[ 572ESTLESMU20 ] IK Experiments on Strategic Management Decisions

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Workload Education level Study areas Responsible person Hours per week Coordinating university
3 ECTS B2 - Bachelor's programme 2. year Economics Franz Hackl 2 hpw Johannes Kepler University Linz
Detailed information
Pre-requisites (*)KS Einführung in die Volkswirtschaftslehre KS Einführung in die Mikroökonomie
Original study plan Bachelor's programme Economics and Business 2021W
Objectives Students acquire skills to apply theoretic models to current economic decisions. Students will learn how decisions made to address real industrial economic problems converge with abstract theoretical models in which have already predicted their outcome.

The course aims to reduce congnitive dissonance of students between abstract knowledge of theoretical models and real economic decision making in companies.

Subject Solving different industrial economic problems through class room games. The economic decisions of students in those class room games will be compared to theoretical forecasts of abstract economic models. The following problems will be looked at: Cournot and Bertrand competitions, collusive behavior, decisions when having a asymmetric information, vertical integration, decisions about positioning...(industrial economic topics are not up front and vary over time)
Criteria for evaluation Students are required to participate in classroom games as well as prepare and evaluate one game themselves. Grades will be based on preparing an in-class game (50% of the grade is based on preparation, organization, development, and presentation of results as well as the final report); the other 50% of the final grade stems from active in-class participation and participation in other students' games.
Methods Lecture and in-class discussions
Students will prepare, conduct and evaluate games and experiments
Language German
Study material Course Reading: Holt, C. A.: Teaching economics with classroom experiments. Southern Economic Journal, 65(3), 603-610.

Additional reading material which can vary according to the course syllabus: Journal of Economic Education

Changing subject? No
Further information The course will consist of class room games on industrial economic topics (= designed to address and solve economic problems in an experimental setting); students will be organized in groups. Students are responsible for organizing a classroom and required to participate actively.
Corresponding lecture (*)572AECOFUMU15: IK Firmen und Märkte (3 ECTS)
Earlier variants They also cover the requirements of the curriculum (from - to)
572AECOEXPU18: IK Experiments on Strategic Management Decisions (2018W-2020S)
On-site course
Maximum number of participants 40
Assignment procedure Assignment according to priority