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Quantitative Methods Department

Our Department offers courses in quantitative methods in the Bachelor’s and Master’s degree programs of the School of Business in both German and English. These include core subjects such as “Mathematics” and “Statistics” at Bachelor’s level, as well as advanced statistics, particularly in the context of the courses “Research Methods for Business Studies” and “Quantitative Analytical Methods” at Master’s level. In the “Applied Project in Statistics”, we introduce students to empirical research already in the Bachelor’s degree programs, using relevant economic and societal research questions. In addition, the department offers specializations in elective courses as well as courses on scientific work and cryptography.

Our classes for bachelor’s degree students

The course covers fundamental techniques and methods of linear algebra, analysis, and financial mathematics. The students learn to explain and apply these. In addition, they acquire the ability to formulate and solve business problems using mathematical methods. As a result, they acquire the skills to make and justify analytically sound decisions.

 

The students learn to summarize and explain the objectives of descriptive and inferential statistics. They become familiar with the basic terms and methods of both areas of statistics and are able to explain them. In addition, they practice analyzing operational issues using standard statistical methods and interpreting the results.
Furthermore, students are soon able to critically evaluate empirical results. With statistical testing, they learn how hypotheses can be formulated in an empirically verifiable way and answered using scientific methods.

 

This module builds on the knowledge acquired in the statistics class and puts it into practice. Working in groups, students conduct their own empirical study and write a term paper presenting their approach and the results of their statistical analyses. They also learn how to use statistical software and practice working scientifically.

 

Our classes for master’s degree students

The students become familiar with the core concepts of scientific theory. They learn fundamental research methods used in the business administration and are able to independently apply them to solve practical management problems. They also acquire knowledge in the use of statistical software and in the interpretation of the corresponding outputs.

The course is offered in the degree programs M.A. in Management and M.A. in Management on-the-job.

 

The course gives an overview of and focuses on the application of intermediate mathematical and statistical methods to business cases. This enables students to design and test their own research theses. In general, the course strengthens their knowledge of analytical research and provides them with the tools needed for analytical work in the future.

The course is offered in the degree programs M.A. in International Business and Maestría Argentino Alemana M.A.