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This thesis contains two major parts: The first part introduces the reader into three independent concepts of treating strongly correlated many body physics. These are, on the analytical side the SO(5)-theory (Chap.3), which poses the general frame. On the numerical side these are the Stochastic Series Expansion (SSE) (Chap.1) and the Contractor Renormalization Group (CORE) approach (Chap. 2}). The central idea of this thesis was to combine these above concepts, in order to achieve a better understanding of the high-T_c superconductors (HTSC). The results obtained by this combination can be found in the second major part of this thesis (chapters 4 and 5). The main idea of this thesis, i.e., to combine the SO(5)-theory with the capabilities of bosonic Quantum-Monte Carlo simulations and those of the CORE approach, has been proven to be a very successful Ansatz. Two different approaches, one based on symmetry and one on renormalization-group arguments, motivate an effective bosonic Hamiltonian. In a subsequent step the effective Hamiltonian has been simulated efficiently using the SSE. The results reproduce salient experiments on high-T_c superconductors. In addition, it has been shown that the model can be extended to capture also charge ordering. These results also form a profound basis for further studies, for example one could address the open question of SO(5)-symmetry restoration at a multicritical point in the extended pSO(5) model, where longer ranged interactions are included.