Based on so-called "Classroom Games" students learn about decision making in different scenarios of strategic management. All scenarios are imbedded in a game theoretic framework in which Students have to make decisions under uncertainty. The teaching material is taught exclusively with experiments conducted by groups of students with their colleagues. Each group organizes an experiment, evaluates it and presents the results as part of a workshop. A written paper describes the economic theory, the derived theses, the experimental setup and the evaluation of the collected data. The course follows the intention to close the often observable cognitive dissonance of students who perceive real decision-making situations in real firms and the result of economic equilibrium models as different.

Students in economics and business administration, who are interested in a micro-economic foundation of management decsions in imperfect marktes. The course is designed for the modul "Industrieökonomie, Firmen und Internationale Wirtschaft" as well as "Allgemeine Volkswirtschaftslehre" in the Bachlor "Wirtschaftswissenschaften".

The course will be held blocked:

• Fr, 11.10.2024, 10:15 - 11:45 Uhr K153C (preliminary discussion I)
• Fr, 18.10.2024, 10:15 - 11:45 Uhr K269D (preliminary discussion II)
• Fr, 20.12.2024, 09:30 - 18:00 Uhr room K153C  (experiments)
• Di, 04.02.2025, 09:30 - 18:00 Uhr room K153C (presentations)

There is compulsory attendance on all appointments.

Holt, Charles A. (1999), “Teaching economics with classroom experiments”, Southern Economic Journal, 65(3), 603-610, opens an external URL in a new window

We recommend "Managerial Economics". Solid Knowledge form the course "Ökonomische Entscheidungen und Märkte" (Kernkompetenzen I aus VWL) are expected.

In the case of an examination by the committee, the examining board is composed as follows:

• Chair: Dr. Rainer Bartel
• 1. Examiner: Dr. Franz Hackl
• 2. Examiner: Dr. Rudolf Winter-Ebmer

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