Modul: Markets, Innovation and Social Acceptance of Biobased Products (5000-510)

Personen:

• Prof.Dr. Michael Ahlheim (verantwortlich)

Studiengang:

• Bioeconomy (Master, PO vom 01.10.2014)
  2. Semester, Pflicht
• Bioeconomy (ab WS 16/17) (Master, PO vom 01.04.2017)
  2. Semester, Pflicht

Bezug zu anderen Modulen:

Based on the module "Economics and Management" (1st semester)

Teilnahme­vorraussetzungen:

See admission regulations for the Master Programme Bioeconomy. Basic knowledge of microeconomic theory, in particular New Institutional Economics as well as Game and Decision Theory. This knowledge is acquired from the module "Economics and Management" (1st semester). This module may be attended by other students in MSc programmes at Hohenheim in agreement with the responsible module coordinator.

Sprache:

englisch

ECTS:

6 credits

Angebotshäufigkeit:

jedes SS

Dauer des Moduls:

1 Semester

Modulprüfung:

Exam

Prüfungsdauer:

120 Minuten

Arbeitsaufwand:

160 h = 56 h presence + 104 h preparation at home + exam

Fachkompetenzen:

The module consists of two lecture courses:
"Economic Aspects of the Bio-Economy" and "Business models, strategic management, and sustainability in the bioeconomy ".

In "Economic Aspects of the Bio-Economy" students acquire knowledge on the optimal use of non-renewable resources such as crude oil and natural gas and address the need to look for alternatives in time. They become acquainted with intertemporal models of resource economics. The course also deals with the welfare economic aspects of market failure in the environmental sector of the economy and (pareto-)optimal government policies to deal with the resulting problems. Here students learn to apply nonlinear optimization techniques to the government problem of maximizing social welfare with imperfect markets. In addition students learn techniques of preference assessment in order to analyze the social acceptance of biobased products as well the implications of their production, like for example land-use change.

In "Business models, strategic management, and sustainability in the bioeconomy" students learn to differentiate various business models and conduct internal and external analysis relevant for strategic management in the bioeconomic industry. They will be able to describe the relevance of sustainability for companies and relate the topic to strategic approaches and business models.

Schlüsselkompetenzen:

Since both lecture courses will be held in small groups they will be interactive. Discussion with and among students will play an important role. In addition, in the exercise part of the lecture course students work together on exercise sheets and are encouraged to discuss their solutions in groups and present these to the whole class. This framework helps students to develop their communicative skills in scientific discourse. Although both lecture courses focus on economic topics, inter- and transdisciplinary aspects of the bio-economy (natural science, agricultural science and technical aspects) will be specifically highlighted.

Lehrveranstaltungen