Ecological economics is concerned with socio-ecological systems. In other words, it analyzes the relationship of the economy to other social and natural systems from a systems perspective. Economic activity is always embedded in a larger context. Production requires resources and energy that are taken from nature and produces waste that ends up in the natural environment. In addition, the economy is influenced by values, opinions and beliefs that shape economic policies and institutions.

From the perspective of ecological economics, sustainability can only be discussed with a sys-temic view. Therefore, systems thinking is a critical skill that will be trained in this module. Students learn what system thinking means and how system dynamics can be used to analyze systems with the help of computer simulations. They receive a systematic introduction into system dynamics and the software Vensim.

Semester: WT 2025/26