Overview
What this challenge is about.
Analyze a simulated dataset for a Munich bakery chain to model minimum wage impacts on staffing, prices, and profits. Get a verifiable certificate.
The scenario
The chain, 'Bavarian Bakes', operates in Munich's competitive bakery market with thin profit margins (~5%). It relies heavily on minimum-wage workers and apprentices.
The Brief
What you'll do, and what you'll demonstrate.
What will be the likely impact of a €2 minimum wage increase on Bavarian Bakes' labor costs, employment, and profitability, and what strategic response minimizes negative effects?
Earning criteria — what you'll demonstrate
- Understand the theoretical and empirical effects of minimum wage on employment and firm behavior
- Apply labor demand elasticity concepts to a real business case
- Conduct cost-benefit analysis of labor market policies
- Communicate complex economic analysis to business decision-makers
Program Fit
Where this fits in your program.
Sharpens the same skills your degree expects you to demonstrate.
Aligned coursework coming soon.
Skills
Skills you'll demonstrate.
Each one shows up on your verified credential.
- Minimum Wage Analysis
Apply minimum wage analysis to solve real industry problems and demonstrate production-level capability.
- Labor Demand Modeling
Apply labor demand modeling to solve real industry problems and demonstrate production-level capability.
- Cost Benefit Analysis
Apply cost benefit analysis to solve real industry problems and demonstrate production-level capability.
- Policy Writing
Apply policy writing to solve real industry problems and demonstrate production-level capability.
Careers
Career paths this challenge builds toward
Completing this challenge demonstrates skills that transfer directly to these roles: