Advances in Decision Making Theory and Applications (4 ECTS credits, 32 academic hours)
Dates: 28.06 - 16.07
Head, Professor: Faculty of Economic Sciences / Department of Mathematics
We make decisions every day and every hour: which summer school to choose, which pullover to buy, where to go on vacation. The course presents the core concepts of rational and efficient individual and social decisions, including political decisions.
Topics to be covered include:
- Decision making: why, when and under which circumstances?
- Aggregation models
- Applied models
- Political decision making
- Voting manipulation
- Power distribution in organizations
NEW Students who pass the course can proceed with their work with the lecturer and his colleagues on different projects. Such projects will use some models presented in the lectures with application to the data related to the students' countries. For example, one of the models discussed in the lectures is power distribution in the parliaments of countries. The project might then be an evaluation of power distribution in a specific parliament of student's country in a specific period. Another example can be an evaluation of central elements in the network of trade operations in a country. Such projects can be published afterward in some scientific journals.
Challenges to EU–Russia Economic Links (2 ECTS credits, 16 academic hours)
Dates: 12.07 - 23.07
Politics and Economics of Energy (2 ECTS credits, 16 academic hours)
Dates: 05.07 - 16.07
Behavioral Economics (3 ECTS credits, 24 academic hours)
Dates: 02.08 - 20.08
Senior Lecturer: Faculty of Economic Sciences / Department of Theoretical Economics
A frequently heard complaint from students of economic theory goes something like this: 'But it doesn't work like this in real life!' Unfortunately, it takes a long time of studying general cases to arrive at the realization that life itself is a special case of a general rule. During this course we will attempt to reconcile theory and practice: we will see how mental and emotional filters shape the choices people make individually and in groups. We will also try to understand what rational choice is, and you will conclude for yourself which rational patterns to follow (or not follow) in real life whenever you have to make a decision as a consumer or as a producer or even as a policymaker.
NEW! Corporate Finance (3 ECTS credits, 24 academic hours)
Dates: 21.06 – 09.07