Economics for Executives
A main mission of our Chair is to make participants in executive education familiar with important topics in economics. A particular focus is on forces behind macroeconomic developments and their impact on business. We use innovative teaching material that we develop specifically for our executive education modules.
Machine Learning and AI for Executives
In executive education, we also offer several innovative teaching formats in data science, machine learning and artificial intelligence (AI). We believe that executives themselves should have a basic understanding of how these techniques work for properly assessing their potential and for identifying use cases that are suitable for AI solutions. What is more, such an understanding forms the basis for a critical assessment of the societal opportunities and threats of AI.
Our research focuses on the role of uncertainty in economic systems. In practice, it is often impossible for decision makers to assess and evaluate the consequences of their actions in an objective way, as our dynamic economic system repeatedly presents us with novel unknown situations. We investigate the ways in which economic actors evaluate decisions in situations of uncertainty, and how these decisions feed back into the functioning of the system. We are also interested in the role of the respective mechanisms in the emergence of crises, and in their consequences for adequate economic policies. For more information about my recent research, see here.
Link to CV