Details/peculiarities Practical: Classroom activities NER2 New Economic Realities 2 name Description of the educational unit New Economic Realities 2 Module code IBVB15NER2 Year of 4 Period 2 or 4 Year 2018-2019 Study load 4 EC = 112 hours Learning After completion of this module, students: Outcomes/Competencies expound the foundations of New Institutional Economics (NIE) and Behavioural Economics (BE); explain the significance of the latter extensions/modifications of mainstream economics (Neoclassical Economics) in the context of international business activities; name and explain the most important current economic systems and macroeconomic spaces; describe and discuss the diversity of economic actors on a global and can describe their roles and activities in terms of the conceptual frameworks provided by NIE and BE; professionally characterize the Corporate Responsibility and Sustainability Paradigm, compare them to the Old School Paradigm, and demonstrate their relevance for managerial decision and action; systematically present and explain the connections and interdependencies between the economic theories, the economic entities, and the new paradigms (based on the Three Pillar Model as presented and used in class). Program Learning outcomes from the IBMS Framework: WT1-3, WT3-3, LW10-3, LW14-3, TWM 20-3 Target group/position within Compulsory for Graduation International Strategy & Business the curriculum Development Optional for exchange students Prerequisites IBMS students need to have been either on PLM or SAB, preferably both, with or without completing all credits. Exchange students and students from other schools of the HG: previous knowledge of the corresponding subject area is required. Graduation year bachelor (i.e. advanced previous knowledge of the corresponding subject area is required) Course contents Central to this module is the increasing significance and influence of NIE and BE as rather recently added key components of economic theory, especially with regard to business applications. Based on state-of-the art material from the corresponding fields of research, the most relevant ideas and concepts are explained and illustrated by classical as well as current examples taken from diverse sectors of the global economy. Students are provided with a cognitive toolkit enabling them to professionally analyse macroeconomic spaces undergoing rapid change, in and outside Europe. The impact of entities, factors, and parameters (e. g. WTO, IMF, economic and societal trends and mega-trends, demographics, geophysical, and biological facts etc.) on business organisations are studied, and opportunities and threats for companies are investigated.
Details/peculiarities Practical: Classroom activities NER2 New Economic Realities 2 name Description of the educational unit New Economic Realities 2 Module code IBVB15NER2 Year of 4 Period 2 or 4 Year 2018-2019 Study load 4 EC = 112 hours Learning Outcomes/Competencies After completion of this module, students: expound the foundations of New Institutional Economics (NIE) and Behavioural Economics (BE); explain the significance of the latter extensions/modifications of mainstream economics (Neoclassical Economics) in the context of international business activities; name and explain the most important current economic systems and macroeconomic spaces; describe and discuss the diversity of economic actors on a global and can describe their roles and activities in terms of the conceptual frameworks provided by NIE and BE; professionally characterize the Corporate Responsibility and Sustainability Paradigm, compare them to the Old School Paradigm, and demonstrate their relevance for managerial decision and action; systematically present and explain the connections and interdependencies between the economic theories, the economic entities, and the new paradigms (based on the Three Pillar Model as presented and used in class). Program Learning outcomes from the IBMS Framework: WT1-3, WT3-3, LW10-3, LW14-3, TWM 20-3 Target group/position within the curriculum Compulsory for Graduation International Strategy & Business Development Optional for exchange students Prerequisites IBMS students need to have been either on PLM or SAB, preferably both, with or without completing all credits. Exchange students and students from other schools of the HG: previous knowledge of the corresponding subject area is required. Graduation year bachelor (i.e. advanced previous knowledge of the corresponding subject area is required) Course contents Central to this module is the increasing significance and influence of NIE and BE as rather recently added key components of economic theory, especially with regard to business applications. Based on state-of-the art material from the corresponding fields of research, the most relevant ideas and concepts are explained and illustrated by classical as well as current examples taken from diverse sectors of the global economy. Students are provided with a cognitive toolkit enabling them to professionally analyse macroeconomic spaces undergoing rapid change, in and outside Europe. The impact of entities, factors, and parameters (e. g. WTO, IMF, economic and societal trends and mega-trends, demographics, geophysical, and biological facts etc.) on business organisations are studied, and opportunities and threats for companies are investigated.
Course%20Outlines%20Exchange%20students_incoming%202018-2019.docx