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Applications are open for an inspiring summer school in the heart of Vienna

Applications are open for an inspiring summer school in the heart of Vienna, which considers how sustainability, economics and business ethics can combine to create a more stable world.

The ‘Alternative Economic and Monetary Systems (AEMS)’ academic summer school explores the economy of the future, and how it can adapt to balance some of the turmoil, strains and challenges of modern life.

Taking place from the 15th to the 31st of July, the course is organised by the OeAD-Housing Office, which offers sustainable accommodation for students across Austria, together with the city’s BOKU University of Natural Resources and Life Sciences, and the Economy For The Common Good movement.

The AEMS summer school is operated under a not-for-profit arrangement and as a result costs €1390. This price includes all accommodation, which is based in OeAD’s highly energy efficient passive house student properties in Vienna.

The course runs for two weeks and at the end those taking part are able to enjoy a free week in the OeAD accommodation, providing an ideal opportunity to explore Vienna cost-effectively.

The lectures, workshops and discussion panels cover a variety of topics, including the reform or redefinition of money, an overhaul of the aim of economic activity towards solidarity and co-operation, tax reform, and a reform of financial markets, right through to a change in consumer culture and the reduction of resource consumption.

Günther Jedliczka, CEO of the OeAD-Housing Office, said: “The summer school is set against the context that, between 1970 and 2007, the world has seen 425 systemic economic crises, a figure which includes 145 sector-wide banking crises.

“There is also the global impact of population growth, resource exploitation and environmental degradation, all of which raise the question of the scope and ability for reform.

“The summer school will explore how this instability might be reduced. It will approach the topic of economic alternatives by considering natural boundaries and the human factor to be equal parts of the equation.

“The ultimate goal is to help solve some of society’s problems by presenting viable alternatives.”

As well as considering new and classical concepts from the field of economic sciences, students will also be provided with up-to-date scientific data from natural and social sciences.

Students completing the AEMS summer school will be awarded five ECTS points. Training is provided entirely in English and is delivered by a consortium of Austrian universities, together with technical colleges, experts and NGOs.

As well as academic study, the course will provide a framework for cultural exploration. Activities include a tour of Vienna’s renowned wine villages. Seven hundred hectares of vineyards shape Vienna’s cityscape and lifestyle and the industry blends a long tradition with a young, urban vibe.

Places for the AEMS summer school are limited and the deadline for application is 15th June, 2015.

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