Masterstudium Business Informatics - Fakultät für Informatik, TU Wien

models. Students work in small groups to conduct the simulation study. They have to
give a (semi-public) presentation of the project and to document their work in a written
project report.
Learning Outcomes:
Knowledge:
Skills:
• Knowledge about how to apply economic theory, empirics, and computational simulation
techniques to investigate economic and political economic problems
• Ability to support or conduct economic studies, which analyze (socio-)economic
systems and processes using theory, empirics, and simulation
Competences:
• Ability to deepen the own knowledge
• Enhancement of personal initiative and responsibility
• Developing scientic interest, have had rst scientic project experience and scientic
team work experience
• Ability to present results of the project
Syllabus: The project task usually should be to model a macroeconomic dynamics of
signicant relevance for the European economy (e.g., European energy markets, global
nancial architecture, etc.). The project has to consist of a part showing the ability to
understand advanced economic theory, and of a part showing the expertise to transform
problems of political economy into useful simulation models.
Expected Prerequisites:
The contents of the modules BAE/INE - Information Economics and Social Simulation,
BIN/MOS - Modeling and Simulation and FMF/QOM - Quantative Operations
Managementas well as the contents of the bachelor module WIW/GOE - Grundlagen
der Ökonomie.
Teaching and Learning Methods and Adequate Assessment of Performance: The module
is organized along projects carried out in small groups to conduct a simulation study
based on economic theory, empirics, and simulation results, a (semi-public) presentation
of the project, and a written project report.
Courses of Module:
6.0/4.0 PR Advanced Economics Project
47