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Methodenkompetenz
  • Understand how to manage risks with complex concepts and learn to connect the different roles of financial institutions.
  • Understand the logic and drivers behind current economic topics in financial services.
  • Apply methods and models on unknown decision situations. Find and calculate optimal hedging strategies.
  • Are able to write a term paper according to principles of scientific writing.
  • Develop abilities to understand and analyze mathematical relationships and models.
  • Summarize and explain their findings in a presentation.
  • Critically evaluate models and argue which of the models fits their needs best.
  • Evaluate the outcomes of their term paper
Fachkompetenz
  • Show expert knowledge in risk management and financial institutions and regulatory standards.
  • Characterize financial risk classes.
  • Interpret the results of relevant risk measures.
  • Describe pay off diagrams and valuation methods of derivatives.
  • Describe the use of derivatives to control risks.
  • Understand the role of different types of financial institutions.
  • Understand the difference between acting on financial markets and financial intermediation.
  • Describe the specific risks of financial intermediation.
  • Understand the main goals of bank regulations and the tools to reach them.
  • Describe and argue the importance of financial institutions for the whole economy.
  • Use risk measures to quantify risk and calculate them.
  • Find suitable hedging strategies.
  • Valuate derivatives with the model of arbitrage.
  • Apply the methods on a complex topic and are able to present the findings in a report
  • Identify potential sources of risks of financial institutions.
  • Apply the appropriate risk measures for specific risk classes.
  • Analyze the use of hedging strategies in given examples.
  • Find the fair value of derivatives by using parameters (Greeks).
  • Analyze specific risks of banks.
  • Identify the consequences of regulations.
  • Conceptualize a risk management process, which identifies and quantifies risks and displays the design/use of hedging tools and their valuation.
  • Design optimal processes to control for risk.
  • Combine the roles of financial institutions and legal regulations to understand financial markets.
  • Evaluate risk management processes.
  • Asses the consequences of regulations on financial institutions and the economy.
Selbstkompetenz
  • organisieren ihren Forschungsprozess (Literatursuche, Sichten, Ordnen, Schreiben)
  • können sich in Phasen der Überforderung auf die wesentlichen nächsten Schritte konzentrieren.
Sozialkompetenz
  • vermitteln anderen Studierenden die wesentlichen Punkte ihres Thesisprojekts
  • geben Feedback und unterstützen damit andere Studierende bei deren Exposé-Entwicklung
  • nehmen kritisch Stellung zu anderen Arbeiten, ohne dabei abwertend zu agieren.
Methodenkompetenz
  • wählen für ihr Thesisprojekt passende Methoden aus und rechtfertigen diese Auswahl
  • führen eine gezielte Literaturrecherche zur Untermauerung ihres Forschungsvorhabens durch
  • formulieren ein Exposé, in dem das Forschungsvorhaben beschrieben und begründet wird
  • halten sich bei der Erstellung des Exposés an die vorgegebenen wissenschaftlichen Standards
  • integrieren widersprüchliche Rückmeldungen in die Entwicklung ihrer Arbeit
Fachkompetenz
  • kennen die allgemeinen Grundlagen der wissenschaftlichen Methoden
  • formulieren eine Forschungsidee und begründen diese.
  • arbeiten sich von einer Forschungsidee zur Forschungsfrage für ihr Thesisprojekt vor.
  • grenzen eine Forschungsidee schrittweise zu einem realisierbaren Vorhaben ein.
Selbstkompetenz
  • Listen carefully, read and repeat, practice until they understand the logic and mathematics behind models.
  • Work together and motivate students who tend to give up as a reaction to the difficulty of mathematical problems.
  • Take responsibility and organize/explain solutions to others who have problems and tend to give up.
Sozialkompetenz
  • Understand and critically discuss the arguments of fellow students.
  • Work together in small groups to solve assignments and small examples discussed in class.
  • Evaluate the solutions of fellow students; explain carefully why they might be right or wrong.
  • Understand the flaws and problems of fellow students, reaction without offense.
  • React to other opinions and defend their solution without being offended.
Methodenkompetenz
  • Know the requirements for the basic models of portfolio optimization and market equilibrium theory.
  • Understand the implications and flaws of these models.
  • Apply these models in changing market conditions.
  • Find and use the model needed in a specific situation/setting.
  • Apply the models in individual assignments and in a group business game.
  • Evaluate outcomes and discuss them critically.
  • Understand the applicability and validity of the different models.
  • Evaluate models and decide upon which of the models fits their needs best.
Fachkompetenz
  • Know the basic asset classes and their respective financial instruments.
  • Know the difference between strategical and tactical asset allocation.
  • List the requirements and repeat the basic concepts of Mean-Variance Theory.
  • Know the difference between Sharpe-Ratio and Information-Ratio
  • List the requirements and how to derive the Capital Asset Pricing Model (CAPM).
  • Know how to extend the Single-index-Model to Multi-Factor Models.
  • Know the concepts of Arbitrage and how to derive the resulting model of Arbitrage Pricing Theory (APT).
  • Understand the basic financial instruments and their pricing.
  • Describe the optimal investment process.
  • Understand portfolio statistics and underlying statistical concepts.
  • Explain the difference between risky and risk-free assets.
  • Describe the outcomes of portfolio theory in a risk-return diagram.
  • Understand the concept of risk, its decomposition into unsystematic and systematic risk, and the effects of (naïve) diversification.
  • Understand the concept of beta in the Single-Index Model.
  • Understand the concept of beta and the market risk-premium in context of the Capital Asset Pricing Model.
  • Understand the concept of beta and factor portfolios in the Multi-Factor-Model.
  • Understand the concepts of Arbitrage.
  • Understand why APT is a much more general concept of market equilibrium than CAPM.
  • Understand the working and pricing of fixed income securities.
  • Understand the term structure of interest rates and their influence on the prices of fixed income securities.
  • Understand the implications of the Efficient Markets Hypothesis on financial markets.
  • Calculate the risk and return of financial instruments based on observable market values.
  • Calculate the Minimum-Variance-Portfolio.
  • Calculate the optimal risky portfolio.
  • Calculate the idiosyncratic and the market-specific risk of a portfolio.
  • Calculate an optimal portfolio in the context of Single-Index-Models.
  • Calculate the Security Market Line in the CAPM and derive Arbitrage Opportunities thereon.
  • Calculate Bond Yields, Duration and other measures of fixed income securities and fixed income portfolios.
  • Know how to design an event study to test and identify flaws of the Efficient Market Hypothesis.
  • Perform financial statement analysis.
  • Estimate Index-Models, and how to derive an optimal portfolio in this context.
  • Analyze financial instruments in the common context of Mean-Variance Theory.
  • Understand the Two-Fund Separation Theorem and derive the Capital Market Line.
  • Find Arbitrage Opportunities.
  • Relate different concepts of market equilibrium.
  • Identify and exploit arbitrage opportunities.
  • Identify the efficiency of financial markets.
  • Combine different assets in an optimal portfolio.
  • Relate the concept of the risk-return tradeoff to the optimal allocation of assets.
  • Relate the concept of the Efficient Market Theory to observed market conditions.
  • Evaluate the different models in the context of changing market conditions.
  • Decide upon investment opportunities by evaluating any type of equity and fixed income securities.
  • Evaluate equity and fixed income instruments.
  • Evaluate optimal allocations of assets in the Markowitz Context.
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