Academics Student Life

Global Economics and Management

Global Economics and Management (GEM) is one of the most popular majors on campus, and for good reason, too – it’s a comprehensive major that gives you more in-depth knowledge than an average business major but still allows you to attempt different fields to ensure you’re making the right decision.

In the past year, GEM has also been listed in the CHE university ranking in the category of business administration, and it has also been slowly getting more attention from prospective students of Jacobs University.

Some courses that GEM majors have to take include:

1. Comparing Mass Communication Systems – in this class, students conduct case studies in groups on the different mass communication systems from around the world. With Jacobs’ innate diversity, the project is far more interesting as more of the information is sourced with first-hand knowledge rather than simple facts taken from the internet.

2. Social Entrepreneurship – students learn about solving problems through design thinking with Professor Steven Ney. Not only does this class explore the terms behind entrepreneurship, it also allows students to explore their creativity and problem solve in minimalistic situations.

3. Finance – Prof. Christoph Lattemann takes students through corporate finance in group projects, lectures and practice exercises. Additionally, a trading game takes place that hones the skills of stocks and bonds in a stock market for students to practice under a realistic environment. Students get 1 million Euros to trade in a market simulation group – and the end of the semester reveals which group was able to make the most profit. This class does a great job of combining theory and practice.

… and naturally – GEM majors take part in a string of economics courses, including Macroeconomics, Microeconomics, Environmental Resource Economics, Development Economics and International Economics.

One course taken in the third year specifically – Global Leadership – has been done in partnership with Daimler AG, and winning groups for this class are occasionally offered internships. Being able to work in contact with real companies, understanding their issues is key for Jacobs students to secure a practical education in addition to the theoretical portion.

GEM has thus proven itself to have a nice mixture of courses that allows its students to practice the foundation of each component, but still remain able to examine problems with an open and creative mind.

Alumni from GEM have interned/worked at: Microsoft, Vodafone, Adidas, BMW, Landesbank, Barry Callebaut, Mercedez Benz, United Nations, BEGO, USAID, Kuehne + Nagel, Dropbox, Daimler, Nestle, Credit Suisse, Infineon, Marriott, Deutsche Bank, Commerzbank, and many more. They have also gone on to start their own successful start-ups.

The mix of GEM courses, professors and components of learning all add to the core of putting out students who become successful in graduate school or in their workplace. Have more questions about GEM? Check out http://www.jacobs-university.de/gem to see some more information on courses and handbooks!

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