LFU:online

Students gain a basic understanding of concepts in decision theory, game theory, and information economics with a special focus on decision processes in companies and markets. Topics include energy markets, currency markets and state capitalism in Russia and China. Ethics and morals are prominently discussed.

Concepts of rationality, normative decision theory, game theory, value of information, tax competition and tax havens (failure of markets and governments), Incentive structures and payment schemes, global markets for goods and capital, a historical review of speculation waves, energy markets, currency markets (computerized und high frequency trading), morals, ethics and markets.

Lecture with discussions, surveys that are discussed in class, occasionally  short parts from  DVDs will be shown.

Positive completion of four mandatory courses from the core area of managament referred to in § 6 (2).

Please note that attendance is required on March 14th as otherwise your course place is free for other students.