The course provides an overview of the institutions, programs and degrees in German higher education as well as the structure and underlying principles of research funding in Germany. After the introductory lecture many abbreviations will no longer sound like words from a foreign language to you. The talk is followed by a discussion, e.g., about the way the German system of higher education works and in which direction it might develop in the upcoming years. As the agenda in this interactive part is set up by the participants you are invited to bring in your questions and concerns. The course will help you to manage the funds for your research group in an effective way and to plan institutional development in a sustainable way.