Economic Simulation Game
Lecturer: Jochen Hundsdoerfer
The simulation game will convey in-depth economic interrelationships and supports in particular the integration of knowledge and methodology competences in the area of finance, financial accounting and taxation. A challenging, multiperiodic scenario with increasing complexity (controlled by the simulation game controller) must be managed. The participants will enhance their abilities in solving economic problems as they have to deal with model uncertainty, inadequate information and time pressure. The qualification achieved can be used in the areas of finance, accounting and taxation. The simulation will also support the communicative competence of the participants and animate them to look into open scientific research questions.
In the project, a computer supported simulation game (for example TopSim General Management II) will be carried out. The participants will form teams that are in competition for markets. Each team must make economic decisions concerning all areas of a company from manufacturing, purchasing, personnel planning, R&D to marketing and sales. Current topics such as value-oriented corporate leadership, rating, social and ecological aspects, corporate identity, share price and corporate value as well as personnel qualifications, productivity and rationalisation are also included. A comprehensive reporting system (managerial accounting with detailed cost accounting, financial accounting – alternatively according to HGB or USGAAP – , detailed market research reports) provides the information for the participants’ decisions.
Total workload: 150
Module duration: One semester (block course at the beginning of the semester)
Module frequency: Every fall semester