Bachelor

 

The following list is only to be understood as a current planning status! A binding event overview can be found in RWTHonline.

Course

SS2020

WS 2020/21

Decision Theory

x

Financial Services

x

Seminar

x

Personal Career Decisions with the Entscheidungsnavi

x

Contact

Phone

work
+49 241 80 96996

Email

E-Mail
 

Decision Theory

The course Decision Theory deals with the decision-making behaviour of people. The students learn how people decide and how they should decide. Methods and tools, especially the self-developed Entscheidungsnavi, are introduced to prescriptive decision theory, which can be used to help decision makers make rational decisions. An important focus is on the mediation of a number of decision errors that can arise through intuitive processes. During the last years, a bonus task was offered within the event, which led to a grade bonus of 0.3 or 0.4 in the examination if the participant participated successfully.

 

Contact

Phone

work
+49 241 80 96382

Email

E-Mail
 

Financial Services

The event will give an introduction to the financial services industry. On the one hand, the benefits of financial intermediaries in an economy will be outlined from a theoretical perspective. The financial crisis and its impact on regulation will be highlighted, as well as the development of monetary systems and the role of central banks and money creation itself will be explained. On the other hand, the range of services offered by banks and insurance companies as a whole is presented from a more practical perspective. Some services will be discussed in more detail, for example investment advice and asset management. Within this framework, students are given an overview of the various forms of investment and the market for investments is analysed.

After successfully completing and passing the written examination at the end of the semester, the students are to

  1. have a basic understanding of the financial sector,
  2. understand the interdependencies in the management of a bank and in asset management,
  3. be able to evaluate success strategies in business models of the financial sector.
 

Contact

Phone

work
+49 241 80 96995

Email

E-Mail
 

Seminar

In this course students learn how to write a scientific paper. At the beginning of the seminar there is a block event in which the students are familiarized with the theoretical basics of scientific writing, literature research, scientific citation and the time planning of a scientific project.


Subsequently, students will be assigned topics to which they can apply the basics in practice. At the end of the seminar, the students will have written a term paper of approx. 15 pages. The homework is prepared step by step and in consultation with the supervisors. The results of the seminar paper are presented by the students in a (graded) final presentation.


After completion of the seminar, the students are able to write a scientific paper and present it to a specialist audience.The topic of the compulsory seminar changes with each new seminar and is oriented to current research. The current topic is:

„Reflective Decision Making and Nudging“

Nudging is a method of decision theory that aims to influence the behavior of decision makers without having to resort to prohibitions or commandments. In the nudging concept it is assumed that the decision maker often does not behave rationally and that nudges help the decision maker to make rational decisions more easily.

The nudging concept assumes that decision makers must be encouraged to make the right decision. The reflected decision making follows a different approach. With reflected decision making, the decision maker is enabled to recognize which decision is the best one. This is achieved by the decision maker systematically reflecting himself and his decisions, thus avoiding typical stumbling blocks in decision making.

In this seminar you will elaborate and critically reflect on the two approaches of decision theory. In addition, you will develop approaches on how both approaches can be combined in a meaningful way. For this purpose, eight different topics will be provided.

 

Contact

Phone

work
+49 241 80 96996

Email

E-Mail
 

Personal Career Decisions with the Entscheidungsnavi

In the seminar "Personal career decisions with the Entscheidungsnavi" you will structure and analyze your own decision situation with the help of the decision support system Entscheidungsnavi with regard to your career. You will learn the basic concepts of descriptive and prescriptive decision theory and will be able to apply them in other decision situations. The goal of the seminar is to improve your decision-making competence and to proactively take advantage of future decision-making opportunities.

  • The course is aimed at business administration students in their bachelor's degree.
  • The number of participants is limited to 12.
  • The language of instruction is German.
  • No previous knowledge is required.
  • Registration period in RWTH-online: 01.10.2020 - 21.10.2020


For all information please refer to the handout at the end of this page.