Skip to Main Content
Sign In
Methodological Competence
  • Know methods in decision theory.
  • Use theories, 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 and analysis methods in mini cases and find appropriate models for solving typical problems.
  • Know how to use a range of instruments to control the capital structure of a corporation.
  • Choose suitable financing and investment tools
  • use methods and models on unknown decision situations. Calculate optimal solutions and interpret them.
Professional Competence
  • Know the most prominent decision theories. They are aware of the important human biases in financial decision making.
  • Understand how rational solutions can be found by applying classical decision models and are aware of the differences between these model solutions and the solutions humans normally come up with.
  • Solve decision problems by using DT models and quantitative methods. They find the strategic aspect of a problem and transform it into a simplified game/problem.
  • Evaluate of Investments with EUT, MVT and PT.
  • Know the most prominent rules for Capital Budgeting and Structuring
  • Understand the consequences of changes in the capital structure
  • Know a variety of financing tools and their applicability
  • Know how to value a company
Personal Competence
  • repeat the contents of lectures, exercises and case studies in a self-organized way
  • assess their own learning progress during lectures, exercises, case studies and self-study (e.g., participation in discussions, solving exercises, presenting solutions)
  • identify their own strengths and weaknesses
  • tolerate different opinions and working styles (e.g., during classroom discussions, in online forums)
Social Competence
  • listen to the lecturer and their colleagues.
  • work together to solve the assignments of the case study, 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 and provide proper argumentation for the solution path chosen in the case study.
Methodological Competence
  • replicate the content of the case study in the field of enterprise systems
  • discuss case studies with relation to models and theories in the field of Enterprise Systems.
  • solve different assignments in the case study while using different methods.
  • compare the as-is situation and possible solutions by identifying possibilities to improve a given situation.
  • develop new strategies for a successful implementation of enterprise systems along the case study.
  • evaluate different solutions regarding their value contribution and sustainability.
Social Competence
  • Appreciate the skill to argue rationally in a scientific environment.
  • Cooperate while working out problems or while preparing themselves for the final exam.
  • Judge arguments critically, considering whether they are sound, reasonable and consistent.
  • Argue in a precise and rational way in their comments.
Methodological Competence
  • Know the central mathematical techniques for economic analysis that are often used in business applications.
  • Understand the economical content of the assumptions used to derive economical laws and describe these assumptions in words and mathematical symbols.
  • Use the concepts discussed in a correct and purposeful way and interpret the results in the context.
  • Use pocket calculators to find the results needed.
  • Apply standard learning techniques in abstract contexts so that they get used to working with scientific publications on their own.
  • Can analyze economic or business cases using mathematical models.
  • Can propose economic laws and check those laws using mathematical techniques.
  • Can critically check the contents of mathematical models while planning economical action or deriving economic laws.
  • Build up skills to argue rationally in a scientific environment.
Professional Competence
  • Know the basic algebraic rules for matrix operations and can point out the differences from the algebra of numbers.
  • Know the basic notions of financial economics.
  • Explain the basic notions of financial economics in different ways.
  • Can graphically demonstrate the solutions of linear equation systems with two unknowns.
  • Use the methods of financial economics in a correct and purposeful way to solve typical problems concerning interest, compounding, time values, annuities, investments, repayments, interest rates and returns.
  • Use matrix calculations to solve problems concerning input-output-analyses and multistep production processes.
  • Use methods to solve linear equation systems systematically.
  • Solve problems of linear optimization graphically or algebraically and interpret the results in the context.
  • Calculate and interpret marginal effects.
  • Use the Lagrange multiplier method to solve nonlinear optimization problems and use the envelope-theorem to interpret the results in the form of a sensitivity analysis.
  • Can derive the geometry of a linear equation system with more than two unknowns.
  • Can interpret the final tableau of the simplex-algorithm in the form of a sensitivity analysis and identify the changes in the solutions if one of the active restrictions changes.
Personal Competence
  • commitment and persistence
  • Focus on decision making in situations with an abundance of information
  • justify and explain the own project results
Social Competence
  • jointly work on a project
  • understand and accept different points of view on the same topic
  • evaluate fellow students performance and the own performance
  • are able to support and argument for the own attitude or position during discussions
Subscribe to