As part of their immersive learning experience, the MBA students of Pforzheim University recently embarked on a thought-provoking field trip to the DDR Museum in Pforzheim. Guided by Professor Hanno Beck, an esteemed expert in economics, the visit offered students a unique opportunity to explore the intricacies of the Deutsche Demokratische Republik (DDR) and its centrally planned economy.

Understanding the Economic Realities of the DDR
The DDR Museum, renowned for its interactive exhibits and focus on daily life in East Germany, provided the perfect setting for the students to delve into the mechanics of a centrally planned economy. Under the guidance of Professor Beck, the group examined the foundational principles of this economic system, contrasting it with contemporary market-driven economies. Through exhibits and discussions, they gained insights into the economic policies that shaped industries, trade, and resource allocation in the DDR.

The Social and Cultural Impact of Economic Policies
Beyond the technical aspects of economics, the students explored how the DDR’s centrally planned economy influenced the lives of its citizens. They engaged with exhibits that showcased everyday objects, housing arrangements, and cultural artifacts, shedding light on how government policies impacted social structures, lifestyle choices, and community interactions.
This holistic perspective underscored the interplay between economics and society, offering a profound understanding of how economic systems can shape and constrain the human experience.

A Journey Through History with Modern Relevance
The visit to the DDR Museum was more than just a trip through history—it was a practical exercise in connecting the past to the present. The insights gained about economic planning, social consequences, and cultural adaptation served as valuable lessons for the MBA students, who are preparing to navigate the complexities of today’s global economic landscape.
Professor Beck’s expertise and the museum’s engaging exhibits provided an enriching experience, fostering critical thinking and discussions among the students about the trade-offs inherent in different economic systems.

A Thoughtful Reflection
This field trip was a testament to Pforzheim University’s commitment to combining theoretical knowledge with practical insights. By examining the past, the MBA students are better equipped to understand the challenges and opportunities of shaping economic policies that balance efficiency, equity, and societal well-being.
The Pforzheim MBA program extends its gratitude to Professor Hanno Beck for leading this enlightening excursion and to the DDR Museum for offering a fascinating glimpse into a pivotal chapter of economic history. This memorable experience has undoubtedly broadened the horizons of the students, inspiring them to think critically and innovatively in their future positions in the world of business and economics.

text and photos: Fei Teng and Avik Chakraborty, MBA Class of 2026