A non-refundable programme fee, in addition to the tuition fee, is applicable. The programme fee, which includes the social programme, is to be paid within one week after registration at the latest, along with the tuition fee.
The course is mainly aimed at undergraduate students, preferably in humanities, social sciences, law, or economic studies, but not necessarily limited to these disciplines.
Please visit our website (www.fubis.org) for an overview of all courses offered and for possible updates to the course programme.
About this course
The modern capitalist market economy is an extremely powerful tool for generating wealth and satisfying human demands, yet it also has the capacity to exploit, alienate, and destroy the very societies it is supposed to serve. How can it be aligned with moral principles?
Actually, there are quite a number of ways: for example, through deliberate lawmaking, responsible research and development (e.g. technology assessment), enlightened consumer choices, and sustainable use of human and natural capital assets. However, these often come at a high cost and involve more fundamental questions:
- How can politicians and lawmakers regulate the market for the common good without suffocating it?
- How can big corporations and tech companies continue to deliver innovative services without monopolising the market and dominating their customers?
- What does a fair distribution of income look like?
- How do we assign value to natural and social goods (like clean air or low crime rates), and how do we measure sustainable welfare beyond traditional economic growth?
- How can consumers harness their own power to make informed choices and act in accordance with their values?
- Are digital business models based on artificial intelligence and machine learning threatening the autonomy of consumer choice?
- What does corporate social responsibility look like in times of crisis?
To answer these questions, the course equips participants with key ethical approaches to economic behaviour: virtue ethics, religious teachings, deontology, utilitarianism, master morality, and neoliberalism—approaches that have historically dominated ethical discourses on economic behaviour.
A significant learning outcome is for participants to develop ethical frameworks that enable them to recognise and address ethical dilemmas inherent in today's economy. In particular, students will learn strategies to avoid moral temptations and self-harming behaviours, allowing them to behave ethically and conscientiously in real-life situations. In short, participation will enable them to analyse, interpret, and positively influence economic behaviour—especially their own!