Seminars Summer Semester 2024

Please note that this seminar will be conducted in English if required.

This seminar is aimed at Masters students in Economics and Business.
Professor: Prof. Dr. Bönte
Research assistants: Adrian Eckstein and Markus Thomanek
To register, please enroll in the Moodle-course.


The amount of linguistic data in the form of text, audio and video is growing rapidly. New methods for analysing and using this data are enabling companies and researchers to draw conclusions that were previously concealed. Not surprisingly, data scientists are more in demand than ever on the job market - especially those who can analyse natural language.

In this seminar we will examine and discuss the recent developments in in the field, present important research projects, and give you the tools to extract and/or analyse such data yourself. Programming skills are not required, although some Python experience is useful for automated web scraping. The course can be successfully completed without any programming.

To pass, students write and present a seminar paper. The topic of this seminar paper can range from Entrepreneurship to Innovation or Sustainability research.

Learning objectives

After attending the seminar, students will be able to assess the relevance of natural language data sources and make links to other economic factors. Students will also be able to independently carry out small projects to extract and/or analyse such language data.

Timeline (preliminary, can be adjusted in consultation):

  • 24.04.2024, 12.30 - 16.00, room M.13.05 (CIP 1, Computer room) – Introduction and Natural Language Processing in Economics and Business research
  • 08.05.2024, 12.30 - 16.00, room M.13.05 (CIP 1, Computer room) – Overview of methods and practical application of Natural Language Processing
  • 15.05.2024, 12.30 - 16.00, room M.13.05 (CIP 1, Computer room) – Practical application of Natural Language Processing
  • 13.05. - 17.05.2024 (Determination of topics in individual sessions, individual appointments)
  • 03.06. - 14.06.2024 (discussion of the current status in individual sessions, individual appointments)
  • End of June 2024 (presentation of preliminary results, group appointments)
  • End of September 2024 (submission of the seminar paper)

Crediting possible for

  • MWiWi 6.1.4 Master-Seminar Innovations- und Technologiemanagement
  • MWiWi 6.1.8 Master-Seminar Management von Handlungen
  • MWiWi 6.2.4 Master-Seminar Entrepreneurship und Wirtschaftsentwicklung
  • MWiWi 6.2.6 Master-Seminar Economics of Innovation

To participate, please enroll in this Moodle course.

Please note that this seminar will be conducted in English.
This seminar is aimed at Masters students and exclusivley in this summer semester 2024 at Bachelors students as well.
Professor: Prof. Dr. Werner Bönte
Research assistant: Andrés Felipe Zambrano Curcio (M. Sc.)
Registration is possible until 31st March 2024. Please enroll in the Moodle-course.

About the seminar:

This seminar introduces students to the emerging field of Neuroeconomics, which integrates economics with psychophysiology to examine how biological processes, such as stress, emotion, and attention influence decision-making. Aimed at students from diverse backgrounds, the course elucidates the basics of the field, focusing on emotional factors that impact decision-making behavior related to competitive environments, particularly through the lens of economic experiments with real incentives.

The seminar contents are structured to offer a comprehensive overview of significant developments in Neuroeconomics, tailored for students in fields without prior knowledge of biology or chemistry. It aims to make the complex relationship between biological responses - such as emotional arousal and attention - and economic outcomes understandable and relevant. During the semester, participants will collaborate with faculty to design and implement an economic experiment related to the impact of stress in competitive environments in the experimental economics lab, providing a practical application of theoretical knowledge.

Through this seminar, students will gain a foundational understanding of Neuroeconomics, fostering skills in analytical thinking and experimental design. This will not only enhance their academic portfolio but also provide skills.

Learning Objectives:

Upon completion of this seminar, students will be proficient in:

  1. Evaluating Contemporary Research: Students will be able to critically assess the current landscape of research concerning the biological underpinnings of decision-making processes. This includes identifying key studies, understanding the methodologies employed, and recognizing the implications of these findings for the broader field of Neuroeconomics.
  2. Analyzing the Impact of Cognition and Emotion: Students will develop a deep understanding of how cognitive processes and emotional states influence economic decision-making. They will learn to distinguish between different cognitive functions and emotional responses and analyze how these elements can affect individual and group economic choices in various contexts.
  3. Designing Relevant Research Studies: Students will be equipped to design comprehensive research proposals to explore unanswered questions within the domain of Neuroeconomics. This involves formulating hypotheses based on existing literature, selecting appropriate experimental designs, and outlining methods for investigating the interplay between biological mechanisms of behavior and their economic consequences.


The seminar starts at May 28, 2024 from 14:00 - 16:00.

Room: M.13.05 - CIP 1

Time schedule:

May 28, 2024: Introduction: Economics and Emotions (2 hours In-person)
June 04, 2024: Affective Heuristic & Optimal Stimuli Theory (2 hours online)
June 18, 2024: The Psychophysiology of Emotions: An Overview (2 hours online)
June 25, 2024: Measuring Emotions: GSR and HR (2 hours In-person)
July 9, 2024: Student Seminar: Stress and Competition (2 hours online)
July 15, 2024: Applications: GSR and HR Measurement (2 hours In-person)

The submission deadline for the final evaluation is September 30, 2024.

Lecturers: Prof. Dr. Werner Bönte and Andrés Felipe Zambrano Curcio (M. Sc.)

Crediting possible for:

MWiWi 6.2.6 Master-Seminar Economics of Innovation
In the summer semester 2024, this seminar will also be credited in the BWiWi 8.x Bachelor module.

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