Burgenland University and the Study Center Saalfelden, both in Austria, offer the international Master for up to 25 students starting in September.

The program on the Economy for the Common Good in the broader field of plural economics is enriched by an innovative accent in Austria. The world’s first master’s course “Applied Economy for the Common Good” will start again in September 2021 at the Study Center Saalfelden in cooperation with the AIM of Burgenland University.

“Our society needs new models of economic activity, integration of economics and culture that focuses on the common good and develops scientifically reflected perspectives for the individual in a globalized world. This course is intended to contribute to this,” explains course director Dr. Wolfgang Schäffner, Managing Director of the Saalfelden Study Center. The focus is on the acquisition of competencies that enable the implementation of social responsibility and common good as corporate goals. Acquired leadership competence is to be the basis for the application of models oriented to the common good in a variety of practical situations.

Gerd Hofielen, founder of Humanistic Business Foundation, emphasizes that leadership competence also needs an ethical component: “In order to live the common good-orientation, managers need additional competency. Decisions must take into account ethical criteria as well as economic and technical ones. On a day-to-day basis, these ethical conflicts must be recognized and the opportunities for common good-oriented solutions must be seized. The degree program is ideally suited to developing these new competencies and putting them into practice.” That’s why Hofielen and his foundation help provide scholarships to participating companies and their employees.

ECG initiator Christian Felber, who is a lecturer at this master’s course, regards the Economy for the Common Good as a holistic model for the future that offers transformative alternatives at the levels of economic practice, economic policy and economic science. The master’s course “Applied Economy for the Common Good” of the Burgenland University and the Study Center Saalfelden is the first ECG study program to make a valuable contribution to the orientation of economic education to the challenges of the 21st century,” Felber is convinced.

Registration and scholarship applications are possible from now until the end of June.

The study program starts in September 2021 and is designed for a minimum duration of four semesters. Detailed information on the study program is available at studienzentrum.at/ma-gemeinwohloekonomie and aim.ac.at/programme/ma-angwandte-gemeinwohl-oekonomie.

For more information and personal guidance on the master’s program, visit www.studienzentrum.at, email to office@studienzentrum.at or call +43 6582 74916-0.