• Introduction to taxation of individuals and legal entities in selected jurisdictions: FL, AT, CH, DE
• Application of Double Tax Treaties, Exchange of Information and Mandatory Disclosure Obligations
• National and international taxation of Wealth Structures incl. their Settlors and Beneficiaries
• International Tax Planning and Investment Hubs: CH, FL, HK, IRL, LU, SG
• International Wealth Tax Management of UHNWI with Wealth Structures
• Onboarding of Private Clients (UHNWI) with Wealth Structures: Input Statements by banks & trustees
• Case studies on International Tax Planning of Private Clients (UHNWI) with Wealth Structures and Investments in Participations, Private Equity, Financial Instruments, Real Estate and Tangible Assets
• CFA level III: Topics in Private Wealth Management

Interactive lecture with input statements from local banks, trustees and asset managers

After successful completion of this module, students

• are familiar with tax features of several selected jurisdictions regarding individuals and legal entities;
• are familiar with the characteristics of the various legal entities and financial instruments as well as the national and international links to taxation of asset investments and structures;
• understand the legal basis of asset investments and structures, including tax directives and tax agreements;
• are familiar with practical implications of onboarding private clients with wealth structures
• are familiar with the most common wealth structures used on international tax planning for private clients

see course(s) within the module

Für die Anmeldung zum Modul Research Methods II muss das Modul Research Methods I erfolgreich absolviert sein.

This course is provided through Coursera and is offered by the University of Virginia.

The Economics of AI

The course introduces you to cutting-edge research in the economics of AI and the implications for economic growth and labor markets. We start by analyzing the nature of intelligence and information theory. Then we connect our analysis to modeling production and technological change in economics, and how these processes are affected by AI. Next we turn to how technological change drives aggregate economic growth, covering a range of scenarios including a potential growth singularity. We also study the impact of AI-driven technological change on labor markets and workers, evaluating to what extent fears about technological unemployment are well-founded. We continue with an analysis of economic policies to deal with advanced AI. Finally, we evaluate the potential for transformative progress in AI to lead to significant disruptions and study the problem of how humans can control highly intelligent AI algorithms.

Instructor: Anton Korinek, University of Virginia

This module consists of 6 courses.

Course 1: What is Intelligence?
Course 2: Modeling Technological Progress
Course 3: AI and Economic Growth
Course 4: Labor Markets and Inequality
Course 5: Economic Policy in the Age of AI
Courses 6: The Economics of Transformative AI

The course starts on 10th of February 2025.
The course must be completed by 23rd of May 2025.

All parts of this course are free of charge.

Online courses

You learn how advanced artificial intelligence will affect our economy and our society.

see the course descriptions

Attenance min. 80% mandatory

Grading

This course is designed to guide MSc in Finance students through the essential steps and processes of creating and
developing a start-up in the finance sector, with a special focus on fintech start-ups. Students will learn about idea
generation, business model development, financial planning, and market analysis. The course is highly interactive
and practical, involving workshops, case studies, and hands-on projects to help students transform their ideas into
viable business plans.

Key topics covered in this course include:

• Idea generation
• Business model development
• Financial planning
• Market analysis
• Fintech start-ups
• Workshops
• Case studies
• Hands-on projects

• The course involves interactive seminars with workshops and regular presentations.
• The faculty and a jury of representatives from regional companies evaluate the students’ solutions interms of innovativeness and usefulness and provide them with feedback and advice.

After successful completion of the course, students will

Professional competence

• understand the start-up creation process.
• apply business model development techniques.
• analyse financial planning for start-ups.
• evaluate market opportunities in the finance sector.

Methodological competence

• create viable business plans.
• apply market analysis techniques.
• develop financial projections and budgets.

Social competence

• collaborate effectively in entrepreneurial teams.
• communicate start-up ideas and plans persuasively.
• analyse and incorporate feedback from peers and mentors.

Personal competence

• develop entrepreneurial thinking and mindset.
• improve problem-solving skills.
• enhance creativity in business development.

tudents are provided with the lecture slides and supplementary material (e.g., selected journal articles).

Presentations (30%), Business Plan (70%); Attendance is mandatory (80%)

• Fundamentals of online trading (esp. e-commerce)
• Economical, legal and ethical aspects of e-commerce
• Business models differentiation of Business-to-Business (B2B) and Business-to-Consumers (B2C)
• Architectures and functionalities (especially marketing, security and payment systems)
• Technologies (intranet, extranets, web shops, collaboration systems and social media,
• E-government
• Case study

Enrollment from WS23/24
These admission requirements:

• To register for modules in the specialization, the modules Statistics, Business Mathematics, and English I must have been successfully completed.
• In addition, the module Information Systems must be successfully completed in order to register for the IMIT specialization.

Enrollment before WS23/24
Either the above admission requirements or:

• To register for fifth semester modules, all modules from the first year of study must be successfully completed.
• Elective courses are not taken into account for these regulations.

This course introduces students to the fundamental principles and techniques of financial statement analysis. It aims to equip students with the skills necessary to interpret and analyse financial statements, understand the financial health of a company, and make informed financial decisions. The course covers key topics such as financial reporting standards, income statements, balance sheets, cash flow statements, and financial ratios.

Key topics covered in this course include:

• Introduction to financial statements
• Financial reporting standards
• Income statement
• Balance sheet
• Cash flow statement
• Financial ratios
• Interpretation and analysis

• Interactive Lecture

After successful completion of the course, students will

Professional competence

• understand financial reporting standards.
• apply techniques for analysing financial statements.
• evaluate the financial health of a company.
• analyse financial ratios.

Methodological competence

• create financial statement analyses.
• evaluate income statements, balance sheets, and cash flow statements.
• apply ratio analysis techniques.

Social competence

• discuss financial analysis concepts with peers.
• communicate financial analysis findings effectively.

Personal competence

• develop critical thinking related to financial data.
• improve decision-making skills based on financial analysis.

• Students are provided with the lecture slides and supplementary material (e.g., selected journal articles).

Final written exam

This optional module, allows for various kinds of research studies in collaboration with planned or ongoing research projects. It is closely linked to the five units of the School of Architecture and is undertaken individually or in small teams of students. Supervision consists of guiding students towards clear results in a particular area of research. The research project is reviewed before a panel of experts from the supervising research unit.

Built Heritage & Upcycling Unit:
Whenever there was a shortage of building materials in history, creativity was called for and a circular approach was often the answer. In the 16th century, the Frenchman Philibert de l'Orme invented a new construction method, known as "à petit bois", in which large roof surfaces were built from small pieces of wood. Instead of comprehensive designs, his architectural work was characterized by adapting, integrating and building on. We examine de l'Orme's circular approaches using the example of the roof truss of the Caserne Rochambeau in Mont-Dauphin (F). Could this method be one of the earliest concepts for planned circular building solutions?

Research or design studies defined by research units and under the guidance of mentors, usually closely related to current research projects, developed individually or in groups. The offers of the research semester vary each semester depending on the units and are coordinated with the academic director of the Master's degree programme.

Relevant reading will be made available at the beginning of the course. A list of recommended literature will be announced in the course and updated on an ongoing basis.

Minimum 75% compulsory attendance, continuous assessment and regular meetings with instructors.
The final grade is calculated according to the weighting of the following com-ponents: final submission (80%) and oral presentation (20%).

Individual appointments will be set with the tutor; group projects are also possible, as well as group work with individual submissions;

Start, final submission and presentation can be individually
defined with the respective tutors.

Registration via the intranet of the University of Liechtenstein is not binding and is only valid in combination with the written consent of the respective unit. This applies to all Individual Electives in the Master's degree programme in Architecture.

Financial Economics provides an introduction to concepts that are fundamental to the understanding of financial decision making.

Key topics covered are:

• Introduction to financial economics
• Equilibrium and arbitrage
• Valuation
• State prices
• Risk-neutral probabilities
• Expected utility, risk aversion, mean-variance theory
• Optimal portfolios

• Interactive lecture
• Exercises to be solved individually or in groups between classes.

After successful completion of the course, students will

Professional competences

• explain the implications of portfolio restrictions in financial markets to clients.
• apply the classical models of risk and risk aversion to practical financial decision making.

Methodological competences

• solve consumption-investment problems in discrete-time market models.
• understand basic principles in financial economics (e.g., absence of arbitrage) and apply them in discretetime market models.
• link absence of arbitrage, state prices and risk-neutral probabilities in complete and incomplete markets
• understand the classical models of risk and risk aversion.

Technological competences

• use R for simple calculations.

LeRoy, S. F., & Werner, J. (2014). Principles of financial economics (2nd ed.). Cambridge: Cambridge University Press

This optional module allows for various kinds of research studies. It is closely connected to the five units of the Liechtenstein School of Architecture and is usually part of ongoing research projects. The supervision consists of directing the students towards clear results within a given field of research. The individual study is reviewed within the respective unit.

Sustainable Design Unit:
Research in Sustainable Architecture - Focus on Fluidglass This elective module invites participants to explore the transformative potential of Fluidglass technology within the realm of sustainable architecture. In alignment with the ongoing research at the LSA, this module allows you to examine how innovative facade technologies such as Fluidglass can influence the future of construction. Participants will have a unique opportunity to contribute to the advancement of Fluidglass in the context of sustainability and contemporary building practices. Depending on the desired credit allocation, tailored work packages will be developed. These may include an exploration of current advancements in facade technology, competitor and market analyses, or technical and cost simulations. Your interests and prior knowledge will be taken into account during the initial phase of the project. Participants will engage in self-directed research, working either individually or in collaborative groups. The scope of your work will be customized to meet the specific requirements of your selected work packages and will be guided by the research unit. While there are no formal prerequisites for this module, it is advisable to undertake it in the third semester to build upon foundational knowledge. Essential literature and resources will be provided at the commencement of the course, with regular updates throughout the semester to support your work and great importance is placed on equipping the participants with a strong foundation for future projects and scientific work in the field of sustainability.

Self-defined design or research studies, developed individually or in groups agreed upon with research units and under the guidance of mentors. The size of the module is determined by the respective unit.

After successful completion of the course, students will be able to

Relevant reading will be made available at the beginning of the course. A list of recommended literature will be announced in the course and updated on an ongoing basis.

Minimum 75% compulsory attendance, regular meetings with instructors, continuous assessment, portfolio and final review.
The final grade is calculated according to the weighting of the following components: final submission (80%) and oral presentation (20%).

Individual appointments will be set with the tutor.

Group projects are also possible, as well as group work with individual submissions.

This optional module allows for various kinds of research studies. It is closely connected to the five units of the Liechtenstein School of Architecture and is usually part of ongoing research projects. The supervision consists of directing the students towards clear results within a given field of research. The individual study is reviewed within the respective unit.

Built Heritage & Upcycling Unit:
Modern architecture came to Liechtenstein in 1924: on a bicycle in the form of the young German architect Ernst Sommerlad. Sommerlad reinterpreted international modernism for the Alpine region and created dozens of residential buildings in the Principality as well as in Appenzell, St. Gallen, Graubünden and Vorarlberg. On the occasion of a scientific symposium at the University of Liechtenstein in fall 2025, we are taking a close scientific look at Sommerlad' s broad and exciting oeuvre in cooperation with the state and the OST (Eastern Switzerland University of Applied Sciences). Be part of it!

Self-defined design or research studies, developed individually or in groups agreed upon with research units and under the guidance of mentors. The size of the module is determined by the respective unit.

After successful completion of the course, students will be able to

Relevant reading will be made available at the beginning of the course. A list of recommended literature will be announced in the course and updated on an ongoing basis.

Minimum 75% compulsory attendance, regular meetings with instructors, continuous assessment, portfolio and final review.
The final grade is calculated according to the weighting of the following components: final submission (80%) and oral presentation (20%).

Individual appointments will be set with the tutor.

Group projects are also possible, as well as group work with individual submissions.