Econometrics
Econometrics
Module Coordinator/Lecturers
Study Programmes
Masterstudiengang Finance (MSc FI 20)
(01.09.2020)
Project Description
- Students will study the concepts of regression and classification problems (supervised learning) as well as principal components and clustering (unsupervised learning).
- In parallel, they will learn how to work with financial data with all its pitfalls, cover univariate and multivariate time series models of the mean and volatility and correlations, as well as model long-run relationships.
Teaching Method
Lecture
Learning Results
- Students understand and can apply simple and multiple linear regressions as well as corresponding diagnostic tests.
- Students understand the pitfalls related to financial time series and know the corresponding methods and tools to overcome them.
- Students understand the concepts of supervised and unsupervised learning, can give examples and apply such methods to financial datasets.
- Students understand when to use univariate end multivariate time series models, know how to test and implement them and can interpret the output of such models.
- Students can explain co-integration and how it relates to univariate stationarity and apply the necessary testing algorithms.
- Students understand and know how to implement models of univariate and multivariate volatility.
C15 Research Greenhouse
C15 Research Greenhouse
Module Coordinator/Lecturers
Study Programmes
Masterstudiengang Finance (MSc FI 15)
(01.09.2015)
Masterstudiengang Finance (MSc FI 20)
(01.09.2020)
Project Description
- Developing research questions and hypothesis
- Designing qualitative and quantitative research
- Writing and communicating research proposals
Teaching Method
Seminar
Learning Results
- Students conduct structured literature reviews and identify research gaps.
- Students derive research questions and testable hypotheses, motivated on the basis of existing literature.
- Students select and apply appropriate methods to answer the hypotheses.
- Students will produce rigorous research proposals in the area of finance.
- Students will effectively communicate academic research proposals.
Grade
The thesis process starts immediately after the deadline of the Exposé.
Pension Finance
Pension Finance
Module Coordinator/Lecturers
Study Programmes
Masterstudiengang Finance (MSc FI 15)
(01.09.2015)
Masterstudiengang Finance (MSc FI 20)
(01.09.2020)
Project Description
- Modelling the Human Life Cycle
- Models of Human Mortality
- Valuation Models of Deterministic Interest
- Models of Risky Financial Investments
- Models of Pension Life Annuities
- Models of Life Insurance
- Models of DB vs. DC Pensions
- Sustainable Spending at Retirement
- The Liechtenstein Pension System
Teaching Method
Lecture
Learning Results
Students …
- have a solid background in financial decisions regarding longevity and retirement,
- combine valuation techniques from finance with those from actuarial mathematics,
- understand the effects of longevity, bequest motive, and risk-return trade-off on the corresponding choices made by individual investors,
- understand and apply life-cycle models of individual investors,
- distinguish between DB and DC pension plans and understand their respective implications,
- combine financial models with models for longevity risk,
- select appropriate financial instruments for individual pension planning and justify this selection economically,
- understand the Liechtenstein pension system and can compare it to systems in other countries.
Literature
Milevsky, M.A. (2006). The Calculus of Retirement Income. Cambridge University Press
Journalistisches Instrumentarium
Journalistisches Instrumentarium
Module Coordinator/Lecturers
Study Programmes
Zertifikatsstudiengang in Journalismus und Public Relations (JourPR 12)
(01.07.2012)
Project Description
Differenzen zwischen Journalismus und PR; Unternehmenskommunikation, Basis der PR: Von der Presseaussendung bis zur Medienkonferenz, Storytelling in der Medienarbeit, Planung einer NGO-Kampagne
Learning Results
- erkennen Grenzen zwischen Marketing und PR
- erkennen Gemeinsamkeiten in Journalismus und PR (Relevanzkriterien, Wahrheitspflicht usw.)
- erkennen Trennendes in Journalismus und PR (objektiv/Interessen)
- erläutern nach Betriebsbesuch, wie internationale Konzernkommunikation funktioniert
- Führen in Gruppenarbeit eine PR-Kampagne von der Medienmitteilung bis zur Durchführung einer Medienkonferenz und Onlinebegleitung aus
- identifizieren Regierungs-PR in internationaler Berichterstattung (USA, Syrien, Ukraine, Russland,...)
- entwickeln Thesen für ein NGO-Konzept
- beurteilen konkrete vergangene Krisen auf gelungene7misslungene Konzernkommunikation
Relevanz und Objektivität
Relevanz und Objektivität
Module Coordinator/Lecturers
Study Programmes
Zertifikatsstudiengang in Journalismus und Public Relations (JourPR 12)
(01.07.2012)
Project Description
Fakten und Meinung, Medienlandschaft Liechtenstein, kritische Distanz, Ethik und Selbstverständnis, Pressefreiheit vs. Privatsphäre
Learning Results
- zählen Kriterien für Qualitätsjournalismus auf
- zerlegen Texte verschiedener Medien auf Einhaltung ethischer Kriterien, rechtlicher Aspekte und Wahrung der Privatsphäre jener Personen, über die berichtet wird
- erkennen Schwächen von Texten sogenannter Qualitätserstattung zu ein um demselben Thema in verschiedenen Medien
- erarbeiten Texte zu juristisch heiklen Themen
- schlagen vor, wie auf spannende Informationen aus Leserbriefen reagiert werden sollte
- beurteilen Blogs, Print-Texte auf rechtliche und ethische Aspekte
Investment Strategies and Asset Management
Investment Strategies and Asset Management
Module Coordinator/Lecturers
Study Programmes
Masterstudiengang Finance (MSc FI 20)
(01.09.2020)
Project Description
Paper-based preparation of topics, strategy implementation and testing, presentation and discussion
- Investment Strategies by Asset Class: Equity, Fixed Income, Derivatives Strategies
- Investment Strategies for Different Economic Environments
- Asset Management Practice
Teaching Method
Exercise
Learning Results
Know the state-of-the-art regarding risk/profit drivers in financial markets
- Devise, justify, implement, and test investment strategies for different asset classes and economic environments (inflationary/deflationary, expansion/recession, etc.)
- understand exactly how investors try to achieve profits using different asset classes
Alternative Investments
Alternative Investments
Module Coordinator/Lecturers
Study Programmes
Masterstudiengang Finance (MSc FI 15)
(01.09.2015)
Masterstudiengang Finance (MSc FI 20)
(01.09.2020)
Corporate Governance
Corporate Governance
Module Coordinator/Lecturers
Study Programmes
Masterstudiengang Finance (MSc FI 20)
(01.09.2020)
Project Description
- Role and Responsibility of Owners
- Practice of Right of Control for Various Actors
- Board structures and diversity
- Theory, Principles, and World-Views
- The Ethical Leader: Self-Mastery and Ethics, Mind-Sets
- Corporate Ethics: Shared Values, Professionalism (as part of Standards of Professional Conduct)
Teaching Method
Lecture
Learning Results
Students …
- illustrate the role and responsibility of corporate owners
- explain the right of corporate control
- describe the problem of free riding
- understand the origins, discipline and business case of ethics
- discuss defined moments such as ethical dilemma in the corporate context
- familiarize with the standards of professionalism in particular
Corporate Finance
Corporate Finance
Module Coordinator/Lecturers
Study Programmes
Masterstudiengang Finance (MSc FI 20)
(01.09.2020)
Project Description
- Cost of capital and capital budgeting
- Discounted cash flow valuation and financial multiples
- Payout policy
- Equity and debt financing
- Applications of option pricing theory
- Corporate control and recapitalizations
- Enterprise Risk Management
Teaching Method
Exercise
Learning Results
- Are able to apply relevant concepts of corporate finance on an advanced level
- know how to integrate and implement theoretical knowledge in solving practical problems
- are able to explain coherences in financial divisions of undertakings active in global competition
- expand the ability to participate in a critical dialogue within the framework of a team project
- describe enterprise risk management (ERM) and compare and contrast differing definitions of ERM
- distinguish between components of an ERM
- compare the benefits and costs of ERM and describe the motivations for a firm to adopt an ERM initiative
- describe the role and responsibilities of a chief risk officer (CRO)
- assess how the CRO should interact with other senior management
Extracurriculare Veranstaltungen
Extracurriculare Veranstaltungen
Module Coordinator/Lecturers
Study Programmes
Masterstudiengang Finance (MSc FI 15)
(01.09.2015)
Masterstudiengang Finance (MSc FI 20)
(01.09.2020)
Project Description
Extracurriculare Activities comprise of various activities that are not linked to the Curriculum of the MSc in Banking and Financial Management, which are optional and further support the studying of the Master programme.