Managers operating in today’s global environment must be prepared to quickly react to changing business and market conditions, competitors’ actions, and internal governance problems. This calls for a systematic analysis of strategic interaction, comprehensive decision-making processes, and flexible adaptation strategies. The M.Sc. Management and Economics (Managerial Economics) offers a unique education by combining state-of-the-art management tools with game-theoretic concepts.
The courses offered in the program deal with the strategic behavior of competing firms and focus on implementing management tools within the firms to provide an informational basis for successful business strategies. Moreover, the program gives students extensive insights in the fields of managerial economics, personnel economics, and industrial organization.
Students of this program develop a unique set of analytical and professional skills grounded in advanced methods of game theory and principal-agent-theory. Graduating from this program, you will be able to select appropriate performance measures, design efficient incentive systems, and develop strategies to build up and maintain the human capital needed in the firm.
The modularity of the program allows for a very wide range of possible combinations of content and thus prepares students for numerous occupational perspectives. Graduates of the program have excellent career prospects, both in the private sector and in governmental and international institutions. They are particularly attractive candidates for strategic management and leadership positions in international companies, consulting firms, banks, and insurance companies. Furthermore, the program can serve as a starting point for an academic career.
