European Master and Certification Program
in Risk Engineering and Management

F1
Economics

Course code: 127999
Language of instruction: English
Duration of the course: 10 days (90h)
Lecturers: Prof. Dr. Dr. h.c. Dirk Linowski (Steinbeis University Berlin)
Assessment: Written Exam
Credit points: 3 CPs

Short description

This module:

introduces the economic framework needed for managerial decision-making. Therefore, different basic concepts in economics are presented such as consumer behavior, production concepts and cost concepts. The module will further focus on the relation between input demands and output decisions in competitive markets. Macroeconomics as well as microeconomics will be presented and an insight will be given into alternative market structures and today's pricing practices.

Objectives

The participants will:

- understand macroeconomic theories needed for business understanding,

- acquire knowledge about microeconomic basics and 

- acquire knowledge about managerial economics needed for understanding price creation, market structure and market demands.

Target Attendees / Participants

Students of Steinbeis Master of Business Administration

Course Content by Units

Subjects and methods of Economics

Introduction to Macroeconomics

Alignment of Microeconomics in Economic Sciences

Households theory

Theory of the firm

Market and price theory

General equilibrium theory

Subject and methods of business administration

Introduction to fundamentals and frameworks of entrepreneurial activities

Business accounting

Corporate structure and processes (organization)

Teaching Methods

Classic lecturing

Free and interactive class discussion

Literature

Defined in the courses
For more information about the European Master and Certification Program in Risk Engineering and Management in general, go the Homepage.
For more information about the European Master Program in Risk Engineering and Management in general, go the Master Study page.
To see more courses in the curriculum, go to The curriculum page, or by date and topic go to the Calendar of Courses page.
Contact: via email sti889@risk-technologies.com or phone +49 711 1839 781 or +49 711 1839 647
(Course profile ID: F1, generated on January 15, 2025)