In this lecture we offer a theoretical background to macroeconomic, psychological and microeconomic aspects of entrepreneurship. Among macroeconomic aspects we present the role of the entrepreneur in the national economy, economic growth and the value of entrepreneurship. Psychological aspects include the personality of the entrepreneur and a typology of entrepreneurs. Microeconomic aspects treat problems at firm level such as incentives in entrepreneurial teams and financing problems.
The course "Economics of Entrepreneurship" will provide two exams one for Bachelor (course number 70641) and one for Master (course number 70613) students attending the course. Master students, who already completed this course during their undergraduate studies, cannot take "Economics of Entrepreneurship" again.