Elective courses

Table of contents

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Applied Statistics

ECTS: 5 | Winter & Summer Semester

Students use the software suite SPSS Statistics or R to learn data analysis with a professional statistics application. Having worked on practical questions and suitable data sets they are able to identify the correct processes for data analysis. Students then implement these processes with the help of the software. Example data are additionally analysed independently.

Students are able to model statistical trends and select correct analytical processes. They are aware of the possibilities and limitations of the modelling approaches and analytical processes employed. Students are also able to interpret results in a factually correct manner.

Business Mathematics

ECTS: 5 | Winter & Summer Semester

  • Students understand the basic rules of matrix algebra and are able to apply processes for solving linear equation systems.
  • By completing practical tasks they have gained elementary insight into the analysis of economic functions and the application of differential calculus, independently calculated examples and interpreted the solutions in an application-orientated manner.
  • Students can furthermore model simple optimisation problems, solve linear and non-linear optimisation processes with one or more variables and apply results to relevant scenarios. Simple problems can be identified and modelled using mathematical tools.
  • Students recognise the potential and the limitations of mathematical analysis and are able to interpret analysis results in an application-orientated and plausible fashion.

Company Taxation

ECTS: 5 | Winter & Summer Semester

Having completed this course students are able to...

  • Describe the basic structure of the taxation of private persons, partnerships and companies.
  • Differentiate the core types of income tax.
  • Differentiate types of income according to German income tax law and solve simple case studies requiring the calculation of income to be taxed of private persons.
  • Solve simple case studies requiring the calculation of income to be taxed for companies.
  • Explain the sales tax system and solve simple case studies on the taxability and tax obligations of sales turnover.
  • Describe the problem of double taxation and principles for its solution in national tax law.
  • Explain the basic structure and functional principle of double taxation agreements.

Corporate Finance

ECTS: 5 | Winter & Summer Semester

Having completed the module, students are able to...

  • Describe the core concepts relevant for investment, financing and dividend payment decision-making in companies.
  • Demonstrate interdependencies between investment, financing and dividend payment decisions.
  • Independently apply the knowledge gained to reach corporate finance decisions in companies.

Cost Accounting

ECTS: 5 | Winter & Summer Semester

Having completed the module, students are able to...

  • Recognise the significance of cost accounting and differentiate it from external accounting.
  • Understand and use basic cost accounting terminology.
  • Implement essential cost accounting processes.
  • Interpret cost accounting results and apply them to decision-making situations.
  • Understand the fundamentals of budgeting and deviant analysis in companies.

Financial Accounting

ECTS: 5 | Winter & Summer Semester

Having completed this course students are able to...

  • Understand the basic structure of financial accounting and reporting.
  • Record business transactions using double-entry bookkeeping.
  • Draw up profit-loss calculations, balance sheets and cash flow overviews.
  • “Read”, interpret and analyse information contained within the annual accounts.
  • Apply the principles and rules of external accounting.

Financial Markets, Institutions and Investment

ECTS: 5 | Winter & Summer Semester

Having completed the module, students are able to...

  • Understand and explain the functioning and efficiency of financial markets.
  • Understand and explain the activities of financial institutions.
  • Apply the fundamentals of investment theory to specific case constellations.

International Marketing



  • Are able to apply basic marketing knowledge in international business contexts. They understand the interrelationships and dependencies of international marketing activities. Students practice independent analysis and interpretation of international marketing problems and can develop their own solutions for these problems.
  • Acquire the marketing management competences of analysis, structuring and implementation of international marketing decisions.
  • Can apply general marketing management processes to questions in international contexts.
  • Have the opportunity to approach specialised topics in international marketing with rigorous methodology and objectivity and overcome their complexity using analytical thinking, situation-dependent selection and systematic action.
  • Have acquired skills for and awareness of problematic situations in marketing and in-depth knowledge on the development of suitable and practical solutions.
  • Develop strategies for market entry and market cultivation for international marketing and can make independent decisions regarding the international marketing mix
  • As a team can implement theoretical planning in a simulation under competitive conditions
  • Are able to communicate the results of their work via a presentation and defend these in specialised discussions via argumentation based on appropriate and relevant content.
  • Specific competences are developed in the following areas:
  • Preparation and implementation analysis, principally market analysis;
  • Formulation and justification of operative, medium-term and long-term marketing goals in international target systems;
  • Development of decision-making and design competence for recording market developments and possible adaptation strategies.

Information Management

ECTS: 5 | Winter & Summer Semester

This module provides knowledge about the applicability of information in the business processes and skills about the integration of corresponding information systems in management activities.

In particular it deals with:

  • Understanding of information flow and its role in the business processes
  • Redesigning of the organization and management issue
  • Knowledge management in the enterprise
  • Decision support and the utilization of knowledge and information respectively
  • Application skills for the use of software tools information

Innovation Management

ECTS: 5                                                                 

Students possess a comprehensive understanding of innovation and innovation management alongside its application in global business.

They are able to analyse and evaluate innovation processes from the following fields: research and development, product design, production process implementation and market launch of new products. They are familiar with methods employed to support creativity and understand the parameters for the implementation and management of innovation projects and innovation's strategic aspects.

Having completed the course students are able to...

  • Organise, plan and coordinate innovation processes in organisations.
  • Describe the possibilities and difficulties experienced in the technological life cycle of a product.
  • Apply selected methods to promote creativity.
  • Characterise current trends in innovation management (e.g. crowd innovation, reverse innovation).
  • Plan product development projects.
  • Describe the components of selected methods, employ them in complex product development projects and apply them to solving simple problems.

International Economics

ECTS: 5                                                     

Students are able to explain the theory and politics of international economic relations. They can describe the core developments of international economic relations in the past and present. With this knowledge, students are able to comprehend the consequences of international economic relations for companies and assess current processes and debates.

International Management

ECTS: 5                                                                     

Learning Outcomes and Competences:

Students develop competence in the field of economic internationalisation and globalisation. They understand the terminology, conceptual basis and strategies of international management and apply these to concrete case studies. They understand the complexity of interdependent influences of various parameters in international organisations and possess knowledge of intercultural management approaches. They are able to critically analyse the current practice of internationally active companies.

Intercultural Management

ECTS: 5 | Winter & Summer Semester

Students understand the definition of culture and its application in global organisations. They are familiar with various cultural dimensions and standards, their creators and the limits of their use in practice. They can use important basic terminology and intercultural concepts. They are able to implement their knowledge appropriately in complex intercultural situations. Students have completed the first stages of intercultural competence development and have reflected on their progress.

They know concrete fields of application for intercultural management in organisational development, mergers and acquisitions, marketing, communication, negotiations, project management, leadership, team development and human resource development. Students are able to analyse and evaluate real-life case studies from intercultural perspectives. Current intercultural topics can be independently interpreted using knowledge gained. Students also independently apply their knowledge to a concrete and complex case study.

International Business Law 1

ECTS: 5 | Winter & Summer


  • Have gained knowledge of legal fundamentals in general civil and commercial law.
  • Are able to undertake comparative analysis of simple civil law case studies within the context of continental European law and common law and develop their own academic solutions.
  • Understand the basics of contract law, in particular agreeing contracts, the role of third parties, the dissolution of contracts and the legal consequences of contractual non-compliance.
  • Have gained an insight into the most important contact types for business.
  • Are able to differentiate between contractual transactions (Verpflichtungsgeschäft) and material transactions (Verfügungsgeschäft), and assess the consequence of this division for different legal systems.
  • Have gained an insight into the basics of property law.
  • Understand the fundamental questions of international private law, in particular international contract

International Business Law 2

ECTS: 5 | Winter & Summer

Students have won an insight into European legal contexts and...

  • Are able to assess EU institutions and their combined effects.
  • Have gained an insight into European sources of law.
  • Are able to differentiate provisions and regulations and to assess their respective functions and effects.
  • Understand the significance of fundamental freedoms for the domestic market.
  • Are familiar with the judicial position of the European Court of Justice regarding the fundamental freedoms.
  • Students understand the fundamentals of continental European national and international company law and common law and...
  • Are able to differentiate between different company forms and to assess the significance of these differences.
  • Are familiar with the basic principles of international company law and the influence of European law.
  • Are able to develop independent and academically rigorous solutions in the fields of European law and national/international company law.

Introduction to Business

ECTS: 5 | Winter & Summer

This course is only suitable for students with no advanced Business knowledge. Having completed the course students are able to...

  • Explain the most important business principles, differentiate between them and identify them within companies.
  • Understand the application of these principles in business practice and classify companies accordingly.
  • Describe central business functions (purchasing, production, logistics, marketing, sales, financial control, accounting ...).
  • Recognise, analyse and evaluate central processes for business planning, decision-making and implementation.

Introduction to Economics

ECTS: 5  |  Winter & Summer Semester

Only suitable for students with no advanced Economics courses

Students understand the role of institutions in market economies, develop an understanding of companies' holistic economic contexts and the connection between macro- and microeconomics, and are familiar with the microeconomic fundamentals of consumer choice theory, market theory and the theory of the firm.

They also understand neoclassical market models of perfectly and imperfectly competitive markets. Students grasp the particularities of various market types including markets for goods, labour and capital; they understand different forms of market failure, the significance of innovations and technical advancements and the unique aspects of various economic systems.

Having completed the module, students are able to construct arguments on the basis of core economics terminology and concepts, to correctly assess the functions and functional conditions of markets, and to utilise this knowledge to competently evaluate essential macroeconomic concepts within their economic and political contexts.

They are also able to employ a structured approach when tackling the central economic decision-making tasks of private households and companies, to recognise and correctly assess the influence of market power and strategy on market results, and to competently judge the role of the state and its practical implementation. Students can analyse and evaluate elements of their own experience from an economic perspective as well as contextualising and interpreting current economic and political issues on the basis of the knowledge learnt in the module.


ECTS: 5 | Winter & Summer Semester

Students understand the different perspectives of micro- and macroeconomics. They are familiar with aggregation methods, particularly using national accounts systems, and have mastered the logic of thinking in terms of economic cycles.

Students are also able to contextualise and analyse core macroeconomic problems including unemployment, inflation, economic growth, external imbalances and national debt.

They are well acquainted with the most important macroeconomic models and their respective methodologies and understand the relevance of macroeconomic policy and the role of core decision-makers, in particular the European Central Bank and state fiscal policy. Students are able to apply this knowledge to real problems and understand and assess alternative recommendations for action as well as comprehending professional texts in this field.

Managing Organisations

ECTS: 5                                                                            

Having completed this course students are able to...

  • Understand the core developments of organisation theory.
  • Are familiar with various approaches to designing organisational structures (especially job and department design) with their strengths and drawbacks.
  • Are able to assess different span-of-control and hierarchy structuring options.
  • Can understand and evaluate coordination mechanisms such as hierarchies and internal markets.
  • Can design general organigrams, job descriptions and process diagrams.
  • Understand the significance of process-orientated organisational design for an organisation's success and can explain the processes this involves.
  • Have knowledge of current approaches to the mobilisation of staff and coordination of change processes.
  • Understand the role of leadership and power in organisations and are able to describe effective leadership behaviour.
  • Are able to critically reflect management behaviour and discuss its economic and ethical implications.
  • Have acquired methodological knowledge required to work through case studies and present their results and recommendations.

Management Accounting

ECTS: 5 | Winter & Summer Semester

Learning outcomes and competences:

Having completed this course students are able to...

  • Employ management accounting information in decision-making.
  • Utilise management accounting information in pricing.
  • Integrate strategic concerns into management control systems.
  • Apply new developments in management control systems.
  • Independently work through and solve management accounting case studies.

Regional Studies 1

ECTS: 5 | Winter & Summer Semester

Sustainability and Socio-economic Development in Central Asia and Mongolia

  • History and recent developments in the region – post-socialist reforms, achievements, and challenges;
  • Key environmental, economic, and social indicators of the region;
  • The key role of natural resources – Natural environment as a constraint and as an opportunity;
  • Demographics, urban and regional development (migration to Russia and Kazakhstan);
  • National, regional and global environmental policies – Pitfalls of imposed top-down institutional change versus the bottom-up change observed;
  • Path-dependencies, transformations and economic development;
  • Theoretical concepts that help to understand the institutional change (Collective Action, Transaction Costs theories);
  • Case studies.

Having completed the module, students are able to...

  • characterize and explain economic decisions by the use of economic concepts
  • apply economic concepts presented and discussed in the course to socio-economic and environmental problems in the region;
  • work alone and in a team on the regional development.

Regional Studies 2

ECTS: 5 | Winter & Summer Semester

West Africa’s economic union: can adopting a single currency lead to better integration?

  • Analytical framework for integration endeavours among Less Developed Countries (LDCs)
  • Background of West African countries
  • History of economic development in West Africa
  • Key economic, financial and social indicators of West Africa
  • Institutional framework and treaties of the West African economic integration (ECOWAS)
  • Challenges facing economic integration in West Africa
  • Prospective of the new monetary union in West Africa (the "Eco")
  • Case Studies   

Having completed the module, students are able to...

  • apply models developed in the course to problems related to economic integration in West Africa
  • critically discuss policies put in place for economic integration taking into account the proposed single currency
  • work alone and in a team on problems of economic development of West African countries


ECTS: 5 | Winter & Summer Semester

Students are familiar with the basic terminology of descriptive and inductive statistics, probability calculation, bivariate data analysis and test theory. They are able to apply data analysis processes, and by completing practical tasks they have gained elementary insight into data analysis and the application of the correct analysis and modelling methods, calculating examples independently.

Students are able to model statistical trends and select the correct analytical tools. The modelling approaches and analytical processes discussed can be applied to practical examples while the limits of the models are observed. Students are also able to interpret results in a factually correct manner.

The use of suitable standard software for data analysis, such as Microsoft Excel in its current version, is aspired to.


ECTS: 5 |  Winter & Summer Semester

Students have acquired basic knowledge in the "Marketing" research discipline. They are able to analyse different marketing scenarios and use the marketing mix in practice. Students can critically analyse practical approaches to marketing and propose improvements.

Project Management

ECTS: 5                                                                                         

The module equips students to independently define small projects, to understand typical challenges in terms of goals, deadlines, budgeting and capacity planning and in doing so to support a project's implementation.

They are familiar with selected project management methods and can select these to suit specific situations. Working in (intercultural) teams is an aspect of project management with which they are particularly well acquainted. Students can recognise conflict situations and develop approaches to defusing these conflicts. They are also familiar with the basic terminology of project management, which enables them to learn how to use software-based project management systems independently. The communication of basic knowledge in the use of project management software is aspired to.

German as a Foreign Language


At the beginning of the Welcome Weeks, two weeks prior to the start of the lecture period, we will offer a language test that determines the level for the ensuing two-week German intensive course.

Based on their level in the intensive course, students will then be able to enroll for one or more German language classes during the semester, lasting between 16 and 18 weeks.

Our language department offers a wide range of courses - from General German classes, focusing on the basics of grammar and conversation, to more advanced German courses with specializations in the fields of Design, Business and Technology.

More information on the German language course offering can be found here.

General Courses (AWEs)

ECTS: 2                                        

Every Semester students are able to choose from a list of general courses in order to complement their regular curriculum courses. As the specific topics of these courses are not determined before the Welcome Weeks (March for Summer Term and September for Winter Term) it is not possible to publish a reliable list here.

Some examples of General Courses taught in English from previous semesters are:

  • International Standardization
  • Design Thinking and Human Values
  • Becoming a Global Graduate
  • International Entrepreneurship

Additionally around 70-80 varying General Courses are offered in German (B2 German recommended) every semester, such as:

  • Wissenschaftliches Schreiben und Präsentationstechniken
  • Rhetorik
  • Karrieremanagement für Frauen
  • Film Workshop / Von der Idee zum fertigen Film
  • Adobe Photoshop, Illustrator & InDesign

As the specific topics are not published yet at the time of the application, students can simply select "AWE - General Course" on their learning agreement and then apply for their specific General Course(s)  after their arrival.

Please note that some General Courses might have a limited places and therefore the acceptance is subject to the respective capacity and cannot be guaranteed.

If students cannot find a suitable course from the list after their arrival, it is of course possible to amend their learning agreement and to remove/replace one or more courses.