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GLOBAL ECONOMICS AND MANAGEMENT

 


Bachelor of Arts - Undergraduate Program

Global Economics and Management (GEM) - The Program

A multitude of political, social and cultural forces drive economic decisions in our globalized world. To understand these forces, students need to learn about the many challenges faced by today’s firms and economies. These include resource scarcity, climate change, economic growth, financial crises, or inequalities. The program Global Economics and Management views the classical studies of business administration and economics within a global context and combines them with knowledge from political science, sociology and management. Students gain a transdisciplinary understanding of global economic challenges with an emphasis on sustainable development and responsible leadership.

The Bachelor program Global Economics and Management has received excellent ranking results in the most recent university ranking conducted by the Center for Higher Education (CHE).

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Career Perspectives

Careers in international companies and organizations in areas such as purchasing, production, sales, engineering, and consultancy and with non-governmental organizations and international aid agencies.
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Key Facts

Program Start Date 2021:

last week of August (orientation week), first week of September (classes)

Tuition:

€ 20,000 per academic year
+ € 8,000 living expenses

Scholarships:

All applicants are considered for merit-based scholarships of up to € 15,000 per year.
EU students are eligible for a minimum guaranteed scholarship of €4,000.

Application Deadlines 2021:

June 1 (global) and July 20 (for applicants who do not need a visa)

Duration:

3 years full-time
 

 

Financing Options:

Each admitted candidate will receive an individual financial package.

5 Reasons

5 reasons why you should study Global Economics and Management (GEM) at Jacobs University

  1. Best preparation for a top career in global business or economics
  2. Benefit from individual career planning and early work life access
  3. High academic rigor of the program prepares for top graduate programs at the world’s leading universities
  4. Benefit from start-up business support, international internships and study-abroad opportunities
  5. Learn and live with talented students from over 100 nations on one campus

Program

The three-year undergraduate program involves six semesters of study with a total of 180 ECTS credit points (CP). The curricular structure follows an innovative and student-centered modularization scheme - the 3C-Model - that groups the disciplinary content of the three study years according to overarching themes:

 

Study program structure

The first study year is characterized by a broad offer in disciplinary education that builds on and extends the students’ entrance qualification. GEM Students select introductory modules with a total of 45 CP from the CHOICE area of a variety of study programs, of which 30 CP will be from their intended major.

Students can still change to another major at the beginning of the second year of studies if they have taken the corresponding modules of the study program in the first year of studies.

GEM students take the following discipline-specific CHOICE Modules in their first year of study:

  • CHOICE Module: Microeconomics (7.5 CP)
  • CHOICE Module: Macroeconomics (7.5 CP)
  • CHOICE Module: Introduction to International Business (7.5 CP)
  • CHOICE Module: Introduction to Finance and Accounting (7.5 CP)

These lecture-tutorial combinations provide the students with a general overview about basic concepts and theories in economics and business. In the associated tutorials, students have the opportunity to recess the material taught in the lectures through discussions of related concepts, policy problems, or scientific studies, and through cases and exercises.

In their second year, students take modules with a total of 45 CP from in-depth, discipline-specific CORE modules. These modules aim to extend the students’ critical understanding of the key theories, principles, and methods in their major at the current state of knowledge and best practice.

GEM students take 30 CP from the following CORE modules:

  • CORE: Development Economics (7.5 CP)
  • CORE: Environmental and Resource Economics (7.5 CP)
  • CORE: Comparing Economic Systems (7.5 CP)
  • CORE: International Economics (7.5 CP)
  • CORE: Marketing (7.5 CP)
  • CORE: Organization and Human Resource Management (7.5 CP)

These modules offer a combination of seminar and tutorial. Each module builds on the contents of the first-year modules and delve into its respective topic through a mix of lecture inputs, paper discussions, and interactive group work. In the second year of studies, examinations are increasingly oriented towards essays and presentations.

15 CP in CORE modules can be selected in the second year of studies according to interest and with the aim to pursue a minor in a second field of studies.

During their third year, students prepare and make decisions for their career after graduation. To explore available choices fitting individual interests, and to gain professional experience, students take a mandatory summer internship.

The 5th semester opens also a mobility window for ample study abroad options. Finally, the 6th semester is dedicated to fostering the research experience of students by involving them in an extended Bachelor thesis project.

GEM students take 15 CP of major-specific and major-related Specialization modules to consolidate their knowledge at the current state of research in areas of their choice.

GEM students choose 15 CP of the following Specialization Modules:

  • Specialization: Advanced Econometrics (5 CP)
  • Specialization: Managing Public and Nonprofit Organizations (5 CP)
  • Specialization: Information Economics (5 CP)
  • Specialization: Lean Management (5 CP)
  • Specialization: Managerial Accounting (5 CP)
  • Specialization: Contemporary Topics in Marketing (5 CP)

As a core element of Jacobs University’s employability approach students are required to engage in a mandatory two-month internship of 15 CP that will usually be completed during the summer between the second and third year of study. This gives students the opportunity to gain first-hand practical experience in a professional environment, apply their knowledge and understanding to a professional context, reflect on the relevance of their major in employment and society, reflect on their own role in employment and society, and find professional orientation. As an alternative to the full-time internship, students interested in setting up their own company can apply for a start-up option to focus on the development of their business plan.

The Jacobs Track, an important feature of Jacobs University’s educational concept, runs parallel to the disciplinary modules across all study years and is an integral part of the study program. It reflects a university-wide commitment to an in-depth training in scientific methods, fosters an interdisciplinary approach, raises awareness of global challenges and societal responsibility, enhances employability, and equips students with extra skills desirable in the general field of study. Additionally, it integrates (German) language and culture modules.

Methods and Skills modules
Methods and skills such as mathematics, statistics, programming, data handling, presentation skills, academic writing, and scientific and experimental skills are offered to all students as part of modules within the Methods and Skills area. Students are required to take 20 CP in the Methods/Skills area.

GEM students take the following Methods modules:

  • Methods: Applied Calculus (5 CP)
  • Methods: Applied Statistics with R (5 CP)
  • Methods: Qualitative Research Methods (5 CP)
  • Methods: Econometrics (5 CP)

Big Questions modules
The modules of the Big Questions area intend to broaden the students’ horizon with applied problem solving between and beyond the disciplines. The offerings comprise problem-solving oriented modules that tackle global challenges from the perspectives of different disciplinary backgrounds and that allow, in particular, a reflection of the acquired disciplinary knowledge in economic, societal, technological, and/or ecological contexts.
GEM students select 2-4 modules (10 CP) from a broad portfolio of Big Questions modules.

Community Impact Project
In their 5th semester, students are required to take a 5 CP Community Impact Project (CIP) module. Students engage in on-campus or off-campus activities that challenge their social responsibility, i.e., they typically work on major-related projects that make a difference in the community life on campus, in its neighborhood, in Bremen, or on a cross-regional level.

Language modules
Jacobs University supports its students in acquiring and improving these skills by offering a variety of language modules at all proficiency levels. Emphasis is put on fostering German language skills of international students as they are an important prerequisite for non-native speaking students to learn about, explore, and eventually integrate into their host country and its professional environment.
All students take four language courses in the first and second year.

 

The curriculum of the study program is outlined in the schematic study plan:

CHE Ranking

The well known Center for Higher Education (CHE) certifies: GEM provides top-flight education in economics and management in Germany! In 2018, GEM is in the #1 group for the quality of courses offered, the organization of its examinations, the opportunities in the curriculum, the scientific basis of its education, the support provided by instructors, access to professional skills and in the quality of its facilities, among other great marks.
The Global Economics and Management (GEM) program was introduced at Jacobs University in 2010 with the support of many national and international companies. It has been one of the most popular study programs on Campus ever since.
In 2014, CHE ranking revealed some of the reasons for the popularity of the Global Economics and Management program: GEM students were particularly satisfied with the job market preparation and the research orientation of their program. The students highly rated the practical relevance of seminars and lectures and the emphasis placed on the critical analysis of the educational content. The program was also ranked at the top of the categories of “courses offered”, “teacher support”, “study organization” and “international orientation”. Highest marks were given for the interdisciplinary orientation of the courses and the low student-teacher ratio.

The new Global Economics and Management program, launched in 2015, has been carefully modified to meet the needs of the students and repeat this success. It offers students the option of focusing exclusively on the core disciplines of economics and management. Courses in related fields can be taken as part of many specializations or a minor.
In 2017, CHE ranking reinforced the leading position of Jacobs University in the fields of business and economics. GEM is now in the top group for graduation time and international orientation. Economic sciences at Jacobs University ranked #1 in Germany for the quality of courses offered, research orientation, teacher support, study organization and support – both in studies and in the study entry phase. Economic sciences at Jacobs University were also #5 in job-market and career orientation. Last but not least, our research activities in the fields of economics and management ranked #3.
At the end of March, Jacobs University also received top marks in the international U-Multirank. In the areas of research, knowledge transfer, degree courses and teaching, internationalization, and regional engagement, Jacobs is among the five best universities in Germany.

Students & Alumni

Jacobs taught me that my dreams were valid.

 

Isabel Gora

I think my education at Jacobs did prepare me for my career in a couple of ways.

 

Varun Dadlani

Not only are they passionate about what they are teaching but they are ready to adjust their course structure to help students learn more efficiently and succeed.

 

Jonathan Rittmayer

Research

Global Economics and Management is a program of the Business & Economics Department, Jacobs University. GEM feeds on the Department’s latest research activities to deliver state-of-the-art education to its students.

Our expertise covers a wide array of topics, such as: international business, China and BRIC countries, foreign direct investments, organization theory, network reliability, international economics, energy and sustainability, management information systems, organizational behavior, aging workforce, design thinking, or diversity management. The Department’s work appears regularly in the best academic journals worldwide.

FOCUS AREA DIVERSITY
This area includes topics such as social cohesion, state systems, and the preservation of social welfare or the effects of regulatory systems on the individual, such as their impact on human rights. Diversity is thus regarded as a driving force behind development and progress.
DEPARTMENT OF BUSINESS & ECONOMICS
Life on campus
Become part of a global community
Jacobs Students come from all over the world to live and learn at Jacobs University. Our student body represents 120 nations. They form an ambitious campus community whose internationality is unprecedented in Europe. Jacobs University’s green and tree-shaded 80-acre campus provides much more than buildings for teaching and research.
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Admission Team
 

Phone: 0421 200 4200
Email: admission [at] jacobs-university.de

 


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