Finance and Insurance

This course provides you with an introduction to the contents of your business studies by discussing various relevant economic questions. We focus on problems that arise during the start-up and growth phases of an enterprise like legal challenges, financing decisions, the recruitment and management of employees as well as market analyses. We will give you the necessary tools to systematically acquire the central assumptions and concepts of the modern academic economic research. Additionally, you will learn to critically reflect entrepreneurial problems by preparing case studies on selected topics. Furthermore, the course incorporates organizational information regarding the structure of your studies.
Guest lectures as well as discussions with corporate executives on various lecture topics complement the course.

Zurück zur Übersicht

In this course we analyze and discuss different aspects which are essential and useful for advising clients in Private Banking.
Following a general introduction, we will analyze and discuss portfolio theory and its assumptions. To quantify investment success, applicable performance measures are introduced and the benefits and problems of benchmarks will be discussed. Financial options are introduced as the basis for the construction of a number of financial products.
In the second part of the lecture, we focus on implementing the learnings in practice by reviewing empirical studies. We compare the actual behavior of customers to the theoretical predictions and identify ways to convince them of a prudent asset allocation  (Behavioral Finance). To complement theory, we will include practitioners' lectures to various aspects of Private Banking.

Zurück zur Übersicht

This course provides you with a short overview of the institutional settings and the regulatory framework of our financial system. We will also analyze the microeconomic foundations of the existence of financial intermediaries and products. Especially since the financial crisis it is important to understand how bank runs can be prevented, what the advantages and disadvantages of a universal bank system are and how the system can be stabilized.

Additionally, we will look at the theory behind most important bank products (e.g. loans, deposits, derivatives). Guest lectures supplement the module with a practical view.

Zurück zur Übersicht

This course provides you with insights into neoclassical and modern theories as well as methods of contemporary decision sciences. In the first part of this course, we will focus on basic principles of decision theory based on normative rules. More specifically, we will introduce several models of decision making under risk or uncertainty and decision making under incomplete information. Moreover, we will give you an introduction to game theory and will discuss potential solutions that are based on static and dynamic properties.

In the second part of this course, we will contrast the extant theory with descriptive theories that describe how people actually make decisions. Especially, you will have a practical insight into important issues in decision science like prospect theory and the use of heuristics and related biases in intuitive decision making.

Zurück zur Überischt