The Chair of Economics and Information Systems focuses its course offering and research activity on the role of information and decision-making in economics and business life. The research interests at the Chair span the business impact of the information economy, and of electronic platforms; the design and optimal regulation of market and non-market processes; the study of decision-making and strategic interactions.
Besides teaching and research the Chair is also actively engaged on industry projects, which typically focus on innovation at the interface of business and technology. In recent years, the Chair has supported national and international industry partners ranging from technology startups to large corporations and industry associations.
The Chair of Economics and Information Systems has been developing and integrating into its teaching offering novel digital education solutions for virtual participation in the classroom. This includes live streaming of all its courses and seminars, customized audio Q&A support and remote control, and virtual reality. Furthermore, the video recordings can integrate other course materials during exam preparation. The course offering aims to provide cross-disciplinary knowledge relevant to the complex challenges of tomorrow’s managers and entrepreneurs.
Economic theory deals with rational decisions within and outside of markets and therefore provides a uniform language and methodology in many fields of business economics, from finance to strategic organizations. The recent emergence of computerized networks created exciting new opportunities for the design and commercial exploitation of novel digital technologies and business processes.
Reflecting this new reality, research focus at the department lies at the interface of economics and information sciences, and in particular on the foundations of decision theory and game theory, information theory, and
agent-based artificial intelligence, the design of electronic markets, the estimation of consumer preferences, quantum information, social choice, and mathematical finance.
While the research focus of the Chair is theoretical, many of the results carry implications for various business fields, including market design, strategy, business intelligence, negotiation, finance, economic networks, regulation, and corporate governance.
The Observatory for Parliamentary Systems is an online platform which was created with the aim of making the functioning of parliamentary systems more transparent. We track parliamentary elections around the world, and forecast governing coalitions and power distribution based on current poll data and public campaign commitments. Our predictions rely on next-generation political analytics tools based on game theory.