CGS Track Economic Design and Behavior

This track will be centered around the field of economic engineering, i.e. the science of designing real-world institutions and mechanisms that align individual incentives and behavior with the underlying goals. Mechanisms matter because they affect incentives, and decision makers respond to incentives. They do not always do so in a rational or selfish way, though; yet behavior often responds in a systematic way. When taking part in this track students will be prepared for a PhD about the design of mechanisms in firms and markets based on sound behavioral research.

For more details about the research topics and the involved researchers see the homepage of the research group  Design and Behavior.

Economic Engineering of Firms and Markets

is the science of designing real-world institutions and mechanisms that align individual incentives and behavior with the underlying goals.

Mechanisms matter because they affect incentives, and decision makers respond to incentives. They do not always do so in a rational or selfish way, though; yet behavior often responds in a systematic way.

The research group aims at engineering mechanisms in firms and markets based on sound behavioral research.

The course program offers an interdiscplinary approach between business administration and economics. Students can decide between the MSc program in Economics or the MSc program in Business Administration and depending on the field of interest in Business Administration have to choose between a Major in Corporate Development or a Major Supply Chain Management. All students who apply for this track within the MSc Economics will also take part in the Advanced Core courses from the doctoral track economics.

Note: Please note that that course program below is still subject to final approval by the respective boards both of the Faculty and the University.

 

Phase I: Courses

     

 

YEAR I

 

PhD-level core courses include

  • Advanced Microeconomics I & II
  • Advanced Applied Econometrics and Advanced Econometrics: Microeconometrics
  • Advanced Mathematics for Economists
  • Economic Engineering (Adv.)

When having chosen the MSc Business Administration students will also attend (depending on the choice of the Major) courses in the area Corporate Development or Supply Chain Management. When having chosen the MSc Economics students will attend courses in Advanced Macroeconomics.

 

Year II

 

Further courses  such as

  • Experimental Methods (Adv.)
  • Vertragstheorie
  • Behavioral Ethics
  • Behavioral Operations
  • Economics of Incentives in Organizations
  • Research Project in Experimental Economics

Additionally students will participate in the research seminar Economic Design & Behavior and complete their Master’s thesis.

 

 

Phase II: Dissertation

    

 

  • Option of Additional Courses (Academic Skills, etc.)
  • Research Seminars and Workshops
  • Attendance of International Conferences
  • Completion of your dissertation

 

 

Further details for the application process are found here.