In this course we use game theory to analyse optimal strategies for firms. After discussing the main concepts of game theory we apply these concepts to business strategy. We distinguish between the internal context and the external context of the firm.

In this course you learn about regression analysis. In applied economics this is a powerful tool to analyse empirical relationships. Particular attention will be paid to the statistical assumptions underlying the basic model. We will cover the analysis of: (1) experimental data, (2) panel data and (3) time series. These tools will be essential to later evaluate the impact of environmental regulations, corporate ESG performance, and quantify the effect of climate change.

Classic economics assume agents to be rational and selfish. Behavioural economics challenge both assumptions. You will study individual choice: bounded rationality concepts in decisions under uncertainty, information processing, judgement, time preferences and heuristic decision-making. Also you will explore strategic interaction, especially social preferences and reciprocity.

In this course you will learn the basic methodology of experimental economics: how to design a simple experiment, including writing instructions. You will practice both with laboratory and field experimentation evolving around industrial organisation, labour, sustainability, economics, behavioural economics and individual and group decision-making.

This course sets the thematic foundations of the track. The three pillars of sustainability (environmental protection, social equity and economic resilience) are presented and discussed. We focus on themes such as climate protection and restoration, equitable access to resources, responsible and ethical businesses, and social cohesion. Best practices in policy and business are presented and critically analysed with case studies and real-world applications.

The purpose of this course is to gain a deeper understanding of theories that students have already been acquainted with in other courses, become familiar with new theoretical approaches, learn to apply them to social/environmental issues, and, in the process, obtain more in-depth knowledge of these specific issues. You will also learn how to empirically analyse problems in the fields of corporate sustainability (CS) and corporate social responsibility (CSR).

Formulating an impactful research question is the cornerstone of a successful thesis and can lead to exciting career opportunities. In this collaborative seminar, you will refine your ideas through interactive discussions with faculty members and peers, shaping your research direction before launching into your project.

The academic programme culminates in a thesis which allows you to design, execute and take leadership on your very first sustainability project.  It is your chance to dive deep into a sustainability goal you are passionate about through an independent research project. A professor of your track will supervise and support you in writing your thesis.