What is Business Administration?
Business administration is in the meaning of the words the scientific examination of the administration of businesses. Administering is the responsible handling of lean ressources. Business administration therefore is basically an investigation of the allocation of ressources like raw materials, goods, personnel and capital in a business. Furthermore, it aims on generating findings and instruments that help the business in all its dimensions, e.g. its processes and structures, so that the relation of input and output is as optimal as possible. Administering a business also plans oin generating revenue for all persons that take part in a business, for owners, employees, contractors, and donors.
What is Economics?
While business administration is focussed on the economical activities of companies, economics covers the economical events as a whole, being derived from individual economical decisions. It is of a special interest if the coordination of activities of the market and the states is successful and where it might be useful to encourage reforms to boost the welfare of people. To discover complex real-world relationship, the discipline of economics uses theoretical models to display a simplified picture of reality. Microeconomical models show how individual decisions affect the actions on national and international markets. Macroeconomical models give explanations for overall economical phenomenon like unemployment, growth, capital movement and inflation. It is shown what parts of monetary and financial politics are at hand for finding solutions of problems and where the conflicts in those might be.
What is Statistics?
Statistics cover the quantitative methods that are mandatory for empirical research in the economical and social sciences. A special focus is set on economical application of the results, especially in marketing, in financial markets research or in empirical economical research. An additional important aspect is the IT-supported practical implementation of these methods. Research areas would be empirical capital markets research, portfolio management, risk management, the construction of statistical default models and credit portfolio models. The main goal of teaching is the procurement of knowledge of models and methods as well as familiarity in the handling of complex data structures to use statistics as a real world prognosis- and decision-making guidance.
What is Economical History?
In economical history the analysis of economical, social and political structures and contexts are viewed in focus. A major part is the history of economical doctrines, from physiocratics to keynesianism. The european and world wide economical development is the embedding in which the german economy and development is presented in five sections. Research areas are the history of economical politics, economical systems, cooperations’ histories, banking and cooperative history, as well as the history of modern sports.
What is Management Information Systems?
Management Information Systems is a young field and of an interdisciplinary state. It covers the tasks of and possibilities in using information technology in business and administration. For quite some time mostly information systems within an enterprise have been of interest, nowadays also interorganizational systems that link producers to contractors or service partners. Information systems are today the „central nervous system“ of businesses. They are used in all business processes in which data and information are involved. Furthermore, new technologies and developments open new market opportunities. Management information systems focusses on information systems in a integrated way and also in the usage of computer systems by human users. It aims on finding the potentials of new technologies as well as the analyzation, design and usage of information technology through its whole life cycle.
What is Real Estate Management?
Real estate management covers all subject- and branch-specific specialities of real estate and real estate enterprises. The department consists of five chairs and three honorary professors: Real Estate Economics, Real Estate Management, Real Estate Finance, Real Estate Development, Regional Economics and Real Estate Law. This makes IRE|BS International Real Estate Business School part of the international tops of university institutions in the field of real estate and financial management.