehler! Textmarke nicht definiert.

3.5.2 Specialisation section Economics .................... Fehler! Textmarke nicht definiert.

3.5.3 Supplementary section: Economics ................. Fehler! Textmarke nicht definiert.

3.5.4 Master’s thesis ................................................. Fehler! Textmarke nicht definiert.


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1 Economics The Master in Economics programme gives students the sound academic training they re-

quire to perform economic and financial consultancy work as well as preparing them for roles

involving the analysis and design of economic systems, treaty-making and negotiating institu-

tions and solutions to problems faced by specific markets. Graduates from the programme

understand macroeconomic and microeconomic processes and structures and are able to

analyse them using theoretical and empirical research methods and develop possible solu-

tions to economic problems on their own.

1.1 Content and objectives of the programme

Graduates enjoy various career opportunities in posts with an economics focus at public in-

stitutions such as government ministries, central banks, government offices and public ad-

ministrations (such regulatory authorities), European institutions (such as the EU Commis-

sion) and international institutions (such as the OECD, IMF or World Bank). Research cen-

tres and economics departments of private establishments (banks, consultancies, large in-

dustrial companies, associations and media) are also potential employers. By combining cer-

tain specialisation modules (e.g. energy, media or financial economics) with supplementary

business administration modules, students open up additional opportunities for themselves

on the job market in business administration in the narrower sense of the term. Graduates

can also find work in consultancies, academic research institutes or higher education institu-

tions. To be accepted on the programme, students must hold a bachelor degree in a relevant

area and meet the requirements set out in the “Regulations concerning determination of apti-

tude” (Ordnung zur Feststellung der besonderen Eignung).

1.2 Requirements

To be accepted for the Master Economics programme, applicants must have successfully

completed a bachelor programme, on which they earned at least 180 ECTS credits, or an

equivalent programme. In accordance with the Regulations concerning determination of apti-

tude for the Economics programme (Ordnung zur Feststellung der besonderen Eignung für

den Studiengang Economics) a programme is deemed successfully completed if the overall

mark was at least 2.7 or international equivalent.

The Bachelor programme must also comply with the following subject-related criteria:

Variant a)


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at least 18 ECTS credits in the field of Economics and

at least 48 further ECTS credits in the field of Economics and Social Sciences

at least 15 ECTS credits in the field of Statistics and/or Mathematics (methodologi-

cal expertise only, no user expertise)

or Variant b)

• at least 40 ECTS credits in the field of Mathematics

Applicants must provide proof that they have an adequate knowledge of German if neither

their studies towards their first higher education qualification (e.g. bachelor) nor towards their

general qualification for university entrance were conducted in German. Students may com-

mence their studies if they have passed the German language test for admission to higher

education (Deutsche Sprachprüfung für den Hochschulzugang/DSH) or an equivalent test.

They must prove that they have DSH-2 or DSH-3 level. Proof of English language skills to at

least B2 in line with the Common European Framework of Reference for Languages must

also be supplied by the deadline for application. The generally established certificates

(TOEFL, IELTS, etc.) are recognised.

If the number of applicants who meet the admission requirements is higher than the number

of places available on the programme, a selection process is conducted to rank the appli-

cants. The selection procedure is based on the result of the applicant’s bachelor degree or of

a degree recognised as being equivalent and the result of a voluntary aptitude test (TM-

WISO, GMAT or GRE).


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1.3 Programme structure

The master programme is modular in structure and the standard period of study is four

terms. Students are required to accumulate 120 ECTS credits. They begin with core mod-

ules, which contribute a total of 48 ECTS credits. In the supplementary module section, they

can accumulate 12 ECTS credits on courses in other subject areas offered by the Faculty.

The specialisation section consists of two subject areas, each worth 18 ECTS credits. The

students can choose these themselves, enabling them to decide which specific topics they

wish to focus on. Seven subject areas are available, as follows: Energy Economics, Econom-

ic Design & Behavior, Markets & Institutions, Macroeconomics, Money and Financial Mar-

kets, Growth, Labor and Inequality, Macroeconomics and Public Economics and Statistics &

Econometrics. The master’s thesis to be written at the end of the programme carries 24

ECTS credits.

1.4 Study Abroad Option

The WiSo Faculty offers a broad range of study abroad options within an excellent network of

prestigious partner universities worldwide. The so-called Study Abroad Programme (STAP)

includes ERASMUS exchanges and provides an opportunity for a single-term stay at one of

the WiSo Faculty's partner universities.

Successful STAP applicants benefit from direct contact and organisational support at the

partner university and are exempt from paying tuition fees there. The range of universities

available depends on the master course on which the student is enrolled – the possible op-

tions are listed in the WiSo EXchange (WEX) International Outgoings Portal (access

through the student's UoC account only), along with detailed information on each university.

https://wex-outgoings-wiso.uni-koeln.de/login/auth


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Every year, in addition to the STAP programme, the WiSo Faculty organises an exclusive

short-term study option WiSo@NYC which takes place in New York City.

In addition to these options offered by the Faculty, master students can also apply for a non-

WiSo exchange, offered by Dezernat 9 – Internationales (Central International Office of the

University of Cologne) within the ‘fakultätsübergreifende Partnerschaften’ framework. Further

possibilities are going abroad as a freemover (i.e. as a student who organises his or her stay

abroad individually) or participating in short courses or summer schools offered under sepa-

rate terms and conditions.

For all study abroad options, the International Relations Center (ZIB WiSo) serves as

point of information and advice.

The Faculty’s Study Abroad Programme (STAP): Master students should plan and submit their application for a term abroad at the beginning

of their master course. The STAP main selection round takes place once a year with applica-

tion deadline 1 December and allows for an application either for fall term or spring term of

the following academic year. Detailed information on the selection criteria and the best prep-

aration for a STAP application can be found online in the STAP Master Application Manual. (As an exception, if a certain number of slots are still available for spring term, a

secondary STAP selection round will be offered in May, with a limited choice of exchange

opportunities):

http://www.international.wiso.uni-koeln.de/international-profile/contact/

http://www.international.wiso.uni-koeln.de/outgoing-students/term-abroad/stap-master/

http://www.international.wiso.uni-koeln.de/outgoing-students/term-abroad/stap-master/


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Credit transfer options from studies abroad:

The WiSo Faculty has put a lot of emphasis on internationalisation in the design of its master

courses, offering broad credit transfer options for all kinds of study abroad options. Each

master course includes at least one "Studies Abroad" module, with a broad range of courses

suitable for credit transfer. In addition, a single course-to-course credit transfer can be con-

sidered. For more information on credit transfer rules and regulations, please go to WiSo Credit Transfer Center > Information > Studies Abroad. For any questions regarding

credit transfer, students can contact the ZIB WiSo or the WiSo Credit Transfer Center.

https://www.anrechnungwiso.uni-koeln.de/default/start?lang=en


http://www.international.wiso.uni-koeln.de/international-profile/contact/



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1.5 Sample study plan

M.Sc. Economics EC/

CC Module Section CP

1 CC Core Module Microeconomics I (or Research Track)

Core section 6

1 CC Core Module Macroeconomics I (or Research Track)

Core section 6

1 CC Core Module Econometrics (or Research Track)

Core section 12

1 CC Core Module Mathematics/ Methods (or Re-search Track) 1/2

Core section 6

30

2 CC Core Module Mathematics/ Methods (or Re-search Track) 2/2

Core section 6

2 CC Core Module Microeconomics II (or Research Track)

Core section 6

2 CC Core Module Macroeconomics II (or Re-search Track)

Core section 6

2 EC Specialisation module I Field I Specialisation sec-tion

6

2 EC Specialisation module l II Field I Specialisation sec-tion

6

30

3 EC Specialisation module I Field II Specialisation sec-tion

6

3 EC Specialisation module II Field II Specialisation sec-tion

6

3 EC Specialisation module Seminar Field I Specialisation sec-tion

6

3 EC Specialisation module Seminar Field II Specialisation sec-tion

6

3 EC Supplementary module I Supplementary sec-tion

6

30

4 EC Supplementary module II Supplementary sec-tion

6

4 CC Master´s Thesis Economics 24

30


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2 Support for students

2.1 Calculation of the overall mark

The marks for core and advanced, supplementary and specialisation categories are calculat-

ed as the weighted arithmetic mean of the marks for the respective modules, based on the

weighting system described in the annexes. In the case of end-of-module examinations con-

sisting of several components, the mark for the module is calculated as specified in the an-

nex.

The overall mark for the degree is calculated as the weighted arithmetic mean of the marks

for the subject categories and the mark for the master’s thesis. On the Business Administra-

tion programme, the weighting for the contributions to the overall mark is as follows:

a) Mark for core and advanced section: 48 of 120 ECTS credits

b) Mark for specialisation section: 36 of 120 ECTS credits

c) Mark for supplementary section: 12 of 120 ECTS credits

d) Mark for master’s thesis: 24 of 120 ECTS credits

2.2 Rules for failed attempts

Students may retake module examinations that they have failed. The number of attempts is

limited to three per module. Modules offered by faculties other than the Faculty of Manage-

ment, Economics and Social Sciences (“WiSo Faculty”) may be subject to different rules.

In addition, a further two resit attempts can be granted to students at any point of the pro-

gramme. If they wish to take additional resits, they must apply to do so in writing to the WiSo

Examination Office within three months of their examination result being announced. If a stu-

dent’s application is approved, the additional examination attempt must take place within

twelve months. Students who have accumulated at least 90 credit points shall be granted a

further additional attempt. If a student fails an examination in the two additional attempts and

the extra attempt for students with 90 points or more, they are deemed to have failed the

programme at the final attempt. However, students may only apply for additional attempts

beyond the initial three attempts if none of the first three examination attempts were failed

due to cheating or to an offence. We recommend all students who fail the initial three at-

tempts to seek advice from WiSo Student Services before embarking upon an additional at-

tempt.

Where a module examination consists of several components, the candidate must obtain a

“bestanden” (pass) mark, or at least an “ausreichend (4,0)“ (sufficient) mark, in all of the ex-


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amination components. All components marked “mangelhaft (5,0)” or “nicht bestanden” (fail)

must be retaken.

It is not possible to resit module examinations that have already been passed.

A failed master’s thesis can be retaken once, with a new topic. Students must register for

their second attempt within six months of the result of their first attempt being announced.

2.3 Subject-specific advice and examination advice

WiSo Student Services (WiSo-Studienberatungszentrum) provides general advice on

studies, including the possibilities available and the requirements, for all programmes offered

by the WiSo Faculty. It offers subject-specific recommendations concerning students’ study

plan for their first term on the respective programme plus information on the structures of the

various programmes. WiSo Student Services is also the first place to turn to for students with

other questions and problems related to their studies. It can be contacted by phone, in per-

son and, of course, e-mail. The opening hours and contact data can be found on the corre-

sponding website.

Subject-specific advice is provided during the designated times by the University’s faculty

members and associated teaching staff (“akademische Mitarbeiterinnen und Mitarbeiter”)

involved in the teaching on the programme. The designated times are announced by means

of notices in the institutes and on the departments’/institutes’ websites.

Legally binding information concerning examinations and examination procedures is provid-

ed by the WiSo Faculty Examination Offices. These offices also issue transcripts of rec-

ords in German and English, ranking certificates and letters of assignment to the appropriate

term of the programme. All the necessary information, contact details and opening hours can

be found on the corresponding website.

2.4 Other sources of information and advice

International students who study at the WiSo Faculty for part of their programme can turn to

the International Relations Center (“Zentrum für Internationale Beziehungen” or “ZIB”) for help with any questions they have. Cologne University students preparing to study abroad

can also contact the ZIB for support. The Center also runs a variety of summer schools, short

programmes and Business English courses. The services, courses and people to contact

can all be found on the website.

The Faculty’s Credit Transfer Centre (Zentrum für die Anrechnung auswärtiger Leis-tungen) is responsible for recognising credits accumulated in other institutions. This applies

both to credits students have gained at other higher education institutions in Germany or

https://www.wiso.uni-koeln.de/en/studies/guidance/wiso-student-service/

http://www.wiso.uni-koeln.de/pa.html.

http://www.wiso.uni-koeln.de/international.html

https://www.anrechnungwiso.uni-koeln.de/en

https://www.anrechnungwiso.uni-koeln.de/en


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abroad prior to studying at the WiSo Faculty, and to (advance) transfer of credits that stu-

dents plan to accumulate abroad or have already accumulated abroad as part of a WiSo

Faculty programme. This system does away with the need to make individual inquiries to

departments/institutes and examination offices. Students can find out everything they need to

know about the transfer process on the corresponding website.

The WiSo Career Service offers advice and support, in cooperation with other partners, for

students from the WiSo Faculty looking for an internship or profession that is right for them. It

also helps them as they plan their career and apply for jobs. In addition, the WiSo Career

Service organises seminars, presentations and special events in cooperation with employers

and external and internal experts.

The WiSo IT Service runs regular courses dealing with standard software and field-specific

programs.

The WiSo Faculty’s online course catalogue can be found in KLIPS 2.0, the campus man-

agement system used by the University of Cologne. Students who have questions concern-

ing KLIPS should contact the KLIPS Support of the WiSo Faculty via the contact form on the

website. Important dates and deadlines are published at the KLIPS information website of

the WiSo Faculty.

Students who are having difficulties with their studies or their personal lives can seek help

from the Psychosocial Counselling Service run by the Kölner Studentenwerk. In addition

to counselling, it also provides advice on writing and learning skills plus support for pregnant

students and students who have children.

A further service is Nightline Köln, the listening and information helpline run by students for

students at all of Cologne’s institutions of higher education.

http://www.wiso-career.uni-koeln.de/

http://www.wiso-it.uni-koeln.de/en

https://www.wiso.uni-koeln.de/en/studies/klips/klips-20/

http://www.wiso.uni-koeln.de/en/studium/klips/klips-20/

http://www.kstw.de/en

http://www.nightline.uni-koeln.de/


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3 Curriculum and module descriptions

3.1 Core and advanced section

In accordance with section 28(1), No. 1 of the Examination Regulations, the examination candidate must obtain 48 ECTS credits in the core and advanced section.

Group Module ECTS CC/ EC Required ECTS

Core and adnvanced sec-tion

Core Module Microeconomics I1 6 EC 6 48 Core Module Microeconomics I (Research Track) 6 EC Core Module l Macroeconomics I1 6 EC 6 Core Module Macroeconomics I (Research Track) 6 EC Core Module Econometrics 12 EC 12 Core Module Econometrics (Research Track) 12 EC Core Module Mathematics / Methods 12 EC 12 Core Module Mathematics / Methods (Research Track) 12 EC Core Module Microeconomics II1 6 EC 6 Core Module Microeconomics II (Research Track) 6 EC Core Module Macroeconomics II1 6 EC 6 Core Module Macroeconomics II (Research Track) 6 EC

1 module will be offered in 2018/19 for the last time

3.2 Specialisation section

In accordance with section 28(1), No. 2 of the Examination Regulations, the examination candidate must obtain 36 ECTS credits in two sub-groups of the specialisation section.

Group Module ECTS CC/ EC

Required ECTS

Design & Behavior Specialisation module Seminar Design and Behavior 6 CC 6 18 Specialisation module Economic Engineering 6 EC 12 Specialisation module Auction Theory 6 EC Specialisation module Contract Theory 6 EC Specialisation module Behavioral Economics 6 EC Specialisation module Behavioral Economic Theory 6 EC Specialisation module Topics in Design and Behavior A 6 EC Specialisation module Topics in Design and Behavior B 6 EC Specialisation module Topics in Design and Behavior C 6 EC Specialisation module Topics in Design and Behavior D 6 EC Specialisation module Matching and Market Design: Theory and Practice 6 EC

Specialisation module Research in Personel Economics: Incentives and Behavior (Research Track) 6 EC

Energy Economics Specialisation module Seminar in Energy, Resource and Envi-ronmental Economics 6 CC 6 18

Specialisation module Energy Markets and Regulation (Master) 6 EC 12

Specialisation module Energy, Resources, Environment and the Economy 6 EC

Specialisation module Topics in Energy Markets and Regulation

6 EC Specialisation module Topics in Energy Markets and Regulation

6 EC


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Specialisation module Topics in Energy, Resources, Environment and the Economy A 6 EC

Specialisation module Topics in Energy, Resources, Environment and the Economy B 6 EC

Growth, Labor and Ine-quality in the Global Economy

Specialisation module Seminar in Growth, Labor and Inequality in the Global Economy

6 CC 6 18

Specialisation module Foundations in Growth, Labor and Inequality in the Global Economy A

6 EC Min. 6

Specialisation module Foundations in Growth, Labor and Inequality in the Global Economy B

6 EC

Specialisation module Foundations in Growth, Labor and Inequality in the Global Economy C

6 EC

Specialisation module Topics in Growth, Labor and Inequality in the Global Economy

6 EC Max. 6

Markets & Institutions Specialisation module Seminar Markets and Institutions 6 CC 6 18 Specialisation module Competition Policy 6 EC 12 Specialisation module Specific Markets A 6 EC Specialisation module Specific Markets B 6 EC Specialisation module Topics in Markets and Institutions A 6 EC Specialisation module Topics in Markets and Institutions B 6 EC Specialisation module Topics in Markets and Institutions C 6 EC

Specialisation module Common Topics: Markets and Institutions/ Public Economics 6 EC

Specialisation module Matching and Market Design: Theory and Practice 6 EC

Macroeconomics, Money and Financial Markets

Specialisation module Seminar in Macroeconomics, Money and Financial Markets

6 CC 6 18

Specialisation module Foundations in Macroeconomics, Money and Financial Markets A

6 EC 12

Specialisation module Foundations in Macroeconomics, Money and Financial Markets B

6 EC

Specialisation module Foundations in Macroeconomics, Money and Financial Markets C

6 EC

Specialisation module Topics in Macroeconomics, Money and Financial Markets

6 EC

Macroeconomics and Public Economics

Specialisation module Seminar in Macroeconomics and Public Economics

6 CC 6 18

Specialisation module Foundations in Macroeconomics and Public Economics A 6 EC Min. 6

Specialisation module Foundations in Macroeconomics and Public Economics B 6 EC

Specialisation module Foundations in Macroeconomics and Public Economics C 6 EC

Specialisation module Topics in Macroeconomics and Public Economics

6 EC Max. 6

Specialisation module Common Topics: Markets and Institutions/ Public Economics 6 EC

Statistics & Econometrics Specialisation module Time Series Analysis 6 EC 18 Specialisation module Microeconometrics 6 EC Specialisation module Bayesian Econometrics 6 EC Specialisation module Statistical Analysis of Financial Data 6 EC Specialisation module Advanced Statistics (Stochastic Processes) 6 EC Specialisation module Advanced Statistics (Statistical Inference) 6 EC Specialisation module Multivariate Statistics 6 EC Specialisation module Panel Data Analysis 6 EC Specialisation module Topics in Statistics A 6 EC Specialisation module Topics in Statistics B 6 EC Specialisation module Topics in Econometrics C 6 EC Specialisation module Seminar Statistics and Econometrics 6 EC

Studies

Studies Abroad in Economics (Master) 18 CC 18


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3.3 Supplementary section

In accordance with section 28(1), No. 3 of the Examination Regulations, the examination candidate must obtain 12 ECTS credits in a sub-group of the supplementary section.

Group Module ECTS CC/ EC

Required ECTS

Accounting and Taxation Specialisation module Corporate Taxation 12 EC 12 Specialisation module Operative and Strategic Controlling 12 EC Specialisation module International Accounting and Corpo-rate Valuation 12 EC

Specialisation module Selected Issues in Business Taxation II 6 EC

Specialisation module Value-Based Controlling 6 EC

Specialisation module: Selected Issues in Accounting and Auditing I

6 EC

Controlling Specialisation module Operative and Strategic Controlling 12 EC 12

Specialisation module Value-Based Controlling 6 EC

Specialisation module Selected Issues in Controlling 6 EC

Specialisation module Selected Issues in Accounting 6 EC

Specialisation module Finance 7 6 EC

Corporate Development Specialisation module Business Ethics 6 EC 12

Specialisation module Strategic Development 6 EC

Specialisation module Strategic Human Resource Manage-ment 6 EC

Specialisation module Strategic Management 6 EC

Economic Psychology Supplementary module Introduction to Economic Psycholo-gy 12 CC 12

Finance Specialisation module Financial Theory 12 EC 12

Specialisation module Financial Institutions Management 12 EC




Specialisation module Value-Based Management in Insur-ance 6 EC

Marketing Specialisation module Marketing I 6 EC 12

Specialisation module Marketing II 6 EC Specialisation module Marketing III 6 EC Specialisation module Marketing IV 6 EC

Media Management Specialisation module Media and Technology Management: Enterprises, Markets, and Strategies

6 EC 12

Specialisation module Media and Technology Management: Platforms, Information Goods and Infrastructures

6 EC

Economic Methodology and History of Thought

Supplementary module Economic Methodology and History of Thought

12 CC 12

Political Science Core module Political Science I (Master) 6 EC 12 Core module Political Science II (Master) 6 EC Core module Political Science III (Master) 6 EC Core module Political Science IV (Master) 6 EC Core module Political Science V (Master) 6 EC Core module Methods of Politcal Science 6 EC


13

Social Policy Supplementary module: Development of social environment and cooperative system studies 12 EC 12

Supplementary module Trans- and international perspective of social policy 12 EC

Supply Chain Management Specialisation module Supply Chain Innovation 6 EC 12

Specialisation module Project Management 6 EC

Specialisation module Supply Chain Operations 12 EC

Specialisation module Production Management 12 EC

Business Taxation Specialisation module Business Taxation 12 EC 12

Specialisation module Selected Issues in Business Taxation II 6 EC

Core module Law of indirect Taxation 6 EC

Core module Business Taxation Law 6 EC

Core module International Tax Law 6 EC

Economic Geography Supplementary module Economic Geography I 6 EC 12 Supplementary module Economic Geography II 12 EC Supplementary module Economic Geography III 6 EC

Audit Specialisation module International Accounting and Corpo-rate Valuation 12 EC 12

Specialisation module Selected Issues in Accounting and Auditing I

6 EC

Specialisation module Selected Issues in Accounting and Auditing II

6 EC

Specialisation module Selected Issues in Accounting 6 EC Studies Abroad Studies Abroad I (Master) 12 CC 12

3.4 Master’s thesis

The master’s thesis, which carries 24 ECTS credits, is written towards the end of the pro-

gramme. It is intended to show that the student is capable of conducting academic work on

and reflecting on a specific problem related to the subject matter covered on the programme,

using the necessary methods and within a specified period. The topic of the master’s thesis

must reflect the economic methods learned during the programme.

Group master’s theses are also permitted provided a clear distinction between and assess-

ment of each candidate’s contribution is possible. Objective criteria that make a clear distinc-

tion possible, such as sections, page numbers or topics, are used to indicate which student

made which contribution. The total workload required of each group member must exceed

the requirements for individual masters’ theses to an appropriate extent. The difficulty and

content of a group thesis must meet the same requirements as for theses undertaken indi-

vidually and independently. The contribution made by each individual must meet the re-

quirements for masters’ theses.


14

To register to do their master’s thesis, students must have accumulated a minimum of 60

ECTS credits. They may take no longer than six months to write the thesis. Further, more

detailed information on master’s theses can be found in the Examination Regulations.

Module descriptions

1 Core and Advanced section Economics

Core Module Microeconomics I

Module code 1289BMMi01

Workload 180h

ECTS credits 6

Module Lan-guage English

Module availability every second term - winter term

Duration 1 Term

1 Courses Microeconomics I: Demand, Supply, Equilibria

Contact hours 60h

Self-Studies 120h

Course Language English

2 Learning objectives Students... ...are familiar with the fundamental definitions and concepts in microeconomics. ...identify how demand, supply and pricing work on perfect competition markets. ...solve microeconomic problems. ...analyse microeconomic models.

3 Module content • Budget theory • Company theory • Competitive market theory • General equilibrium theory • Welfare economics

4 Teaching and learning methods lecture practice

5 Module entry requirements No recommendations

6 Mode of end-of-module examination Written test: WT (60)

7 Prerequisites for awarding of credit points Passing the written test.

8 Other programmes that use the module


15

Master of Science Economics: Basis- und Aufbaubereich Economics Master of Science Economics ab WS 18/19: Specialisation Section

9 Module manager Univ.-Prof. Dr. Marc Oliver Bettzüge

10 Miscellaneous


16

Core Module Microeconomics I (Research Track)

Module code 1289BMMR00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Core Microeconomics (Re-search Track)

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ...understand modern microeconomic concepts. ...are proficient in the main techniques used for microeconomic analysis, for example analysis of individual decision-making behaviour. ...use mathematical models to examine pricing on markets. ...modify those models in order to identify their limitations and to analyse the effects of political interventions.

3 Module content • Theory of budget and demand • Theory of the firm and of supply • Market equilibrium


5 Module entry requirements Recommended: Good basic knowledge of microeconomics and mathematics.



8 Other programmes that use the module Master of Science Economics: Basis- und Aufbaubereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems:


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Ergänzungsbereich Information Systems Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Core and Advanced Section Master of Science Mathematics: VWL MA Mathe/Wirtschaftsmathe Master of Science Wirtschaftsmathematik: VWL MA Mathe/Wirtschaftsmathe

9 Module manager Univ.-Prof. Dr. Johannes Münster

10 Miscellaneous


18

Core Module Macroeconomics I

Module code 1302BMMa01

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Macroeconomics I (Master)

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students… ... know important stylized facts about long-term development central variables in dy-namic macroeconomics and growth theory. ... gain an overview of and understand the key models of dynamic macroeconomics and growth theory and analyse problems with the underlying essential theoretical con-cepts. ... are introduced to the connected fundamental empirical approaches (e.g. regression analysis and growth accounting) and assess to which extent the theoretical models are capable to explain empirical facts and special cases concerning growth. ... discuss basic growth policy options resulting from theoretical and empirical insights. ... analyse and understand how public debt comes about and discuss and assess fiscal policy measures on the basis of dynamic approaches. ... apply practical tasks (assignments) connected to the forementioned theoretical and empirical approaches.

3 Module content • Stylised facts concerning growth, cross-country differences in income and long-term income convergence • Fundamental models of growth theory and dynamic macroeconomics: Solow-Model and extensions (exogenous technological progress), Ramsey-Cass-Koopmans-Model (Infinite-Horizon-Model with endogenous savings) and Diamond-Model (Overlapping-Generations-Model with endogenous savings) • Fundamental models of endogenous technological progress (R&D model, learning-by-doing model, human capital model) • Growth accounting and fundamental findings of empirical research on cross-country income differences and the relevance of institutional frameworks • Introduction to Investment Theory (Baselind model of demand for investment and Tobin’s-q) • Basic insights in public debt and fiscal policy from a dynamic perspective (debt measures, ricardian equivalence, tax smoothing)





19


8 Other programmes that use the module Master of Science Economics: Basis- und Aufbaubereich Economics Master of Science Economics ab WS 18/19: Specialisation Section

9 Module manager N.N.

10 Miscellaneous


20

Core Module Macroeconomics I (Research Track)


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Advanced Macroeconomics I (Research Track)

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... analyse at an advanced methodological level the modern models of real dynamic macroeconomics that have long-term prospects and apply the mathematical models necessary to do so. ... accumulate methodological knowledge and work with methods used in real dynamic macroeconomics. ... command the foundations required for research activities and further studies (doc-torate).

3 Module content • Empirical facts • Basic methods (incl. intertemporal optimisation in continuous time and linear approx-imation) • The neoclassical growth model (Solow) • The neoclassical models (Ramsey-Cass-Koopmans, Diamond): incl. intertemporal market equilibrium; social optimum; state . • Endogenous growth and human capital (incl. Uzawa-Lucas) • Endogenous growth and research and development (incl. Romer, Aghion-Howitt, Jones)





8 Other programmes that use the module Master of Science Economics: Basis- und Aufbaubereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing


21

Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Core and Advanced Section Master of Science Mathematics: VWL MA Mathe/Wirtschaftsmathe Master of Science Wirtschaftsmathematik: VWL MA Mathe/Wirtschaftsmathe

9 Module manager Univ.-Prof. Dr. Peter Funk

10 Miscellaneous


22

Core Module Econometrics

Module code 1314BMEc00

Workload 360h

ECTS credits 12



Duration 1 Term

1 Courses Core Econometrics

Contact hours 90h

Self-Studies 270h


2 Learning objectives Students... ... acquire basic knowledge of econometric methods, understand scientific contributions in the field of empirical economic research and conduct empirical studies on economic issues independently. ... create econometric models and choose between alternative model specifications. ... can estimate parameters of linear and generalised regression models, models for discrete and limited dependent variables and time series models, using suitable infer-ence methods, and conduct hypothesis tests. ... generate forecasts for economic variables.

3 Module content • Linear regression model and OLS method • Generalised linear regression model with heteroskedastic/autocorrelated errors and (F)GLS method • Endogeneity and instrumental variables • Maximum likelihood method • Generalised moment method • Models for discrete and limited dependent variables • Univariate and multivariate time series models • Panel models





8 Other programmes that use the module Master of Science Economics: Basis- und Aufbaubereich Economics

9 Module manager Univ.-Prof. Dr. Roman Liesenfeld


23

10 Miscellaneous


24

Core Module Econometrics (Research Track)

Module code 1314BMER00

Workload 360h

ECTS credits 12



Duration 2 Terms

1 Courses a) Advanced Econometrics (Theory) b) Advanced Econometrics (Applications)

Contact hours a) 60h b) 60h

Self-Studies a) 120h b) 120h

Course Language a) English b) English

2 Learning objectives Students... ... implement estimation and test methods. ... discuss estimation and test methods. ... apply suitable econometric models and the relevant inference methods. ... conduct empirical studies in modern macro- and microeconometrics. ... present their approaches and results to other student.

3 Module content Theory: - The classical linear model - Tests in the classical linear model - Generalized linear model - Asymptotics - Maximum Likelihood - Instrumental variables / GMM - Structural breaks - Unit roots and cointegration Applications: - Evaluation of causal effects - Fixed effects and difference-in-difference estimators - Regression discontinuity designs - Robust standard errors and clustering - Structural estimation with experimental data



6 Mode of end-of-module examination Written test: WT (90) Written test: TP



25

8 Other programmes that use the module Master of Science Economics: Basis- und Aufbaubereich Economics Master of Science Mathematics: VWL MA Mathe/Wirtschaftsmathe Master of Science Wirtschaftsmathematik: VWL MA Mathe/Wirtschaftsmathe

9 Module manager Univ.-Prof. Dr. Dominik Wied

10 Miscellaneous This course presents econometric tools with which to analyse cross-sectional data, time series and panel data at PhD level.


26

Core Module Mathematics / Methods

Module code 1289BMMM00

Workload 360h

ECTS credits 12



Duration 2 Terms

1 Courses a) Experimental Methods (Spring Term) b) Mathematics for Economists (Fall Term) c) Computational Methods (Spring Term)

Contact hours a) 60h b) 60h c) 60h

Self-Studies a) 120h b) 120h c) 120h

Course Language a) English b) English c) English

2 Learning objectives Students... ... apply basic analysis and linear algebra methods correctly. ... express in mathematical terms economic problems that they come across in their professional work. ... apply numerical methods and programs to solve and simulate quantitative structural economic models (Computational Methods). ... apply and assess different methods and applications of experimental economic re-search and interpret experimental data (Experimental Methods). ... adapt the terminology of the field to the target audience.

3 Module content Mathematics for economists (fall term): • Basic concepts of linear algebra • Linear systems of equations • Determinants • Eigenvalues and eigenvectors • Optimisation of functions with multiple variables • Systems of linear differential equations • Difference equations • Differential equations Experimental Methods (spring term): • Experimental methods in economic research • Experimental design • Performance of experiments • Evaluation of data from economic experiments Computational Methods (spring term): • Programming of numerical algorithms • Numerical approximation • Numerical solution of root and optimisation problems • Application to canonical economic problems • Parameterisation, solution and simulation of structural economic models



27


6 Mode of end-of-module examination Written test: WT (60) Written test: WT (90)

7 Prerequisites for awarding of credit points 1.) Passing the written test for one block I course. 2.) Passing the written test for one block II course. Only one course of block II must be attended; the examination for block II refers to the topic of only one course.


9 Module manager Prof. Dr. Rainer Dyckerhoff Univ.-Prof. Dr. Bettina Rockenbach Jun.-Prof. Dr. Martin Scheffel

10 Miscellaneous Compulsory reading: Mathematics for Economists: Mosler/ Dyckerhoff/ Scheicher, Mathe-matische Methoden für Ökonomen Literature: Experimental Methods: Friedman and Sunder, Experimental Methods: A Primer for Economists, Cambridge University Press (1994)


28

Core Module Mathematics / Methods (Research Track)


Workload 360h

ECTS credits 12



Duration 2 Terms

1 Courses a) a) Advanced Mathematics for Economists (WiSe) b) b) Experimental Methods (Research Track/SoSe) c) c) Computational Methods (Research Track/SoSe)



Course Language a) English b) English c) English

2 Learning objectives Students... ... The students ... ... apply mathematical argumentation and proof techniques properly. ... formulate and solve economic problems that occur during research mathematically. ... apply numerical methods and programs to solve and simulate quantitative structural economic models (Computational Methods). ... apply and assess different methods and applications of experimental economic re-search and interpret experimental data (Experimental Methods). ... adapt the terminology of the field to the target audience.

3 Module content Advanced Mathematics for Economists (fall term): • Overview of elementary mathematical concepts • Metric and normed spaces • Linear algebra • Differential calculus and applications • Convex sets and concave functions • Optimisation Experimental Methods (spring term): • experimental methods used in economic research • experimental design • performance of economic experiments • evaluation of the data from economic experiments. Computational Methods (spring term): • Programming of numerical algorithms • Numerical approximation • Numerical solution of root and optimisation problems • Application to canonical economic problems • Parameterisation, solution and simulation of structural economic models




29

6 Mode of end-of-module examination Written test: WT (60) Written test: WT (90)

7 Prerequisites for awarding of credit points 1.) Passing the written test for one block I course. 2.) Passing the written test for one block II course. Only one course of block II must be attended; the examination for block II refers to the topic of only one course.


9 Module manager Univ.-Prof. Dr. Martin Barbie Univ.-Prof. Dr. Bettina Rockenbach Jun.-Prof. Dr. Martin Scheffel

10 Miscellaneous Literature Experimental Methods: Friedman and Sunder, Experimental Methods: A Primer for Economists, Cambridge University Press (1994)


30

Core module Microeconomics II

Module code 1289BMMi02

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Game Theory

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... The students... ... acquire basic knowledge of game theory. ... understand where game theory can be applied in political and social science. ... identify the links between game theory and experimental economics.

3 Module content • Non-cooperative game theory • Games in normal form • Games in extensive form, with perfect and imperfect information • Finitely and infinitely repeated games • Cooperative game theory • Kern, Shapley value, negotiation solutions • Evolutionary game theory • Introduction • Social choice theory and voting • Condorcet’s paradox, Arrow’s theorem






9 Module manager Univ.-Prof. Dr. Bettina Rockenbach

10 Miscellaneous


31


32

Core Module Microeconomics II (Research Track)


Workload 180h

ECTS credits 6


Module availability every second semester - summer term

Duration 1 Term

1 Courses Advanced Microeconomics II

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... acquire and consolidate methodical knowledge relating to modern game theory. ... discuss the latest developments in game theory.

3 Module content • Static games of complete information: Nash equilibrium, mixed strategies • Dynamic games of complete information: subgame perfect Nash equilibrium, one-shot devia-tion principle, negotiations, forward induction • Static games of incomplete information: Bayesian Nash equilibrium, auctions • Dynamic games of incomplete information: Perfect Bayesian Nash equilibrium and refine-ments, signalling games • Current developments in game theory





8 Other programmes that use the module Master of Science Economics: Basis- und Aufbaubereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems:


33

Ergänzungsbereich Information Systems Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Specialisation Section Supplementary Section Master of Science Mathematics: VWL MA Mathe/Wirtschaftsmathe Master of Science Wirtschaftsmathematik: VWL MA Mathe/Wirtschaftsmathe

9 Module manager Univ.-Prof. Dr. Christoph Schottmüller

10 Miscellaneous


34

Core Module Macroeconomics II

Module code 1302BMMa02

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Macroeconomics II

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... understand the main macroeconomic models for price rigidity, unemployment and inflation. ... verify the models based on appropriate empirical data. ... derive recommendations for economic policy and evaluate their effects on the pro-tagonists affected. ... assess the recommendations by scrutinising the prerequisites for them.

3 Module content • Price rigidities: exogenous price rigidities, microfoundations of price rigidities • Unemployment: efficiency wages, employment contracts, search unemployment • Inflation and monetary policy: aims of monetary policy, optimum monetary policy, time inconsistency


5 Module entry requirements Recommended: Macroeconomics I




9 Module manager Univ.-Prof. Michael Krause , Ph.D.

10 Miscellaneous


35

Core Module Macroeconomics II (Research Track)


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Macroeconomics II (Research Track)

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... construct, solve and evaluate models that can be used to answer positive and nor-mative macroeconomic questions, particularly with regard to fluctuations in the econo-my. ... acquire a comprehensive understanding of current research and prepare their own, high-standard research. ... scrutinize methods for solving dynamic decision-making problems under uncertainty ... define and characterise market equilibriums under uncertainty and use empirical and numerical methods for quantitative evaluations and forecasts. ... apply these methodological skills, which are also in widespread use outside of mac-roeconomics, to questions of business cycle theory. ... consolidate their theoretical and empirical knowledge of short-term and medium-term macroeconomic processes and find out about the most important lines of research currently being undertaken in this field.

3 Module content • Dynamic optimisation under uncertainty, recursive methods • Calibration and introduction to structural estimation of model parameters • Numerical solution, simulation and evaluation of structural models • Vector autoregressions • Real business cycle theory • Consumption-based asset pricing • Overview of the significance of frictions on labour and credit markets, price rigidities • Introduction to the analysis of fiscal and monetary policy measures.


5 Module entry requirements Recommended: Core Module Mathematics, Core Module Microeconomics I, Core Module Mac-roeconomics I, Core Module Econometrics





36

Master of Science Economics: Basis- und Aufbaubereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Specialisation Section Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Science Economics ab WS 18/19: Supplementary Section Master of Science Mathematics: VWL MA Mathe/Wirtschaftsmathe Master of Science Wirtschaftsmathematik: VWL MA Mathe/Wirtschaftsmathe

9 Module manager CMR Center for Macroeconomic Research

10 Miscellaneous


37

2 Specialisation section Economics

Specialisation Module Seminar Design and Behavior

Module code 1289SMSD00

Workload 180h

ECTS credits 6


Module availability every term

Duration 1 Term

1 Courses Seminar Design and Behavior

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... The students... ...independently investigate current issues in research and applied practice in design and behavioural economics, applying the microeconomic knowledge they have acquired on the programme. ...critically study the theoretical and practical literature on the subjects. ...summarise their findings in a written paper, present their results and discuss them with the other seminar participants.

3 Module content Current issues in design, behavioural and experimental economics

4 Teaching and learning methods seminar


6 Mode of end-of-module examination Combined examination: PRES, TP

7 Prerequisites for awarding of credit points Passing the combined examination.

8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science International Management: Ergänzungsbereich International Management Master of Science Economics ab WS 18/19: Specialisation Section


10 Miscellaneous Relevant reading will be announced at the beginning of each term.


38

Specialisation Module Economic Engineering

Module code 1289SMEE00

Workload 180h

ECTS credits 6


Module availability every fourth term

Duration 1 Term

1 Courses Economic Engineering

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ...apply their theoretical and empirical skills to real markets. ...identify problems in markets and develop and discuss possible ... solutions. ...deal with current economic challgenges and present own research ideas.

3 Module content • Evaluation of the roles of theory and laboratory/field experiments in the development of mar-kets and incentive systems • Analysis of relevant behavioural phenomena and institutional details of particular importance for specific designs • Discussion of practical applications of economic engineering in matching markets, auctions and other markets



6 Mode of end-of-module examination Written test: TP


8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Sociology and Social Research: Ergänzungsbereich Sociology and Social Research Master of Science Business Administration - Media and Technology Management: Schwerpunktbereich Media and Technology Management Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems


39

Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Specialisation Section Supplementary Section

9 Module manager Univ.-Prof. Dr. Axel Ockenfels

10 Miscellaneous


40

Specialisation Module Auction Theory

Module code 1289SMAT00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Auction Theory

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... acquire a deeper understanding of the economic theory of auction design.

3 Module content • Auctions with “private values”: second-price auctions, first-price auctions, reservation prices, revenue equivalence theorem, extensions • Mechanism design: revelation principle, optimal mechanisms, efficient mechanisms • Auctions with “interdependent values“: comparisons of auction proceeds , linkage principle


5 Module entry requirements None



8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Sociology and Social Research: Ergänzungsbereich Sociology and Social Research Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development


41

Master of Science Economics ab WS 18/19: Specialisation Section Supplementary Section

9 Module manager Prof. Dr. Peter Cramton

10 Miscellaneous


42

Specialisation Module Contract Theory

Module code 1289SMVe00

Workload 180h

ECTS credits 6

Module Lan-guage German


Duration 1 Term

1 Courses Vertragstheorie

Contact hours 60h

Self-Studies 120h

Course Language German

2 Learning objectives Students... ...recognise the concepts of information economics. ...describe and model situations with information asymmetries between several parties. ...analyse and discuss causal relationships in contract theory. ...apply methods for solving contract theory problems.

3 Module content • Principal/agent models • Mechanism design • Hold-up problem • Incomplete contracts





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Sociology and Social Research: Ergänzungsbereich Sociology and Social Research Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft


43

Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Specialisation Section Supplementary Section

9 Module manager Univ.-Prof. Dr. Patrick W. Schmitz

10 Miscellaneous Compulsory reading will be announced each term.


44

Specialisation Module Behavioral Economics

Module code 1289SMBE00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Behavioral Economics

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... understand behavioural models and formal arguments. ... apply advanced microeconomic concepts. ... challenge arguments critically.

3 Module content Using the concept of the homo economicus, the module presents behavioural theory concepts that are based on findings from empirical and experimental research. The lectures provide an introduction to bounded rationality theories, focusing on those theo-ries’ criticism of the homo economicus concept.


5 Module entry requirements Recommended: Core modules in Microeconomics



8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Sociology and Social Research: Ergänzungsbereich Sociology and Social Research Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Business Administration - Corporate Development:


45

Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Specialisation Section Master of Science International Management: Ergänzungsbereich International Management Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Axel Ockenfels Univ.-Prof. Dr. Bettina Rockenbach

10 Miscellaneous


46

Specialisation Module Behavioral Economic Theory

Module code 1289SMET00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Behavioral Economic Theory (Research Track)

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ...understand formal concepts and follow formal arguments. ...apply elementary microeconomic concepts. ...challenge arguments.

3 Module content • Static behavioural equilibrium • Behavioural dynamics • Behavioural preference models • Multiple-self models • Thinking about thinking





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Economics ab WS 18/19: Specialisation Section Supplementary Section


10 Miscellaneous


47

Specialisation Module Topics in Design and Behavior A

Module code 1289SMTD01

Workload 180h

ECTS credits 6

Module Lan-guage German and English


Duration 1 Term

1 Courses Topics in Design and Behavior A

Contact hours 60h

Self-Studies 120h

Course Language German and English

2 Learning objectives Students... ...investigate current theoretical and applied issues in market and institution de-sign with the methods and theories used in behavioural economics and microeconom-ics. ...examine and assess the applicability of various economic concepts. ...discuss the results in written form and in class with other course participants.

3 Module content Latest issues in institution and market design, plus methods and theories used in be-havioural economics and applied microeconomics.









48

Specialisation Module Topics in Design and Behavior B


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Topics in Design and Behavior B

Contact hours 60h

Self-Studies 120h












49

Specialisation Module Topics in Design and Behavior C


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Topics in Design and Behavior C

Contact hours 60h

Self-Studies 120h





5 Module entry requirements Recommendations: Core modules Microeconomics







50

Specialisation Module Topics in Design and Behavior D


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Topics in Design and Behavior D

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ...investigate current theoretical and applied issues in market and institution de-sign with th methods and theories used in behavioural economics and microeconom-ics. ...examine and assess the applicability of various economic concepts. ...discuss the results in written form and in class with other course participants.










51

Specialisation module Matching and Market Design: Theory and Practice

Module code 1289SMMD00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Matching and Market Design: Theory and Practice

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... define theoretical models of matching markets. ... use a mixture of theory, experiments, and empirics to analyze existing matching mechanisms and, if necessary, design better ones

3 Module content • One-sided matching: House allocation and organ exchange • Two-sided matching: Entry-level labor markets • School choice and random assignment • Matching with contracts: Distributional constraints and internet-ad auctions • Large matching markets • Combinatorial assignment and course allocation





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Sociology and Social Research: Ergänzungsbereich Sociology and Social Research Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft:


52

Ergänzungsbereich Politikwissenschaft Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Specialisation Section Supplementary Section

9 Module manager Univ.-Prof. Dr. Alexander Westkamp

10 Miscellaneous More detailed information is available here: http://www.matching.uni-koeln.de/de/lehre


53

Specialisation Module Research in Personnel Economics: Incentives and Behaviour (Research Track)

Module code 1253SMRP00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses The Economics of Incentives in Organisations (1. Term)

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... The students... ... analyse formal economic models concerning the impact of incentives. ... discuss and compare current behavioural economics theories. ... perform economic model forecasts using game theory strategies. ... assess theoretical concepts based on empirical evidence. ... identify key statements in scientific articles and interpret the results independently.

3 Module content • Principal/agent models • Management pay • Social preferences and reference points • Incentives in teams • Incentives in multitasking • Contests and promotions • Intrinsic motivation


5 Module entry requirements Recommended: Knowledge of game theory and applied econometrics. It is recom-mended that students have gained a minimum of 42 ECTS credits in the core and ad-vanced section and/or the specialisation section, with a minimum average mark of 2.0.



8 Other programmes that use the module Master of Science International Management: Ergänzungsbereich International Management Master of Science Business Administration - Corporate Development: Schwerpunktbereich Corporate Development Ergänzungsbereich Corporate Development Master of Science Business Administration - Finance:


54

Ergänzungsbereich Finance Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Economics: Schwerpunktbereich Economics

9 Module manager Univ.-Prof. Dr. Dirk Sliwka

10 Miscellaneous The module teaches students how incentive systems can be analysed using formal economic models. It also presents the latest research findings on the impact of incen-tives. This module consists of at least one course which takes place either until the middle of the semester (1. term) or from the middle of the semester (2. term). You can find this information in the field “Courses” of the module descriptions.


55

Specialisation Module Seminar in Energy, Resource and Environmental Economics

Module code 1289SMSE00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Seminar in Energy, Resource and Environmental Economics

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... acquire the skills necessary for independent conceptual work in the fields of energy, environ-mental, resource or climate change economics. ... independently analyse current issues in research and practice, using the economics knowledge gained on the programme. ... critically examine the subject-specific, scientific and applied literature, summarise their findings in a piece of written work, present the results in a seminar and discuss them with the other seminar participants.

3 Module content • Varying topics from the areas of: • Energy economics • Environmental economics • Resource economics • Climate change economics





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Economics ab WS 18/19: Specialisation Section


56


10 Miscellaneous


57

Specialisation Module Energy Markets and Regulation (Master)

Module code 1289SMER02

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Energy Markets and Regulation

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... The students... ... acquire the skills necessary for work in the media, parties, research institutes, banks and other institutions where a good understanding of energy markets and regulation is useful. ... prepare for more advanced research in these areas. ... use empirical facts and main institutions related to examine the subject matter dealt with and assess them critically to determine their relevance. ... study the theoretical, empirical and applied literature on said subject matter. ... discuss and assess the subject matter dealt with, using the economic knowledge they have gained on the programme.

3 Module content • Economic and technical fundamentals of the energy sector • Energy markets • Functioning of the electricity market • Transmission grids • Regulation





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Information Systems:


58

Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science International Management: Ergänzungsbereich International Management Master of Science Economics ab WS 18/19: Specialisation Section


10 Miscellaneous


59

Specialisation Module Energy, Resources, Environment and the Economy

Module code 1289SMER00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Energy, Resources, Environ-ment, and the Economy

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... The students... ... acquire the skills necessary for work in the media, parties, research institutes, banks and other institutions where a good understanding of energy markets and regulation is useful. ... prepare for more advanced research in these areas. ... use empirical facts and main institutions related to examine the subject matter dealt with and assess them critically to determine their relevance. ... study the theoretical, empirical and applied literature on said subject matter. ... discuss and assess the subject matter dealt with, using the economic knowledge they have gained on the programme.

3 Module content • Economic and technical principles of the energy industry • Energy markets • Resource economics • Environmental economics





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics International Master of Environmental Sciences: Wiso-Module IMES Master of Science Economics ab WS 18/19: Specialisation Section Master of Arts Regionalwissenschaften Lateinamerika: VWL MA Reg Lateinamerika


60

Master of Arts Regionalwissenschaften China: VWL MA Reg China Master of Arts Regionalwissenschaften Osteuropa: VWL MA Reg Osteuropa Master of Science Geographie: VWL Master Geographie Master of Science Mathematics: VWL MA Mathe/Wirtschaftsmathe Master of Science Wirtschaftsmathematik: VWL MA Mathe/Wirtschaftsmathe

9 Module manager PD Dr. Dietmar Lindenberger

10 Miscellaneous


61

Specialisation Module Topics in Energy Markets and Regulation A

Module code 1289SMTE01

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Topics in Energy Markets and Regulation A

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... acquire the skills necessary for work in the media, parties, research institutes, banks and other institutions where a good understanding of energy markets and regulation is useful. ... prepare for more advanced research in these areas. use empirical facts and main institutions related to examine the subject matter dealt with and assess them critically to determine their relevance. ... study the theoretical, empirical and applied literature on said subject matter. ... discuss and assess the subject matter dealt with, using the economic knowledge they have gained on the programme.

3 Module content • Economic and technical fundamentals of the energy sector • Energy markets • Functioning of the electricity market • Transmission grids • Regulation





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft:


62

Ergänzungsbereich Politikwissenschaft Master of Science Economics ab WS 18/19: Specialisation Section


10 Miscellaneous


63

Specialisation Module Topics in Energy Markets and Regulation B


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Empirical Energy Economics

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... qualify themselves for independent conceptual work in the fields of Energy Markets and Regulation. ... assess current scientific and applied issues independently, using the economic knowledge they have gained on the programme. ... study the theoretical, empirical and applied literature on said subject matter. ... summarise their findings in a written paper,present their results and discuss them with the other particpants.

3 Module content • Econometric models of energy economics • Energy markets • Regulation





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Economics ab WS 18/19: Specialisation Section

9 Module manager


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Univ.-Prof. Dr. Marc Oliver Bettzüge

10 Miscellaneous


65

Schwerpunktmodul Topics in Energy, Resources, Environment and the Economy A


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Model UNFCCC – Climate Change Strategy Role Play

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... The students... ... acquire the skills necessary for work in the media, parties, research institutes, banks and other institutions where a good understanding of energy markets and regulation is useful. ... prepare themselves for more advanced research in these areas. ... use empirical facts and main institutions related to examine the subject matter dealt with and assess them critically to determine their relevance. ... study the theoretical, empirical and applied literature on said subject matter. ... discuss and assess the subject matter dealt with, using the economic knowledge they have gained on the programme.

3 Module content • Economic and technical fundamentals of the energy sector • Economics of climate change • Resource economics • Environmental economics



6 Mode of end-of-module examination Portfolio: PO

7 Prerequisites for awarding of credit points Passing the exam.

8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics International Master of Environmental Sciences: Wiso-Module IMES Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Information Systems:


66

Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Economics ab WS 18/19: Specialisation Section


10 Miscellaneous


67

Specialisation Module Topics in Energy, Resources, Environment and the Economy B


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Topics in Energy, Resources, Environment, and the Economy B

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... qualify for independent conceptual work in the fields of Energy Markets and Regula-tion ... assess current scientific and applied issues independently, using the economic knowledge they have gained on the programme. ... study the theoretical, empirical and applied literature on said subject matter. ... summarise their findings in a written paper, present their results in a seminar and discuss them with the other particpants.

3 Module content • Economic and technical fundamentals of the energy sector • Energy markets • Resource economics • Environmental economics





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics International Master of Environmental Sciences: Wiso-Module IMES Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft


68

Master of Science Economics ab WS 18/19: Specialisation Section

9 Module manager PD Dr. Dietmar Lindenberger

10 Miscellaneous


69

Specialisation module Seminar in Growth, Labor and Inequality in the Global Economy

Module code 1302SMSG00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Seminar in Growth, Labor and Inequality in the Global Econo-my

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... independently investigate current issues in research and applied practice in the area of growth, labour and inequality and ... apply the theoretical and empirical skills they have acquired on the programme when conduct-ing their investigation. ... critically study the theoretical and practical literature on the subjects. ... summarise their findings in a written paper, present their results and discuss them with the other seminar participants.

3 Module content The content is based on key or current issues and methods used in academic work.





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Economics ab WS 18/19: Specialisation Section


10 Miscellaneous


70

Specialisation module Foundations in Growth, Labor and Inequality in the Global Economy A

Module code 1302SMFG01

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Growth, Inequality and Struc-tural Change

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... describe the elementary empirical facts concerning the topics covered in the respec-tive course. ... understand the economic theory models relating to those topics. ... explain the empirical facts using those models. ... use the models to structure and answer current economic policy questions taking into account the empirical facts.

3 Module content 100 years of technological progress have tenfold increased the per capita income of OECD countries. In less than one hour, a worker with average productivity produces the per capita consumption of one day in 1917. Will labor become obsolete in the fu-ture? If so, is this a blessing or a curse? Does a competitively organized market econ-omy pay increasingly abundant workers worse and worse? What happened and will happen to labor’s share in national income? While technical progress raised average wages, the labor earnings distribution became more and more unequal. Is technical change inherently biased against some types of skills? Is there a race between tech-nology and education? If so, how to win? Biased technical progress changes the rela-tionship between capital and labor, between work and leisure, between skills, between education levels, between agriculture, industry and services, between the market and the state, between the economy and the environment, between regions and countries. This course presents empirical facts about technical change, structural change and inequality. It grants an insight into modern growth theory and uses its tools to explain these stylized facts and to speculate about the future. It studies causes and conse-quences of technical change in particular for the affluent society. Topics include (not necessarily in this order): • Reminder: Neoclassical Growth • The Rate and the Direction of Technical Change • Automation, Work and Leisure. • Sectorial Change (Deindustrialization, Services, Real Estate, Rise of the State) • Technical Change and Persistent Inequality o Labor and Capital: - When does capital accumulation reduce labor’s share? - When does technical change reduce labor’s share? o Labor and Real Estate: How productivity growth generates abundance and poverty. o Skilled Labor, Unskilled Labor and the Skill Premium. - Globalization and Institutions - Capital-Skill Complementarity - Biased Technical Change • The Affluent Society and its Economic Problems.


71


5 Module entry requirements Recommended: Core Macroeconomics I or Core Macroeconomics I (Research Track)



8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Economics ab WS 18/19: Specialisation Section Master of Arts Regionalwissenschaften Lateinamerika: VWL MA Reg Lateinamerika Master of Arts Regionalwissenschaften China: VWL MA Reg China Master of Arts Regionalwissenschaften Osteuropa: VWL MA Reg Osteuropa Master of Science Geographie: VWL Master Geographie Master of Science Mathematics: VWL MA Mathe/Wirtschaftsmathe Master of Science Wirtschaftsmathematik: VWL MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Supplementary Section


10 Miscellaneous


72

Specialisation module Foundations in Growth, Labor and Inequality in the Global Economy B


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Macroeconomics of the Labor Market

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... describe the elementary empirical facts concerning the topics covered in the course. ... understand the economic theory models relating to those topics. ... explain the empirical facts using those models. ... use the models to structure and answer current economic policy questions taking into account the empirical facts.

3 Module content • Dynamic development of labour and employment • Labour market movements and inter-firm mobility • Wage inequalities and wage developments • Structural, frictional and cyclical unemployment • Wage negotiation models (individual and collective) • International factor mobility • Employment policy


5 Module entry requirements Recommended: Core Module Macroeconomics II



8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Economics ab WS 18/19: Specialisation Section


73

Master of Arts Regionalwissenschaften Lateinamerika: VWL MA Reg Lateinamerika Master of Arts Regionalwissenschaften China: VWL MA Reg China Master of Arts Regionalwissenschaften Osteuropa: VWL MA Reg Osteuropa Master of Science Geographie: VWL Master Geographie Master of Science Mathematics: VWL MA Mathe/Wirtschaftsmathe Master of Science Wirtschaftsmathematik: VWL MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Supplementary Section


10 Miscellaneous


74

Specialisation module Foundations in Growth, Labor and Inequality in the Global Economy C


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) Inequality b) Development Economics




2 Learning objectives Students... ... apply the approach of new political economy and scrutinize the most important theo-retical models of collective choice and social choice. ... formalize and analyze questions of redistribution and inequality within these models. ... discuss and evaluate the outcomes of different institutional setting with the tools of collective choice.

3 Module content The course will be composed of two parts. a) The focus of the first part will be on introducing some of the most important theoretical models of collective choice (basics of social choice, models of voting and electoral competi-tion, political agency, special interest politics, corruption, conflict). In the second part of the course the models and tools developed in the first part will be used to discuss questions surrounding the topics inequality and redistribution. b) will be added in MHB 19/20


5 Module entry requirements none





75

Supplementary Section


10 Miscellaneous Lectures will mostly be based on research articles. Students will be provided with prob-lem sets, the solutions of which will be (briefly) discussed in class. b) Lecture will be held in winter term 19/20


76

Specialisation module Topics in Growth, Labor and Inequality in the Global Economy

Module code 1302SMTG00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) Determinants of Growth in Economic History (DGEH) b) Growth, Energy, Climate (GEC)




2 Learning objectives Students... ... describe the elementary empirical facts concerning the topics covered in the respec-tive course. ... understand the economic theory models relating to those topics. ... explain the empirical facts using those models. ... use the models to structure and answer current economic policy questions taking into account the empirical facts.

3 Module content Depending on the chosen course: • Micro- and macroeconomics of economic development (Development Economics) • Topics concerning growth, energy and climate change


5 Module entry requirements Core module Econometrics I or Core Module Econometrics (Research Track) (DGEH)


7 Prerequisites for awarding of credit points Passing the written test. Only one course must be attended; the examination refers to the topic of only one course.

8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Economics ab WS 18/19: Specialisation Section Supplementary Section


77


10 Miscellaneous


78

Specialisation module: Seminar Markets and Institutions

Module code 1302SMSI00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Seminar Markets and Institu-tions

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... The students... ... discuss the current issues in theory and applied practice, applying the microeconomic knowledge they have acquired on the programme. ... read the theoretical and practical literature on the subject and discuss it in a critical manner. ... summarise their findings in an essay, present them in class and discuss them with the other participants. ... engage in academic discourse about specific markets and institutions.

3 Module content Current issues relating to microeconomic theory, empirical microeconomics, experi-mental economics, markets and institutions in general.





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science International Management: Ergänzungsbereich International Management Master of Science Economics ab WS 18/19: Specialisation Section Supplementary Section

9 Module manager Univ.-Prof. Dr. Felix Höffler Univ.-Prof. Dr. Johannes Münster Univ.-Prof. Dr. Susanne Prantl

10 Miscellaneous


79


80

Specialisation module Competition Policy

Module code 1289SMCP00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Competition Policy

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... recognise, based on models of competition theory, how competitive markets work. ... discuss the causes of market power and its effects in terms of welfare economics. ... assess, evaluate and debate cases that illustrate competition policy in practice and use competition theory to analyse them.

3 Module content • Institutional background: competition policy in Germany, the EU and the US • Market power: theory and measurement • Unilateral abuse of market power: horizontal and vertical restraints on competition • Multilateral abuse of market power: cartels and implicit agreements





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Media and Technology Management: Schwerpunktbereich Media and Technology Management Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science International Management:


81

Basis- und Aufbaubereich International Management Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Specialisation Section Master of Arts Regionalwissenschaften Lateinamerika: VWL MA Reg Lateinamerika Master of Arts Regionalwissenschaften China: VWL MA Reg China Master of Arts Regionalwissenschaften Osteuropa: VWL MA Reg Osteuropa Master of Science Geographie: VWL Master Geographie Master of Science Mathematics: VWL MA Mathe/Wirtschaftsmathe Master of Science Wirtschaftsmathematik: VWL MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Felix Höffler

10 Miscellaneous


82

Specialisation Module Specific Markets A

Module code 1289SMSM01

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) Media Economics (Markets & Institutions) b) Strategy and Economics of Platforms



Course Language a) English

2 Learning objectives Students... ... study methods of economics used for analyzing specific markets, such as, for exam-ple, health markets or media markets. ... acquire a range of instruments to help them answer questions in connection with these markets. ... understand basic characteristics of platform markets and markets with network ef-fects. ... reproduce the relevant theories from Economics and Strategic Management theory. ... apply theory to current questions in platform markets on strategy and public policy.

3 Module content Medie Economics • The relevant actors on these markets, their objectives and constraints • The interaction between these actors • Market equilibrium, efficiency and frictions Strategy and Economics of Platforms • Characteristics of platform markets and markets with network effects • Basic strategies in platform markets • Pricing • Complementary products • Importance of standards • Asymmetric information and reputation • Platform design • Regulation and public policy in platform markets


5 Module entry requirements Recommended (for Strategy and Economics of Platforms): Core Module Microeconom-ics II


7 Prerequisites for awarding of credit points


83

Passing the written test. One course has to be chosen.

8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science International Management: Ergänzungsbereich International Management Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Specialisation Section Supplementary Section

9 Module manager Univ.-Prof. Dr. Johannes Münster

10 Miscellaneous


84

Specialisation Module Specific Markets B

Module code 1289SMSM02

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Information problems in healthcare markets (Master Economics)

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... understand economic methods that can be used for theoretical analysis of healthcare markets. ... evaluate health policy measures independently.

3 Module content • Relevant players on these markets, their objectives and factors of relevance to deci-sion-making • Relationships between the players and implications for healthcare market design • Analysis of existing healthcare systems within and outside the European region





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Specialisation Section


85

Supplementary Section


10 Miscellaneous


86

Schwerpunktmodul Topics in Markets and Institutions A

Module code 1302SMTM02

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Topics in Markets and Institu-tions A

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... describe why certain industries are regulated. ... analyse the possibilities and limitations of regulation. ... apply theoretical knowledge to real cases and industries.

3 Module content • What is regulation? Which industries are regulated and why? • Institutional background of selected industries (e.g. electricity, telecommunication) • Natural monopolies and “essential facilities” • Access to one-sided networks (electricity, fixed-line network, rail) • Access to two-sided networks (mobile telecommunication) • Consumer protection and regulation • Selected current issues in regulation






9 Module manager Univ.-Prof. Dr. Felix Höffler

10 Miscellaneous The courses will be held weekly during term or in the form of block tuition.


87

Specialization Module Topics in Markets and Institutions B


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) Topics in Markets and Insti-tutions B b) Empirical Industrial Organi-zation (Research Track)




2 Learning objectives Students... ... practise applying and assessing empirical methods used in the field of industrial economics, based on fundamental and current research contributions (e.g. demand estimation, structural estimation of production functions, models of market entry). ... thereby gain advanced knowledge of econometric methods, apply selected models used in theoretical industrial economics and assess intervention through competition policy and regulation.

3 Module content • Empirical industrial economics • Empirical modelling, econometric methods and economic theory • Competition policy and regulation • Use of statistical and econometric software


5 Module entry requirements Recommendations: Core module Econometrics or Econometrics (Research Track), core module Microeconomics I or Microeconomics I (Research Track)


7 Prerequisites for awarding of credit points Passing the written test. Only one course must be attended; the examination refers to the topic of only one course.


9 Module manager Univ.-Prof. Dr. Susanne Prantl

10 Miscellaneous


88

The "Empirical Industrial Organization (Research Track)" course consists of lectures and integrated exercise units. In the latter, the students learn how to use statistical and econometric software and practise applying empirical methods used in industrial eco-nomics. Additional information will be provided at the beginning of the term in the rele-vant online systems.


89

Specialisation Module Topics in Markets and Institutions C


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Industrial Economics (Research Track)

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... describe advanced concepts and tools used in industrial economics theory. ... analyse markets with a small number of enterprises (monopolies and oligopolies). ... analyse the economics of various types of corporate strategies. ... evaluate current developments in industrial economics theory.

3 Module content • Monopolies and oligopolies • Various types of corporate strategies: - price strategies, e.g. price discrimination, price competition, quantity competition - non-price strategies, e.g. product differentiation, innovation, communication, advertis-ing - anti-competitive strategies, e.g. collusion, horizontal mergers, vertical restrictions, exclusion


5 Module entry requirements No recommendations.


7 Prerequisites for awarding of credit points Passing the written test



10 Miscellaneous Relevant literature and required reading will be announced during the lectures. This module is creditable as part of the doctoral studies at the WiSo Faculty.


90


91

Specialisation Module Common Topics: Markets and Institutions/ Public Economics

Module code 1302SMMP00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Economics of Innovation

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ...analyze and assess advanced empirical approaches to identifying causal relation-ships on topics in the area of economics of innovation, … acquire and use methods for the evaluation of research, innovation, or growth policy interventions in innovation processes and markets, … extend their knowledge of econometric methods and build on their knowledge of economic theory, … study the relevance of core characteristics of the relevant data and get to know im-portant data sources, ... scrutinize current scientific literature, are introduced to new research questions and get motivated to developing originate research ideas.

3 Module content • Pivotal and current empirical research on selected topics in economics of innovation: - ideas and knowledge production, adoption and diffusion of technologies, mobili-ty of innovators - competition in product markets, innovation and economic growth - intellectual property rights, science and basic research, design of incentive mechanisms for innovators - bounded rational and rational decisions of innovators, firms and consumers in new markets • Methods of empirical modeling, econometric methods, economic theory and data sources • Instruments of research policy, innovation policy and growth policy


5 Module entry requirements Recommended: Core module Econometrics, core module Microeconomics I and core module Macroeconomics I or the corresponding Research Track courses



8 Other programmes that use the module Master of Science Economics:


92

Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development


10 Miscellaneous The specialization module can be taken as part of one single specialization field, and selectable fields are „Macroeconomics and Public Economics“ or „Markets and Institu-tions“ or „Selected Issues in Economics“. Additional information will be provided in the relevant online systems along with the announcement of the course.


93

Specialisation module Matching and Market Design: Theory and Practice

Module code 1289SMMD00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Matching and Market Design: Theory and Practice

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... define theoretical models of matching markets. ... use a mixture of theory, experiments, and empirics to analyze existing matching mechanisms and, if necessary, design better ones

3 Module content • One-sided matching: House allocation and organ exchange • Two-sided matching: Entry-level labor markets • School choice and random assignment • Matching with contracts: Distributional constraints and internet-ad auctions • Large matching markets • Combinatorial assignment and course allocation





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Sociology and Social Research: Ergänzungsbereich Sociology and Social Research Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft:


94

Ergänzungsbereich Politikwissenschaft Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Specialisation Section Supplementary Section

9 Module manager Univ.-Prof. Dr. Alexander Westkamp

10 Miscellaneous More detailed information is available here: http://www.matching.uni-koeln.de/de/lehre


95

Specialisation module Seminar in Macroeconomics, Money and Financial Markets

Module code 1302SMSF00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Seminar in Macroeconomics, Money and Financial Markets

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... The students... ... acquire the skills needed for jobs requiring independent conceptual work in the field of "Macro-economics, Money and Financial Markets". ... independently investigate current issues in research and applied practice in macroe-conomics, money and financial markets and ... apply the theoretical and empirical skills they have acquired on the programme while doing so. ... critically study the theoretical and practical literature on the subjects. ... summarise their findings in a written paper, present their results and discuss them with the other seminar participants. ... engage in academic discourse.

3 Module content The content is based on fundamental or current issues and covers academic work methods.





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Economics ab WS 18/19: Specialisation Section Master of Science International Management: Ergänzungsbereich International Management

9 Module manager Univ.-Prof. Dr. Andreas Schabert

10 Miscellaneous


96


97

Specialisation module Foundations in Macroeconomics, Money and Financial Markets A

Module code 1302SMFM04

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Money and Financial Markets

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... The students... ... learn about fundamental theoretical concepts in monetary policy and financial mar-kets at a level that reflects practice. ... apply basic model analysis and policy assessment methods. ... understand key aspects of financial intermediation and how they are regulated as well as how they are linked to macroeconomic issues.

3 Module content • Central banks and money supply • Monetary policy instruments • Money demand concepts • Monetary transmission • Financial intermediation and banks • Financial market imperfections • Regulation of financial markets and banks





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Economics ab WS 18/19:


98

Specialisation Section Master of Science International Management: Ergänzungsbereich International Management


10 Miscellaneous


99

Specialisation module Foundations in Macroeconomics, Money and Financial Markets B


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses International Macroeconomics

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... outline fundamental theoretical concepts in international macroeconomics at the applied level. ... apply fundamental methods used in empirical models and policy assessment. ... understand how exchange rates are determined, how economic shocks are transmit-ted, under-stand monetary policy in open economies and balance of payments difficul-ties. ... understand the structure of fundamental economic and empirical knowledge in the field of "In-ternational Macroeconomics".

3 Module content • Institutional background knowledge • Monetary model of exchange rate determination • Lucas model • International real business cycles • Currency market efficiency • Mundell-Fleming model • New international macroeconomics • Balance of payments crises





8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems


100

Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Economics ab WS 18/19: Specialisation Section


10 Miscellaneous


101

Specialisation module Foundations in Macroeconomics, Money and Financial Markets C


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Public Debt

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... analyse elementary empirical facts concerning public debt. ... perform analytical assessments of the allocative effects of public debt. ... perform analytical assessments of the welfare effects of public debt. ... analyse the impact of state debt under altruism. ... analyse the similarities in the way in which public debt and pay-as-you go retirement pensions work.

3 Module content • Basic methods: OLG model • Theory of public debt (closed and open economy) • Ricardian equivalence • Theory of provions for old age • Optimal public debt under distortionary taxation






9 Module manager


102

Univ.-Prof. Dr. Andreas Schabert

10 Miscellaneous


103

Specialisation module Topics in Macroeconomics, Money and Financial Markets


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Topics in Macroeconomics, Money and Financial Markets

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... outline the elementary empirical facts in the area of financial markets and monetary policy. understand the economic theory models relating to those topics. ... explain the empirical facts using those models. ... use the models to structure and answer current economic policy questions taking into account the empirical facts.

3 Module content • recent and advanced topics in the field of Macroeconomics, Money and Financial Markets







10 Miscellaneous


104


105

Specialisation Module Seminar in Macroeconomics and Public Economics

Module code 1302SMSP00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) Seminar in Macroeconomics and Public Economics b) Seminar Public Expenditure Economics and Reform




2 Learning objectives Students... ... in the seminar in Macroeconomics and Public Economics: ... Students… ... independently investigate current issues in research and applied practice in the area of macro-economics and public economics ... apply the theoretical and empirical skills they have acquired on the programme when conducting their investigation. ... critically study the theoretical and practical literature on the subjects. ... summarise their findings in a written paper, present their results and discuss them with the other seminar participants. ... engage in academic discourse.... in the seminar in Public Expenditure Economics and Reform: ... Students.. ... identify weaknesses and strengths of different budget systems and how they control public expenditure. ... reconstruct the motivation for and success of various international budget-related policy re-forms. ... can differentiate between reform elements that can be transferred between different countries and those that cannot. ... outline implementable policy designs with real institutions as models vor einem real-institutionellen Hintergrund, ... demonstrate that they are capable of presenting in visual terms the results of anal-yses for a non-technical audience and write interesting and convincing policy papers. ... engage in academic discourse.

3 Module content Seminar in Macroeconomics and Public Economics: Theory of optimal taxes, particularly optimal income tax rate design and optimal mix of direct and indirect taxes. Addition of dynamic aspects to these models to facilitate analysis of questions regard-ing opti-mum design of public debt and design of social insurance systems Political economics of tax and transfer systems on the one hand and publicly provided goods on the other Empirical examination of the effects of tax and transfer systems Theory of public goods and theory of externalities Fiscal federalism, soft budget constraints and tax competition Seminar in Public Expenditure Economics and Reform: The public budget: budgeting principles and practice The traditional budget process and its shortcomings


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Top-down budget reforms and political management Accrual accounting in the public sector Management reforms in the public sector Integration of performance, evaluation and monitoring in the budget process Budget transparency and participatory budgeting




7 Prerequisites for awarding of credit points Passing the combined examination. Only one course must be attended; the examina-tion refers to the topic of only one course.


9 Module manager Univ.-Prof. Dr. Felix Bierbrauer

10 Miscellaneous


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Specialisation Module Foundations in Macroeconomics and Public Economics A


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Tax Policy

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... are aware of current research findings in the theory of taxation and its implications for current tax policy issues. ... apply the information economics principles of modern tax theory. ... read specialist journals critically.

3 Module content • Optimal taxation of income and products • Optimal tax structure: direct versus indirect taxation • Optimal tax policy, public goods and eco-taxes • New dynamic public finance • Political economics of tax policy • Tax competition







10 Miscellaneous


108

Specialisation Module Foundations in Macroeconomics and Public Economics B


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Advanced Public Economics: Mechanism Design, Public Goods and Externalities

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... gain methodological competence in the characterisation of possible results of eco-nomic policy and design of optimum institutions under private information ... Analysis of market failure due to externalities ... Understanding of the conflict between freedom and efficiency goals

3 Module content Games with imperfect information Revelation principle Clarke-Groves mechanisms Expected externality mechanism Myerson-Satterthwaite impossibility theorem for efficiency in multilateral trading Mailath-Postlewaite impossibility theorem for efficiency of voluntary provision of public goods







10 Miscellaneous


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110

Specialisation module Foundations in Macroeconomics and Public Economics C


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Fiscal federalism and federal financial compensation

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... discover the channels of effective public economics policy advice by examining real-life cases. ... discover the specific requirements that political and administrative practice place on economic research. ... structure multi-dimensional design criteria for fiscal policy instruments – allocative efficiency, operational effectiveness and efficiency, justice, transparency, legal con-formity, anticipated polit-ical acceptance – in a solution-oriented manner. ... plan a prototype advisory project and the management thereof, based on typical research questions in the political field. ... program a stylised financial adjustment model in Stata (and possibly Excel) ... obtain data from various public and academic databases ... use necessary data processing and import routines (creation of a master-do file and other similar routines) ... evaluate demand and financial strength indicators based on descriptive and regres-sion analy-sis statistics ... calculate the effects of prototype reforms or shocks, within the stylised fiscal adjust-ment model ... demonstrate that they can create a graphical visualisation of the results of the analy-sis for a non-technical audience. ... identify obstacles to solutions plus trade-offs between targets or policymakers and outline possible compromise solutions.

3 Module content In this module, students learn fundamental techniques and paradigms of effective eco-nomic policy advising. For policy advice to be effective, it must be in line with the actual political de-mand for economic expertise. The students learn how to understand typical questions posed by policymakers to (public economics) researchers, to assign them to an area of action and to an-swer them in a way that allows progress in the respective field of policy without compromising the independence of the research. They do this through a “learning by doing” approach in the public economics research area of “Fiscal federalism and financial adjustment”. The content of the module comprises theoretical requirements, economic models and institution-al and legal frameworks: • Economic theory of fiscal federalism • Division of responsibilities in multi-level states • Tax allocation in multi-level states • Federal competition • Horizontal and vertical cooperation • Financial adjustment between the federal state and local levels The module content focuses on fiscal adjustment, which is used as an example to


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show how public economics policy advising works in practice.


5 Module entry requirements Recommended: Basic knowledge in Finance. Basic familiarity with calculation and sta-tistics software (Stata, Excel)





10 Miscellaneous The “Fiscal federalism and adjustment” course is delivered by the Managing Director of the Institute for Public Economics at the University of Cologne, Michael Thöne, and the Institute’s research assistants.


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Spesialisation Module Topics in Macroeconomics and Public Economics


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) Sustainability and demo-graphic dependency of public finance b) Advanced Taxation Theory



Course Language a) German b) English

2 Learning objectives Students... ... on the “Sustainability and demographic dependency of public finance” course: ... discover the channels of effective public economics policy advice by examining real-life cases. ... discover the specific requirements that political and administrative practice place on economic research. ... structure multi-dimensional design criteria for fiscal policy instruments – allocative efficiency, operational effectiveness and efficiency, intragenerational and intergenera-tional equity, transpar-ency, legal conformity, anticipated political acceptance – in a solution-oriented manner. ... plan a prototype advisory project and the management thereof, based on typical research questions in the political field. ... program a stylised sustainability model in Stata (and possibly Excel) ... obtain data from various public and academic databases ... use necessary data processing and import routines ... evaluate demographic impacts on publicly provided goods and financing thereof, based on descriptive and regression analysis statistics ... calculate the long-term effects of prototype fiscal policy reforms or shocks, within the stylised sustainability model ... demonstrate that they can create a graphical visualisation of the results of the analy-sis for a non-technical audience. ... identify obstacles to solutions plus trade-offs between targets or policymakers and outline possible compromise solutions. ... ... on the “Advanced Taxation Theory” course: ... describe an optimal taxation problem in formal terms. ... use the mathematical methods to solve these models ... describe the established conclusions of optimal tax theory ... adopt, classify and assess the latest research findings.

3 Module content Sustainability and demographic dependency of public finance In this module, students learn fundamental techniques and paradigms of effective eco-nomic policy advising. For policy advice to be effective, it must be in line with the actual political de-mand for economic expertise. The students learn how to understand typical questions posed by policymakers to (public economics) researchers, to assign them to an area of action and to an-swer them in a way that allows progress in the respective field of policy without compromising the independence of the research. They do this through a “learning by doing” approach in the public economics research area of “Sus-


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tainability and demographic dependency of public fi-nance”. The content of the module comprises theoretical requirements, economic models and institution-al and legal frameworks: • Burden shifting through public debt • Macroeconomic impact of public debt in open economies • Sustainability of fiscal policy • Generational accounting • Demography-dependent public expenditure • Long-term efficiency of the tax system • Preventive instruments: debt ceilings and fiscal pacts • Corrective instruments: rescheduling, refinancing and restructuring The module content focuses on sustainability analyses based on the OECD model, which are used as an example to show how public economics policy advising works in practice. Advanced Taxation Theory: Optimal non-linear taxation: methods Justification for optimal linear taxes from an information economics point of view Optimal tax structure: direct versus indirect taxation Optimal taxation of capital income Current trends in the literature


5 Module entry requirements Recommended: basic knowledge of public economics For the “Sustainability and de-mographic dependency of public finance” course: basic familiarity with spreadsheet and statistical software (Stata, Excel)


7 Prerequisites for awarding of credit points A pass the written test. Only one course must be attended; the examination refers to the topic of only one course.



10 Miscellaneous The “Sustainability and demographic dependency of public finance” course is delivered by the Managing Director of the Institute for Public Economics at the University of Co-logne, Michael Thöne, and the institute’s research assistants.


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Specialisation Module Common Topics: Markets and Institutions/ Public Economics

Module code 1302SMMP00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Economics of Innovation

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ...analyze and assess advanced empirical approaches to identifying causal relation-ships on topics in the area of economics of innovation, … acquire and use methods for the evaluation of research, innovation, or growth policy interventions in innovation processes and markets, … extend their knowledge of econometric methods and build on their knowledge of economic theory, … study the relevance of core characteristics of the relevant data and get to know im-portant data sources, ... scrutinize current scientific literature, are introduced to new research questions and get motivated to developing originate research ideas.

3 Module content • Pivotal and current empirical research on selected topics in economics of innovation: - ideas and knowledge production, adoption and diffusion of technologies, mobili-ty of innovators - competition in product markets, innovation and economic growth - intellectual property rights, science and basic research, design of incentive mechanisms for innovators - bounded rational and rational decisions of innovators, firms and consumers in new markets • Methods of empirical modeling, econometric methods, economic theory and data sources • Instruments of research policy, innovation policy and growth policy


5 Module entry requirements Recommended: Core module Econometrics, core module Microeconomics I and core module Macroeconomics I or the corresponding Research Track courses





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Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development


10 Miscellaneous The specialization module can be taken as part of one single specialization field, and selectable fields are „Macroeconomics and Public Economics“ or „Markets and Institu-tions“ or „Selected Issues in Economics“. Additional information will be provided in the relevant online systems along with the announcement of the course.


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Specialisation Module Time Series Analysis

Module code 1314SMTS00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Time Series Analysis

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... deepen their knowledge of statistical econometric methods for analysing time series data. ... specify ARIMA processes as well as estimate and interpret ARIMA parameters. ... predict economic time series. ... model time-varying volatility. ... analyse the dynamic relation between multivariate time series with vector auto-regressive models, estimate the effects of economic shocks and interpret the results.

3 Module content • ARIMA models • Estimation and forecasting of ARIMA processes • Goodness of fit and model selection • GARCH processes • Dynamic regression models • Cointegration and Granger causality • co-integrated time series

4 Teaching and learning methods lecture practice project

5 Module entry requirements Core Module Econometrics I



8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management:


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Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Specialisation Section Supplementary Section

9 Module manager Univ.-Prof. Dr. Jörg Breitung Univ.-Prof. Dr. Roman Liesenfeld

10 Miscellaneous


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Specialisation Module Microeconometrics

Module code 1314SMMi00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Microeconometrics

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... deepen their knowledge of microeconometric methods for discrete and limited de-pendent variables required for empirical analysis of corporate, household or customer behaviour based on individual data. ... conduct empirical studies on (micro)economic questions independently. ... understand and critically assess current contributions to research in applied microe-conometrics.

3 Module content • Parameter estimation and testing procedures for nonlinear models • Binary choice models • Multinomial models • Limited dependent variable models • Count data and duration models • Linear and nonlinear models for panel data • Students will practice the use of the methods using econometric software to analyse microeconometric data.


5 Module entry requirements Recommended: Core module Econometrics I and/or specialisation module Advanced Statistics (Stochastics Processes) or Advanced Statistics (Statistical Inference)





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10 Miscellaneous Reading list:• Amemiya, T. (1985), Advanced Econometrics. Havard University Press, Cambridge. • Cameron, A.C. und P.K. Trivedi (2005), Microeconometrics: Methods and Applications. Cambridge University Press, Cambridge.• Gourieroux, C. (2000), Econometrics of Qualitative Dependent Variables, Cambridge University Press, Cam-bridge. • Greene, W. (2012), Econometric Analysis, 7th ed., Pearson, Boston. • Ronning, G. (1991), Mikroökonometie, Springer-Verlag, Berlin. • Winkelmann, R. und Boes, S. (2006), Analysis of Microdata, Springer-Verlag, Berlin.


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Specialisation Module Bayesian Econometrics

Module code 1314SMBE00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Bayesian Econometrics

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... describe the main Bayesian inference concepts and methods for econometric mod-els. ... implement Bayesian methods to analyse linear regression and time series models. ... implement modern Monte-Carlo integration methods (MCMC and importance sam-pling) to analyse a posteriori distributions. ... use Bayesian approaches to compare models and to forecast and test parameter restrictions. ... operate Bayesian analyses independently.

3 Module content • Basic Principles of Bayesian Econometrics • Bayesian Estimators and Numerical Integration • Importance Sampling and Markov-Chain-Monte-Carlo • Gaussian Linear Regression Model with Conjugate Priors • Gaussian Linear Regression Model with Non-Conjugate Priors • Linear Regression Model with General Error Covariance Matrix • Time Series Models • Models for disrcrete dependent variables • Students will practice the use of the methods using econometric software to analyse economic data.



6 Mode of end-of-module examination Oral examination: OE (30)

7 Prerequisites for awarding of credit points Passing the oral examination.

8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Marketing:


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Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Specialisation Section Supplementary Section


10 Miscellaneous Reading list: • Bauwens, L., Lubrano, M., Richard, J.F. (1999), Bayesian Inference in Dynamic Econometric Models, Oxford University Press, New York. • Geweke, J. (2005), Contemporary Bayesian Econometrics and Statistics, John Wiley & Sons, Hoboken. • Koop, G. (2003), Bayesian Econometrics, John Wiley & Sons, Chichester. • Koop, G., Poirier, D.J., Tobias, J.L. (2007), Bayesian Econometric Methods, Cambridge Univer- s ity Press, Cambridge. MODULE CATALOGUE - ECONOMICS - MASTER OF SCIENCE 78 • Lancaster, T. (2004), An Introduction to Modern Bayesian Econo-metrics, Blackwell Publishing, Malden. • Robert, C.P., and G. Casella (2004), Monte Carlo Statistical Methods, Springer - Verlag.


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Specialisation Module Statistical Analysis of Financial Data

Module code 1314SMSF00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Statistical Analysis of Financial Data

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... describe the stylised facts relating to financial market data. ... use financial market econometrics models. ... conduct empirical analysis and studies of financial market time series independently. ... understand and critically assess current academic contributions to empirical financial market research. ... apply statistical econometric methods with which to forecast and model univariate and multivariate financial market time series.

3 Module content • Financial market time series and their properties • Linear time series models • Empirical analysis of the efficiency of securities markets and the predictability of re-turns on securities • Empirical analysis of the capital asset pricing model • Empirical analysis of intertemporal asset pricing models • Volatility models • Market microstructure and high-frequency data • The students apply the methods they have learned in computer-aided exercises using econ-ometric software to analyse financial market data


5 Module entry requirements Recommended: Core Module Econometrics and/or Specialisation Module Advanced Statistics I and II.



8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing


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Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Specialisation Section Supplementary Section


10 Miscellaneous Reading list: - Campbell, J.Y., Lo, A.W. and A.C.MacKinlay (1997), The Econometrics of Financial Markets, Princeton University Press, Princeton. - Gourieroux, C. and J. Jasiak (2001), Financial Econometrics, Princeton University Press, Princeton. - Schmid, F. and M. Trede (2005), Finanzmarktstatistik, Springer, Berlin. - Taylor, S. (1986), Mod-elling Financial Time Series, John Wiley & Sons, Chichester. - Taylor, S. (2005), Asset Price Dynamics, Volatility, and Prediction, Princeton University Press, Princeton. - Tsay, R. (2010), Analysis of Financial Time Series, 3rd. ed., John Wiley & Sons, New York.


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Specialisation module Advanced Statistics (Stochastic Processes)

Module code 1314SMAS03

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Advanced Statistics II (Stochas-tic Processes)

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... deepen their knowledge of probability theory and stochastic modelling ... calculate and interpret probabilities and tests. ... model economic phenomena with the aid of random variables and stochastic pro-cesses.

3 Module content • ANOVA • Interval estimation • Bootstrap • Non-parametric tests (Independence tests, rank tests) • Stochastic processes (Martingale, Markov strings)


5 Module entry requirements Recommended: Solid basic knowledge of probability theory gained in bachelor degree, Core Module in Mathematics (BSc in Economics/Business Administration) and core and advanced modules in Statistics (BSc in Economics/Business Administration).



8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Basis- und Aufbaubereich Supply Chain Management Master of Science Business Administration - Marketing: Basis- und Aufbaubereich Marketing Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Basis- und Aufbaubereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management:


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Basis- und Aufbaubereich Media and Technology Management Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Basis- und Aufbaubereich Finance Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Business Administration - Corporate Development: Basis- und Aufbaubereich Corporate Development Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Specialisation Section Supplementary Section


10 Miscellaneous


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Specialisation Module Advanced Statistics (Statistical Inference)

Module code 1314SMAS01

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Advanced Statistics (Statistical Inference)

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... deepen their knowledge of parameter estimation and testing of statistical hypotheses. ... outline the fundamentals of statistical data collection methods. ... conduct point and interval estimation and hypothesis testing. ... perform special parametric and non-parametric estimations and tests. ... perform statistical inference analysis of stochastic models.

3 Module content • Sampling • Theory of point and interval estimation and estimation methods • Theory of hypothesis testing and test procedures • Estimation and testing for stochastic processes


5 Module entry requirements Recommended: Solid basic knowledge of probability theory gained in bachelor degree, Core Module in Mathematics (BSc in Economics/Business Administration) and core and advanced modules in Statistics (BSc in Eco-nomics/Business Administration).



8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Supply Chain Management: Basis- und Aufbaubereich Supply Chain Management Master of Science Business Administration - Marketing: Basis- und Aufbaubereich Marketing Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Basis- und Aufbaubereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management:


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Basis- und Aufbaubereich Media and Technology Management Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Basis- und Aufbaubereich Finance Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Business Administration - Corporate Development: Basis- und Aufbaubereich Corporate Development Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Specialisation Section Supplementary Section


10 Miscellaneous


128

Specialisation Module Topics in Statistics A


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Topics in Statistics A

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... deepen their knowledge of special statistical and econometric methods and how they are applied in empirical economic research.

3 Module content • Latest statistical and econometric methods • Applications in business administration, management studies and economics and social sciences


5 Module entry requirements Recommended: Core Module Econometrics I



8 Other programmes that use the module Master of Science Economics: Schwerpunktbereich Economics Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19:


129

Specialisation Section Supplementary Section

9 Module manager Univ.-Prof. Dr. Jörg Breitung

10 Miscellaneous


130

Specialisation Module Topics in Statistics B


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Topics in Statistics B

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... deepen their knowledge of special statistical and econometric methods and how they are applied in empirical economic research.

3 Module content • Latest statistical and econometric methods • Applications in business administration, management studies and economics and social sciences







131



10 Miscellaneous


132

Specialisation Module Topics in Econometrics C


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Topics in Econometrics C

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... deepen their knowledge of special econometric and statistical methods and how they are applied in empirical economic research.

3 Module content • Latest statistical and econometric methods • Applications in business administration, management studies and economics and social sci-ences







133



10 Miscellaneous


134

Specialisation Module Seminar Statistics and Econometrics

Module code 1314SMSS00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Seminar in Statistics and Econ-ometrics

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... analyse specialist literature on the subject. ... critically assess contemporary statistical and econometric methods. ... apply contemporary statistical and econometric methods independently in practice to analyse real data. ... write and present a paper in accordance with academic standards.

3 Module content The seminar covers topics from areas such as: • Time series analysis • Microeconometrics • Macreconometrics • Panel econometrics • Financial market econometrics and statistics • Bayesian econometrics and statistics • Non-parametric methods • Analysis of stochastic processes • Statistical inference







135


9 Module manager Univ.-Prof. Dr. Jörg Breitung Univ.-Prof. Dr. Roman Liesenfeld Univ.-Prof. Dr. Dominik Wied

10 Miscellaneous


136

Specialisation Module Multivariate Statistics

Module code NEU 12

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Multivariate Statistics

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ...deepen their knowledge of various multivariate techniques. ...apply multivariate techniques in empirical economic research. …understand and critically assess current contributions to research in multivariate sta-tistics.

3 Module content • Analysis of Variance • Eigenvalues • Principal Component Analysis • Factor Analysis • Canonical Correlation Analysis • Discriminant Analysis • Cluster Analysis • Multidimensional Scaling • Correspondence Analysis





8 Other programmes that use the module Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management


137

Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Economics: Schwerpunktbereich Economics Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Science Economics ab WS 18/19: Specialisation Section

9 Module manager Dr. Bastian Gribisch Univ.-Prof. Dr. Roman Liesenfeld

10 Miscellaneous


138

Specialisation Module Panel Data Analysis

Module code NEU 13

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Panel Data Analysis

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ...deepen their knowledge in the area of panel data analysis. ...apply methods to analyse high dimensional data sets. ...specify, estimate and interpret factor models.

3 Module content • Static panel data models (Random- and Fixed Effects) • Dynamic panel data models

4 Teaching and learning methods seminar lecture practice

5 Module entry requirements Core Module Econometrics I



8 Other programmes that use the module Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Science Economics: Schwerpunktbereich Economics Master of Science Economics ab WS 18/19:


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Specialisation Section

9 Module manager Univ.-Prof. Dr. Jörg Breitung

10 Miscellaneous


140

Studies Abroad in Economics (Master)

Module code 1014SAEc00

Workload 540h

ECTS credits 18

Module Lan-guage


Duration 1 Term

1 Courses

Contact hours

Self-Studies

Course Language

2 Learning objectives Students... ... The students... ... describe approaches used in economics from an international perspective. ... explain international economics issues. ... discuss and compare different theories and approaches used in economics. ... describe approaches to business administration, economics and social sciences from an inter-national perspective. ... explain international issues in the areas of business administration, economics and social science. ... discuss and compare different theories and approaches in business administration, economics and social science. ... develop new intellectual perspectives with regard to their own education. ... recognize the dynamic, global dimensions of their professional future.

3 Module content Depends on chosen course.

4 Teaching and learning methods je nach Kurswahl

5 Module entry requirements Recommendations: Depends on chosen course

6 Mode of end-of-module examination TR - depending on course selection

7 Prerequisites for awarding of credit points Depends on chosen course.


9 Module manager

10 Miscellaneous Language: Can be offered in English or in any language possible at the host university. This module can be studied at a higher education institution in another country. There is a stand-ardised accreditation procedure for such cases. Information about course ac-


141

creditation (deadlines and procedures) can be obtained from the Credit Transfer Centre (WiSo Credit Transfer Centre: https://www.anrechnungwiso.uni-koeln.de/) This module can also be taken as part of a summer school organised by the WiSo Faculty. In this case, students must register for the examination in accordance with the rules of the WiSo Faculty prior to embarking on the module.


142

3 Supplementary section Economics

Specialisation Module Corporate Taxation

Module code 1016SbeUn0

Workload 360h

ECTS credits 12



Duration 2 Terms

1 Courses a) Corporate Taxation I (WiSe) b) Corporate Taxation II (SoSe)



Course Language a) German b) German

2 Learning objectives Students... ... are familiar with problems and methods in business taxation. ... understand how taxes influence choice of legal structure. ... gain an insight into taxation of transnational business operations. ... understand how taxes influence national and transnational decisions for companies. ... apply the expertise they have acquired to specific case studies.

3 Module content • Significance of taxation in terms of business administration • Taxation of partnerships and corporations • Choice of legal structure based on current national and transnational taxation practice • Optimisation of legal structure; special legal structures • Taxation of transnational business operations and international tax planning • Problem of double taxation and dealing with measures designed to prevent tax arbi-trage • Tax planning for corporate restructuring and takeovers • German Reorganisation Tax Act • Exercises to deepen knowledge of subject matter covered in class


5 Module entry requirements Recommended: Basic knowledge of tax law.


7 Prerequisites for awarding of credit points Passing the written tests. Both courses must be attended; the examinations refer to topics of both courses.

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics


143

Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Schwerpunktbereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Michael Overesch

10 Miscellaneous The module can be started in the spring term as well. However, a start in the fall term is advised.


144

Specialisation Module Operative and Strategic Controlling

Module code 1016SOSCo0

Workload 360h

ECTS credits 12



Duration 1 Term

1 Courses a) Operative Controlling (1. Term) b) Strategic Controlling (2. Term)




2 Learning objectives Students... ... identify the main controlling strategies. ... learn about different types of interdependency and assess analytical and heuristic methods with which to coordinate said interdependencies. ... deepen their knowledge of different “conventional” cost accounting techniques (in-cluding actual and standard costing, full-cost accounting and variable costing). ... learn methods for conducting cost variance analyses. ... understand the Peinreich-Lücke theorem and the relationship between investment appraisal and cost accounting. ... use linear programming for production planning and dynamic programming for measuring inter-temporal interdependencies. ... examine the benefit of additional information under uncertainty using the concept of “information value”. ... analyse the principal-agency theory and use controlling instruments to help solve any incentive problems that arise. ... learn the main controlling strategies for solving coordination problems. ... compare the pros and cons of proactive cost management and early cost budgeting. ... examine the more recent instruments of cost management (including lifecycle, target and activity-based costing). ... discuss the basics of benchmarking. ... conduct case studies using the skills they have acquired.

3 Module content Operative controlling: • Fundamentals of controlling • Theory, strategies and methods to support controlling activities • Controlling instruments Strategic controlling: • Introduction to strategic controlling • Conventional cost management instruments • More recent cost management instruments • Benchmarking



145

5 Module entry requirements Recommended: Basic knowledge of internal and external accounting, investment, fi-nancing and decision theory.


7 Prerequisites for awarding of credit points Passing the written test. Both courses must be attended; the examination refers to top-ics of both courses.

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Schwerpunktbereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Ergänzungsbereich International Management Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Gesundheitsökonomie: Ergänzungsbereich Gesundheitsökonomie Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Carsten Homburg

10 Miscellaneous Required reading will be announced at the beginning of the respective term. This mod-ule consists of at least one course which takes place either until the middle of the se-mester (1. term) or from the middle of the semester (2. term). You can find this infor-


146

mation in the field “Courses” of the module descriptions. In general midterm of the fall semester ends in December and of the summer semester in May. The appropriate ex-aminations are offered in the middle of the semester often.


147

Specialisation Module International Accounting and Corporate Valuation

Module code 1016SIRUb0

Workload 360h

ECTS credits 12



Duration 2 Terms

1 Courses a) Corporate Valuation b) International Accounting




2 Learning objectives Students... ... gain confidence in balance sheet preparation using international accounting stand-ards [IFRS]. ... acquire expertise on how to interpret standards in line with the system being used. ... apply to real-life cases what they have learned about accounting rules. ... apply business valuation approaches when preparing IFRS balance sheets. ... acquire expertise on how to differentiate between different reasons for and purposes and doctri-nal concepts of business valuation. ... apply the basic rules of investment valuation theory to business valuation problems. ... produce cash flow forecasts. ... acquire expertise on how to use the different variants of the DCF method and other modern valuation methods based on the aims being pursued.

3 Module content International accounting: • Doctrinal and conceptual principles of IFRS • IASB framework • Rules for recognising assets and liabilities • measurement rules • Special problems in IFRS separate and consolidated financial statements Business valuation: • Reasons, purposes, history of doctrines • Equivalence principles • Forecasting rules and instruments • Risk/benefit approach to business valuation • Capital market oriented valuation methods






148

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Schwerpunktbereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Christoph Kuhner

10 Miscellaneous An exam is offered in every semester.


149

Specilisation Module Selected Issues in Business Taxation II

Module code 1016SMSB02

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) International Tax Planning (1. Term) b) Taxation of Corporate Groups



Course Language a) English b) German

2 Learning objectives Students... ... gain methodological competence in tax law. ... acquire a deeper understanding of tax law. ... learn how to solve new cases using the knowledge they have acquired.

3 Module content Selected Issues in Business Taxation

4 Teaching and learning methods lecture

5 Module entry requirements Recommended: Basic knowledge of corporate taxation

6 Mode of end-of-module examination Combined examination: WT (30), OE (30)

7 Prerequisites for awarding of credit points Passing the combined examination. Both courses must be attended; the examiniation refers to topics of both courses.

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Schwerpunktbereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs:


150

Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section


10 Miscellaneous This module consists of at least one course which takes place either until the middle of the semester (1. term) or from the middle of the semester (2. term). You can find this information in the field “Courses” of the module descriptions. In general midterm of the fall semester ends in December and of the summer semester in May. The appropriate examinations are offered in the middle of the semester often.


151

Specialisation module Value-based Controlling

Module code 1016SVbCo0

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Value-based Controlling

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... identify the disadvantages of traditional financial indicators. ... assess capital market characteristics and their implications in terms of valuation. ... apply investment calculuses to business valuations. ... distinguish between valuation techniques, especially with regard to the underlying assumptions. ... draw up estimates for forecasting cash flow and profit and determining cost of capital. ... examine published financial statement data and adapt to economic standards. ... determine business value based on multiplier, DCF and EVA methods.

3 Module content • Basics of value-based controlling (including traditional financial indicators) • Characteristics of capital markets • Effect of capital structure on business value • Shareholder value approach • Discounted cash flow (DCF) method • Value-based indicators • Implementation of a value-based strategy • The Ohlson model


5 Module entry requirements Recommended: Basic knowledge of "Kosten- und Leistungsrechung", "Bilanz- und Er-folgsrechnung", "Investition und Finanzierung", as well as " Entscheidungstheorie" from the bachelor studies should be present.



8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management


152

Master of Science Business Administration - Marketing: Schwerpunktbereich Marketing Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Schwerpunktbereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Ergänzungsbereich International Management Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Gesundheitsökonomie: Ergänzungsbereich Gesundheitsökonomie Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section


10 Miscellaneous Required reading will be announced at the beginning of the respective term.


153

Specialisation Module Selected Issues in Accounting and Auditing Issues I

Module code 1016SAFRW0

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) Unternehmenspublizität und Jahresabschlussanalyse b) Konzernbilanzen (1. Term)




2 Learning objectives Students... ... acquire expertise on how to assess the legal and strategic aspects of modern capital market communication. ... acquire experise on how to assess the motives behind accounting policies and to analyse the instruments used in accounting policies. ... assess from various perspectives the usefulness of accounting data as a decision-making aid. ... acquire expertise on how to use business valuation methods when analysing annual financial statements, based on the aims being pursued. ... gain confidence in group accounting using national and international standards. ... analyse real-life accounting problems.

3 Module content • Regulation of capital market information • Value relevance studies • Company rating techniques • KPI-based analysis • Special problems in group accounting




7 Prerequisites for awarding of credit points Passing the written test. Both courses must be attended; the examination refers to topics of both courses.

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Schwerpunktbereich Accounting and Taxation


154

Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section


10 Miscellaneous


155

Specialisation Module Operative and Strategic Controlling

Module code 1016SOSCo0

Workload 360h

ECTS credits 12



Duration 1 Term

1 Courses a) Operative Controlling (1. Term) b) Strategic Controlling (2. Term)




2 Learning objectives Students... ... identify the main controlling strategies. ... learn about different types of interdependency and assess analytical and heuristic methods with which to coordinate said interdependencies. ... deepen their knowledge of different “conventional” cost accounting techniques (in-cluding actual and standard costing, full-cost accounting and variable costing). ... learn methods for conducting cost variance analyses. ... understand the Peinreich-Lücke theorem and the relationship between investment appraisal and cost accounting. ... use linear programming for production planning and dynamic programming for measuring inter-temporal interdependencies. ... examine the benefit of additional information under uncertainty using the concept of “information value”. ... analyse the principal-agency theory and use controlling instruments to help solve any incentive problems that arise. ... learn the main controlling strategies for solving coordination problems. ... compare the pros and cons of proactive cost management and early cost budgeting. ... examine the more recent instruments of cost management (including lifecycle, target and activity-based costing). ... discuss the basics of benchmarking. ... conduct case studies using the skills they have acquired.

3 Module content Operative controlling: • Fundamentals of controlling • Theory, strategies and methods to support controlling activities • Controlling instruments Strategic controlling: • Introduction to strategic controlling • Conventional cost management instruments • More recent cost management instruments • Benchmarking



156

5 Module entry requirements Recommended: Basic knowledge of internal and external accounting, investment, fi-nancing and decision theory.



8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Schwerpunktbereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Ergänzungsbereich International Management Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Gesundheitsökonomie: Ergänzungsbereich Gesundheitsökonomie Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section


10 Miscellaneous Required reading will be announced at the beginning of the respective term. This mod-ule consists of at least one course which takes place either until the middle of the se-mester (1. term) or from the middle of the semester (2. term). You can find this infor-


157

mation in the field “Courses” of the module descriptions. In general midterm of the fall semester ends in December and of the summer semester in May. The appropriate ex-aminations are offered in the middle of the semester often.


158

Specialisation module Value-based Controlling

Module code 1016SVbCo0

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Value-based Controlling

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... identify the disadvantages of traditional financial indicators. ... assess capital market characteristics and their implications in terms of valuation. ... apply investment calculuses to business valuations. ... distinguish between valuation techniques, especially with regard to the underlying assumptions. ... draw up estimates for forecasting cash flow and profit and determining cost of capital. ... examine published financial statement data and adapt to economic standards. ... determine business value based on multiplier, DCF and EVA methods.

3 Module content • Basics of value-based controlling (including traditional financial indicators) • Characteristics of capital markets • Effect of capital structure on business value • Shareholder value approach • Discounted cash flow (DCF) method • Value-based indicators • Implementation of a value-based strategy • The Ohlson model


5 Module entry requirements Recommended: Basic knowledge of "Kosten- und Leistungsrechung", "Bilanz- und Er-folgsrechnung", "Investition und Finanzierung", as well as " Entscheidungstheorie" from the bachelor studies should be present.





159

Master of Science Business Administration - Marketing: Schwerpunktbereich Marketing Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Schwerpunktbereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Ergänzungsbereich International Management Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Gesundheitsökonomie: Ergänzungsbereich Gesundheitsökonomie Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section


10 Miscellaneous Required reading will be announced at the beginning of the respective term.


160

Specialisation Module Selected Issues in Controlling

Module code 1016SMAC00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Ausgewählte Fragen des Con-trolling

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ...discuss current issues in controlling and develop appropriate solutions. ...analyse selected businesses‘ controlling problems. ...apply the specialist knowledge they have acquired in a business environment. ...discuss and investigate problems that arise when implementing controlling tools. ...assess the advantages and disadvantages of recent controlling tools. ...learn how to solve realistic cases using the expertise and methodological competence taught on the programme.

3 Module content Students are advised of the current content each term. The following areas are usually covered: • Legal provisions for risk management systems • Establishment and imple-mentation of an early warning system • Establishment of a risk management system • German Corporate Governance Code • Auditing of the risk management system by the internal auditing department • Auditing of the risk management system by the external auditor • Application of the competencies gained to realistic case studies


5 Module entry requirements Recommended: Coremodule Accounting, Coremodule Finance,as well as Coremodule Decision Theory or similar courses from the bachelor programme



8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Schwerpunktbereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Corporate Development:


161

Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Supplementary Section


10 Miscellaneous


162

Specialisation Module Selected Issues in Accounting

Module code 1016SMSA00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) Selected Issues in Account-ing b) Integrated Reporting (SoSe)




2 Learning objectives Students... ...will acquire skills to conduct empirical research in accounting like required for an empirical master thesis ...will acquire data analysis skills using econometric methods in STATA ...will acquire skills related to interpreting and critically discussing empirical results

3 Module content Empirical Accounting Research Design - Structure of an empirical master thesis and writing skills - Classic panel data designs (e.g. ordinary least squares, random effects, fixed effects, first dif-ferences) and causal research designs (e.g. difference-in-difference, regression discontinuity und instrumental variables) - Selecting data and preparing the data for analysis - Variable generation, descriptive statistics and model specification - Hypotheses tests - Interpretation and discussion of results Selected - Issues in Accounting


5 Module entry requirements Recommended: Basic econometrics knowledge (OLS estimator) and basic STATA skill


7 Prerequisites for awarding of credit points Passing the written test. Only one course must be attended; the examination refers to topics of only one course.

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Schwerpunktbereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management


163

Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Area Accounting and Taxation Univ.-Prof. Dr. Carsten Homburg Univ.-Prof. Dr. Christoph Kuhner Univ.-Prof. Dr. Michael Overesch

10 Miscellaneous


164

Specialisation module Finance 7

Module code 1259SMFi07

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Rechnungslegung von Versi-cherungsunternehmen nach HGB und IFRS

Contact hours 30h

Self-Studies 60h


2 Learning objectives Students... ... analyse insurance companies’ annual financial statements based on different ac-counting rules. ... value claims reserves, claims equalization reserves and actuarial reserves. ... explore the impact of different accounting rules on how balance sheet items are val-ued. ... implement risk-based auditing strategies for insurance companies.

3 Module content • Accounting systems • Sources of law • HGB, IAS/IFRS accounting methods • Full fair value accounting


5 Module entry requirements no recommendations



8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China:


165

BWL MA Reg China Master of Science Business Administration - Finance: Schwerpunktbereich Finance Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Heinrich R. Schradin

10 Miscellaneous


166

Specialisation Module Business Ethics

Module code 1253SBuEt0

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Business Ethics and Continen-tal Philosophy (1. Term)

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... The students... ... identify and distinguish between ethically relevant issues based on philosophical approaches. discuss normative arguments and use this as a basis upon which to evalu-ate case studies from the world of business. ... identify their responsibility as players in companies and other areas of business. ... develop and explain the rationale behind effective strategies for enhancing ethical conduct in companies. ... accumulate a sound knowledge of philosophical perspectives and ethical debates on business conduct.

3 Module content • Ethical approaches and how they are applied in business • Reflection on current business ethics debates (e.g. concerning globalisation, sustain-ability, corporate responsibility, pay systems) • Independent presentation of approaches developed • Discussion of case studies from a normative and practical perspective





8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation


167

Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Basis- und Aufbaubereich International Management Ergänzungsbereich International Management Master of Science Business Administration - Corporate Development: Schwerpunktbereich Corporate Development Master of Science Gesundheitsökonomie: Ergänzungsbereich Gesundheitsökonomie Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Bernd Irlenbusch

10 Miscellaneous This course provides students with a sound knowledge of philosophical perspectives and ethical debates on business conduct. This module consists of at least one course which takes place either until the middle of the semester (1. term) or from the middle of the semester (2. term). You can find this information in the field “Courses” of the module descriptions. In general midterm of the fall semester ends in December and of the summer semester in May. The appropriate examinations are offered in the middle of the semester often.


168

Specialisation Module Strategic Development

Module code 1253SStDe0

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Mergers and Acquisitions

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students will… ... master the language and processes of M&A and divestitures. ... develop an understanding of the use of M&A and divestitures to accomplish strategic objectives and the ability to critically examine the rationale for a proposed deal. ... know important decisions to be made in the various phases of a M&A process, in particular relating to target selection, M&A evaluation, deal design and post-M&A inte-gration. ... know and be able to apply the basic tools for planning and assessing a merger, ac-quisition or divestiture. ... understand research results relating to M&A and divestitures. ... demonstrate the ability to use the insights gained and develop solutions on the basis of case study analyses.

3 Module content • Models of corporate development • Growth strategies • Mergers and Acquisitions • Organizational downsizing • Disruptive innovation • Innovation strategies





8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing:


169

Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Schwerpunktbereich Corporate Development Master of Science Gesundheitsökonomie: Ergänzungsbereich Gesundheitsökonomie Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Ergänzungsbereich International Management Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Mark Ebers



170

Specialisation Module Strategic Human Resource Management

Module code 1253SSHRM0

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Strategic Human Resource Management (2. Term)

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... The students... ... acquire an understanding of the value contributed by HR work and analyse potential drivers. develop standards by which to assess different HR strategies. ... discuss instruments for talent and performance management and develop recom-mendations for applying them. ... evaluate the interests of different stakeholders based on corporate case studies and can explain the reasons behind them. ... design and evaluate employee surveys. ... analyse HR management indicator systems. ... determine the contribution corporate culture makes to an organisation’s perfor-mance.

3 Module content • Corporate strategy – an economic perspective • Human capital and value creation • Talent management and careers • Performance management • HR development • Corporate culture • Measurement of value contributed and evidence-based HR management







171

Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Ergänzungsbereich International Management Master of Science Business Administration - Corporate Development: Schwerpunktbereich Corporate Development Master of Science Gesundheitsökonomie: Ergänzungsbereich Gesundheitsökonomie Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Dirk Sliwka

10 Miscellaneous The module teaches students how HR management creates economic value and helps implement corporate strategies. This module consists of at least one course which takes place either until the middle of the semester (1. term) or from the middle of the semester (2. term). You can find this information in the field “Courses” of the module descriptions. In general midterm of the fall semester ends in December and of the summer semester in May. The appropriate examinations are offered in the middle of the semester often.


172

Specialisation Module Strategic Management

Module code 1253SStMa0

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Strategic Management (1. Term)

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... The students... ... understand different explanations for strategic positioning. ... analyse the influence of sectors and corporate resources on the choice of strategy. ... can distinguish between different forms of strategy development. ... apply theoretical knowledge to practical case studies and industry contexts.

3 Module content • Fundamentals of strategic management • Strategic positioning • Strategy processes • Contexts





8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Information Systems:


173

Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Basis- und Aufbaubereich International Management Ergänzungsbereich International Management Master of Science Business Administration - Corporate Development: Schwerpunktbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Gesundheitsökonomie: Ergänzungsbereich Gesundheitsökonomie Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Area Corporate Development



174

Supplementary Module Introduction to Economic Psychology

Module code 1320EMIE00

Workload 360h

ECTS credits 12



Duration 1 Term

1 Courses Introduction to Economic Psy-chology

Contact hours 60h

Self-Studies 300h


2 Learning objectives Students … … differentiate psychological aspects of economic contexts. ... apply psychological theories and concepts when analyzing economic issues. … define independently a problem area. ... gather results of recent research, assess them critically and summarize them. … present their findings individually. … identify critical points and discuss these with the group.

3 Module content Selected topics and current issues in economic psychology: • Basic concepts in economic psychology (e.g., decision anomalies, descriptive decision theories, lay theories of economic con-cepts) • Economic psychology and its application in consumer markets, labour markets, and financial markets (e.g., purchase decisions, entrepreneurship, investments) • Economic psychology and its application in macroeconomic contexts (e.g., tax evasion, unemployment, wealth and happiness)



6 Mode of end-of-module examination Combined examination: WT (60), PRES


8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Media and Technology Management: Schwerpunktbereich Media and Technology Management Master of Science International Management: Basis- und Aufbaubereich International Management


175


9 Module manager Univ.-Prof. Dr. Erik Hölzl

10 Miscellaneous Compulsory reading will be announced each semester.


176

Specialisation Module Financial Theory

Module code 1259SFiTh0

Workload 360h

ECTS credits 12



Duration 1 Term

1 Courses a) Capital Market Theory (1. Term) b) Corporate Finance Theory (1. Term)




2 Learning objectives Students... …analyse investment decisions. …understand asset pricing models. …determine the value of securities and derivatives. …use different methods of valuing companies and individual assets. …learn how to analyse annual accounts in order to extract value relevant information. …recognize different theories explaining M&A ‐activities. …analyse manager interests in mergers and acquisitions.

3 Module content Module Content • Capital markets and consumption • Investment decisions given certainity and uncertainity • Portfolio theory • Asset pricing models • Analysis and valuation of forwards, futures, and options • Equity valuation models (in particular Discounted Cash Flow methods, models of residual income, Multiples approach) • Impact of financial policies • M&A activities and defensive strategies • Aspects of balancing of accounts and financial realisation of mergers and acquisi-tions







177

Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Business Administration - Finance: Schwerpunktbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Basis- und Aufbaubereich International Management Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Ergänzungsbereich International Management Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Dieter Hess Univ.-Prof. Dr. Alexander Kempf Dr. Alexander Pütz



178

Specialisation Module Financial Institutions Management

Module code 1259SFIMa0

Workload 360h

ECTS credits 12



Duration 1 Term

1 Courses a) Insurance Economics b) Risk Management (2. Term)




2 Learning objectives Students... ... analyse various risk measures in terms of effective risk/return management. ... apply risk measures to decision-making problems in bank operations. ... assess regulatory standards intended to limit risk. ... are familiar with the methods for measuring market and default risks. ... assess instruments for controlling market and default risks. ... analyse insurance supply and demand. ... can explain information symmetry and asymmetry. ... assess the institutional parameters for insurance markets. ... calculate premiums and reserves in life and indemnity insurance.

3 Module content Module content 1. Risk Management • Risk control on perfect and imperfect financial markets • Risk and risk measures • Management of liquidity risk • Management of interest rate risk • Management of default risk 2. Insurance Economics • Insurance demand theory • Production theory in insurance • Market balance in regard to information symmetry and asymmetry • Basics of sector-specific tariff calculation and reserve creation • Claim settlement • Introduction to solvency standards




7 Prerequisites for awarding of credit points Passing the written test. Both courses must be attended; the examination refers to top-


179

ics of both courses.

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Business Administration - Finance: Schwerpunktbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Gesundheitsökonomie: Ergänzungsbereich Gesundheitsökonomie Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Ergänzungsbereich International Management Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Thomas Hartmann-Wendels Univ.-Prof. Dr. Heinrich R. Schradin



180



Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Application of Capital Market Theory (2. Term)

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ...put together and implement optimum securities portfolios. ...analyse investment performance and its causes. ...control risks using derivatives. …answer critical questions confidently. ...create new financial instruments. ...work on practical exercises in small groups to discuss the knowledge and methods learned in class. …agree on suitable methods for solving the practical exercises within the small groups and justify their decision. …students reflect their own learning success by solving case studies independently.

3 Module content • Portfolio theory and practical application thereof • Performance measurement and attribution • Trading strategies using derivatives • Risk management • Financial engineering


5 Module entry requirements Recommended: Supplementary Module Financial Theory



8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation:


181

Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Finance: Schwerpunktbereich Finance Ergänzungsbereich Finance Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science International Management: Ergänzungsbereich International Management Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Alexander Kempf Dr. Alexander Pütz

10 Miscellaneous Within this module, at least one course is offered which takes place either until the mid-dle of the fall/spring term (1. term) or from the middle of the fall/spring (2. term) on-wards. You can find this information in the field “Courses” of the module descriptions. In general, the 1. term of the fall term ends in December and the 1. term of the spring term ends in May. The corresponding examinations of the 1. term courses are often offered in the middle of the fall/spring term.


182

Specialisation Module Finance 5


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) Reinsurance and alternative Risk Transfer b) Konzernsteuerung und Ge-genseitigkeit




2 Learning objectives Students... ... have a thorough knowledge of the levels of management in insurance companies. ... investigate value-based management of insurance companies. ... model payment flows in insurance companies. ... analyse insurance companies' risk situation. ... apply different models for calculating capital requirements. ... determine which areas of a business have which capital requirements. ... use methods for valuing personal insurance companies and property and casualty insur-ance companies. ... have a thorough knowledge of the fundamentals of asset liability management and capital management. ... work within the legislative framework for insurance groups. ... assess the group structures found in the insurance industry. ... understand how different types of reinsurance work. ... analyse how risk management instruments are used to meet company objectives.

3 Module content • Decision models applying to individual economic units • Modelling of stochastic cash flows in insurance companies • Corporate and risk management in insurance companies • Capital stocks of insurance companies • Development and trends of the insurance industry • Evaluation of life insurances and non-life insurance Companies • Organization of insurance holding structures • Risk management instruments in insurance holdings • Types of reinsurance • Financial reinsurance • Alternative risk transfer





183


8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Finance: Schwerpunktbereich Finance Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section


10 Miscellaneous


184



Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Rechnungslegung von Versi-cherungsunternehmen nach HGB und IFRS

Contact hours 30h

Self-Studies 60h


2 Learning objectives Students... ... analyse insurance companies’ annual financial statements based on different ac-counting rules. ... value claims reserves, claims equalization reserves and actuarial reserves. ... explore the impact of different accounting rules on how balance sheet items are val-ued. ... implement risk-based auditing strategies for insurance companies.

3 Module content • Accounting systems • Sources of law • HGB, IAS/IFRS accounting methods • Full fair value accounting





8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China:


185

BWL MA Reg China Master of Science Business Administration - Finance: Schwerpunktbereich Finance Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section


10 Miscellaneous


186

Specialisation Module Value-Based Management in Insurance

Module code 1259SMVB00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Value-Based Management in Insurance - Theory and Prac-tice

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... learn methods for managing and evaluating insurance companies. ... learn methods of value-based management in insurance companies. ... model cash flows of insurance companies. ... analyze the risk situation of insurance companies. ... assess different methods for calculating the capital requirements. ... assess different methods for risk capital allocation.learn fundamentals of asset liabil-ity management.

3 Module content - Introduction in Insurance Management- Insurance Risk and Production Tech-nology - Risk Modelling and Risk Measurement - Risk Management and Shareholder Wealth - Risk-based Capital Allocation - Decision-making in a Value-Based Management Framework - Trends and Challenges in the Insurance Industry


5 Module entry requirements none


7 Prerequisites for awarding of credit points Passing the written examination.

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation:


187

Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Finance: Schwerpunktbereich Finance Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Ergänzungsbereich International Management Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Dr. Muhammed Altuntas Univ.-Prof. Dr. Heinrich R. Schradin

10 Miscellaneous


188

Specialisation Module Marketing I

Module code 1266SMark1

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) New Product Management b) Cases in Digital Marketing




2 Learning objectives Students... ... deepen their understanding of fundamental marketing theories, concepts and meth-ods, using specific marketing tools as examples, and gain more advanced skills in as-sessing marketing activities independently. ... describe theories, concepts and methods for solving decision-making problems in marketing. analyse and assess the advantages of alternative decisions, using specific marketing tools as examples. ... formulate and discuss alternative marketing strategies and activities, using specific marketing tools as examples.

3 Module content The module covers elements that are conceptual and applied elements, including presentations by students, case studies, discussions and guest speakers from industry. Students are expected to do their own reading in addition to the lectures and exercises.


5 Module entry requirements Recommended: Basic knowledge of marketing and multivariate methods

6 Mode of end-of-module examination Oral examination: PRES


8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Schwerpunktbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management


189

Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Ergänzungsbereich International Management Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Franziska Völckner

10 Miscellaneous


190

Specialisation Module Marketing II


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) Retailing (1. Term) b) Practical Applications in Re-tailing (1. Term)




2 Learning objectives Students... ... develop a profound understanding of current marketing strategies and activities in retail value chains (national/international, physical/online, manufacturer/retailer) on the basis of conceptual and empirical input. ... identify, interpret and discuss tools, frameworks and theories with which to under-stand, analyse and assess companies’ retail and distribution functions. ... appreciate the significance of the retail function and the retail sector and identify and evaluate current trends and best practice. ... understand the impact of altered consumer behaviour and of technological advances on how the retail function is managed. ... demonstrate the skills they have learned with regard to how the strategy process is applied in retail.

3 Module content The module includes conceptual and applied elements, including presentations by the students, case studies, discussions and guest speakers from the world of marketing. Students are required to do their own reading independently in addition to attending lectures and participating in exercises.





8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Schwerpunktbereich Marketing


191

Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Basis- und Aufbaubereich International Management Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Werner Reinartz



192

Specialisation Module Marketing III


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Services and Media Marketing (2. Term)

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... ... The Students... ...acquire a wide range of skills (e.g., strategic, quantitative) with which to manage spe-cific products or services. ...identify, interpret and discuss theories, strategies and methods related to the man-agement of various products/services. ...analyse and assess the planning and implementation of the marketing mix based on examples of specific products/services. ...compare the challenges involved in managing specific products/services and identify and evaluate current trends and best practice. ...apply the acquired skills for managing specific products/services (e.g., in case stud-ies).

3 Module content The module includes conceptual and applied elements, including case studies, discus-sions and guest speakers from the world of marketing. Students are required to organ-ise their own learning and working processes independently and self responsible in addition to attending lectures and participating in exercises.


5 Module entry requirements Recommended: Basic knowledge of multivariate methods.



8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Schwerpunktbereich Marketing Master of Science Business Administration - Accounting and Taxation:


193

Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Ergänzungsbereich International Management Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Gesundheitsökonomie: Ergänzungsbereich Gesundheitsökonomie Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Marc Fischer



194

Specialisation Module Marketing IV


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) Brand Management (1. Term) b) Sustainability in Marketing and Consumer Behavior (1. Term)




2 Learning objectives Students... ... deepen their understanding of fundamental theories, concepts and methods in mar-keting, using specific marketing instruments as examples, and consolidate their ability to critically and independently assess marketing strategies and activities that are based on such theories, concepts and methods. ... describe marketing as the management of assets (e.g. brands) in line with the con-cept of value-based marketing. ... describe and analyse theories, concepts and methods related to value-based market-ing. ... analyse, assess and discuss the advantages of various value-based options that can be taken to manage such assets effectively, using specific marketing instruments as examples.

3 Module content The module includes conceptual and applied elements, including case studies, discus-sions and guest speakers from the world of marketing. Students are required to do their own reading in-dependently in addition to attending lectures and participating in exer-cises.







195

Master of Science Business Administration - Marketing: Schwerpunktbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Ergänzungsbereich International Management Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Franziska Völckner

10 Miscellaneous Within this module, at least one course is offered which takes place either until the mid-dle of the semester (1. term) or from the middle of the semester (2. term). You can find this information in the field “Courses” of the module descriptions. In general, midterm of the fall semester ends in December and midterm of the summer semester ends in in May. The corresponding examinations of 1. Term courses are often offered in the mid-dle of the semester. If more than one course is offered, only one course can and needs to be taken.


196

Specialisation Module Media and Technology Management: Enterprises, Markets, and Strategies

Module code 1284SMTEMS

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Media and Technology Man-agement: Enterprises, Markets, and Strategies

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ...The students... ...are familiar with the entire range of media, IT and telecommunica-tion companies operating in Germany and abroad and the markets of relevance to them. ...analyse the various business models and can assess certain companies’ strat-egies based on strategic approaches they have practiced using. ...are familiar with national and international providers of and technologies behind various media, IT and telecommunication innovations. ...analyse the business administration side of these innovations against the backdrop of existing and evolving standards and competition. ...develop corporate strategies and assess such strategies. ...devise innovative appli-cations and assess their chances on the market.

3 Module content • Overview of the different media and telecommunication sectors • Selected compa-nies and institutions and the related rules and potential •Business management fea-tures specific to media and telecommunication markets and business models • Busi-ness processes and management tasks in the different media, IT and telecommunica-tion sectors and companies • Strategy development and evaluation • Innovation man-agement • Technology management • Entrepreneurship • Application of the concepts covered to selected media, IT and telecommunication innovations and corporate strat-egies based on them, providing a more in-depth look at said concepts.


5 Module entry requirements



8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing


197

Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Claudia Loebbecke, M.B.A.

10 Miscellaneous


198

Specialization Module Media and Technology Management: Platforms, Information Goods and Infrastructure (6 LP)

Module code 1284SMTP06

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Media and Technology Man-agement: Platforms, Infor-mation Goods and Infrastruc-ture

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... understand the economic features of digital goods and services as well as resulting managerial pricing strategies ... acquire deeper knowledge of MTM infrastructures and regulations and understand their impact on MTM business models, companies and social welfare ... recognize entrepreneurial shaping options on digital platforms and understand deci-sion strategies (search strategies, pricing strategies, sharing strategies) ... recognize the mechanisms and the design of various digital markets and understand their economic, political, and social impact factors as well as their societal consequenc-es

3 Module content • Economics of digital goods • Managerial peculiarities of digital markets and platforms • Design and regulation of digital markets, platforms, and infrastructures • Media, IS, and Telecommunication technologies and their applicability as well as limitations • Selected application areas of digital Media, IT, and Telecommunication technologies • “Big Data Analytics”: business strategies, economic potential and societal impact





8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Marketing:


199

Ergänzungsbereich Marketing Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Arts Medienwissenschaft: MA Medienmanagement/Medienökonomie Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Claudia Loebbecke, M.B.A. Univ.-Prof. Dr. Christian-Mathias Wellbrock

10 Miscellaneous Mode of end-of-module examination will be specified in the first session. See www.mtm.uni-koeln.de


200

Supplementary Module Ökonomische Methodologie und Ideengeschichte

Module code 1289EMOM00

Workload 360h

ECTS credits 12



Duration 2 Terms

1 Courses a) Spezielle Fragen zur Metho-dologie und Ideengeschichte der Ökonomik (WiSe) b) Methodologie der ange-wandten Ökonomik (SoSe)




2 Learning objectives Students... ... Die Studierenden... …setzen sich mit wissenschaftstheoretischen Voraussetzungen der Entwicklung und Beurteilung wirtschaftspolitischer Vorschläge auseinander. ...erarbeiten eine intersubjektiv überprüfbare normative Referenz zur ordnungspoliti-schen Beurteilung wirtschaftlicher und gesellschaftlicher Abläufe. ...erkennen und bewerten die zentralen Unterschiede planwirtschaftlicher und markt-wirtschaftlicher Wirtschaftssysteme. ...erarbeiten sich kritische Analysefähigkeit ...wenden die theoretischen Konzepte auf aktuelle Fragen der Wirtschafts- und Sozial-politik an. ...entwickeln Urteilsfähigkeit zu wirtschaftspolitischen Problemen und lernen, ihre Posi-tionen in Diskussionen zu begründen und weiterzuentwickeln. ...entwickeln ein Verständnis für Entwicklung und Entstehung ökonomischer Methoden und Ideen und erhöhen die Fähigkeit, dieses Wissen für heutige Problemzusammen-hänge zu nutzen. ...führen im Seminar den wissenschaftlichen Diskurs.

3 Module content Wissenschaftstheorie, Elemente der ökonomischen Ideengeschichte, Theorien der sozialen Gerechtigkeit, Ordnungsökonomik, Institutionenökonomik

4 Teaching and learning methods seminar lecture practice


6 Mode of end-of-module examination Oral examination: OE (30) Combined examination: PRES, TP




201

Ergänzungsbereich Economics Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Dr. Steffen J. Roth

10 Miscellaneous As the courses are not consecutive, students can begin with the course ‘Selected Is-sues in Economic Methodology and History of Thought’ in the fall term as well.


202

Core Module Political Science I (Master)

Module code 1336BPoWi1

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Comparative analysis of politi-cal institutions

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... identify and can distinguish between the theoretical paradigms, concepts and meth-ods used in institutional comparison in political science. ... recognise and identify institutional commonalities and differences. ... judge the empirical content, logical consistency and scope of the various concepts. ... apply comprehensive factual and conceptual knowledge to current problems and analyses. ... develop their own research approaches. ... communicate their findings to other students and interested parties.

3 Module content • Institutionalism and neoinstitutionalism • Veto player and veto point theory • Theory of structure-induced equilibria • Problem areas: aggregation of individual preferences, coordination of individual deci-sions, collective action, delegation relationships and risk of agency loss • Time consistency and commitments • Endogeneity of institutions and institutional reform • Empirical findings of conventional international comparative studies




7 Prerequisites for awarding of credit points A pass in the written test.

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Arts Regionalwissenschaften Lateinamerika: SoWi MA Reg Lateinamerika Master of Arts Regionalwissenschaften China: SoWi MA Reg China


203

Master of Arts Politikwissenschaft: Basis- und Aufbaubereich Politikwissenschaft Master of Science Geographie: SoWi Master Geographie Master of Arts Regionalwissenschaften Osteuropa: SoWi MA Reg Osteuropa Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. André Kaiser

10 Miscellaneous


204

Core Module Political Science II (Master)


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Comparative analysis of politi-cal economies

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... identify at an advanced level hypotheses, methods and empirical findings concerning links between politics and economics based on an international comparison. ... analyse current developments in political economies in selected areas based on an international comparison. ... independently conduct empirical research into political economies. ... apply advanced methodological knowledge in the empirical analysis of political econ-omies ... based on conventional studies.

3 Module content • Approaches used in political economics and comparative research into government activity • International comparison of political economics of markets • International comparison of political and institutional change in certain areas • Specific research methods in comparative political economics





8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Arts Regionalwissenschaften Lateinamerika: SoWi MA Reg Lateinamerika Master of Arts Regionalwissenschaften China: SoWi MA Reg China Master of Arts Politikwissenschaft: Basis- und Aufbaubereich Politikwissenschaft Master of Science Geographie: SoWi Master Geographie


205

Master of Arts Regionalwissenschaften Osteuropa: SoWi MA Reg Osteuropa Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Christine Trampusch



206

Core Module Political Science III (Master)


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Political theory and the history of ideas

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... research relevant approaches in political theory and the history of ideas through reading and by interpreting key texts. ... describe, analyse and compare approaches and methods in political theory and the history of ideas. ... examine the problems facing current political science research. ... research the link between the political problem in question and the approaches pro-posed by theory and the history of ideas. ... apply their theoretical knowledge to selected past cases and current problems. ... can differentiate between problems in political theory and in the history of ideas.

3 Module content • Traditional and contemporary appraoches and methods in political theory and the history of ideas • Systematic issues of political theory and the history of ideas • Interpretation and analysis • Interdisciplinary approaches and methods • Intercultural and comparative approaches and methods





8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Arts Regionalwissenschaften Lateinamerika: SoWi MA Reg Lateinamerika Master of Arts Regionalwissenschaften China: SoWi MA Reg China Master of Arts Politikwissenschaft: Basis- und Aufbaubereich Politikwissenschaft


207

Master of Science Geographie: SoWi Master Geographie Master of Arts Regionalwissenschaften Osteuropa: SoWi MA Reg Osteuropa Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Wolfgang Leidhold

10 Miscellaneous Relevant reading will be announced at the beginning of each term


208

Core Module Political Science IV (Master)


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses International relations

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... analyse advanced issues in international relations, based on secondary and primary literature. ... understand and problematise these issues, taking into account theoretical concepts in this field ... and empirical research findings. ... determine where these issues play a role in the field of international relations. ... investigate theoretical and empirical questions and hypotheses as the starting point of their own research. ... apply the knowledge they have acquired in order to conduct empirical research work. ... present the findings in verbal and written form. ... verify the initial questions and hypotheses based on the findings.

3 Module content • International politics • Foreign policy • Transnational politics • Conflict research • Cooperation research • International regulatory policy • Security policy • Information and communication • Fields of international politics • Levels of analysis in international politics




7 Prerequisites for awarding of credit points A pass in the combined examination.



209

Master of Arts Regionalwissenschaften Lateinamerika: SoWi MA Reg Lateinamerika Master of Arts Regionalwissenschaften China: SoWi MA Reg China Master of Arts Politikwissenschaft: Basis- und Aufbaubereich Politikwissenschaft Master of Science Geographie: SoWi Master Geographie Master of Arts Regionalwissenschaften Osteuropa: SoWi MA Reg Osteuropa Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Thomas Jäger

10 Miscellaneous Relevant reading will be announced at the beginning of each term


210

Core Module Political Science V (Master)


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses European Politics

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... identify and explain the key milestones of the integration process. ... classify the current developments in the EU system in theoretical, strategic and con-ceptual terms. ... analyse the fundamental trends in the development of the EU’s political system. ... can distinguish between and assess fundamental modes of political and system de-sign in the EU. ... discuss current, relevant political science issues concerning the deepening and ex-pansion of the EU. ... put forward their arguments on the basis of texts written in English and using special-ist vocabulary.

3 Module content • European integration theories • EU strategies and scenarios in the various phases of its development • Conceptual approaches to analysing the long-term development of the EU system • The constitutional and institutional architecture of the European Union • Modes of political and system design in the EU





8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Arts Regionalwissenschaften Lateinamerika: SoWi MA Reg Lateinamerika Master of Arts Regionalwissenschaften China: SoWi MA Reg China Master of Arts Politikwissenschaft: Basis- und Aufbaubereich Politikwissenschaft


211

Master of Science Geographie: SoWi Master Geographie Master of Arts Regionalwissenschaften Osteuropa: SoWi MA Reg Osteuropa Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Sven-Oliver Proksch



212

Core Module Methods of Political Science

Module code NEU 4

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses

Contact hours

Self-Studies

Course Language

2 Learning objectives Students...

3 Module content





8 Other programmes that use the module Master of Arts Politikwissenschaft: Basis- und Aufbaubereich Politikwissenschaft Master of Science Economics: Ergänzungsbereich Economics Master of Arts Regionalwissenschaften China: SoWi MA Reg China Master of Science Geographie: SoWi Master Geographie Master of Arts Regionalwissenschaften Osteuropa: SoWi MA Reg Osteuropa Master of Arts Regionalwissenschaften Lateinamerika: SoWi MA Reg Lateinamerika Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager

10 Miscellaneous


213


214

Supplementary Module Social Regional Development and Co-Operatives

Module code 1320EMSG00

Workload 360h

ECTS credits 12



Duration 1 or 2 Term(s)

1 Courses a) Vorlesung: Kooperatives Wirtschaften im Sozialraum (fall term) b) Seminar Sozialraumentwick-lung und Genossenschaftswe-sen (spring term) c) Seminar Economic Coopera-tion in Developing Countries (spring term)



Course Language a) German b) German c) English

2 Learning objectives Students... ... independently structure forms of economic cooperation in different contexts, based on theory. ... recognise and discuss advantages and problems of different forms of cooperation. ... examine various reform options and weigh up the advantages and disadvantages. ... formulate research questions in the seminars and present their arguments inde-pendently. ... combine the information to form a new context, through term papers and a presenta-tion, and practise using presentation techniques. ... receive suitable preparation for their master thesis and work in an international con-text, by writing papers independently in German and English.

3 Module content The content of the courses in the “Social Space Development and Co-Operatives” module is based on a predominantly “bottom up” approach, looking at how social environments develop through cooperative forms of self-help. Modern social environment systems are creat-ed and shaped by social interactions, influencing their place in cultural history and social con-struction, and by constant reinvention. Students are introduced to systems of thought and behaviour and investigate different concepts used in the analysis of social orders, the third sector, NPOs, civil society and social capital. Academic discussion of social reform (usually restricted to legal analyses of the regulatory frameworks and economic analyses of the incentive structures) are supple-mented by political analyses of the institutional settings, sociological research that uses data to clarify social problems and psychological studies on sociopolitical processes. The impacts of collec-tive forms of self-help are analysed using concepts relating to personal circumstances, the capabil-


215

ity approach and empowerment. The module gives students an understanding of cooperative systems, taking into ac-count the various socioeconomic challenges. With a social environment perspective, they ex-plore a wide range of areas, from local cooperative forms of self-help to welfare state policy in the traditional sense, to European issues and issues in development economics. The approach is consistently interdisciplinary and ranges from comparative methods to examination of the guiding anthropological principles.

4 Teaching and learning methods seminar lecture

5 Module entry requirements No recommendation

6 Mode of end-of-module examination Written test: WT (60) Combined examination: PRES, TP

7 Prerequisites for awarding of credit points 1.) A pass in the written test of course a). 2.) A pass in the combined examination of course b) or c).

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Arts Regionalwissenschaften Lateinamerika: SoWi MA Reg Lateinamerika Master of Arts Regionalwissenschaften China: SoWi MA Reg China Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Geographie: SoWi Master Geographie Master of Arts Regionalwissenschaften Osteuropa: SoWi MA Reg Osteuropa Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Frank Schulz-Nieswandt

10 Miscellaneous The examination components contribute equally to the end-of-module mark.


216

Supplementary Module Trans- and international perspective of social policy

Module code 1320EMSt00

Workload 360h

ECTS credits 12



Duration 1 Term

1 Courses a) European Social Policy b) International Comparison of Health Care Systems




2 Learning objectives Students... ... apply and examine in more detail fundamental aspects of social policy in various areas of study with international and European components. ... acquire competence to conduct theory-based problem analysis in complex, multidis-ciplinary, international and European contexts. ... independently identify areas of study and formulate research questions. ... combine the information in a new context in the form of term papers and formulate alternative solutions. ... receive suitable preparation for their master thesis by writing papers independently.

3 Module content The “Trans- and international perspective of social policy” module combines courses that deal with the European influence on social policy interventions and courses that conduct an international comparison of institutional solutions. The aim is for students to familiarise themselves with the whole gamut of social policy arrangements and to identify examples of best practice. Policy change and diffusion issues are also covered. The module takes an interdisciplinary approach, comprising various perspectives (in-cluding integration theory and comparative welfare state research as well as social poli-cy concepts that include economic factors).




7 Prerequisites for awarding of credit points A pass in the joint examination.

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Arts Regionalwissenschaften Lateinamerika: SoWi MA Reg Lateinamerika Master of Science Sociology and Social Research:


217

Ergänzungsbereich Sociology and Social Research Master of Arts Regionalwissenschaften China: SoWi MA Reg China Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Science Geographie: SoWi Master Geographie Master of Arts Regionalwissenschaften Osteuropa: SoWi MA Reg Osteuropa Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Frank Schulz-Nieswandt

10 Miscellaneous Both courses must be taken. The courses will be examined jointly.


218

Specialisation Module Supply Chain Innovation

Module code 1271S.MSChI

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Supply Chain Innovation (2. Term)

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... …analyse supply chain innovations, and understand their implications. Discuss and present implications in groups, to the class, and in written reports. …understand the need for innovations for competing supply chains. Critically reflect on peer analyses of supply chain innovations. …conceptualise supply chain innovation strategies. …engage in a scientific discourse on the emergence and management of disruptive innovations. …detect and craft approaches as well as responses to disruptive innovations individual-ly and in group work. Present approaches to classmates. …analyse innovation systems to nurture the creative potential operations’ and supply chains’ …assess the value of supply chain innovation projects …conceptualize processes for the implementation of innovations …understand and independently reflect on challenges of current technological changes in supply chains

3 Module content • Innovation strategy in supply chains • Innovation management in supply chains • Supply Chain Innovation Processes: Idea generation, idea selection, idea implemen-tation • Collaborative supply chain innovation • Applications of supply chain innovation strategy • Current technological changes and effective supply chain strategies


5 Module entry requirements Recommended: At least 12 CP in the section Foundation Knowledge (Specialisation Section SCM)




219

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Schwerpunktbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Ergänzungsbereich International Management Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Fabian Sting



220

Specialization Module Project Management

Module code 1271SMPrjM

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Project Management

Contact hours 60h

Self-Studies 120h


2 Learning objectives Students... …understand the strategic relevance of project management across industries. …understand, recognise, and discuss the importance of project complexity, project uncertainty and human behavior in managing projects. …engage in group and class discourses to evaluate how different project planning and execution approaches are contingent on project environments …reflect on their own developed project management skills by applying these in project groups and case studies. Critically reflect on own and peer developed project manage-ment solutions. …apply modern methods of project planning and project execution such as agile or help-based project management systems …apply real options thinking to determine the value of uncertain projects. …recommend project approaches to cope with uncertainty, complexity, and human behavior while accounting for the multidimensional goals of project stakeholders

3 Module content • project definition and scoping • project risk analysis and risk management • resource allocation and budgeting • project scheduling • project monitoring • project portfolio management • managing human behavior in projects


5 Module entry requirements Recommended: at least 12 ECTS credits from the group Foundation Knowledge





221

Master of Science Business Administration - Supply Chain Management: Schwerpunktbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Basis- und Aufbaubereich International Management Ergänzungsbereich International Management Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Fabian Sting

10 Miscellaneous


222

Specialisation module Supply Chain Operations

Module code 1271SMSC03

Workload 360h

ECTS credits 12



Duration 1 Term

1 Courses Operations Management

Contact hours 120h

Self-Studies 240h


2 Learning objectives Students... ... The students... ... devise strategies for controlling companies’ operations. ... apply mathematical methods to determine companies’ optimum inventory levels. ... apply these methods in order to optimise contracts between companies. ... are introduced to revenue management methods and use them to analyse various supply chain management issues. ... use their knowledge in case studies devise and discuss their solutions with the rest of the team and compare them with alternative solutions. ... identify behaviour-based aspects in supply chain management. ... use the findings to enhance existing models.

3 Module content • Inventory Management • Contract Design • Capacity and Revenue Managment • Data Processing in Supply Chains • Behavioral Operations


5 Module entry requirements None



8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Schwerpunktbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation:


223

Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science International Management: Ergänzungsbereich International Management Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Ulrich W. Thonemann

10 Miscellaneous


224

Specialisation module Production Management

Module code 1271SPrMa0

Workload 360h

ECTS credits 12



Duration 1 Term

1 Courses a) Supply Chain Management und Produktion II (2. Term) b) Supply Chain Management und Produktion I (1. Term)




2 Learning objectives Students... ... acquire knowledge about the problems that occur in production and supply chain management and methods for solving them. ... learn about the relationships between the relevant decision variables and are able to develop and implement proposals for practical solutions to specific decision problems, based on solid theoretical foundations.

3 Module content • Site planning • Production infrastructure design • Flow production system design (under deterministic and stochastic conditions) • Central Production design (flexible manufacturing systems) • Forecasting methods (including time series analysis) • Aggregated planning • Master production planning • Resource planning for workshop production • Resource planning in central productions • Quality control • Maintenance planning





8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management:


225

Schwerpunktbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Horst Tempelmeier

10 Miscellaneous Guided and structured self-study in groups. This module consists of at least one course which takes place either until the middle of the semester (1. term) or from the middle of the semester (2. term). You can find this information in the field “Courses” of the module descriptions. In general midterm of the fall semester ends in December and of the summer semester in May. The appropriate examinations are offered in the middle of the semester often.


226

Specialisation Module Corporate Taxation

Module code 1016SbeUn0

Workload 360h

ECTS credits 12



Duration 2 Terms

1 Courses a) Corporate Taxation I (WiSe) b) Corporate Taxation II (SoSe)




2 Learning objectives Students... ... are familiar with problems and methods in business taxation. ... understand how taxes influence choice of legal structure. ... gain an insight into taxation of transnational business operations. ... understand how taxes influence national and transnational decisions for companies. ... apply the expertise they have acquired to specific case studies.

3 Module content • Significance of taxation in terms of business administration • Taxation of partnerships and corporations • Choice of legal structure based on current national and transnational taxation practice • Optimisation of legal structure; special legal structures • Taxation of transnational business operations and international tax planning • Problem of double taxation and dealing with measures designed to prevent tax arbi-trage • Tax planning for corporate restructuring and takeovers • German Reorganisation Tax Act • Exercises to deepen knowledge of subject matter covered in class


5 Module entry requirements Recommended: Basic knowledge of tax law.


7 Prerequisites for awarding of credit points Passing the written tests. Both courses must be attended; the examinations refer to topics of both courses.

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation:


227

Schwerpunktbereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section


10 Miscellaneous The module can be started in the spring term as well. However, a start in the fall term is advised.


228

Specilisation Module Selected Issues in Business Taxation II

Module code 1016SMSB02

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) International Tax Planning (1. Term) b) Taxation of Corporate Groups



Course Language a) English b) German

2 Learning objectives Students... ... gain methodological competence in tax law. ... acquire a deeper understanding of tax law. ... learn how to solve new cases using the knowledge they have acquired.

3 Module content Selected Issues in Business Taxation


5 Module entry requirements Recommended: Basic knowledge of corporate taxation

6 Mode of end-of-module examination Combined examination: WT (30), OE (30)

7 Prerequisites for awarding of credit points Passing the combined examination. Both courses must be attended; the examiniation refers to topics of both courses.

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Schwerpunktbereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs:


229

Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section




230

Core Module International Tax Law

Module code 1015BMIS00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Internationales Steuerrecht

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ...acquire methodological competence in the area of international tax law. ...acquire subject expertise to deepen their understanding of international tax law. ...learn how to solve new cases using the subject expertise and methodological compe-tence they have acquired.

3 Module content • Außensteuergesetz (German Foreign Transaction Tax Act) • Double taxation agree-ments





8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Accounting and Taxation: Schwerpunktbereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Johanna Hey

10 Miscellaneous


231

Basismodul Bilanzsteuerrecht

Module code 1015BMBi00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Bilanzsteuerrecht (WiSe)

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ...acquire methodological competence in the area of tax accounting law. ...acquire subject expertise to deepen their understanding of tax accounting law ...learn how to solve new cases using the subject expertise and methodological competence they have acquired.

3 Module content • German Commercial Code • German Fiscal Code/Income Tax Act/Valuation Act • International accounting standards • Tax accounting legal issues • Case studies





8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Accounting and Taxation: Basis- und Aufbaubereich Accounting and Taxation Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Joachim Hennrichs

10 Miscellaneous


232

Core Module Selected Issues in Tax Law

Module code 1015BMAu00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Ausgewählte Fragestellungen des Steuerrechts

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ...gain advanced knowledge in specific areas of tax law. Since they choose a specialist subject from among the subjects offered by the University’s Institute of Tax Law, they can acquire com-petence in areas such as group tax law and reorganisation tax law. ...who take group tax law as a subject examine the special features of taxation of groups of com-panies. In addition to taxation itself, the focus is on fiscal units, com-pany acquisitions and divesti-tures, utilisation of losses, intra-group transactions, groups in tax treaty law and group reporting. ...who take reorganisation tax law as a subject learn about the various reorganisation processes. The course covers both the civil law provisions applicable to such processes and the special features of their taxation as specified in the German Reorganisation Tax Act. Students gain an overview of the tax treatment of mergers, demergers, capital contributions, reorganisation, accre-tion, share swaps and international reorganisation.

3 Module content Selected Issues in Tax Law


5 Module entry requirements Recommended: basic knowledge of income tax law and corporate tax law.




9 Module manager Univ.-Prof. Dr. Johanna Hey

10 Miscellaneous


233


234

Supplementary Module Economic Geography I

Module code 1343EMWi01

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Enterprises and Regional De-velopment in the European Union

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... analyse subnational regional processes, decisions and stakeholder networks against the backdrop of global economic developments impacting on the region in various coun-tries of the European Union. ... are familiar with decision-making processes concerning business locations in the European Union. ... explore the processes with which transnational (industrial) enterprises and global value chains distribute capacity and expertise within the European Union. ... understand how regional development processes in the European Union interact with the Global South. ... combine what they have learnt with interdisciplinary perspectives. ... interpret and critically assess selected case studies of regional development pro-cesses in the European Union, based on theoretical concepts. ... apply their findings in practice. ... engage in academic discourse.

3 Module content • Theories and empirical developments at locations in the European Union • Examples of regional development processes in European Union countries • Regional structures and stakeholders that interact with international and EU-wide decision pro-cesses





8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Arts Regionalwissenschaften Lateinamerika: SoWi MA Reg Lateinamerika


235

Master of Arts Regionalwissenschaften China: SoWi MA Reg China Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Arts Regionalwissenschaften Osteuropa: SoWi MA Reg Osteuropa Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager Univ.-Prof. Dr. Martina Fuchs

10 Miscellaneous


236

Supplementary Module Economic Geography II


Workload 360h

ECTS credits 12



Duration 1 Term

1 Courses a) Wissen, Innovation und Re-gionalentwicklungen b) Aktuelle Fragen und Metho-den der Raumforschung




2 Learning objectives Students... ... interpret current theories on knowledge-based regional development and innovation-oriented regional policy. ... analyse selected regions and businesses in Germany. ... specify a theoretical question relating to a case study, e.g. in the federal state of North Rhine-Westphalia. ... recognise and assess the significance of innovation and knowledge for local regional devel-opment. ... critically apply theoretical concepts to empirical case studies. ... develop their own study on regional development opportunities. ... conduct independent research using primary and secondary data. ... analyse current research questions in economic geography. ... apply critically selected methods to examine a case study. ... explore cartographic methods, including GIS. ... present their results (text, chart, map).

3 Module content • Theories and empirical developments concerning knowledge-based and innovation-oriented regional development • Case studies of regional development processes • Economic geography methods

4 Teaching and learning methods project



7 Prerequisites for awarding of credit points Passing the combined examination. Only one course must be attended; the examina-tion refers to the topic of only one course.



237

Master of Arts Regionalwissenschaften Lateinamerika: SoWi MA Reg Lateinamerika Master of Science Sociology and Social Research: Ergänzungsbereich Sociology and Social Research Master of Arts Regionalwissenschaften China: SoWi MA Reg China Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Arts Regionalwissenschaften Osteuropa: SoWi MA Reg Osteuropa Master of Science Economics ab WS 18/19: Supplementary Section


10 Miscellaneous


238

Supplementary Module Economic Geography III


Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses Global South, Emerging Econ-omies and New Global Growth Regions

Contact hours 30h

Self-Studies 150h


2 Learning objectives Students... ... analyse selected regions and businesses located outside Europe, particularly Latin America, East Asia, Central/Eastern Europe. ... define conditions for economic growth. ... recognise and assess the significance of innovation, technology and knowledge for regional development in emerging economies and the Global South. ... discuss the role of institutions, organisations and networks. ... identify sectoral and industry-related differences. ... critically apply theoretical concepts to empirical case studies. ... develop their own point of view concerning regional development opportunities aris-ing from global value chains and training. ... conduct independent research on a secondary basis. ... engage in academic discourse.

3 Module content • Theories and empirical developments in regions and businesses located outside Eu-rope, par-ticularly Latin America, East Asia, Central/Eastern Europe • Examples of regional development processes • Regional structures, institutions and players and their interaction with transnational decision-making processes





8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Arts Regionalwissenschaften Lateinamerika: SoWi MA Reg Lateinamerika Master of Arts Regionalwissenschaften China:


239

SoWi MA Reg China Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Arts Regionalwissenschaften Osteuropa: SoWi MA Reg Osteuropa Master of Science Economics ab WS 18/19: Supplementary Section


10 Miscellaneous


240

Specialisation Module International Accounting and Corporate Valuation

Module code 1016SIRUb0

Workload 360h

ECTS credits 12



Duration 2 Terms

1 Courses a) Corporate Valuation b) International Accounting




2 Learning objectives Students... ... gain confidence in balance sheet preparation using international accounting stand-ards [IFRS]. ... acquire expertise on how to interpret standards in line with the system being used. ... apply to real-life cases what they have learned about accounting rules. ... apply business valuation approaches when preparing IFRS balance sheets. ... acquire expertise on how to differentiate between different reasons for and purposes and doctri-nal concepts of business valuation. ... apply the basic rules of investment valuation theory to business valuation problems. ... produce cash flow forecasts. ... acquire expertise on how to use the different variants of the DCF method and other modern valuation methods based on the aims being pursued.

3 Module content International accounting: • Doctrinal and conceptual principles of IFRS • IASB framework • Rules for recognising assets and liabilities • measurement rules • Special problems in IFRS separate and consolidated financial statements Business valuation: • Reasons, purposes, history of doctrines • Equivalence principles • Forecasting rules and instruments • Risk/benefit approach to business valuation • Capital market oriented valuation methods






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8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Schwerpunktbereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section


10 Miscellaneous An exam is offered in every semester.


242

Specialisation Module Selected Issues in Accounting and Auditing Issues I

Module code 1016SAFRW0

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) Unternehmenspublizität und Jahresabschlussanalyse b) Konzernbilanzen (1. Term)




2 Learning objectives Students... ... acquire expertise on how to assess the legal and strategic aspects of modern capital market communication. ... acquire experise on how to assess the motives behind accounting policies and to analyse the instruments used in accounting policies. ... assess from various perspectives the usefulness of accounting data as a decision-making aid. ... acquire expertise on how to use business valuation methods when analysing annual financial statements, based on the aims being pursued. ... gain confidence in group accounting using national and international standards. ... analyse real-life accounting problems.

3 Module content • Regulation of capital market information • Value relevance studies • Company rating techniques • KPI-based analysis • Special problems in group accounting




7 Prerequisites for awarding of credit points Passing the written test. Both courses must be attended; the examination refers to topics of both courses.

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Schwerpunktbereich Accounting and Taxation


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Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Arts Regionalwissenschaften China: BWL MA Reg China Master of Science Business Administration - Finance: Ergänzungsbereich Finance Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Geographie: BWL Master Geographie Master of Science Mathematics: WiWi MA Mathe/Wirtschaftsmathe Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Wirtschaftsmathematik: WiWi MA Mathe/Wirtschaftsmathe Master of Science Economics ab WS 18/19: Supplementary Section


10 Miscellaneous


244

Specialisation Module Selected Issues in Accounting and Auditing Issues II

Module code 1016SMAR02

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) Sonderprüfungen b) Methoden und Institutionen der Jahresabschlussprüfung




2 Learning objectives Students... ...acquire competence in the assessment of the legal and institutional as-pects of audits of annual financial statements. ...gain methodological competence in the application of modern auditing techniques ...operationalise business analysis strategies when auditing annual financial statements. ...acquire competence in the assessment and design of proper procedures for carrying out ad hoc audits.

3 Module content • Audit regulation • System and analytical audits • Tests of detail • Audit planning and procedure • Industry-specific and ad hoc audits







10 Miscellaneous


245

Specialisation Module Selected Issues in Accounting

Module code 1016SMSA00

Workload 180h

ECTS credits 6



Duration 1 Term

1 Courses a) Selected Issues in Account-ing b) Integrated Reporting (SoSe)




2 Learning objectives Students... ...will acquire skills to conduct empirical research in accounting like required for an empirical master thesis ...will acquire data analysis skills using econometric methods in STATA ...will acquire skills related to interpreting and critically discussing empirical results

3 Module content Empirical Accounting Research Design - Structure of an empirical master thesis and writing skills - Classic panel data designs (e.g. ordinary least squares, random effects, fixed effects, first dif-ferences) and causal research designs (e.g. difference-in-difference, regression discontinuity und instrumental variables) - Selecting data and preparing the data for analysis - Variable generation, descriptive statistics and model specification - Hypotheses tests - Interpretation and discussion of results Selected - Issues in Accounting


5 Module entry requirements Recommended: Basic econometrics knowledge (OLS estimator) and basic STATA skill


7 Prerequisites for awarding of credit points Passing the written test. Only one course must be attended; the examination refers to topics of only one course.

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Schwerpunktbereich Accounting and Taxation Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management


246


9 Module manager Area Accounting and Taxation Univ.-Prof. Dr. Carsten Homburg Univ.-Prof. Dr. Christoph Kuhner Univ.-Prof. Dr. Michael Overesch

10 Miscellaneous


247

Studies Abroad I (Master)

Module code 1014SAEr01

Workload 360h

ECTS credits 12

Module Lan-guage


Duration 1 Term

1 Courses

Contact hours

Self-Studies

Course Language

2 Learning objectives Students... ... describe approaches to business administration, economics and social sciences from an international ... perspective. ... explain international issues in the areas of business administration, economics and social science. ... discuss and compare different theories and approaches in business administration, economics and ... social science. ... develop new intellectual perspectives with regard to their own education. ... recognize the dynamic, global dimensions of their professional future.

3 Module content Depends on chosen course

4 Teaching and learning methods je nach Kurswahl


6 Mode of end-of-module examination TR - depending on course selection

7 Prerequisites for awarding of credit points Depends on chosen course

8 Other programmes that use the module Master of Science Economics: Ergänzungsbereich Economics Master of Science Business Administration - Supply Chain Management: Ergänzungsbereich Supply Chain Management Master of Science Sociology and Social Research: Ergänzungsbereich Sociology and Social Research Master of Science Business Administration - Marketing: Ergänzungsbereich Marketing Master of Science Business Administration - Accounting and Taxation: Ergänzungsbereich Accounting and Taxation Master of Science Business Administration - Media and Technology Management: Ergänzungsbereich Media and Technology Management Master of Science Business Administration - Finance: Ergänzungsbereich Finance


248

Master of Science Information Systems: Ergänzungsbereich Information Systems Master of Arts Politikwissenschaft: Ergänzungsbereich Politikwissenschaft Master of Education Wirtschaftspädagogik/Lehramt an Berufskollegs: Ergänzungsbereich Wirtschaftspädagogik Master of Science Business Administration - Corporate Development: Ergänzungsbereich Corporate Development Master of Science Economics ab WS 18/19: Supplementary Section

9 Module manager

10 Miscellaneous Language: can be held in English or in any language offered at the host university. This module can be studied at a higher education institution in another country. There is a standardised accreditation procedure for such cases. Information about course accredi-tation (deadlines and procedures) can be obtained from the Credit Transfer Centre (Wi-So Credit Transfer Centre: https://www.anrechnungwiso.uni-koeln.de/) This module can also be taken as part of a summer school organised by the WiSo Faculty. In this case, students must register for the examination in accordance with the rules of the WiSo Faculty prior to embarking on the module.


249

4 Masterarbeit

Master's Thesis in Economics

Module code 1302MaEc00

Workload 720h

ECTS credits 24



Duration 1 Term

1 Courses

Contact hours

Self-Studies

Course Language

2 Learning objectives Students... ... are familiar with current debate on economic theories and methods and make use of it through their own independent research work. ... identify questions and issues that meet academic requirements. ... work on these questions independently, using the main primary and secondary litera-ture. ... formulate theoretical and methodical (qualitative and/or quantitative) approaches to academic research. ... draw up a research plan and implement it independently. ... organise and design an academic research process. ... independently collect relevant data and evaluate them in a methodically competent manner. ... discuss theoretical and methodical problems in depth with teaching staff, other stu-dents and persons with an interest in the field. ... critically assess research findings and derive conclusions from them that are relevant to research and society.

3 Module content The topic of the master’s thesis must reflect the economic methods learned during the programme.

4 Teaching and learning methods Masterthesis

5 Module entry requirements 60 ECTS credits obtained

6 Mode of end-of-module examination Written test 6 months


8 Other programmes that use the module Master of Science Economics: Masterarbeit Master of Science Economics ab WS 18/19: Masterthesis


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10 Miscellaneous The master’s thesis may be written in German or English.


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