Economics for Executives
A main mission of our Chair is to familiarize participants in executive education with important topics in economics. The aim is to develop an understanding of the mechanics of macroeconomic impact chains. This enables executives to assess the exposure of their own business to macroeconomic conditions and to include them into their strategic planning. We work with innovative teaching materials 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 in order to properly assess their potential. In this way, executives obtain an effective navigation aid for identifying processes that are particularly suitable for AI solutions. What is more, such an understanding forms the basis for a critical assessment of the societal opportunities and risks of AI.
Research
Our research focuses on the role of uncertainty in economic and political systems. In practice, it is often impossible for decision makers to assess and evaluate the consequences of their actions in an objective way. This is due to the fact that our complex economic and political systems repeatedly present us with novel situations. We investigate the ways in which economic and political actors evaluate decisions in situations of uncertainty, and the feedback effects that this has on the functioning of the systems themselves. We are also interested in the role that the respective mechanisms play in the emergence of crises, and in the consequences for suitable (economic) policies.
Recent papers
The economics of beliefs under fundamental uncertainty