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Fachkompetenz
  • are able to describe fundamental concepts of digital markets
  • can describe the impact of digitization on business models, value creation, organizations and society
  • understand platform ecosystems and their dynamics
  • can describe the role of IT in the development of platform based ecosystems
  • can make predictions of future developments of digital businesses & platforms
  • provide proper argumentation for the solution path chosen in the assignment
Selbstkompetenz
  • participate self-initiated and act on one's own responsibility
  • recapitulate the contents of lectures, exercises and cases in a self-organized way
  • assess their own learning progress during lectures, exercises, case studies and self-study
  • identify their own strengths and weaknesses
Sozialkompetenz
  • work together to solve the assignments, communicate with each other and give support
  • evaluate themselves and their contribution in the team with relation to cooperation, communication and troubleshooting
  • develop their social competences while working in a team and adapt these competences to optimize the result of the teamwork
  • support other team members while presenting the results
  • tolerate different opinions and working styles
Methodenkompetenz
  • are able to apply methods and models in relation to digitization to contemporary problems
  • are able to analyze and evaluate platform based business models
  • solve different assignments with relation to the the methods learnt
  • evaluate the developed solutions regarding its applicability and its reasonableness
Fachkompetenz
  • are able to describe fundamental concepts of digital markets
  • can describe the impact of digitization on business models, value creation, organizations and society
  • understand platform ecosystems and their dynamics
  • can describe the role of IT in the development of platform based ecosystems
  • can make predictions of future developments of digital businesses & platforms
  • provide proper argumentation for the solution path chosen in the assignment
Selbstkompetenz
  • repeat the contents of lectures and exercises in a self-organized way
  • assess their own learning progress during lectures
  • identify their own strengths and weaknesses
  • tolerate different opinions and working styles
  • listen carefully, read and repeat, practice until they understand the logic and mathematics behind models
  • work together and motivate other students who tend to give up as a reaction to the difficulty
Sozialkompetenz
  • pitch solutions to fellow students
  • argue in favor of and against candidate solutions
  • defend their stance in discussions
  • understand and critically discuss the arguments of fellow students.
Methodenkompetenz
  • know methods in decision theory
  • know key concepts of experimental research approaches to test market and trader behavior
  • use methods and models on unknown decision situations.
  • calculate optimal solutions and equilibria
  • compare different methods for measuring and controlling risk and uncertainty in decision processes
  • evaluate decision methods in mini cases and find appropriate models for solving typical problems
  • are able to identify Nash Equilibria in simple Prisoner's Dilemma settings
Fachkompetenz
  • know the most prominent decision theories
  • understand how rational solutions may be achieved by using classical decision models
  • understand the differences between decision under certainty, risk and ignorance
  • know different levels of market efficiency and their implications
  • understand how information is processed on financial markets
  • solve decision problems by using DT models and methods.
  • find the strategic aspect of a problem and transform it into a simplified problem.
  • can explain non-cooperative game theory
  • analyze decision situations.
  • evaluate Investments with EUT, MV and PT, explain and interpret the assumptions of these
Selbstkompetenz
  • repeat the contents of lectures and exercises in a self-organized way
  • assess their own learning progress during lectures
  • identify their own strengths and weaknesses
  • tolerate different opinions and working styles
  • listen carefully, read and repeat, practice until they understand the logic and mathematics behind models
  • work together and motivate other students who tend to give up as a reaction to the difficulty
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