Professional Competencies (Fachkompetenzen):

Psychological Knowledge (Psychologisches Fachwissen)

Students know (knowledge) the basic models and theories of economic decision-making. They are familiar with the key research findings and know the fields of application of economic decision-making.
Students can (ability) define basic terms and constructs of economic decision-making.

Transfer

Students can (ability) use their knowledge of models and theories of economic decision-making to address practical challenges in everyday life and in the workplace.

Methodological Competencies (Methodenkompetenzen):

Analysis (Analyse):

Students can (ability) describe and explain practical situations against the background of models and theories of economic decision-making.
Students demonstrate (attitude) a careful and critically reflective approach to the analysis of economic decision-making.

Self competencies (Selbstkompetenzen):

Metacognition (Metakognition)

Students know (knowledge) methods and techniques for critically reflecting on their own decision-making processes.
Students can (ability) analyze and reflect on their own decision-making processes in order to achieve the best possible result (e.g. optimal decision).
Students are open to (attitude) critically questioning their own decision-making processes and adapting them if necessary.

Decision-Making (Entscheiden)

Students know (knowledge) the basic theories and models of economic decision-making. They understand the concepts of risk and uncertainty and their significance for decision-making processes.

Psychology of Economic Decision-Making