B E R G I S C H E U N I V E R S I T Ä T W U P P E RTA L. SchumpeterSchool. of Business and Economics BUSINESS AND ECONOMICS IN WUPPERTAL

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1 B E R G I S C H E U N I V E R S I T Ä T W U P P E RTA L SchumpeterSchool of Business and Economics BUSINESS AND ECONOMICS IN WUPPERTAL

2 2 3 SCHUMPETER SCHOOL OF BUSINESS AND ECONOMICS Dear Reader, As the dean of the Faculty of Business and Economics of the University of Wuppertal, it is my pleasure to present you with our new faculty brochure in English. It will give you an overview of our university and faculty, our study programs and our research activities. You may also find interesting facts about the City of Wuppertal, as well as details on our new faculty name Schumpeter School of Business and Economics, which was first introduced in the 2008/2009 winter semester and is fast becoming the trademark of our faculty. Hopefully here you will find all the information you need for taking Wuppertal into consideration as a place for studying business and economics. Please do not hesitate to contact us for further information: we will be happy to hear from you and also perhaps get to know you within the next few semesters at the Schumpeter School. Now, I would like to put the latest excellence rankings into focus: Very recently, in October 2009, we were selected as one of the only 51 European universities to be awarded the Seal of Excellence in Economics. This seal honours the large number of citations we have in international journals, the high level of mobility and internationality of our staff as well as other factors. It shows that our faculty offers you both excellent study and top research conditions. At the start of the 2008/2009 winter semester UW s Faculty of Business and Economics was officially named the Schumpeter School of Business and Economics, a step that reflects the emphasis on innovation in our modern faculty and gives us a clearer profile in the university landscape. When choosing a figure after whom a school, faculty or institution is to be named, there are usually two alternatives: on the one hand the person chosen may have had an historical or geographical connection with the institution in which case the name will not generally have programmatic significance. We on the other hand took the high road and chose the name of Joseph Alois Schumpeter, who was not a local resident, in order to express the programmatic focus of the faculty with clarity. Schumpeter s comprehensive preoccupation with structural change, innovative business concepts, innovation-supporting market structures, economics education and the legal support for innovations has become the hallmark of our orientation. At a time of increased social change these topics are more up-to-date than ever. The long-established Wuppertal tradition of interdisciplinarity in research and teaching is also reflected in Schumpeter s work. Our new name therefore, unambiguously indicates what economics at the University of Wuppertal stands for. Best regards Prof. Dr. Michael J. Fallgatter, Dean TABLE OF CONTENTS PAGE 3 SCHUMPETER SCHOOL PAGE 4 CITY OF WUPPERTAL PAGE 6 UNIVERSITY OF WUPPERTAL PAGE 7 FACULTY OF BUSINESS AND ECONOMICS PAGE 8 STUDY PROGRAMS AND DEGREES PAGE 14 PROFESSORS JOSEPH ALOIS SCHUMPETER: ECONOMIST, ENTREPRENEUR, POLITICIAN. born: February 8, 1883 in Triesch (Austria, today Czech Republic) H died: January 8, 1950 in Taconic (USA) Academic posts Main publications p University of Vienna p The Nature and Essence of Theoretical p University of Czernowitz Economics (1908) p University of Graz p The Theory of Economic Development (1911) p Columbia University, New York p Business Cycles (1939) p University of Bonn p Capitalism, Socialism and Democracy (1942) p Harvard University p History of Economic Analysis (1954) p Das Wesen des Geldes (1970)

3 4 5 THE CITY OF WUPPERTAL GREEN AND HILLY WUPPERTAL Wuppertal was founded in 1929 by merging the traditional industrial centers of Elberfeld and Barmen, along with some smaller municipalities, into a single city. Surrounded by wooded hills, the town expanded along the river Wupper, which gave Wuppertal its name as a composition of Wupper and Tal, meaning dale or valley. Wherever you stand in Wuppertal, one of the city s many parks or woodland areas is only a few minutes walk away; a good opportunity to go jogging, mountain biking or hiking in splendid natural surroundings. Students will find ideal living and leisure conditions in Wuppertal. If they decide to come here to start or continue their academic career, study will, of course, be the main part of their life, but getting to know a different culture, language and other people are also very important. Students will find many bars, pubs and clubs here, as well as cinemas, museums and sports and swimming centers. Our AIESEC organization and International Students Team take care of all our international and exchange students. So come and enjoy Wuppertal! WUPPERTAL AT THE CENTRE OF EUROPE Once-in-a-lifetime float across Wuppertal! Many visitors come here to take a ride on the world s best known suspension monorail. Of course, Wuppertal has much more to offer than that ride. The city s location makes it a convenient starting point for exploring the rest of Europe. Wuppertal has direct access to the German Autobahn and to the national high-speed ICE train network. In addition it is situated close to the international airports of Düsseldorf, Dortmund and Cologne (all only half an hour away) which makes Wuppertal an ideal base for a short trip to Amsterdam, Paris, Munich, or Berlin or even London, Barcelona or Prague. Wuppertal itself offers you amazing surroundings with an extensive green belt, attractive areas of town, a popular modern zoo and many other things. The famous Pina Bausch dance group, celebrated museums and the welcoming inner city shopping centers draw both the 350,000 citizens and many visitors to Wuppertal.

4 6 7 BERGISCHE UNIVERSITÄT THE UNIVERSITY OF WUPPERTAL Founded in 1972, the University of Wuppertal is still young. Its twin goals are academic excellence in its individual disciplines, plus the consistent development of the interface between these disciplines and the world of practical experience in other words, the transfer of knowledge and know-how. On its three campuses, covering more than 35 hectares, UW offers a diverse range of programs in the natural sciences, engineering, economics, and the humanities, as well as in the educational sciences, architecture and design. With its seven faculties, UW provides almost 40 different degree programs. Emphasis is placed on intensive interaction between disciplines. The interdisciplinary focus in research and teaching is a direct response to the demands placed on future young professionals. So it is possible, for instance, to study business administration at the Schumpeter School and at the same time engineering, sports or a foreign language. At present, approximately 14,000 students from more than 100 countries benefit from high level academic teaching at UW, and from the university's commitment to research and international co-operation. They are supported by about 1,200 staff members. In general, studying in Germany requires self-discipline and self-reliance, as well as soft skills such as motivation, language competence, teamwork, responsibility and initiative. German universities see their task as preparing students for leading positions in the academic world, public administration and the economy where those qualities are a must. The websites for Germany as a whole and for UW are specially designated for international students interested in studying here. FACULTY B SCHUMPETER SCHOOL OF BUSINESS AND ECONOMICS The Schumpeter School offers a modern environment for studying Business Administration/Management and Economics. The fully accredited bachelor s and master s programs are taught by a highly motivated team of professors, each of whom has an acknowledged profile in teaching and research. Many relatively young professors have joined the faculty recently, so we have an innovative generation combined with established and experienced colleagues to create a new spirit. All in all we emphasize a modern teaching approach with a sound methodological basis in classical economics and leading edge theoretical and empirical research. Many courses and research activities have an international focus and strong links with real world problems and are thus embedded in the dynamics of companies, markets and policy institutions. Some degree programs, as well as several individual courses, are held in English. In addition we are proud to offer an international Master of Science (MSc) program in Management and Economics with a core option in internationalization and economic policy which is completely held in English. In order to avoid passive old-style learning schemes we encourage all students to be actively involved in the learning and teaching process. Thus we offer a wide range of practical opportunities in many fields of specialization, as well as a strong focus on methodology and social skills. Completing a degree requires hard work, intelligent specialization, skillful organization and creative interaction with others. At UW s Schumpeter School you will have the opportunity to explore and develop your talents and experience a study program that takes full account of your own preferences. We are confident that you will then be in a position to pursue a successful national or international career based on your studies and the skills and networks developed during your years in Wuppertal. THE UNIVERSITY S SEVEN FACULTIES A Faculty of Humanities B Faculty of Business and Economics Schumpeter School of Business and Economics C Faculty of Mathematics and Natural Sciences D Faculty of Architecture, Civil Engineering, Mechanical Engineering and Safety Engineering E Faculty of Electrical, Information and Media Engineering F Faculty of Art and Design G Faculty of Educational and Social Sciences

5 8 9 STUDY PROGRAMS AND DEGREES BOLOGNA PROCESS Today s university system is strongly influenced by the Bologna process, which aims to promote a common European Higher Education Area with clear, standardized degree structures. Universities are therefore expected to create frameworks which allow for the achievement of Bologna s goals in an efficient manner. These include greater flexibility, mobility and internationalization. In line with this process, the Schumpeter School has adapted its degree programs to the consecutive bachelor/master degree model now adopted throughout Germany. The School offers, among other degrees, a Bachelor of Science (B. Sc.), a Master of Science (M. Sc.), and a PhD. BACHELOR 6 SEMESTER MASTER 4 SEMESTER DOCTORATE 3 YEARS UPWARD Students normally have to achieve 30 credits per semester, each credit being the equivalent of 30 hours work ( workload ) on the European Credit Transfer System (ECTS) scale. BACHELOR OF SCIENCE (B. SC.) The Bachelor of Science (B. SC.) in Business and Economics is a six semester program focusing on fundamental knowledge in the fields of business, economics, law and methods (mathematics, accounting etc.). The program, starting every winter semester, is divided into a foundation level (105 credit points) and an advanced level (75 credit points) and includes a bachelor s thesis. The advanced level allows students to choose from a wide range of modules and to focus on subjects of individual interest. The bachelor s thesis provides a suitable opportunity to develop one of these areas in a rigorously academic way. With a bachelor s degree students can either apply for admission to a master s program or immediately start their professional career. MASTER OF SCIENCE (M. SC.) The Master of Science (M. Sc.) is a four semester program offering six core options (see following page). It can be started either in the summer or winter semester. Each option provides a distinctive focus on a specific field of career opportunities and consists of four compulsory modules, two elective modules out of a specified range, plus one module which can be freely selected. Students have to take written or oral examinations in each module; the modules carry 9 credit points each. Additionally, students have to choose three seminars in which credit points are obtained through a written paper and an oral presentation. Finally, a master s colloquium with a written paper and presentation has to be completed, preferably in a field covered by current faculty research topics. The master s program leads students to acquire certain complementary skills: they learn how to conduct independent scientific research and complete projects on relevant topics within a team and under tight time constraints. They gain solid analytical, scientific knowledge and learn how to employ modern analytical approaches and techniques: the ability to work with both qualitative and quantitative methods is crucial. On graduating, students will possess advanced knowledge in identifying and understanding decision-making in firms, markets and economic policy. On the basis of carefully selected information gathering and analytical reflection they will be able to develop proposals and adopt positions that are analytically well founded. Successful students will be able to assess, and reflect critically upon, their own level of knowledge and skills, including methodological approaches and communication skills. Thus the basic elements of business and economics are linked with solid knowledge of modern methods of analysis in the master s degree. The following prerequisites have to be met by applicants for the master s program: a completed bachelor s degree or diploma in economics, business administration or mathematical economics or an equivalent field of study. The minimum grade required is C on the ECTS scale or 3.0 on the German scale.

6 10 11 MASTER OF SCIENCE CORE OPTIONS Finance, Taxation and Auditing This core option covers all aspects of financial economic decision making. It includes corporate financing, asset management and taxation, as well as accounting. The program covers a close study of the prevailing legal prerequisites while evaluating and further developing the theoretical fundamentals and models of economics and other related disciplines. It also deals with the process of internationalization in accounting, relevant theories, such as game theory or optimal taxation, the analysis of market and company data. Entrepreneurship, Business Development and Innovation The central theme of this core option is the establishment of a company and its development through different stages. The integration of business, economic and legal perspectives leads to a profound understanding of the structures and processes in overall business development. There is a focus on new technologies, different kinds of co-operations and the internationalization of global organizations and markets. The core option also covers issues of economic change through innovation in a national and global context. Human Resources (HR), Labour Markets and Labour Law The interrelation between HR and external labour markets is the main focus of this core option. Theories of single and total economies, as well as legal aspects, provide the background for the analysis of labour market processes. This includes a business perspective (development, evaluation and control) and an economic policy perspective. Institutional variance and its effects on labour market processes are closely examined with the help of international comparative analyses. Logistics and Supply Chain Management This core option focuses on the efficient planning and controlling of logistic networks. It includes the fields of business, economics and IT, as well as special methods. In this way logistic networks are covered from their economic premises to their impacts. Problems of supply chain management and controlling are also analyzed. Special advanced planning systems are used in tandem with modern information and communication technologies. The focus is on modern application systems, offshoring and real time controlling processes. Marketing, Service Management and Competition This core option includes the consideration of the customer and market orientation of companies and of the behavior of companies in the market. Growing competition between companies results in new kinds of marketing and services for the consumer. Central themes are brand management, brand analysis, the development of marketing strategies and controlling. This core option also emphasises empirical methods of economics resulting in judgments about real world data. Internationalization and Economic Policy The option focuses on internationalization dynamics and international economic integration with respect to globalization and its effects on firms, NGOs and national and international economic policy, as well as corporate strategies. Economic topics, as well as legal issues, will be integrated. Additionally, the combination with econometrics provides a sound basis for standard and advanced analysis. Students will acquire empirical analysis skills and analyze important institutional aspects including those of the digital knowledge economy. Students will learn how to link economic theory and empirical analysis, and apply standard and new approaches to economic policy and company strategies. They will become familiar with how international law influences economic policy. Developing theoretical models in international correlation and deducing empirical hypotheses will be important in their analysis of studies concerned with economic, corporate and political problems. Postgraduate doctoral study Students that have been awarded a Master s Degree are entitled to take up doctoral studies at German universities. Doctoral studies are classified as the postgraduate phase of study. All faculties at UW award doctorate degrees with a research doctorate usually taking three to five years to complete.

7 12 13 OTHER STUDY PROGRAMS Alongside our stand-alone bachelor s and master s programs, we also offer interdisciplinary programs in the following contexts: Industrial Engineering The Faculty of Business and Economics and the Faculty of Electrical, Information and Media Engineering offer an interdisciplinary bachelor s and master s program for students interested in the fields of engineering and economics. Scope for innovation will be analyzed from different perspectives, including production, organization, cost effectiveness, market strategy and controlling. The master s degree program offers students the possibility to focus on one of three core tracks: automotive, energy management or information technology. Industrial Engineering in Transportation Industrial Engineering in Transportation is offered both at bachelor s and master s level at UW. It is an interdisciplinary program with economics and engineering input, run jointly by the Faculty of Business and Economics and the Faculty of Architecture, Civil Engineering, Mechanical Engineering and Safety Engineering. The program includes construction and transportation engineering, urban development and the environment and relevant hands-on experience. Health Economics and Management Health is one of the leading concerns of our age: from the viewpoint of industry, politics and the health sector itself, it is not only a medical, social and demographic challenge but also a key value-added factor. The Regional Competence Center for Health Management and Public Health, an institute of UW s Schumpeter School of Business and Economics, is embedded within a regional network of clinics, health authorities and insurance organizations that focus jointly on this complex interface. New degree programs include a twin-track B. Sc. and an MBA (to be followed by an M. Sc.) in Health Economics and Management. Master s Program in European Studies This is an interdisciplinary program jointly organized by the Faculty of Humanities and the Faculty of Business and Economics. The one-year master s program includes visits to the European commission and the renowned Gustav Stresemann Institute in Bonn. Visits to the European Commission are also included; a limited number of internships at the European Institute for International Economic Relations ( is available for students in the master s program. EXPERIENCES OF FOREIGN STUDENTS Zhonghua Zhao, 25, from China, has been in Wuppertal for 2 years on a master s program After taking my bachelor s degree in China I came here to focus on entrepreneurship and management. The university s good reputation in this field made my decision quite easy to come to Wuppertal. When I started my first semester, I found it very helpful that other students and the student services organization made my beginning so easy, and I got in contact with other students. Also all the professors are easy to reach and I have no difficulties making appointments. Now I am writing my master s thesis about Entrepreneurship Controlling in China and I m thinking about staying here longer even after my exam. Lilla, 20, from the UK, has been in Wuppertal for 1 semester on a bachelor s program I chose Wuppertal because it is one of Birmingham s partner universities in the ERASMUS program. To get along in the beginning it was very helpful that I have friends who studied here as well and told me about the things to know: e.g. the university internet connection, the bank account, or going shopping. Nevertheless I had some problems at my start especially with everyday German duties. Everything really starts on time and university life is much more structured than in the UK, although there are many course options and double-offered lectures to choose from. Another point that is really interesting is that Wuppertal is quite near big cities like Dortmund and Cologne, and the living costs are OK. All in all, I am quite happy to have chosen Wuppertal as the place for my ERASMUS studies. Darya, 23, from Tajikistan, has been in Wuppertal for 1 semester on a master s program When I came here I did the 3-month university language course from the Language Center, to be well prepared for German lectures. The group was very mixed, with students from China, Central Asia, Turkey, and Russia, so I could meet the first people. Now I am even doing my master s degree together with one of the girls. I live here in a WG, a flat-sharing community, with some students from Russia, but I think I ll get one of the student accommodations within the next semester.

8 14 15 PROFESSORS The Schumpeter School of Business and Economics possesses a wide range of chairs. Based on its interdisciplinarity, our faculty comprises of the following fields: Business Administration with e.g. Service or HR Management, Marketing and Controlling; Economics with a focus on entrepreneurship, finance, policy and innovation; Methodology with statistics or operations research plus Law; Business Psychology and Business Education. To complete our research and teaching activities new chairs are being established in the fields of Technology and Health management. All in all our staff currently consists of 27 professors and 5 assistant professors together with about 80 graduate assistants and another 90 undergraduate assistants. With the new chairs we will expand these figures by 4 more professors and junior professors each, as well as their assistants. PROF. DR. CLAUS AHRENS Chair of Civil Law PROF. DR. GERHARD ARMINGER Chair of Statistics in Economics PROF. DR. JUR. WOLFGANG BAUMANN Economic Law PROF. DR. WINFRIED BAUSBACK Chair of Public Law PD DR. ANDRE BETZER Finance and Banking PROF. DR. JOHANNES GEORG BISCHOFF Controlling PROF. DR. STEFAN BOCK Chair of Business Computing and Operations Research PROF. DR. WERNER BÖNTE Chair of Industrial Economics and Innovation Processes PROF. DR. GÜNTER BORCHERT Chair of Labor Law and Social Security Law. PROF. DR. ULRICH BRAUKMANN Chair of Business Administration Education and Entrepreneurship Education PROF. DR. NILS CRASSELT Chair of Controlling PROF. DR. MICHAEL J. FALLGATTER, DEAN Chair of Human Resource Management and Organization PROF. DR. MANFRED FISCHEDICK Dynamic Development PROF. DR. HANS FRAMBACH Microeconomic Theory PROF. DR. PETER KAPPELHOFF Chair of Methods of Economic and Social Research PROF. DR. LAMBERT T. KOCH Rector of the University of Wuppertal, Chair of Entrepreneurship and Economic Development PROF. DR. NORBERT KOUBEK Chair of Business Administration, Innovation and Production PROF. DR. TOBIAS LANGNER Chair of Marketing PROF. DR. THORSTEN POSSELT Chair of Retailing and Service Management PROF. JOHN ROSSITER, PHD Permanent Visiting Research Professor for Marketing PROF. DR. RONALD SCHETTKAT Chair of Economic Policy PROF. DR. KERSTIN SCHNEIDER Chair of Public Economics and Business Taxation PROF. DR. UWE SCHNEIDEWIND Sustainable Transition Management PD DR. DIRK TEMME Methods of Economic and Social Research PROF. DR. STEFAN THIELE Chair of Auditing and Accounting PROF. DR. CHRISTINE VOLKMANN Chair of Entrepreneurship and Economic Development PROF. DR. GRIT WALTHER Chair of Production and Logistics PROF. DR. PAUL J.J. WELFENS Chair of Macroeconomics, Jean Monnet Chair for European Economic Integration PROF. DR. RAINER WIELAND Chair of Economic Psychology ASS. PROF. DR. HEIKO BREITSOHL Human Resources and Organisation ASS. PROF. DR. SEBASTIAN EICHFELDER Business Taxation ASS. PROF. JULIANE KÖBERLEIN Health Management ASS. PROF. DR. CHRISTIAN LOHMANN Controlling ASS. PROF. DR. JAREK KRAJEWSKI Economic Psychology

9 Contact University of Wuppertal Faculty of Business and Economics Schumpeter School of Business and Economics Gaußstr. 20, Wuppertal website: Dean s Office Phone: +49 (202) Fax: +49 (202) dekanat@wiwi.uni-wuppertal.de Centre for International Contacts Co-ordinator: Lydia Sarah Messingfeld Phone: +49 (202) international@wiwi.uni-wuppertal.de Secretary: Monika Haseloff Phone: +49 (202) Fax: +49 (202) haseloff@wiwi.uni-wuppertal.de Other important addresses Central Student Advisory and Counselling Service Phone: +49 (202) zsb@uni-wuppertal.de website: International Students Office Phone: +49 (202) aaa@verwaltung.uni-wuppertal.de website: Düsseldorf International Airport 43 km Wuppertal Cologne Bonn Airport 59 km Imprint PUBLISHER EDITORIAL CONCEPT AND DESIGN PICTURES Faculty of Business and Economics Schumpeter School of Business and Economics Prof. Dr. Michael J. Fallgatter, Dean; Prof. Dr. Paul J.J. Welfens, Prof. Dr. Tobias Langner; Dipl.-Ök. Fabian Kehrenberg, Dipl.-Ök. Nils von der Crone, Dipl.-Ök. Wolfgang Kuhn, Dipl.-Ök. Sarah Hellebrandt, Dipl.-Übers. Lydia Sarah Messingfeld ENGEL UND NORDEN, Wuppertal University of Wuppertal Faculty of Business and Economics Schumpeter School of Business and Economics, Pressestelle and Archiv City of Wuppertal, Medienzentrum Wuppertal, Timm Engelmeyer, Fabian Kehrenberg, Jan Bergfeld, Presseamt, Schumpeter School Alumni, WI VisLab 2006, Zora Recker PRINT Offset-Printing Figge, Wuppertal, pcs BUW 06/2010