|Bielefeld University > University > Departments > Faculties > Faculty of Business Administration and Economics|
The fundamental objective of Economics and Business Administration studies is to explain economic interrelations and to make predictions about the effects of economic decisions. The focus is on understanding and shaping economic processes and structures. Theoretical analyses as well as empirical research are necessary to achieve these goals.
Both aspects are embraced by the teaching and research conducted within the Faculty of Business Administration and Economics. The emphasis placed on quantitative approaches in our Faculty results from the insight that mathematical methods frequently describe and convey complex and interdependent economic relationships with greater precision than verbal means. The Faculty comprises the three disciplines Business Administration, Economics, and Statistics/Econometrics. Furthermore, there is a personal association with the Institute of Mathematical Economics.
Seventeen professors are currently teaching and conducting research in the Faculty of Business Administration and Economics. Approximately 2,000 students are studying towards a Bachelor's, Master's, or Diploma degree, the latter now being phased out. Female students account for 40% of the student body, and 15% come from abroad (Source: 2007 Statistical Yearbook).