Suchergebnis: Katalogdaten im Herbstsemester 2022
Management, Technologie und Ökonomie Master  Willkommen und Einführung ins MSc ETH MTEC Montag, 19.09.2022, 14.00 - 15.15 h, HG E 1.1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Finanzielle Führung | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nummer | Titel | Typ | ECTS | Umfang | Dozierende | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 363-0711-00L | Accounting for Managers | W+ | 3 KP | 2V | H. Chen | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | The course Accounting for Managers offers an introduction to financial accounting and management accounting. It provides managers with the necessary knowledge for decision making using accounting information. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | By attending this course, students will be able to: - record business transactions on the different types of accounts. - establish a balance sheet and an income statement. - prepare the different financial reports. - understand the principles of cost accounting. - determine the cost of production. - make decisions based on cost information. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | The first part of the course is devoted to financial accounting. It teaches the principles of double-entre accounting and deals with the recording of commercial transactions on accounts. It describes the work to be carried out at the closing in order to prepare the financial reports according to the generally accepted accounting principles. This type of accounting information is primarily intended for investors and shareholders. The second part of the course describes the principles of management accounting and explains the different costing methods. It aims to determine the manufacturing cost of production of the different products and services using full and variable costing methods. The accounting information focuses on the internal needs of managers for the purpose of budget preparation and profitability analysis. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Voraussetzungen / Besonderes | This course is a prerequisite for the course Financial Management. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 363-0561-00L | Financial Market Risks Findet dieses Semester nicht statt. | W+ | 3 KP | 2G | keine Angaben | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | I aim to introduce students to the concepts and tools of modern finance and to make them understand the limits of these tools, and the many problems met by the theory in practice. I will put this course in the context of the on-going financial crises in the US, Europe, Japan and China, which provide fantastic opportunities to make the students question the status quo and develop novel solutions. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | The course explains the key concepts and mechanisms of financial economics, their depth and then stresses how and why the theories and models fail and how this is impacting investment strategies and even a global view of citizenship, given the present developing crises in the US since 2007 and in Europe since 2010. -Development of the concepts and tools to understand these risks and master them. -Working knowledge of the main concepts and tools in finance (Portfolio theory, asset pricing, options, real options, bonds, interest rates, inflation, exchange rates) -Strong emphasis on challenging assumptions and developing a systemic understanding of financial markets and their many dimensional risks | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | 1- The Financial Crises: what is really happening? Historical perspective and what can be expected in the next decade(s). Bubbles and crashes. The illusion of he perpetual money machine. 2- Risks in financial markets -What is risk? -Measuring risks of financial assets -Introduction to three different concepts of probability -History of financial markets, diversification, market risks 3- Introduction to financial risks and its management. -Relationship between risk and return -portfolio theory: the concept of diversification and optimal allocation -How to price assets: the Capital Asset Pricing Model -How to price assets: the Arbitrage Pricing Theory, the factor models and beyond 4- Financial markets: role and efficiency -What is an efficient market? -Financial markets as valuation engines: exogeneity versus endogeneity (reflexivity) -Deviations from efficiency, puzzles and anomalies in the financial markets -Financial bubbles, crashes, systemic instabilities 5- An introduction to Options and derivatives -Calls, Puts and Shares and other derivatives -Financial alchemy with options (options are building blocs of any possible cash flow) -Determination of option value; concept of risk hedging 6-Valuation and using options -a first simple option valuation modle -the Binomial method for valuing options -the Black-scholes model and formula -practical examples and implementation -Realized prices deviate from these theories: volatility smile and real option trading -How to imperfectly hedge with real markets? 7- Real options -The value of follow-on investment opportunities -The timing option -The abandonment option -Flexible production -conceptual aspects and extensions 8- Government bonds and their valuation -Relationship between bonds and interest rates -Real and nominal rates of interest -Term structure and Yields to maturity -Explaining the term structure -Different models of the term structure 9- Managing international risks -The foreign exchange market -Relations between exchanges rates and interest rates, inflation, and other economic variables -Hedging currency risks -Currency speculation -Exchange risk and international investment decisions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Skript | Lecture slides will be available on the site of the lecture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literatur | Corporate finance Brealey / Myers / Allen Eight edition McGraw-Hill International Edition (2006) + additional paper reading provided during the lectures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Voraussetzungen / Besonderes | none | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Unternehmens- und Personalführung | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nummer | Titel | Typ | ECTS | Umfang | Dozierende | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 363-0341-00L | Introduction to Management | W+ | 3 KP | 2G | Z. Zagorac-Uremovic, D. Baschung, J. O'Neil | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | This course is an introduction to the critical management skills involved in planning, organizing, leading and controlling an organization. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | By the end of this course, students will understand management as a set of skills, processes, tools and methods that enable organizations to achieve their goals and to coordinate routine operations in order to meet evolving customers’ and societal needs. The students will achieve these goals by being able to: - Analyze organizations as open systems, and describe their critical elements, - Apply conceptual tools and methods that help to analyze or approach the critical elements, - Compare different notions of organizational performance, and explain why they matter, - Discuss the relationships that connect the critical elements of an organization on the basis of real cases, - Explain how change, internally or externally initiated, impact such relationships | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | This course is an introduction to critical management skills involved in planning, organizing, leading and controlling an organization. This course follows a 'systemic' view of organizations and adopts the congruence model as a framework to analyze the critical, interconnected elements of organizations: Input (i.e., from external environment), strategy, people, work, formal and informal structure of the organization, and its outputs. In this course we will introduce these critical elements and learn how managers can analyze and approach these elements by means of different conceptual tools and methods in order to achieve performance. We will furthermore discuss the relationships that connect the critical elements together by means of real-life cases, whereby the focus will be on the critical reflection of particular cases of fits and misfits between those elements and on the application of a selection of tools and methods. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Skript | The content of the course will rely on different readings, cases and selected chapters of following book: Dess, G., McNamara, G., Eisner, A., & Lee, SH. 2018. Strategic Management: Text and Cases. McGraw Hill. Selected readings from the book and additional learning materials will be available on the course Moodle: https://moodle-app2.let.ethz.ch/course/edit.php?id=17562 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literatur | The content of the course will rely on different readings and on selected chapters of following book: Dess, G., McNamara, G., Eisner, A., & Lee, SH. 2018. Strategic Management: Text and Cases. McGraw Hill. Selected readings from the book and additional learning materials will be available on the course Moodle: https://moodle-app2.let.ethz.ch/course/edit.php?id=17562 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Voraussetzungen / Besonderes | Throughout the course different session preparation assignments, like reading book chapters or case studies will be handed out to the students on moodle. This preparation is required to participate in the lectures. The final exam is requested for all types of students (BSc, MSc, MAs, PhD, and Exchange students). It is not possible to retake the exam within the same term or academic year. We strongly recommend Exchange students to take it into consideration when selecting the courses to attend. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kompetenzen |
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| Informationsmanagement und Operationelle Führung | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nummer | Titel | Typ | ECTS | Umfang | Dozierende | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 363-0421-00L | Management of Digital Transformation | W+ | 3 KP | 2G | E. Fleisch | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | This course provides an overview of Digital Transformation within organizations, the opportunities that come with it, but also the issues managers face transforming their organizations into the digital age. Increasingly, information technology (IT) is not only being used as a tool to improve processes but to also create and capture new customer value and to gain and maintain competitive advantage. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | This course introduces to the students the relevant subjects that form the digital transformation agenda of organizations’ top-level management. After completing the 4 core learning blocks below, students will be able understand, analyze and critically question organization’s digital transformation processes while also learning the frameworks and tools used by organizations to digitally transform. 1. Digital transformation strategies 2. Organizing the digital transformation 3. Digital transformation and technology 4. Digital transformation within industries Throughout the course, students will learn from and discuss with guest lecturers their experiences of digital transformation. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | Digital Transformation has become a top management theme in almost all forms of organizations and departments within organizations across all industries. It is part of the strategic agenda of management and supervisory boards with dedicated roles to drive forward its design and implementation. The lecture introduces many of the relevant subjects that together form the digital transformation agenda of organizations’ top-level management. It establishes the main themes, tools, and theoretical concepts. The lecture consists of 4 learning blocks, each with a focus on an area of Digital Transformation, and will feature guest lecturers from industry. The lecture is structured as follows: Block 1: Strategy • Digital Business Model Patterns • Platform Companies • Subscription Models • Lessons from Theory Toolbox Block 2: Organizational • Towards an Agile Organization Block 3: Technology • “Future-proof” Infrastructure Block 4: Industry • Digital Transformation in the Health Care Industry • Digital Transformation in the Automotive Industry The course is divided into an onsite classroom part and an online self-learning part. All teaching materials will be available through the course page on Moodle. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Skript | All lecture content is provided via the Moodle platform. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literatur | All relevant literature is provided via the Moodle platform. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kompetenzen |
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| 363-0445-00L | Production and Operations Management | W+ | 3 KP | 2G | T. Netland, H. Franke | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | This core course provides insights into the basic theories, principles, concepts, and techniques used to design, analyze, and improve the operational capabilities of an organization. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | This course provides students with a broad theoretical basis for understanding, designing, analyzing, and improving manufacturing operations. After completing this course: 1. Students can apply key concepts of POM to detail an operations strategy. 2. Students can do simple forecasting of demand and plan the needed capacity to meet it. 3. Students can conduct process mapping analysis, use it to design and improve processes and layouts, and elaborate on the limitations of the chosen method. 4. Students can choose IT, OT, and automation technology for manufacturing applications. 5. Students can design information flows, manage master data, and use it to plan and control a factory. 6. Students can design material flows in and beyond factories. 7. Students can design performance management systems. 8. Students can select and use problem-solving tools to improve quality and productivity. 9. Additional skills: Students acquire experience in teamwork. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | The course covers the most fundamental strategic and tactical concepts in production and operations management (POM). Production and Operations Management (POM) is at the heart of any business. It is concerned with the business processes that transform input into output and deliver products and services to customers. Factory management is an important part of POM, but it is much more than what takes place inside the production facilities of companies like ABB, Boeing, BMW, LEGO, Nestlé, Roche, TESLA, and Toyota. Did you know that the largest portion of assets and employees in most organizations are engaged in the operations function? Although this course focuses on manufacturing, all types of organizations depend on their operational capabilities. With the ongoing globalization and digitization of manufacturing, POM has won a deserved status for providing a competitive advantage. This course covers the following topics: Introduction to POM, Manufacturing strategy, Forecasting and capacity, Process design, Layout, Industry 4.0, Information flow, Material flow, Logistics/SCM Performance management, Performance improvement, Quality management, and Maintenance. This course is administered via Moodle. The course is designed around five elements: 1. Textbook. Baudin and Netland (2022) Introduction to Manufacturing: An Industrial Engineering and Management Perspective, 1st Ed. Routledge. 2. Video lectures. Short video lectures presenting basic POM concepts. 3. Class lectures. Deep-dives with case examples on select topics. 4. FactoryVR group assignment. FactoryVR allows students to visit factories virtually. 5. Quizzes. A few quizzes during the semester help students check their progress and prepare for the written exam. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literatur | Suggested literature is provided in the syllabus. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kompetenzen |
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| 363-0453-00L | Strategic Supply Chain Management | W+ | 3 KP | 2G | S. Wagner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | The course offers an introduction to the theory and practice of supply chain management. Students will learn how to develop supply chain strategies and supply chain networks based on firms competitive strategies and marketing priorities. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | After completing this course: 1. Students can explain the importance of supply chain management for a firm’s strategy and success 2. Students are able to apply the tools and methods used to optimize a supply chain structure 3. Students can differentiate supply chain network designs and their applicability in specific company and sector settings 4. Students can describe and evaluate fundamental logistics and supply chain concepts 5. Students are able to explain elements of a supply chain structure and their importance for supply chain strategy 6. Students are familiar with current developments and trends in supply chain practices | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | Modern supply chains are not only essential to ensure functioning logistics but also help firms develop and maintain competitive advantage in globalized (supply) markets with numerous partners and competitors. While taking into account future opportunities and risks, effective supply chains ought to be aligned with and support the achievement of the firm's corporate, business and product strategies. This course will familiarize students with modern supply chain management theory and practice to develop and manage supply chains. Starting with the corporate strategy, firms align their supply chain strategy. They have to manage trade-offs, such as efficiency and responsiveness. Understanding a supply chain’s role within a firm and the implications of supply chain strategies for firm performance are the foundations of the course. Building on the foundations, students get familiarized with the development of a supportive supply chain structure. This structure is in its core made up by logistical elements, such as facilities, inventory management and transportation. At the same time, supply chain management is inevitably cross-functional. As such, information and information infrastructure, sourcing decisions and pricing are further drivers to define a supply chain structure. Students will learn important elements in supply chain structure, including for example forecasting methods and network design modeling and optimization. Case study assignments and practical exercises within lectures allow students to gain hands-on experience and enhance their knowledge. The wide range of topics involved in supply chain management makes the field very open to innovation and further development. In the course of the lecture, students have the chance to learn and discuss both overall trends and practical insights on development. The course furthermore encourages student involvement within lectures, in exchange with peers and with guest speakers. Case study assignments and tools for self-assessment help students to learn actively and continuously throughout the course. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Skript | The course material will be made available for download on Moodle: https://moodle-app2.let.ethz.ch/course/view.php?id=17834 All organizational matters will be handled by the teaching assistant Christian Wagner (cwagner@ethz.ch). Please use the SSCM Class Forum on Moodle as a first point of contact. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literatur | The following textbook is recommended: Chopra, Sunil (2019): Supply chain management: Strategy, planning, and operation, 7th ed., New York: Pearson. The following textbook is supplementary: Hopp, Wallace J. (2008): Supply chain science, New York: McGraw-Hill/Irwin | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Voraussetzungen / Besonderes | Case study assignments make up 30% of the final grade. Details on submission and grading are provided within the course and on "Performance Assessment". The maximum grade can only be achieved if both the exam is taken and all case studies are submitted. Students should install MS Excel and the Excel Solver before class, as it is used for within-class exercises. Students without the program and add-in installed may nevertheless participate within groups during the exercises. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mikro- und Makroökonomie | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nummer | Titel | Typ | ECTS | Umfang | Dozierende | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 363-0565-00L | Principles of Macroeconomics | W+ | 3 KP | 2V | J.‑E. Sturm | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | This course examines the behaviour of macroeconomic variables, such as gross domestic product, unemployment and inflation rates. It tries to answer questions like: How can we explain fluctuations of national economic activity? What can economic policy do against unemployment and inflation? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | This lecture will introduce the fundamentals of macroeconomic theory and explain their relevance to every-day economic problems. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | This course helps you understand the world in which you live. There are many questions about the macroeconomy that might spark your curiosity. Why are living standards so meagre in many African countries? Why do some countries have high rates of inflation while others have stable prices? Why have some European countries adopted a common currency? These are just a few of the questions that this course will help you answer. Furthermore, this course will give you a better understanding of the potential and limits of economic policy. As a voter, you help choose the policies that guide the allocation of society's resources. When deciding which policies to support, you may find yourself asking various questions about economics. What are the burdens associated with alternative forms of taxation? What are the effects of free trade with other countries? How does the government budget deficit affect the economy? These and similar questions are always on the minds of policy makers. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Skript | The course webpage (to be found at https://moodle-app2.let.ethz.ch/course/view.php?id=17628) contains announcements, course information and lecture slides. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literatur | The set-up of the course will closely follow the book of N. Gregory Mankiw and Mark P. Taylor (2020), Economics, Cengage Learning, Fifth Edition. This book can also be used for the course '363-0503-00L Principles of Microeconomics' (Filippini). Besides this textbook, the slides, lecture notes and problem sets will cover the content of the lecture and the exam questions. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kompetenzen |
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| 363-0503-00L | Principles of Microeconomics GESS (Science in Perspective): This lecture is for MSc students only. BSc students register for 363-1109-00L Einführung in die Mikroökonomie. | W+ | 3 KP | 2G | M. Filippini | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | The course introduces basic principles, problems and approaches of microeconomics. This provides the students with reflective and contextual knowledge on how societies use scarce resources to produce goods and services and ensure a (fair) distribution. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | The learning objectives of the course are: (1) Students must be able to discuss basic principles, problems and approaches in microeconomics. (2) Students can analyse and explain simple economic principles in a market using supply and demand graphs. (3) Students can contrast different market structures and describe firm and consumer behaviour. (4) Students can identify market failures such as externalities related to market activities and illustrate how these affect the economy as a whole. (5) Students can also recognize behavioural failures within a market and discuss basic concepts related to behavioural economics. (6) Students can apply simple mathematical concepts on economic problems. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | The resources on our planet are finite. The discipline of microeconomics therefore deals with the question of how society can use scarce resources to produce goods and services and ensure a (fair) distribution. In particular, microeconomics deals with the behaviour of consumers and firms in different market forms. Economic considerations and discussions are not part of classical engineering and science study programme. Thus, the goal of the lecture "Principles of Microeconomics" is to teach students how economic thinking and argumentation works. The course should help the students to look at the contents of their own studies from a different perspective and to be able to critically reflect on economic problems discussed in the society. Topics covered by the course are: - Supply and demand - Consumer demand: neoclassical and behavioural perspective - Cost of production: neoclassical and behavioural perspective - Welfare economics, deadweight losses - Governmental policies - Market failures, common resources and public goods - Public sector, tax system - Market forms (competitive, monopolistic, monopolistic competitive, oligopolistic) - International trade | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Skript | Lecture notes, exercises and reference material can be downloaded from Moodle. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literatur | N. Gregory Mankiw and Mark P. Taylor (2020), "Economics", 5th edition, South-Western Cengage Learning. The book can also be used for the course 'Principles of Macroeconomics' (Sturm) For students taking only the course 'Principles of Microeconomics' there is a shorter version of the same book: N. Gregory Mankiw and Mark P. Taylor (2020), "Microeconomics", 5th edition, South-Western Cengage Learning. Complementary: R. Pindyck and D. Rubinfeld (2018), "Microeconomics", 9th edition, Pearson Education. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Voraussetzungen / Besonderes | GESS (Science in Perspective): This lecture is for MSc students only. BSc students register for 363-1109-00L Einführung in die Mikroökonomie. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kompetenzen |
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| 363-0537-00L | Resource and Environmental Economics | W+ | 3 KP | 2G | L. Bretschger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | Relationship between economy and environment, market failures, external effects and public goods, contingent valuation, internalisation of externalities, economics of non-renewable resources, economics of renewable resources, environmental cost-benefit analysis, sustainability economics, and international resource and environmental problems. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | A successful completion of the course will enable a thorough understanding of the basic questions and methods of resource and environmental economics and the ability to solve typical problems using appropriate tools consisting of concise verbal explanations, diagrams or mathematical expressions. Concrete goals are first of all the acquisition of knowledge about the main questions of resource and environmental economics and about the foundation of the theory with different normative concepts in terms of efficiency and fairness. Secondly, students should be able to deal with environmental externalities and internalisation through appropriate policies or private negotiations, including knowledge of the available policy instruments and their relative strengths and weaknesses. Thirdly, the course will allow for in-depth economic analysis of renewable and non-renewable resources, including the role of stock constraints, regeneration functions, market power, property rights and the impact of technology. A fourth objective is to successfully use the well-known tool of cost-benefit analysis for environmental policy problems, which requires knowledge of the benefits of an improved natural environment. The last two objectives of the course are the acquisition of sufficient knowledge about the economics of sustainability and the application of environmental economic theory and policy at international level, e.g. to the problem of climate change. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | The course covers all the interactions between the economy and the natural environment. It introduces and explains basic welfare concepts and market failure; external effects, public goods, and environmental policy; the measurement of externalities and contingent valuation; the economics of non-renewable resources, renewable resources, cost-benefit-analysis, sustainability concepts; international aspects of resource and environmental problems; selected examples and case studies. After a general introduction to resource and environmental economics, highlighting its importace and the main issues, the course explains the normative basis, utilitarianism, and fairness according to different principles. Pollution externalities are a deep core topic of the lecture. We explain the governmental internalisation of externalities as well as the private internalisation of externalities (Coase theorem). Furthermore, the issues of free rider problems and public goods, efficient levels of pollution, tax vs. permits, and command and control instruments add to a thorough analysis of environmental policy. Turning to resource supply, the lecture first looks at empirical data on non-renewable natural resources and then develops the optimal price development (Hotelling-rule). It deals with the effects of explorations, new technologies, and market power. When treating the renewable resources, we look at biological growth functions, optimal harvesting of renewable resources, and the overuse of open-access resources. A next topic is cost-benefit analysis with the environment, requiring measuring environmental benefits and measuring costs. In the chapter on sustainability, the course covers concepts of sustainability, conflicts with optimality, and indicators of sustainability. In a final chapter, we consider international environmental problems and in particular climate change and climate policy. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literatur | Perman, R., Ma, Y., McGilvray, J, Common, M.: "Natural Resource & Environmental Economics", 4th edition, 2011, Harlow, UK: Pearson Education | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Strategie, Märkte und Technologie | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nummer | Titel | Typ | ECTS | Umfang | Dozierende | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 363-0387-00L | Corporate Sustainability | W+ | 3 KP | 2G | V. Hoffmann, J. Meuer, A. Nunez-Jimenez | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | The lecture explores current challenges of corporate sustainability and prepares students to become champions for sustainable business practices. In the beginning, traditional lectures are complemented by e-modules that allow students to train critical thinking skills. In the 2nd half of the semester, students work in teams on sustainability challenges related to water, energy, mobility, and food. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | Students - assess the limits and the potential of corporate sustainability for sustainable development - develop critical thinking skills (argumentation, communication, evaluative judgment) that are useful in the context of corporate sustainability using an innovative writing and peer review method. - recognize and realize opportunities through team work for corporate sustainability in a business environment - present strategic recommendations in teams with different output formats (tv-style debate, consultancy pitch, technology model walk-through, campaign video) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | In the first part of the semester, Prof. Volker Hoffmann and Dr. Johannes Meuer will share his insights on corporate sustainability with you through a series of lectures. They introduce you to a series of critical thinking exercises and build a foundation for your group work. In the second part of the semester, you participate in one of four tracks in which SusTec researchers will coach your groups through a seven-step program. Our ambition is that you improve your analytic and organizational skills and that you can confidently stand up for corporate sustainability in a professional setting. You will share the final product of your work with fellow students in a final puzzle session at the end of the semester. http://www.sustec.ethz.ch/teaching/lectures/corporate-sustainability.html | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Skript | Presentation slides will be made available on moodle prior to lectures. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literatur | Literature recommendations will be distributed during the lecture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Voraussetzungen / Besonderes | TEACHING FORMAT/ ATTENDANCE: Please note that we aim to offer you the course in-class and online, but at this point we cannot guarantee that a purely online participation is possible. Irrespective of the format (in-class or online), the course includes several mandatory sessions that participants must attend to successfully earn credit points. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 363-0403-00L | Introduction to Marketing | W+ | 3 KP | 2G | S. Brüggemann | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | Students who take this course will increase their knowledge of marketing, its effect on consumer behavior and its role in creating long-term value. The course will introduce important concepts, frameworks and methods for marketing decision-making. A focus will be on managing customer relationships with the help of targeted promotions and data collected through digital technologies. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | After taking the class, students will be able to 1) Define what marketing is and describe its role at different stages of the value chain 2) Apply psychological theories to analyze behavior (e.g., purchase behavior) and identify the needs of (prospective) customers in consumer and business markets 3) Design elements of the marketing mix—e.g., develop new products and set prices—in a way that creates long-term value 4) Create an effective and efficient marketing mix that attracts and engages customers, e.g., by running targeted promotions 5) Use quantitative methods and customer data to manage relationships with customers | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | The class will center on the importance of marketing as an activity that creates long-term value for the benefit of organizations and their customers. It will teach concepts, frameworks and methods for marketing decision making. The structure of the course will roughly follow the different steps of the value chain, i.e., the set of activities necessary for offering valuable products to customers. First, it will introduce students to psychological theories that help explain behavior, e.g., purchase behavior. It will also familiarize students with different methods from marketing research, which can be used to identify the needs of customers. Next, the course will look at the role of the marketing mix in satisfying customer needs. For example, the class will cover new product development and pricing. A focus will be on managing profitable, long-term relationships with customers. To this end, students will gain in-depth knowledge on the use of targeted promotions and marketing data to (1) attract, (2) convert and engage and (3) retain customers. The course is designed to be “hands-on”, with opportunities to apply skills on business cases involving real-world marketing data. It will feature guest lectures from industry experts. The class might be taught in an in-person, remote or in a hybrid format. Students might also be taught via pre-recorded videos and assigned reading material for self-study. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literatur | Kotler, Philip and Gary Amstrong (2021). Principles of Marketing (18th Global Edition), Pearson. ISBN-13: 9781292341132. The course might comprise mandatory and supplemental reading material. Other literature may be assigned in class. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kompetenzen |
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| 363-0392-00L | Strategic Management  Number of participants limited to 80. | W+ | 3 KP | 2G | A.‑K. Weiser | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | This courses conveys concepts and methods in strategic management, with a focus on competitive strategy. Competitive strategy aims at improving and establishing position of firms within an industry. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | The lecture "Strategic Management" is designed to teach relevant competences in strategic planning and -implementation, for both professional work-life and further scientific development. The course provides an overview of the basics of “strategy” and the most prevalent concepts and methods in strategic management. The course is given as a combination of lectures about concepts/methods, and case studies where the students solve strategic issues of the case companies. In two sessions, the students will also be addressing real-time strategic issues of firms that are represented by executives. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | Contents: 26.09.2022: Guest Lecture (Dr. Berg) and Introduction 03.10.2022: Strategy concepts and Guest Lecture (Mari Lilja) 24.10.2022: Guest Lecture (Patrick Warnking) 31.10.2022: Industry dynamics I: Industry analysis + Case Studies 07.11.2022: Industry dynamics II: Analysis of technology and innovation + Cases 14.11.2022: The resource-based theory of the firm + Cases 21.11.2022: The knowledge-based theory of the firm + Cases 28.11.2022: Guest Lecture (Andy Staubli) and course summary Strategic Management offers a combination of lectures about concepts/methods, and case studies where the students solve strategic issues of the involved companies. This aims at offering students a profound theoretical understanding of important and current topics and also offer an opportunity to present these concepts in front of an audience. This course conveys concepts and methods in strategic management, with a focus on competitive strategy. Competitive strategy aims at analyzing and establishing position of firms within an industry, securing firm performance. Thus, the course focuses on a number of important topics, such as the evolution of industry, industry structure, the analysis of a firm's resources- and knowledge, and innovation. In addition, student groups will hold presentations on the four main topics of this class, to further develop concepts and enhance understanding. The presentations will cover Industry Dynamics I, Industry Dynamics II, Resource Based View of the Firm, Knowledge Based View of the Firm. For all presentations, selected Harvard Business Cases will be used as a common ground for students to start from. Students are also expected to read and understand the required readings (approx. 15 items) that cover the most important papers and articles from the past 30 years in management and strategy research. To underline the relevance of Strategic Management in firms, decision makers from companies in Switzerland will be holding guest lectures and give their take on strategy in practice and give insight on current topics in the field. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Voraussetzungen / Besonderes | Number of participants limited to 80. Registration through myStudies (first come, first served). We do not use the mystudies-Waiting List, but a separate internal system. A lot of people deregister at the start of the semester so stay in the waiting list at any point! For further questions and if you are unable to sign up through myStudies, please contact the course assistant: http://www.smi.ethz.ch/education/strategic-management.html For participants of the MAS-MTEC program we offer a complentary course Practicing Strategy in which students will apply the concepts of Strategic Management to their real-life contexts and organizations. Please register simultaneously for both courses if you want to take part in this course. For more information please see: http://www.smi.ethz.ch/education/practicing-strategy.html | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 363-0389-00L | Technology and Innovation Management | W+ | 3 KP | 2G | S. Brusoni, A. Zeijen | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | This course focuses on the analysis of innovation as a pervasive process that cuts across organizational and functional boundaries. It looks at the sources of innovation, at the tools and techniques that organizations deploy to routinely innovate, and the strategic implications of technical change. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | This course intends to enable all students to: - Acquire and understand the basic jargon necessary to discuss, in a precise and concise manner, innovation processes and their outcomes - Analyse the relationship between individual and organizational decision processes and their innovative outcomes - Discuss the relevance and importance of different decision-making criteria, and critically assess their impact on desired innovative outcomes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | This course looks at technology and innovation management as a process. Continuously, organizations are faced with a fundamental decision: they have to allocate resources between well-known tasks that reliably generate positive results; or explore new ways of doing things, new technologies, products and services. The latter is a high risk choice. Its rewards can be high, but the chances of success are small. How do firms organize to take these decisions? What kind of management skills are necessary to take them? What kind of tools and methods are deployed to sustain managerial decision-making in highly volatile environments? These are the central questions on which this course focuses, relying on a combination of lectures, case-based discussion, and guest speakers. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Skript | Slides will be available on the Moodle page | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literatur | Readings will be available on the Moodle page | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Voraussetzungen / Besonderes | The course content and methods are designed for students with some background in management and/or economics | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kompetenzen |
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| Quantitative und Qualitative Methoden zur Lösung komplexer Probleme | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nummer | Titel | Typ | ECTS | Umfang | Dozierende | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 363-0305-00L | Empirical Methods in Management | W+ | 3 KP | 2G | S. Tillmanns | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | In this class, students learn how to understand and conduct empirical research. It will enable them to manage a business based on evident-based decision-making. The class includes group assignments, where students will cover small parts of the lecture content in self-created videos. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | The general objective of the course is to enable students to understand the basic principles of empirical studies. After successfully passing the class, they will be able to formulate research questions, design empirical studies, and analyze data by using basic statistical approaches. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | Data has become an important resource in today’s business environment, which can be used to make better management decisions. However, evidence-based decision-making comes along with challenges and requires a basic understand of statistical approaches. Therefore, this class introduces problems and key concepts of empirical research, which might be qualitative or quantitative in its nature. Concerning qualitative research, students learn how to conduct and evaluate interviews. In the area of quantitative research, they learn how to apply measurement and scaling methods and conduct experiments. In addition, basic statistical analyses like a variance analysis and how to conduct it in a standard statistical software package like SPSS or R are also part of the lecture. The lessons learned from the lecture will empower students to critically assess the quality and outcomes of studies published in the media and scientific journals, which might form a basis of their managerial decision-making. We recommend the lecture also to students without basic statistical skills, who plan to attend more advanced lectures in the field of artificial intelligence such as Marketing Analytics. The lecture will be taught in presence. There will be individual assignments that students have to solve throughout the lecture. In addition to that, there will be some non-mandatory online exercises as an additional opportunity to prepare for the exam. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literatur | Literature and readings will be announced. For a basic understanding we recommend the Handbook of Good Research by Jürgen Brock and Florian von Wangenheim. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Voraussetzungen / Besonderes | The course includes out-of-class assignments and projects to give students some hands-on experience in conducting empirical research in management. Projects will focus on one particular aspect of empirical research, like the formulation of a research question or the design of a study. Students will form groups and create a learning video regarding one specific topic. Assignments will be graded and need to be turned-in on time as they will be shown and discussed in class. Students will also have to evaluate the videos of other student groups. Online class participation is encouraged and can greatly improve students' learning. In this spirit, students are expected to attend class regularly and come to class prepared. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 363-1004-00L | Operations Research | W+ | 3 KP | 2G | S. Bütikofer van Oordt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | This course provides an introduction to operations research methods in the fields of management science and economics. Requisite mathematical concepts are introduced with a practical, problem-solving perspective. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | - Introduction to building and using quantitative models in a business / industrial environment - Introduction to basic optimization techniques (Linear Programming and extensions, network flows, integer programming, dynamic and stochastic optimization) - Understanding the integration of quantitative models into the managerial decision process | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | The economic environment of today's companies is characterized by high cost pressure, declining margins, intensified international competition, rising customer requirements and increasingly strict regulations. Strategic and operational decisions at all management levels are becoming more and more complex due to the increasing amount of data, interrelationships, conditions and target criteria to be considered. Often it is no longer possible to solve operational tasks with experience and common sense alone and to adequately estimate the consequences of decisions without software support. Quantitative models and methods of operations research and operations management offer decision support for complex problems. Mathematical optimization models are used to precisely formulate operational decision problems so that they can subsequently be analysed and optimized using suitable solution methods. A large number of quantitative real-world problems can be formulated and solved in this general framework. Applications of operations research comprise, for instance, decision problems in production planning, supply chain management, transportation networks, machine and workforce scheduling, blending of components, telecommunication network design, airline fleet assignment and revenue management. This course offers an introduction to operations research, emphasizing basic methodologies and underlying mathematical structures. The following topics are covered in detail: - Introduction to system modelling and operations research - Linear models and the importance of linear programming - Duality theory in linear programming and shadow prices - Integer programming - Dynamic optimization (under uncertainty) and applications in inventory management. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Skript | A printed script will be made available. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literatur | Any standard textbook in Operations Research is a useful complement to the course. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Voraussetzungen / Besonderes | Undergraduate calculus, linear algebra, probability and statistics are a prerequisite. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 363-0541-00L | Systems Dynamics and Complexity | W+ | 3 KP | 3G | F. Schweitzer | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | Finding solutions: what is complexity, problem solving cycle. Implementing solutions: project management, critical path method, quality control feedback loop. Controlling solutions: Vensim software, feedback cycles, control parameters, instabilities, chaos, oscillations and cycles, supply and demand, production functions, investment and consumption | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | A successful participant of the course is able to: - understand why most real problems are not simple, but require solution methods that go beyond algorithmic and mathematical approaches - apply the problem solving cycle as a systematic approach to identify problems and their solutions - calculate project schedules according to the critical path method - setup and run systems dynamics models by means of the Vensim software - identify feedback cycles and reasons for unintended systems behavior - analyse the stability of nonlinear dynamical systems and apply this to macroeconomic dynamics | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | Why are problems not simple? Why do some systems behave in an unintended way? How can we model and control their dynamics? The course provides answers to these questions by using a broad range of methods encompassing systems oriented management, classical systems dynamics, nonlinear dynamics and macroeconomic modeling. The course is structured along three main tasks: 1. Finding solutions 2. Implementing solutions 3. Controlling solutions PART 1 introduces complexity as a system immanent property that cannot be simplified. It introduces the problem solving cycle, used in systems oriented management, as an approach to structure problems and to find solutions. PART 2 discusses selected problems of project management when implementing solutions. Methods for identifying the critical path of subtasks in a project and for calculating the allocation of resources are provided. The role of quality control as an additional feedback loop and the consequences of small changes are discussed. PART 3, by far the largest part of the course, provides more insight into the dynamics of existing systems. Examples come from biology (population dynamics), management (inventory modeling, technology adoption, production systems) and economics (supply and demand, investment and consumption). For systems dynamics models, the software program VENSIM is used to evaluate the dynamics. For economic models analytical approaches, also used in nonlinear dynamics and control theory, are applied. These together provide a systematic understanding of the role of feedback loops and instabilities in the dynamics of systems. Emphasis is on oscillating phenomena, such as business cycles and other life cycles. Weekly self-study tasks are used to apply the concepts introduced in the lectures and to come to grips with the software program VENSIM. Another objective of the self-study tasks is to practice efficient communication of such concepts. These are provided as home work and two of these will be graded (see "Prerequisites"). | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Skript | The lecture slides are provided as handouts - including notes and literature sources - to registered students only. All material is to be found on the Moodle platform. More details during the first lecture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Economic Dynamics | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Nummer | Titel | Typ | ECTS | Umfang | Dozierende | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 363-1137-00L | Applied Econometrics in Environmental and Energy Economics Number of participants limited to 40. It is highly recommended to take 363-0570-00L Principles of Econometrics first. | W | 3 KP | 2V | D. Cerruti, S. Srinivasan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | The course introduces to the most common empirical methods for the analysis of issues in environmental, energy, and resource economics. The course includes computer laboratory sessions, and covers the following broad topics: demand models, discrete choice models, empirical methods in policy evaluation, field- and quasi-experiments. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | At the end of the course, the students will be able to: understand the most common empirical methodologies used in environmental, energy, and resource economics; understand the problems the methodologies learnt in class aim to address; appreciate the importance of causal inference in empirical economics; read and understand the research papers in the literature; apply the empirical methods learnt in class using the software R. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | The course introduces students to empirical statistical methods that have wide application in environmental, energy, and resource economics and it is divided in four blocks. The first block is a quick review of the basic econometric methodology and concepts (OLS, standard errors, logit/probit models); the second block introduces demand models like the Almost Ideal Demand System, discrete choice models, and their evolutions; the third block explores causal inference in empirical economics and the main reduced-form econometric techniques used in policy evaluation, such as difference-in-differences, regression discontinuity and synthetic control; the fourth block introduces field experiments and instrumental variables, and their characteristics. At the end of each block there will be a computer laboratory class in which the student will learn to apply the methodologies learnt in class using the statistical open-source software R. Throughout the course, students will have the chance to work on actual data used for analysis in economics papers. The lectures will make use of current research papers in the literature to illustrate practical examples in which the methodologies learnt in class have been used. Students will be expected to read in advance the paper that will be explained during the lecture. The evaluation policy has the aim to allow students to get practical experience on the econometric methodologies learnt in class. Thus, beyond a final open-book computer exercise exam {60% of the grade), the course includes short takehome computer exercises {40% of the grade). As the course will be centered on econometric methods, it is recommended that students have taken 363-0570-00L Principles of Econometrics first, or have otherwise a solid knowledge of basic econometric methodologies as detailed in Part 1 of Wooldridge, Jeffrey M. (2018) lntroductory Econometrics : A Modern Approach. Seventh ed. ISBN: 978-1-337-55886-0. Knowledge of statistical software R is helpful, but not required and will be taught in the computer laboratory sessions. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Voraussetzungen / Besonderes | It is highly recommended to take 363-0570-00L Principles of Econometrics first. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 363-1136-00L | Dynamic Macroeconomics, Innovation and Growth Students who have successfully completed the course "Dynamic Macroeconomics" (364-0559-00L) or "Economics of Innovation and Growth" (363-0562-01L) can not register for this course. | W | 3 KP | 2V | S. Zelzner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | Introducing dynamic models and workhorses in macroeconomics, understanding the role of innovation and institutions for economic development and discussing policies to foster innovation and economic growth, with a perspective on how digitization and artificial intelligence will affect our economies. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | After the course, students will be familiar with dynamic general equilibrium theory and the basic workhorses in macroeconomics. Participants will be able to speak the Arrow-Debreu and recursive language and apply the frameworks to interesting issues, such as innovation and growth. Moreover, students will understand how the world has developed over the last centuries and the proximate and fundamental causes of innovation and economic growth. Students will understand and apply the basic models of economic growth and will be able to identify policies to foster innovation and growth and to reduce the large wealth differences in the world. Finally, they understand how digitization and artificial intelligence will drive the economies. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | 1. Introduction 2. The Arrow-Debreu Approach and Sequential Markets 3. The Neoclassical Growth Model and the Representative Agent Model (with Mathematical Background) 4. Technological Progress and how the World has developed 5. Innovations and Growth (New Growth Theory) 6. Growth Policies and Fundamental Causes for Growth 7. Digitization and Artificial Intelligence | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literatur | 1. Acemoglu, D. (2009): Introduction to Modern Economic Growth. Princeton University Press, Cambridge MA. 2. Stokey, N. and Lucas, R. (1989): Recursive Methods in Economic Dynamics. Harvard University Press, Cambridge, Massachusetts, United States and London, England. 3. Ljungqvist, L. and Sargent, T. (2004): Recursive Macroeconomic Theory, MIT Press, Cambridge, Massachusetts, United States and London, England. 4. Barro, R.J. and X. Sala-i-Martin (2004): Economic Growth. MIT Press. 5. Aghion P. and P. Howitt (1998): Endogenous Growth Theory. MIT Press. 6. Aghion P. and S. Durlauf (eds. 2005): Handbook of Economic Growth. Elsevier, chapter 6. 7. Romer, D. (2001): Advanced Macroeconomics. McGraw-Hill. 8. Bretschger, L. (1999): Growth Theory and Sustainable Development. Edward Elgar. 9. Romer, P. (1990): Endogenous Technological Change, Journal of Political Economy, Vol. 98(5). 10. Aghion, P. and P. Howitt (1992):A Model of Endogenous Growth through Creative Destruction. Econometrica, Vol. 60(2). 11. Lucas, R. (1988): On the Mechanics of Economic Development, Journal of Monetary Economics, Vol. 22. 12. Rebelo, S. (1991): Long-Run Policy Analysis and Long-Run Growth. Journal of Political Economy, Vol. 99(3). 13. Piketty, T. (2014): Capital in the Tewnty-First Century. Harvard University Press, Cambridge, MA. 14. Current Literature on Digitization and Artificial Intelligence | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Voraussetzungen / Besonderes | Students who have successfully completed the course "Dynamic Macroeconomics" (364-0559-00L) or "Economics of Innovation and Growth" (363-0562-01L) can not register for this course. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 363-1037-00L | Fiscal Competition and Multinational Firms | W | 3 KP | 2V | M. Köthenbürger, M. Stimmelmayr | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | The course enables students to understand how multinational firms respond to differential tax regimes in a global economy and how countries strategically use the tax system to host multinationals. In particular, the course covers transfer pricing issues, internal financing decisions and agency problems and their relation to tax policy. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | - Understanding how taxes influence decisions of multinational firms - Develop thinking about the strategic use of differential tax systems for multinational firms - Evaluate options for governments to respond to the tax planning behavior of multinational firms - Using theoretical models and empirical analysis to uncover regularities in how multinational firms respond to taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | Multinational firms have grown in importance in recent decades. Given that their affiliates are located in different countries, they face various tax systems. This creates complexity with respect to the operation of a multinational firm, but also offers the option to benefit from differences across various tax provisions. Starting from this observation, the course looks at how multinational firms respond to the differences in tax provisions and how governments will respond to this behavior in its choice of tax systems. Different channels how multinational firms allocate taxable profits across countries will be analyzed: transfer pricing policies, internal financing decisions and investments. A particular emphasis will be put on how agency problems within multinational firms interact with tax avoidance behavior and how they are related to tax policy. The course has two parts: The first part of the lecture contains a detailed treatment of the different channels multinational firms can use to strategically allocate profits to low-tax countries and how the tax avoidance decision might interfere with other decisions of the multinational firm. Building on this insight, we will discuss whether governments might strategically choose to adjust its tax provisions either to benefit from the multinational firm tax-saving behavior or to protect its tax base against the tax-planning behavior. In the second part of the course, we will discuss different papers that empirically analyze the validity of the different channels we have discussed in the first part. Students select one paper out of a list of papers (to be distributed in the course) and give a short presentation of the paper (max. 30 minutes). Afterwards, we will enter a discussion of the presented paper and clarify unaddressed issues. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 363-0585-00L | Intermediate Econometrics | W | 3 KP | 2V | G. Masllorens Fuentes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kurzbeschreibung | The aim of the course is to discuss different econometric models and their empirical applications. We will cover cross-sectional linear and non-linear regression models, models for estimating treatment effects, and linear panel data models. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lernziel | By the end of the course, students should understand the different existing approaches, their applicability, and their advantages and disadvantages. They should be able to read and understand regression output tables. Additionally, students will be able to apply the estimation approaches in practice using STATA. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inhalt | The lectures will consist of both theoretical and practical components. In the theoretical part, we will discuss each estimation approach in detail. The lecture will present the assumptions, derivations, as well as the advantages and disadvantages of the estimation approach. In the empirical part, we will look at simulation results using artificial data. Furthermore, we will investigate a particular research question using STATA. The course will tentatively cover the following subjects: - review of ordinary least squares (OLS) estimation - instrumental variable estimation and two-stage least squares estimation - seemingly unrelated regression models - simultaneous equation models - maximum likelihood estimation - binary response models - count data models - censored and truncated regression models - sample selection models - treatment effect models - static linear panel data models (random effects and fixed effects estimation) For the theoretical portions of the lectures, we will prepare slides for in-class discussion. Slides will be distributed electronically before each lecture. For the applied portion of the lectures, we will provide STATA do files, log files, and data sets. Problem sets will also be made available after every lecture. These problem sets will not be collected or graded, but students can use them in order to prepare for the final exam. Solutions will be made available in the following lecture. While there is no required textbook for the course, we draw from the following texts, which are also recommend for the preparation of the exam: - Wooldridge, J.M. (2015). Introductory Econometrics. - Wooldridge, J.M. (2010). Econometrics of Cross Section and Panel Data. - Cameron, A.C. and P. Trivedi (2005). Microeconometrics. Methods and Applications. - Cameron, A.C. and P. Trivedi (2009). Microeconometrics Using Stata. - Angrist, J.D. and Pischke, J.-S. (2009). Mostly Harmless Econometrics. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literatur | Jeffrey M. Wooldridge: Introductory Econometrics; Jeffrey M. Wooldridge: Econometric Analysis of Cross Section and Panel Data; A. Colin Cameron and Pravin K. Trivedi. Microeconometrics: Methods and Applications. Joshua A. Angrist and Jörn-Steffen Pischke: Mostly Harmless Econometrics. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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