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Methodenkompetenz
  • reflect upon the basic types of research design.
  • interpret and explain the prerequisites of research strategies.
  • apply the basic research approaches to new problems.
  • compare alternative research approaches, identify similarities and differences.
  • summarize and evaluate the various research approaches.
  • determine if certain models (i.e. approaches) can be implemented in concrete situations and choose an appropriate model/approach for the situation under research.
Fachkompetenz
  • know the most important methodological approaches and instruments of social sciences
  • understand the relevant influencing factors of research decisions, describe the most important approaches for various problem situations
  • correctly implement methodological instruments and approaches
  • identify the relevant influential factors in the research process, analyze the consequences of methodological decisions on the research process and results
  • develop appropriate research designs dependent on the research question
  • assess research approaches and evaluate their suitability in various situations
Selbstkompetenz
  • Notice their own learning aptitude and willingness to learn new things.
  • Communicate autonomously, reflect their own actions carefully and are able to assess themselves able to assess themselves realistically.
  • Assume responsibility because of their self-discipline and flexibility.
  • Stand out due to their enthusiasm, sense of duty and reliability.
  • Advance their enthusiasm and affect their willingness to learn new things.
Sozialkompetenz
  • Listen carefully to understand and interpret the arguments of the lecturer and fellow students.
  • Interpret arguments and facts during presentations of the lecturer and fellow students and react with critical questions. Improve communication skills by debating their point of view in discussions during the lecture.
  • Team building and group works.
  • Organize group work.
  • Have their own proposals for solutions and are able to defend and explain their ideas.
Methodenkompetenz
  • Are aware of sources of information regarding financial markets, financial institutions, financial assets and clients.
  • Know how to find the sources of law (statutes etc.) and the relevant literature databases.
  • Understand the implementation of financial models for analysing financial markets, institutions and clients.
  • Practice the application of fundamental concepts such as investment and portfolio theory in a complex wealth management processes.
  • Solve practical cases by interpreting the sources of law.
  • Develop abilities to analyse the needs and constraints of clients in the private banking business and assess the suitability of different products.
  • Are able to interpret the corresponding sources of law.
  • Seek differences and convergences of instruments to administer assets.
  • Create concepts to establish and organize the different instruments to manage assets by interpreting the corresponding sources of law.
  • Evaluate the clients' needs with regard to risk/return and assess the suitability of investment products, strategies and asset allocations.
  • Judge practical cases by interpreting the corresponding sources of law in the scope of due diligence, financial supervision and the different asset management instruments.
Fachkompetenz
  • Know the relevance of efficient financial markets and financial intermediaries for economic welfare.
  • Are aware of the characteristics of direct and indirect finance.
  • Know the characteristics of different asset classes.
  • Know relevant concepts of asset allocation and modern portfolio theory.
  • Gain basic knowledge about the role of wealth management and private banking in comparison to the traditional banking business.
  • Are aware of typical goals, constraints and other characteristics of clients in the private banking business.
  • Know the basic principles of the law of asset and fund management.
  • Know the application areas and the basic principles of the different instruments to administer assets.
  • Understand models that address the role of direct and indirect finance and their implications for economic welfare.
  • Understand the structure of the banking industry and fundamentals of bank management.
  • Understand the relationship between risk and return of financial assets.
  • Explain the basic concept of modern portfolio theory.
  • Characterize and define the private wealth management process.
  • Understand the goals and life-cycle needs of clients and describe different tools for the profiling of private banking customers.
  • Describe the role of investment theory for the asset allocation and portfolio formation in the private wealth management process.
  • Describe the application areas and target groups of due diligence.
  • Explain the different duties of due diligence.
  • Circumscribe the organization and competences of the financial supervision.
  • Explain the structure and typical application of the different instruments to administer assets.
  • Understand the basic structure of the sources of law.
  • Infer return and risk objectives according to the characteristics of clients.
  • Apply the fundamentals of investment and portfolio theory to implement an adequate asset allocation.
  • Practice their new skills with case studies.
  • Analyse the risk and return characteristics of financial assets.
  • Assess clients' ability to take risk and compare it with their willingness to take risk.
  • Analyze the specific duties of due diligence in comparison to the competences of the financial supervision.
  • Compare the different instruments to administer assets.
  • Combine concepts of financial intermediation and investment theory in a comprehensive wealth management process.
  • Create concepts about the establishment and organization of financial intermediaries in the field of asset management.
  • Review a portfolio or asset allocation particularly with regard to the risk/return characteristics of the underlying assets and the goals/constraints of customers.
  • Find suitable solutions by judging the special facts of a case.
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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