Fachbereich 07 Wirtschaftswissenschaft. Lehrstuhl für ABWL, insbes. Finanzwirtschaft. Advanced Finance. Overview

Größe: px
Ab Seite anzeigen:

Download "Fachbereich 07 Wirtschaftswissenschaft. Lehrstuhl für ABWL, insbes. Finanzwirtschaft. Advanced Finance. Overview"

Transkript

1 Advanced Finance Prof. Dr. Thorsten Poddig Lehrstuhl für Allgemeine Betriebswirtschaftslehre, insbes. Finanzwirtschaft Universität Bremen Hochschulring 4 / WiWi-Gebäude Bremen 1

2 Topic General Topic: Valuation and Empirical Capital Markets Research More specific: Efficient Capital Markets and Anomalies Questions: What is efficient? What are anomalies? What is valuation? Are anomalies relevant for valuation? 2

3 Efficient Markets Hypothesis (EMH) EMH: Asset prices always fully reflect available information! Information efficiency is a prerequisite for allocation efficiency! Allocation efficiency maximizes utility! If capital markets are not (information) efficient, optimal capital allocation is not possible! How can we judge about efficiency? 3

4 Anomalies Fama (1970, 1991) provides a famous framework in order to think about efficiency. Various anomalies challenge efficiency : Seasonal anomalies, e.g., Turn-of-the-year effect (January), Turn-of-the-week effect (Monday) Valuation anomalies, e.g., Size effect, Momentum effect Anomalies or a missing part in capital markets theory? Anomalies are a challenge to theory building. 4

5 Objectives Introduction to efficient markets theory Seasonal anomalies Valuation anomalies Capital markets theory (CAPM, APT) Factor models Modeling and empirical testing Implementation and test of factor models in Matlab 5

6 Two groups Two pillars of the course: Theory & Literature Review: Group A Empirical modeling & testing: Group B Lessons and papers presented by group A Empirical work and results presented by group B Self organized learning and research 6

7 Theory & Literature Sessions: May, 4 th : Efficient Markets (Fama (1970), Fama (1991)) June, 15 th : Seasonal Anomalies (Time-Series Anomalies) June, 29 th : Valuation Anomalies (Cross-Sectional Anomalies) Topics: Group A (Theory & Literature) Theoretical background Literature review Results & Discussions 7

8 Group B Empirical research Programming in Matlab Implementation of factor models Application to German stock market Modeling and testing Presentation and comparing empirical results Empirical insights? 8

9 Guidelines Group A: See document Home Work A Group B: See document Home Work B See also general information sheet Syllabus Examination: Group A: Class preparation, lectures, slides, paper Group B: Matlab codes, tables, documentation, paper, presentation 9

10 Self organized learning: objectives Master of Science: Preparation for long life learning Less or no lectures, self organized learning instead Lectures: coaching self organized learning, not story telling Class preparation: Every student must be prepared for every topic Group A: Organizing a lecture session 10

11 General principles Group A is responsible for: Organization, Topics, Teaching Group A has to think of how to teach : Powerpoint slide presentation? Discussion? Which topics? Group work, movies, Here are some recommendations which are not mandatory, i.e., Group A remains responsible: 11

12 Which topics should be covered? Many papers, to much content, impossible to address every aspect Most important question: What does really matter? Which papers are important? Why? Which aspects are relevant? Major propositions, key insights? Critical discussion Summary of the lecture: Lessons learned? 12

13 Structure of a lecture Definition of the problem: What is the lecture about? Why? How does the lecture fit into financial economics? Which papers are discussed? Why? Objectives? Which questions? Why relevant and important? How is the lecture organized? Why this way? What is the link between the papers and lectures? Actual and most recent results? Really new? Look back into scientific history! 13

14 Discussion of a paper What is the paper really about? Not often obvious! How does it fit into financial economics? Is the topic treated a more detailed one or of general interest? What kind of paper (Literature review, empirical study, )? Author: Who is it? What is her/his research about? Similar papers? Which? Contrary results? Impact of the paper? Relevant for research effort? 14

15 Paper: Content and presentation Basic assumption/prerequisite: Everybody has already read the paper, avoid story telling! More important: Comment the paper, what is interesting, relevant? Methodology applied? Suitable for the question? Important: Point out the structure of the paper and line of argumentation Major propositions? Methodology applied? 15

16 Critical discussion Discuss most important aspects of the paper, e.g., propositions, approaches, methodology, reasoning. Be aware: The paper is already discussed in the relevant literature! Review such papers before formulating your own position! In general: All critical aspects have been already discussed, it is mostly improbable that you add some new aspects unknown in literature! 16

17 Summary, lessons learned A good summary is not a repetition! The audience has just followed your lecture! Instead: What are the most relevant aspects? Lessons learned: Why is this important (for me)? Which insights are relevant for my M.Sc.? Which problems remain for future research? In general and especially for me? 17

18 Reading scientific papers, some recommendations: Do not try to understand every detail: Papers do not emerge spontaneous; usually they belong to a long history of research; The details only become clear as long as one is familiar with the research history; More important at beginning: ability to extract major propositions without understanding every detail. Try to understand the rest by tracking back research history! Old papers are not outdated, they clarify many puzzles! 18

19 Recommendations (cont.): Use textbooks, research is more or less reflected in (advanced) textbooks and well explained/discussed, but textbooks only provide some basics! Read similar papers: The same topics are often treated in seemingly unrelated papers, but from a different point of view. This might help! Discuss the paper within your group: Everyone might understand the paper in a different way, this is great, not puzzling! Make use of this! 19

20 Some final remarks Many M.Sc. students do not really know what science is. Often, there is a common, but misleading understanding. Theory of Science : What is Science? Which conditions must be fulfilled in order to talk about science or scientific models? Attention: Science is made by humans, as such a sociological process! 20

21 Do not judge based on assumptions! Principle: Do not judge a theory or a model only according to the assumptions made! Ask for the ability to explain real world phenomena! Be aware: Any theory or model is a simplification, as such based on simplifying assumptions, which in turn might appear to be unrealistic! Often: The most simple models, based on most unrealistic assumptions, do the best job! Attention: A model is not reality, never confuse both! 21

22 Rejection, testable implications Finally, a theory must be able to explain empirical phenomena and to provide forecasts. Therefore, a theory must be clear and well formulated. Concrete: A theory must have testable implications and can be rejected in the light of empirical evidence! A story which is sufficient unspecific and vague and therefore is able to explain everything and nothing is not a theory! We do not need nice stories in science! 22

23 Occam s Razor Principle: As long as two competing theories explain the world equally well, choose the most simple one! It is trivial to construct a theory in the most complicated way! A more complicated theory must pay, it must be able to explain more empirical phenomena. Be aware: There is always a trade-off between complexity and accuracy! Do we really need a complex theory in every circumstances? Often a simple one is quite sufficient! 23

24 Generalization A most parsimonious set of assumptions (Occam s Razor) should explain empirical phenomena in the most general way. It is impossible to cover any special case! Theory must forgo some phenomena/effects! Important question: Is an anomaly (unexplained phenomena) so relevant that it is worth extending or changing existing theory? Think off Occam s Razor! 24

25 Literature Group A Fama (1970): Efficient Capital Markets: A Review of Theory and Empirical Work, in: Journal of Finance 25(2), Fama (1991): Efficient Capital Markets: II, in: Journal of Finance 46(5), Introduction to seasonal anomalies: Schwert, G. (2003), Anomalies and market efficiency, in G. Constantinides, M. Harris & R. Stulz, eds, Handbook of the Economics of Finance, North- Holland. Introduction to valuation anomalies: Fama, E. & French, K. (2008), Dissecting anomalies, Journal of Finance 63(4),

26 Literature Group B Testing explanatory power of CAPM beta: Fama, E. & French, K. (1992), The cross-section of expected stock returns, Journal of Finance 47(2), Extending CAPM beta to the three-factor model: Fama, E. & French, K. (1993), Common risk factors in the returns on stocks and bonds, Journal of Financial Economics 33(1), Testing explanatory power of the three-factor model and extending the three-factor model to the four factor model: Carhart, M. (1997), On persistence in mutual fund performance, Journal of Finance 52(1),

27 Literature Group B Empirical evidence for German stock returns: Artmann/Finter/Kempf: Determinants of Expected Stock Returns: Large Sample Evidence from the German Market, forthcoming in: Journal of Business Finance and Accounting Artmann/Finter/Kempf/Koch/Theissen: The Cross-Section of German Stock Returns: New Data and New Evidence, forthcoming in: Schmalenbach Business Review 27

Introduction to the diploma and master seminar in FSS 2010. Prof. Dr. Armin Heinzl. Sven Scheibmayr

Introduction to the diploma and master seminar in FSS 2010. Prof. Dr. Armin Heinzl. Sven Scheibmayr Contemporary Aspects in Information Systems Introduction to the diploma and master seminar in FSS 2010 Chair of Business Administration and Information Systems Prof. Dr. Armin Heinzl Sven Scheibmayr Objective

Mehr

Mitglied der Leibniz-Gemeinschaft

Mitglied der Leibniz-Gemeinschaft Methods of research into dictionary use: online questionnaires Annette Klosa (Institut für Deutsche Sprache, Mannheim) 5. Arbeitstreffen Netzwerk Internetlexikografie, Leiden, 25./26. März 2013 Content

Mehr

HIR Method & Tools for Fit Gap analysis

HIR Method & Tools for Fit Gap analysis HIR Method & Tools for Fit Gap analysis Based on a Powermax APML example 1 Base for all: The Processes HIR-Method for Template Checks, Fit Gap-Analysis, Change-, Quality- & Risk- Management etc. Main processes

Mehr

There are 10 weeks this summer vacation the weeks beginning: June 23, June 30, July 7, July 14, July 21, Jul 28, Aug 4, Aug 11, Aug 18, Aug 25

There are 10 weeks this summer vacation the weeks beginning: June 23, June 30, July 7, July 14, July 21, Jul 28, Aug 4, Aug 11, Aug 18, Aug 25 Name: AP Deutsch Sommerpaket 2014 The AP German exam is designed to test your language proficiency your ability to use the German language to speak, listen, read and write. All the grammar concepts and

Mehr

Lehrstuhl für Allgemeine BWL Strategisches und Internationales Management Prof. Dr. Mike Geppert Carl-Zeiß-Str. 3 07743 Jena

Lehrstuhl für Allgemeine BWL Strategisches und Internationales Management Prof. Dr. Mike Geppert Carl-Zeiß-Str. 3 07743 Jena Lehrstuhl für Allgemeine BWL Strategisches und Internationales Management Prof. Dr. Mike Geppert Carl-Zeiß-Str. 3 07743 Jena http://www.im.uni-jena.de Contents I. Learning Objectives II. III. IV. Recap

Mehr

Old People and Culture of Care.

Old People and Culture of Care. Old People and Culture of Care. Palliative and Dementia Care Reflections of a Study Course Elisabeth Wappelshammer Dirk Müller Andreas Heller One Study - Course two Cities two Semesters Berlin Vienna Study

Mehr

Accounting course program for master students. Institute of Accounting and Auditing http://www.wiwi.hu-berlin.de/rewe

Accounting course program for master students. Institute of Accounting and Auditing http://www.wiwi.hu-berlin.de/rewe Accounting course program for master students Institute of Accounting and Auditing http://www.wiwi.hu-berlin.de/rewe 2 Accounting requires institutional knowledge... 3...but it pays: Lehman Bros. Inc.,

Mehr

Haltung und Handlung. Theorien als Werkzeug Sozialer Arbeit. Workshop auf der 5. Merseburger Tagung zur systemischen Sozialarbeit

Haltung und Handlung. Theorien als Werkzeug Sozialer Arbeit. Workshop auf der 5. Merseburger Tagung zur systemischen Sozialarbeit Haltung und Handlung Theorien als Werkzeug Sozialer Arbeit Workshop auf der 5. Merseburger Tagung zur systemischen Sozialarbeit Zentrale Fragen Was verbindet Theorie und Praxis? In welchem Verhältnis stehen

Mehr

SELF-STUDY DIARY (or Lerntagebuch) GER102

SELF-STUDY DIARY (or Lerntagebuch) GER102 SELF-STUDY DIARY (or Lerntagebuch) GER102 This diary has several aims: To show evidence of your independent work by using an electronic Portfolio (i.e. the Mahara e-portfolio) To motivate you to work regularly

Mehr

Inequality Utilitarian and Capabilities Perspectives (and what they may imply for public health)

Inequality Utilitarian and Capabilities Perspectives (and what they may imply for public health) Inequality Utilitarian and Capabilities Perspectives (and what they may imply for public health) 1 Utilitarian Perspectives on Inequality 2 Inequalities matter most in terms of their impact onthelivesthatpeopleseektoliveandthethings,

Mehr

Corporate Digital Learning, How to Get It Right. Learning Café

Corporate Digital Learning, How to Get It Right. Learning Café 0 Corporate Digital Learning, How to Get It Right Learning Café Online Educa Berlin, 3 December 2015 Key Questions 1 1. 1. What is the unique proposition of digital learning? 2. 2. What is the right digital

Mehr

Prediction Market, 28th July 2012 Information and Instructions. Prognosemärkte Lehrstuhl für Betriebswirtschaftslehre insbes.

Prediction Market, 28th July 2012 Information and Instructions. Prognosemärkte Lehrstuhl für Betriebswirtschaftslehre insbes. Prediction Market, 28th July 2012 Information and Instructions S. 1 Welcome, and thanks for your participation Sensational prices are waiting for you 1000 Euro in amazon vouchers: The winner has the chance

Mehr

An Introduction to Monetary Theory. Rudolf Peto

An Introduction to Monetary Theory. Rudolf Peto An Introduction to Monetary Theory Rudolf Peto 0 Copyright 2013 by Prof. Rudolf Peto, Bielefeld (Germany), www.peto-online.net 1 2 Preface This book is mainly a translation of the theoretical part of my

Mehr

DIE NEUORGANISATION IM BEREICH DES SGB II AUSWIRKUNGEN AUF DIE ZUSAMMENARBEIT VON BUND LNDERN UND KOMMUNEN

DIE NEUORGANISATION IM BEREICH DES SGB II AUSWIRKUNGEN AUF DIE ZUSAMMENARBEIT VON BUND LNDERN UND KOMMUNEN DIE NEUORGANISATION IM BEREICH DES SGB II AUSWIRKUNGEN AUF DIE ZUSAMMENARBEIT VON BUND LNDERN UND KOMMUNEN WWOM537-PDFDNIBDSIAADZVBLUK 106 Page File Size 4,077 KB 16 Feb, 2002 COPYRIGHT 2002, ALL RIGHT

Mehr

German Geography Cookie Unit Haley Crittenden Gordon German Teacher Lee High School & Key Middle School (adapted from Angelika Becker)

German Geography Cookie Unit Haley Crittenden Gordon German Teacher Lee High School & Key Middle School (adapted from Angelika Becker) German Geography Cookie Unit Haley Crittenden Gordon German Teacher Lee High School & Key Middle School (adapted from Angelika Becker) Goal Students will learn about the physical geography of Germany,

Mehr

Proseminar - Organisation und Personal Seminar Organisational Theory and Human Resource Management

Proseminar - Organisation und Personal Seminar Organisational Theory and Human Resource Management 1 Proseminar - Organisation und Personal Seminar Organisational Theory and Human Resource Management Veranstaltungsnummer / 82-021-PS08-S-PS-0507.20151.001 Abschluss des Studiengangs / Bachelor Semester

Mehr

Europe Job Bank Schülerumfrage. Projektpartner. Euro-Schulen Halle

Europe Job Bank Schülerumfrage. Projektpartner. Euro-Schulen Halle Europe Job Bank Schülerumfrage Projektpartner Euro-Schulen Halle Alter: Geschlecht: M W Ausbildung als: F 1 Was war der Hauptgrund für Deine Wahl der Ausbildung / Deine Berufswahl? a. Freunde b. Familie

Mehr

Algorithms for graph visualization

Algorithms for graph visualization Algorithms for graph visualization Project - Orthogonal Grid Layout with Small Area W INTER SEMESTER 2013/2014 Martin No llenburg KIT Universita t des Landes Baden-Wu rttemberg und nationales Forschungszentrum

Mehr

Exercise (Part XI) Anastasia Mochalova, Lehrstuhl für ABWL und Wirtschaftsinformatik, Kath. Universität Eichstätt-Ingolstadt 1

Exercise (Part XI) Anastasia Mochalova, Lehrstuhl für ABWL und Wirtschaftsinformatik, Kath. Universität Eichstätt-Ingolstadt 1 Exercise (Part XI) Notes: The exercise is based on Microsoft Dynamics CRM Online. For all screenshots: Copyright Microsoft Corporation. The sign ## is you personal number to be used in all exercises. All

Mehr

Häufigkeit des Vorlesens innerhalb einer Woche

Häufigkeit des Vorlesens innerhalb einer Woche Anteil der Eltern Anteil der Eltern Anteil der Eltern 6. Anhang Auswertung Umfrage Eltern England/Deutschland Tabelle 1: Frage 2 Wie oft lesen Sie Ihrem Kind unter der Woche vor? Häufigkeit des Vorlesens

Mehr

STRATEGISCHES BETEILIGUNGSCONTROLLING BEI KOMMUNALEN UNTERNEHMEN DER FFENTLICHE ZWECK ALS RICHTSCHNUR FR EIN ZIELGERICHTETE

STRATEGISCHES BETEILIGUNGSCONTROLLING BEI KOMMUNALEN UNTERNEHMEN DER FFENTLICHE ZWECK ALS RICHTSCHNUR FR EIN ZIELGERICHTETE BETEILIGUNGSCONTROLLING BEI KOMMUNALEN UNTERNEHMEN DER FFENTLICHE ZWECK ALS RICHTSCHNUR FR EIN ZIELGERICHTETE PDF-SBBKUDFZARFEZ41-APOM3 123 Page File Size 5,348 KB 3 Feb, 2002 TABLE OF CONTENT Introduction

Mehr

STRATEGISCHES BETEILIGUNGSCONTROLLING BEI KOMMUNALEN UNTERNEHMEN DER FFENTLICHE ZWECK ALS RICHTSCHNUR FR EIN ZIELGERICHTETE

STRATEGISCHES BETEILIGUNGSCONTROLLING BEI KOMMUNALEN UNTERNEHMEN DER FFENTLICHE ZWECK ALS RICHTSCHNUR FR EIN ZIELGERICHTETE BETEILIGUNGSCONTROLLING BEI KOMMUNALEN UNTERNEHMEN DER FFENTLICHE ZWECK ALS RICHTSCHNUR FR EIN ZIELGERICHTETE PDF-SBBKUDFZARFEZ41-SEOM3 123 Page File Size 5,348 KB 3 Feb, 2002 TABLE OF CONTENT Introduction

Mehr

SS 2011 Network Security Dozent(en): Prof. Dr. Peter Martini

SS 2011 Network Security Dozent(en): Prof. Dr. Peter Martini SS 2 Network Security Dozent(en): Prof. Dr. Peter Martini Wie regelmäßig hast du die Vorlesung besucht How regularly have you attended this lecture? nie never immer always Entspricht der Raum deinen Anforderungen

Mehr

Einführung in das wissenschaftliche Arbeiten WS 2010/2011 am Institut für Angewandte Informationsverarbeitung und Kommunikationstechnologie

Einführung in das wissenschaftliche Arbeiten WS 2010/2011 am Institut für Angewandte Informationsverarbeitung und Kommunikationstechnologie Einführung in das wissenschaftliche Arbeiten WS 2010/2011 am Institut für Angewandte Informationsverarbeitung und Kommunikationstechnologie IT-Security Karl C. Posch (Karl.Posch@iaik.tugraz.at) http://www.iaik.tugraz.at/content/teaching/bachelor_courses/

Mehr

Englisch Klasse 8 - Name:

Englisch Klasse 8 - Name: Englisch Klasse 8 Name: Kompetenzen: Unit 1 talk about New York City Englisch G 21 A4 p. 1421 Fit für Tests und Klassenarbeiten 4, p. 89, p. 14 ex. 2, p. 15 ex. 3 use the present perfect progressive and

Mehr

Efficient Design Space Exploration for Embedded Systems

Efficient Design Space Exploration for Embedded Systems Diss. ETH No. 16589 Efficient Design Space Exploration for Embedded Systems A dissertation submitted to the SWISS FEDERAL INSTITUTE OF TECHNOLOGY ZURICH for the degree of Doctor of Sciences presented by

Mehr

How does the Institute for quality and efficiency in health care work?

How does the Institute for quality and efficiency in health care work? Health Care for all Creating Effective and Dynamic Structures How does the Institute for quality and efficiency in health care work? Peter T. Sawicki; Institute for Quality and Efficiency in Health Care.

Mehr

Workshop Quality Assurance Forum 2014

Workshop Quality Assurance Forum 2014 Workshop Quality Assurance Forum 2014 How do connotations of to learn and to teach influence learning and teaching? Andrea Trink Head of Quality Management Fachhochschule Burgenland - University of Applied

Mehr

2 German sentence: write your English translation before looking at p. 3

2 German sentence: write your English translation before looking at p. 3 page Edward Martin, Institut für Anglistik, Universität Koblenz-Landau, Campus Koblenz 2 German sentence: write your English translation before looking at p. 3 3 German sentence analysed in colour coding;

Mehr

Darstellung und Anwendung der Assessmentergebnisse

Darstellung und Anwendung der Assessmentergebnisse Process flow Remarks Role Documents, data, tool input, output Important: Involve as many PZU as possible PZO Start Use appropriate templates for the process documentation Define purpose and scope Define

Mehr

Führen durch Entscheiden

Führen durch Entscheiden Führen durch Entscheiden A.Univ.-Prof. Dr. Eduard Brandstätter Johannes Kepler Universität Linz Fehlentscheidung? Fehlentscheidungen Fusionierungen und Übernahmen (Harding & Rovit, 2004) Rechtsanwälte

Mehr

Notice: All mentioned inventors have to sign the Report of Invention (see page 3)!!!

Notice: All mentioned inventors have to sign the Report of Invention (see page 3)!!! REPORT OF INVENTION Please send a copy to An die Abteilung Technologietransfer der Universität/Hochschule An die Technologie-Lizenz-Büro (TLB) der Baden-Württembergischen Hochschulen GmbH Ettlinger Straße

Mehr

Client reporting from a client's perspective. Date: 10th September 2009 Produced by: Dr. Stefan J. Illmer, Head of Client Reporting

Client reporting from a client's perspective. Date: 10th September 2009 Produced by: Dr. Stefan J. Illmer, Head of Client Reporting Client reporting from a client's perspective Date: 10th tember 2009 Produced by: Dr. Stefan J. Illmer, Head of Client Reporting What is client reporting? Vermögensstruktur nach Ländern 31.12.2005 Performance

Mehr

Hochschule Esslingen. Modulbeschreibung TBB Internationale Technische Betriebswirtschaft. Inhaltsverzeichnis. Kanalstr. 33 73728 Esslingen

Hochschule Esslingen. Modulbeschreibung TBB Internationale Technische Betriebswirtschaft. Inhaltsverzeichnis. Kanalstr. 33 73728 Esslingen Kanalstr. 33 73728 Esslingen Inhaltsverzeichnis Seite 1 von 6 TBB602 MD International Business 2 Int.Marketing/-Finance & Case Studies Int.Business 3 International Conmmercial Law 5 Erläuterungen 6 Modul

Mehr

Einsatz einer Dokumentenverwaltungslösung zur Optimierung der unternehmensübergreifenden Kommunikation

Einsatz einer Dokumentenverwaltungslösung zur Optimierung der unternehmensübergreifenden Kommunikation Einsatz einer Dokumentenverwaltungslösung zur Optimierung der unternehmensübergreifenden Kommunikation Eine Betrachtung im Kontext der Ausgliederung von Chrysler Daniel Rheinbay Abstract Betriebliche Informationssysteme

Mehr

Weiterbildungskolleg der Stadt Bielefeld Abendrealschule Fachbereich Englisch Frachtstraße 8 33602 Bielefeld

Weiterbildungskolleg der Stadt Bielefeld Abendrealschule Fachbereich Englisch Frachtstraße 8 33602 Bielefeld Weiterbildungskolleg der Stadt Bielefeld Abendrealschule Fachbereich Englisch Frachtstraße 8 33602 Bielefeld Requirements for Entering the First Term in English, Exercises to Prepare Yourself / Anforderungen

Mehr

Exercise (Part II) Anastasia Mochalova, Lehrstuhl für ABWL und Wirtschaftsinformatik, Kath. Universität Eichstätt-Ingolstadt 1

Exercise (Part II) Anastasia Mochalova, Lehrstuhl für ABWL und Wirtschaftsinformatik, Kath. Universität Eichstätt-Ingolstadt 1 Exercise (Part II) Notes: The exercise is based on Microsoft Dynamics CRM Online. For all screenshots: Copyright Microsoft Corporation. The sign ## is you personal number to be used in all exercises. All

Mehr

Outline. 5. A Chance for Entrepreneurs? Porter s focus strategy and the long tail concept. 6. Discussion. Prof. Dr. Anne König, Germany, 27. 08.

Outline. 5. A Chance for Entrepreneurs? Porter s focus strategy and the long tail concept. 6. Discussion. Prof. Dr. Anne König, Germany, 27. 08. Mass Customized Printed Products A Chance for Designers and Entrepreneurs? Burgdorf, 27. 08. Beuth Hochschule für Technik Berlin Prof. Dr. Anne König Outline 1. Definitions 2. E-Commerce: The Revolution

Mehr

A New Class of Equity Style Indices

A New Class of Equity Style Indices A New Class of Equity Style Indices Niklas Wagner and Elisabeth Stocker Munich, December 18, 2008 Allianz IDS GmbH Overview I. The Project II. III. IV. The Data Universe The Style Indices Performance V.

Mehr

Informeller Brief Schreiben

Informeller Brief Schreiben preliminary note Every letter is something special and unique. It's difficult to give strict rules how to write a letter. Nevertheless, there are guidelines how to start and finish a letter. Like in English

Mehr

LiTG Questionnaire for the evaluation of lighting situations

LiTG Questionnaire for the evaluation of lighting situations LiTG Questionnaire for the evaluation of lighting situations LiTG-Fragebogen zur Bewertung von Lichtsituationen Dr.-Ing. Cornelia Moosmann, Dr.-Ing. Cornelia Vandahl FACHGEBIET BAUPHYSIK UND TECHNISCHER

Mehr

General Certificate of Education Advanced Subsidiary Examination June 2014

General Certificate of Education Advanced Subsidiary Examination June 2014 General Certificate of Education Advanced Subsidiary Examination June 2014 German GER2T/GER2V Unit 2 Speaking Test Examiner s Material To be conducted by the teacher examiner between 7 March and 15 May

Mehr

J RG IMMENDORFF STANDORT F R KRITIK MALEREI UND INSPIRATION ERSCHEINT ZUR AUSSTELLUNG IM MUSEUM LU

J RG IMMENDORFF STANDORT F R KRITIK MALEREI UND INSPIRATION ERSCHEINT ZUR AUSSTELLUNG IM MUSEUM LU J RG IMMENDORFF STANDORT F R KRITIK MALEREI UND INSPIRATION ERSCHEINT ZUR AUSSTELLUNG IM MUSEUM LU 8 Feb, 2016 JRISFRKMUIEZAIMLAPOM-PDF33-0 File 4,455 KB 96 Page If you want to possess a one-stop search

Mehr

Englisch. Schreiben. 18. September 2015 BAKIP / BASOP. Standardisierte kompetenzorientierte schriftliche Reife- und Diplomprüfung.

Englisch. Schreiben. 18. September 2015 BAKIP / BASOP. Standardisierte kompetenzorientierte schriftliche Reife- und Diplomprüfung. Name: Klasse/Jahrgang: Standardisierte kompetenzorientierte schriftliche Reife- und Diplomprüfung BAKIP / BASOP 18. September 2015 Englisch (B2) Schreiben Hinweise zum Beantworten der Fragen Sehr geehrte

Mehr

Prediction Market, 12th June 3rd July 2012 Information and Instructions. Prognosemärkte Lehrstuhl für Betriebswirtschaftslehre insbes.

Prediction Market, 12th June 3rd July 2012 Information and Instructions. Prognosemärkte Lehrstuhl für Betriebswirtschaftslehre insbes. Prediction Market, 12th June 3rd July 2012 Information and Instructions S. 1 Welcome, and thanks for your participation Sensational prices are waiting for you 1000 Euro in amazon vouchers: The winner has

Mehr

Labour law and Consumer protection principles usage in non-state pension system

Labour law and Consumer protection principles usage in non-state pension system Labour law and Consumer protection principles usage in non-state pension system by Prof. Dr. Heinz-Dietrich Steinmeyer General Remarks In private non state pensions systems usually three actors Employer

Mehr

GRIPS - GIS basiertes Risikoanalyse-, Informations- und Planungssystem

GRIPS - GIS basiertes Risikoanalyse-, Informations- und Planungssystem GRIPS - GIS basiertes Risikoanalyse-, Informations- und Planungssystem GIS based risk assessment and incident preparation system Gregor Lämmel TU Berlin GRIPS joined research project TraffGo HT GmbH Rupprecht

Mehr

ELBA2 ILIAS TOOLS AS SINGLE APPLICATIONS

ELBA2 ILIAS TOOLS AS SINGLE APPLICATIONS ELBA2 ILIAS TOOLS AS SINGLE APPLICATIONS An AAA/Switch cooperative project run by LET, ETH Zurich, and ilub, University of Bern Martin Studer, ilub, University of Bern Julia Kehl, LET, ETH Zurich 1 Contents

Mehr

PRO SCAN WASSERANALYSE PER SMARTPHONE WATER ANALYSIS BY SMARTPHONE ANALYSE DE L EAU PAR SMARTPHONE

PRO SCAN WASSERANALYSE PER SMARTPHONE WATER ANALYSIS BY SMARTPHONE ANALYSE DE L EAU PAR SMARTPHONE N02 WASSERANALYSE PER SMARTPHONE WATER ANALYSIS BY SMARTPHONE ANALYSE DE L EAU PAR SMARTPHONE NO 2 NO 3 ph Cl 2 CO 2 ANALYSE DIAGNOSE LÖSUNG ANALYSIS DIAGNOSIS SOLUTION THE NEW GENERATION ph KH GH N03

Mehr

Mash-Up Personal Learning Environments. Dr. Hendrik Drachsler

Mash-Up Personal Learning Environments. Dr. Hendrik Drachsler Decision Support for Learners in Mash-Up Personal Learning Environments Dr. Hendrik Drachsler Personal Nowadays Environments Blog Reader More Information Providers Social Bookmarking Various Communities

Mehr

Role Play I: Ms Minor Role Card. Ms Minor, accountant at BIGBOSS Inc.

Role Play I: Ms Minor Role Card. Ms Minor, accountant at BIGBOSS Inc. Role Play I: Ms Minor Role Card Conversation between Ms Boss, CEO of BIGBOSS Inc. and Ms Minor, accountant at BIGBOSS Inc. Ms Boss: Guten Morgen, Frau Minor! Guten Morgen, Herr Boss! Frau Minor, bald steht

Mehr

Could you help me? I wish you were here already. He said he had no time.

Could you help me? I wish you were here already. He said he had no time. learning target Aim of this section is to learn how to use the Konjunktiv. German Könntest du mir helfen? Ich wünschte, du wärst schon hier. Er sagte, er habe keine Zeit. English Could you help me? I wish

Mehr

Cambridge International Examinations Cambridge International General Certificate of Secondary Education

Cambridge International Examinations Cambridge International General Certificate of Secondary Education Cambridge International Examinations Cambridge International General Certificate of Secondary Education GERMAN 0525/03 Paper 3 Speaking Role Play Card One For Examination from 2015 SPECIMEN ROLE PLAY Approx.

Mehr

Frequently asked Questions for Kaercher Citrix (apps.kaercher.com)

Frequently asked Questions for Kaercher Citrix (apps.kaercher.com) Frequently asked Questions for Kaercher Citrix (apps.kaercher.com) Inhalt Content Citrix-Anmeldung Login to Citrix Was bedeutet PIN und Token (bei Anmeldungen aus dem Internet)? What does PIN and Token

Mehr

Technical Thermodynamics

Technical Thermodynamics Technical Thermodynamics Chapter 1: Introduction, some nomenclature, table of contents Prof. Dr.-Ing. habil. Egon Hassel University of Rostock, Germany Faculty of Mechanical Engineering and Ship Building

Mehr

Selbstlernmodul bearbeitet von: begonnen: Inhaltsverzeichnis:

Selbstlernmodul bearbeitet von: begonnen: Inhaltsverzeichnis: bearbeitet von: begonnen: Fach: Englisch Thema: The Future Deckblatt des Moduls 1 ''You will have to pay some money soon. That makes 4, please.'' ''Oh!'' Inhaltsverzeichnis: Inhalt bearbeitet am 2 Lerntagebuch

Mehr

MASTER THESIS GRADING PROTOCOL FH BFI WIEN

MASTER THESIS GRADING PROTOCOL FH BFI WIEN MASTER THESIS GRADING PROTOCOL FH BFI WIEN Student s name: Examiner s name: Thesis title: The electronic plagiarism check has shown the following percentage of matching content (value in %. Note: About

Mehr

Umrüstung von SMA Wechselrichtern nach SysStabV Bernd Lamskemper

Umrüstung von SMA Wechselrichtern nach SysStabV Bernd Lamskemper Umrüstung von SMA Wechselrichtern nach SysStabV Bernd Lamskemper Disclaimer IMPORTANT LEGAL NOTICE This presentation does not constitute or form part of, and should not be construed as, an offer or invitation

Mehr

Context-adaptation based on Ontologies and Spreading Activation

Context-adaptation based on Ontologies and Spreading Activation -1- Context-adaptation based on Ontologies and Spreading Activation ABIS 2007, Halle, 24.09.07 {hussein,westheide,ziegler}@interactivesystems.info -2- Context Adaptation in Spreadr Pubs near my location

Mehr

GERMAN VACATION WORK (2014)

GERMAN VACATION WORK (2014) GERMAN VACATION WORK (2014) IB Read Der Vorleser by Bernhard Schlink in preparation for the start of the Michaelmas term. AS Work as shown on the following pages. German Department Vacation Work Vth Form

Mehr

Extract of the Annotations used for Econ 5080 at the University of Utah, with study questions, akmk.pdf.

Extract of the Annotations used for Econ 5080 at the University of Utah, with study questions, akmk.pdf. 1 The zip archives available at http://www.econ.utah.edu/ ~ ehrbar/l2co.zip or http: //marx.econ.utah.edu/das-kapital/ec5080.zip compiled August 26, 2010 have the following content. (they differ in their

Mehr

Master Economics (zweijährig) + Master Studies in Economics (einjährig) mit dem Abschluss Master of Science (M.Sc.)

Master Economics (zweijährig) + Master Studies in Economics (einjährig) mit dem Abschluss Master of Science (M.Sc.) Wirtschaftswissenschaftliche Fakultät tand: 07.09.2013 Master Economics (zweijährig) + Master tudies in Economics (einjährig) mit dem Abschluss Master of cience (M.c.) orläufiges orlesungsverzeichnis -

Mehr

AS Path-Prepending in the Internet And Its Impact on Routing Decisions

AS Path-Prepending in the Internet And Its Impact on Routing Decisions (SEP) Its Impact on Routing Decisions Zhi Qi ytqz@mytum.de Advisor: Wolfgang Mühlbauer Lehrstuhl für Netzwerkarchitekturen Background Motivation BGP -> core routing protocol BGP relies on policy routing

Mehr

Challenges for the future between extern and intern evaluation

Challenges for the future between extern and intern evaluation Evaluation of schools in switzerland Challenges for the future between extern and intern evaluation Michael Frais Schulentwicklung in the Kanton Zürich between internal evaluation and external evaluation

Mehr

Kybernetik Intelligent Agents- Decision Making

Kybernetik Intelligent Agents- Decision Making Kybernetik Intelligent Agents- Decision Making Mohamed Oubbati Institut für Neuroinformatik Tel.: (+49) 731 / 50 24153 mohamed.oubbati@uni-ulm.de 03. 07. 2012 Intelligent Agents Environment Agent Intelligent

Mehr

-Which word (lines 47-52) does tell us that Renia s host brother is a pleasant person?

-Which word (lines 47-52) does tell us that Renia s host brother is a pleasant person? Reading tasks passend zu: Open World 1 Unit 4 (student s book) Through a telescope (p. 26/27): -Renia s exchange trip: richtig falsch unkar? richtig falsch unklar: Renia hat sprachliche Verständnisprobleme.

Mehr

1. General information... 2 2. Login... 2 3. Home... 3 4. Current applications... 3

1. General information... 2 2. Login... 2 3. Home... 3 4. Current applications... 3 User Manual for Marketing Authorisation and Lifecycle Management of Medicines Inhalt: User Manual for Marketing Authorisation and Lifecycle Management of Medicines... 1 1. General information... 2 2. Login...

Mehr

Application Form ABOUT YOU INFORMATION ABOUT YOUR SCHOOL. - Please affix a photo of yourself here (with your name written on the back) -

Application Form ABOUT YOU INFORMATION ABOUT YOUR SCHOOL. - Please affix a photo of yourself here (with your name written on the back) - Application Form ABOUT YOU First name(s): Surname: Date of birth : Gender : M F Address : Street: Postcode / Town: Telephone number: Email: - Please affix a photo of yourself here (with your name written

Mehr

ReadMe zur Installation der BRICKware for Windows, Version 6.1.2. ReadMe on Installing BRICKware for Windows, Version 6.1.2

ReadMe zur Installation der BRICKware for Windows, Version 6.1.2. ReadMe on Installing BRICKware for Windows, Version 6.1.2 ReadMe zur Installation der BRICKware for Windows, Version 6.1.2 Seiten 2-4 ReadMe on Installing BRICKware for Windows, Version 6.1.2 Pages 5/6 BRICKware for Windows ReadMe 1 1 BRICKware for Windows, Version

Mehr

HUMANGENETIK IN DER WELT VON HEUTE: 12 SALZBURGER VORLESUNGEN (GERMAN EDITION) BY FRIEDRICH VOGEL

HUMANGENETIK IN DER WELT VON HEUTE: 12 SALZBURGER VORLESUNGEN (GERMAN EDITION) BY FRIEDRICH VOGEL FRIEDRICH VOGEL READ ONLINE AND DOWNLOAD EBOOK : HUMANGENETIK IN DER WELT VON HEUTE: 12 SALZBURGER VORLESUNGEN (GERMAN EDITION) BY Click button to download this ebook READ ONLINE AND DOWNLOAD HUMANGENETIK

Mehr

p^db=`oj===pìééçêíáåñçêã~íáçå=

p^db=`oj===pìééçêíáåñçêã~íáçå= p^db=`oj===pìééçêíáåñçêã~íáçå= Error: "Could not connect to the SQL Server Instance" or "Failed to open a connection to the database." When you attempt to launch ACT! by Sage or ACT by Sage Premium for

Mehr

After sales product list After Sales Geräteliste

After sales product list After Sales Geräteliste GMC-I Service GmbH Thomas-Mann-Str. 20 90471 Nürnberg e-mail:service@gossenmetrawatt.com After sales product list After Sales Geräteliste Ladies and Gentlemen, (deutsche Übersetzung am Ende des Schreibens)

Mehr

How to access licensed products from providers who are already operating productively in. General Information... 2. Shibboleth login...

How to access licensed products from providers who are already operating productively in. General Information... 2. Shibboleth login... Shibboleth Tutorial How to access licensed products from providers who are already operating productively in the SWITCHaai federation. General Information... 2 Shibboleth login... 2 Separate registration

Mehr

The poetry of school.

The poetry of school. International Week 2015 The poetry of school. The pedagogy of transfers and transitions at the Lower Austrian University College of Teacher Education(PH NÖ) Andreas Bieringer In M. Bernard s class, school

Mehr

UNIGRAZONLINE. With UNIGRAZonline you can organise your studies at Graz University. Please go to the following link: https://online.uni-graz.

UNIGRAZONLINE. With UNIGRAZonline you can organise your studies at Graz University. Please go to the following link: https://online.uni-graz. English Version 1 UNIGRAZONLINE With UNIGRAZonline you can organise your studies at Graz University. Please go to the following link: https://online.uni-graz.at You can choose between a German and an English

Mehr

Abschlussklausur des Kurses Portfoliomanagement

Abschlussklausur des Kurses Portfoliomanagement Universität Hohenheim Wintersemester 2010/2011 Lehrstuhl für Bankwirtschaft und Finanzdienstleistungen Kurs Portfoliomanagement Seite 1 von 3 19.01.2011 Abschlussklausur des Kurses Portfoliomanagement

Mehr

August Macke 1887-1914 Abschied, 1914 Museum Ludwig, Köln

August Macke 1887-1914 Abschied, 1914 Museum Ludwig, Köln August Macke 1887-1914 Abschied, 1914 Museum Ludwig, Köln Ideas for the classroom 1. Introductory activity wer?, was?, wo?, wann?, warum? 2. Look at how people say farewell in German. 3. Look at how people

Mehr

Pilot area B: Zeeland (B + NL) Pilot area C: Terschelling and Northern Fryslan (NL) Pilot area D: Borkum (D)

Pilot area B: Zeeland (B + NL) Pilot area C: Terschelling and Northern Fryslan (NL) Pilot area D: Borkum (D) Pilot area A: Belgische Middenkust, (B) Pilot area B: Zeeland (B + NL) Pilot area C: Terschelling and Northern Fryslan (NL) Pilot area D: Borkum (D) Pilot area E: Schleswig and Sdr. Jylland (D + DK) Pilot

Mehr

It's just a laboratory, it is not your life.

It's just a laboratory, it is not your life. It's just a laboratory, it is not your life. Stressors and starting points for health promoting interventions in medical school from the students perspective: a qualitative study. 20.04.2015 Thomas Kötter,

Mehr

ISO 15504 Reference Model

ISO 15504 Reference Model Process flow Remarks Role Documents, data, tools input, output Start Define purpose and scope Define process overview Define process details Define roles no Define metrics Pre-review Review yes Release

Mehr

My Reading-Log. Eine Hilfe beim Lesen von englischen Ganzschriften in der Schule. Hinweise zur technischen Umsetzung:

My Reading-Log. Eine Hilfe beim Lesen von englischen Ganzschriften in der Schule. Hinweise zur technischen Umsetzung: Eine Hilfe beim Lesen von englischen Ganzschriften in der Schule Hinweise zur technischen Umsetzung: Die Tagebuch-Seiten werden in der vorgebenen Reihenfolge beidseitig auf A4 Papier gedruckt. Das vierte

Mehr

TIn 1: Feedback Laboratories. Lecture 4 Data transfer. Question: What is the IP? Institut für Embedded Systems. Institut für Embedded Systems

TIn 1: Feedback Laboratories. Lecture 4 Data transfer. Question: What is the IP? Institut für Embedded Systems. Institut für Embedded Systems Mitglied der Zürcher Fachhochschule TIn 1: Lecture 4 Data transfer Feedback Laboratories Question: What is the IP? Why do we NEED an IP? Lecture 3: Lernziele Moving data, the why s and wherefores Moving

Mehr

Rough copy for the art project >hardware/software< of the imbenge-dreamhouse artist Nele Ströbel.

Rough copy for the art project >hardware/software< of the imbenge-dreamhouse artist Nele Ströbel. Rough copy for the art project >hardware/software< of the imbenge-dreamhouse artist. Title >hardware/software< This art project reflects different aspects of work and its meaning for human kind in our

Mehr

Demografic Agency for the economy in Lower Saxony. Johannes Grabbe s presentation at the German-British trades union forum in London, 2nd July 2012

Demografic Agency for the economy in Lower Saxony. Johannes Grabbe s presentation at the German-British trades union forum in London, 2nd July 2012 Demografic Agency for the economy in Lower Saxony Johannes Grabbe s presentation at the German-British trades union forum in London, 2nd July 2012 Collaborative project of: Governmental aid: Content 1.

Mehr

How to deal with complaints writing business letters and e-mails. Von Prof. Dr. Inez De Florio-Hansen, Kassel. Voransicht

How to deal with complaints writing business letters and e-mails. Von Prof. Dr. Inez De Florio-Hansen, Kassel. Voransicht III Business communication: writing 5 How to deal with complaints 1 von 32 How to deal with complaints writing business letters and e-mails Von Prof. Dr. Inez De Florio-Hansen, Kassel Beschwerden und Reklamationen

Mehr

Unterrichtsmaterialien in digitaler und in gedruckter Form. Auszug aus: Ernährung Fitness Wellness - Fit 4 U Fit 4 Life

Unterrichtsmaterialien in digitaler und in gedruckter Form. Auszug aus: Ernährung Fitness Wellness - Fit 4 U Fit 4 Life Unterrichtsmaterialien in digitaler und in gedruckter Form Auszug aus: Ernährung Fitness Wellness - Fit 4 U Fit 4 Life Das komplette Material finden Sie hier: School-Scout.de Bernhard Thiel Bernhard Thiel

Mehr

Ways and methods to secure customer satisfaction at the example of a building subcontractor

Ways and methods to secure customer satisfaction at the example of a building subcontractor Abstract The thesis on hand deals with customer satisfaction at the example of a building subcontractor. Due to the problems in the building branch, it is nowadays necessary to act customer oriented. Customer

Mehr

Lizenzmanagement auf Basis DBA Feature Usage Statistics?

Lizenzmanagement auf Basis DBA Feature Usage Statistics? Lizenzmanagement auf Basis DBA Feature Usage Statistics? Kersten Penni, Oracle Deutschland B.V. & Co. KG Düsseldorf Schlüsselworte Oracle License Management Services (LMS), Lizenzen, Lizenzierung, Nutzungserfassung,

Mehr

This Candidate s Sheet is to be handed to the candidate 20 minutes in advance.

This Candidate s Sheet is to be handed to the candidate 20 minutes in advance. Advanced GCE 2664 GERMAN 2664, Speaking and Reading TEXT A 15 MARCH 2006 15 MAY 2007 No additional materials are required. TIME 15 minutes This Candidate s Sheet is to be handed to the candidate 20 minutes

Mehr

USBASIC SAFETY IN NUMBERS

USBASIC SAFETY IN NUMBERS USBASIC SAFETY IN NUMBERS #1.Current Normalisation Ropes Courses and Ropes Course Elements can conform to one or more of the following European Norms: -EN 362 Carabiner Norm -EN 795B Connector Norm -EN

Mehr

Support Technologies based on Bi-Modal Network Analysis. H. Ulrich Hoppe. Virtuelles Arbeiten und Lernen in projektartigen Netzwerken

Support Technologies based on Bi-Modal Network Analysis. H. Ulrich Hoppe. Virtuelles Arbeiten und Lernen in projektartigen Netzwerken Support Technologies based on Bi-Modal Network Analysis H. Agenda 1. Network analysis short introduction 2. Supporting the development of virtual organizations 3. Supporting the development of compentences

Mehr

Themen für Seminararbeiten WS 15/16

Themen für Seminararbeiten WS 15/16 Themen für Seminararbeiten WS 15/16 Institut für nachhaltige Unternehmensführung Themenblock A: 1) Carsharing worldwide - An international Comparison 2) The influence of Carsharing towards other mobility

Mehr

GIPS 2010 Gesamtüberblick. Dr. Stefan J. Illmer Credit Suisse. Seminar der SBVg "GIPS Aperitif" 15. April 2010 Referat von Stefan Illmer

GIPS 2010 Gesamtüberblick. Dr. Stefan J. Illmer Credit Suisse. Seminar der SBVg GIPS Aperitif 15. April 2010 Referat von Stefan Illmer GIPS 2010 Gesamtüberblick Dr. Stefan J. Illmer Credit Suisse Agenda Ein bisschen Historie - GIPS 2010 Fundamentals of Compliance Compliance Statement Seite 3 15.04.2010 Agenda Ein bisschen Historie - GIPS

Mehr

Praktikum Entwicklung Mediensysteme (für Master)

Praktikum Entwicklung Mediensysteme (für Master) Praktikum Entwicklung Mediensysteme (für Master) Organisatorisches Today Schedule Organizational Stuff Introduction to Android Exercise 1 2 Schedule Phase 1 Individual Phase: Introduction to basics about

Mehr

Listening Comprehension: Talking about language learning

Listening Comprehension: Talking about language learning Talking about language learning Two Swiss teenagers, Ralf and Bettina, are both studying English at a language school in Bristo and are talking about language learning. Remember that Swiss German is quite

Mehr

Auswertungsbericht Lehrveranstaltungsbewertung Mobile Communication and Ad Hoc Networks

Auswertungsbericht Lehrveranstaltungsbewertung Mobile Communication and Ad Hoc Networks RWTH Aachen Dez. 6.0 - Abt. 6. Templergraben 06 Aachen Tel.: 0 80 967 E-Mail: verena.thaler@zhv.rwth-aachen.de RWTH Aachen - Dez. 6.0/Abt. 6. Herr Prof. Dr. Peter Martini (PERSÖNLICH) Auswertungsbericht

Mehr

POST MARKET CLINICAL FOLLOW UP

POST MARKET CLINICAL FOLLOW UP POST MARKET CLINICAL FOLLOW UP (MEDDEV 2.12-2 May 2004) Dr. med. Christian Schübel 2007/47/EG Änderungen Klin. Bewertung Historie: CETF Report (2000) Qualität der klinischen Daten zu schlecht Zu wenige

Mehr

Der Wetterbericht für Deutschland. Read the weather reports and draw the correct weather symbols for each town.

Der Wetterbericht für Deutschland. Read the weather reports and draw the correct weather symbols for each town. Der Wetterbericht für Deutschland Read the weather reports and draw the correct weather symbols for each town. Es ist sehr heiß in Berlin und es donnert und blitzt in Frankfurt. Es ist ziemlich neblig

Mehr

Sustainability Balanced Scorecard as a Framework for Eco-Efficiency Analysis

Sustainability Balanced Scorecard as a Framework for Eco-Efficiency Analysis Sustainability Balanced Scorecard as a Framework for Eco-Efficiency Analysis Andreas Möller amoeller@uni-lueneburg.de umweltinformatik.uni-lueneburg.de Stefan Schaltegger schaltegger@uni-lueneburgde www.uni-lueneburg.de/csm

Mehr