• Function of Financial Markets
• Regulation of the Financial System
• Monetary Policy
• Banking Regulation
• Going Public, IPO`s
• Underpricing and Underperformance
• Merger and Acquisitions Process
• Merger Motives
• Defence Measures
• The Role of Investment Funds in Investment Banking
• Hedge Funds and Private Equity Funds

Interactive lectures, exercises, business-scene simulation

After completion of the module, the students have at their disposal comprehensive knowledge in the specialised area of investment banking, so that they are readily able to integrate theoretical knowledge of financial markets and relate various views to each other. They understand how both subject areas are connected and are able to mirror the current state of research.

Furthermore, they conduct research projects within a specified framework, while applying advanced investigative techniques. Thus they identify and define new and abstract problems and develop appropriate solutions in dealing with them. Their detailed solutions, developed together with colleagues as well as peers, are presented to an audience of experts.

Web-based online evaluation upon completion of module

• Instruments on the Futures Market: Forwards, Futures, Options and Swaps
• Significance of Yield Curve
• Evaluation of Forwards, Futures and Swaps
• Characteristics of Option Prices
• Evaluation of Options According to Black/Scholes and Binomial Model
• Derivative Elements in Structured Products
• Greeks and Volatility Smiles
• Exotic Options
• Selected Aspects of Risk Management (e.g. Value at Risk, Backtesting, Stress Testing)
• Hedging Strategies
• Financial Engineering of Various Finance Instruments
• Operational Risk

Interactive lectures with exercises

After completion of the module, the students recognise the most significant derivative instruments and the particularities of financial engineering. They have at their disposal comprehensive knowledge of the significant principles governing determination and evaluation of derivatives and are able to mirror the current stage of research on financial engineering.

Additionally, they master advanced hedging procedures, which they apply in a target-oriented manner in the areas of risk management. Because of their acquired specialised knowledge, they are able to meet complicated challenges in financial engineering. They are also able to identify and conceptualise abstract problems, such as the preparation of a special risk-profit profile and handle Operational risk.

• Utilising and identifying financial instruments and their application in practice
• Taking into consideration the yield curve in the evaluation of derivatives and relating to it
• Differentiating valuation approaches for forwards, futures, swaps and options as well as exotic options.
• Explaining the use of Greeks and volatility smiles
• Illustrating the fundamentals of risk management
• Contrasting special risk management concepts
• Developing and examining hedging strategies as a means of risk reduction
• Analysing financial engineering for various financial instruments
• Cope with Operational risk

• Written examination with 80 minutes editing time (2/3 of final course grade)
• Assignment (1/3 of final course grade)

Web-based online evaluation upon completion of module

• Global Financial Environment
• International Parity Conditions and Exchange Rates
• The Foreign Exchange Market and Derivatives
• Foreign Exchange Exposure
• Financing and Investing in the Global Firm
• Working Capital Management
• Investment and Financing Decisions in Entrepreneurial Settings
• Deal Structuring
• Evaluation Instruments for Entrepreneurial Ventures
• Evaluation Instruments for Financial projections
• Discussion of the Methods of Individually Selected Journal Articles

Interactive lecture, exercises, seminar

After completion of the module students have at their disposal a comprehensive and integrated knowledge of the majority of core issues in International Business Finance und Entrepreneurial Finance and have an analytical comprehension of the procedures and methods. With their acquired knowledge and abilities they are able to independently solve problems in the discussed field.

Students can apply procedures and techniques that are specialised and consistently state-of-the-art and identify, conceptualise and define new and abstract issues and problems in international corporate finance and entrepreneurial finance and communicate comprehensively with professionals and laities.

As part of the final assignment participants prepare research papers on assigned topics or smaller empirical or analytical research projects, and apply exact technical procedures and methodologies and show their capability to deliver and explain results of their own seminar project in a presentation and in a question and answer session. Students are able to communicate on a professional level reflecting various degrees of expertise in front of an audience of specialists and critically comment on projects of other seminar participants and verify their remarks.

Web-based online evaluation upon completion of module

• Finanzwirtschaftliche Steuerungskonzepte eines Unternehmens anwenden.
• Investitionen, Finanzierungen, Ausschüttungen.
• Methoden des Risikomanagements nutzbringend einbringen.
• Die finanzielle Performance eines Unternehmens im Innen- und Aussenverhältnis darstellen.
• Umsetzung eines Performance Reporting Projektes

Die Modulnote setzt sich zu 50 % (120 min) aus der Lehrveranstaltung finanzielle Unternehmensführung und zu 50% aus dem Projekt Performance Reporting zusammen.

International management entails a set of managerial challenges linked to international economics such as evaluating diverse political environments and considering the impact of macro-economic policies, currency fluctuations and trading regimes on business strategy and operations.

The module begins with an examination on how national policies can, in theory, shape international trade and constrain the climate for international business. In a second step, it extends this analysis to the international system discussing the role of international arrangements and institutions, e.g. the WTO, on international trade and investment.

Using a series of country-based case studies, students will then investigate how firms feel and master the impact of government policy and institutional set-ups in a specific nation state or economic region, for example China, India, the Arab World and South-America.

Contents of the module are:

• Sources of international comparative advantages (differences in natural resources, technology and factor endowment)
• Principles of strategic trade theory and geographic economic integration
• Goals, instruments and impact of modern international trade policy in industrial and emerging economies
• International trade agreements and organisations

Interactive lectures, exercises

The purpose of this module is to enable students to understand the challenges of international trade and investment and to analyse the opportunities they represent concerning a specific nation state or a wider economic region.

• Explain fundamentals of neo-classical and strategic trade theories
• Distinguish implications for national trade policies
• Illustrate main themes and debates in international economics
• Assess the impact of macroeconomics, political forces and international agreements on firm strategies and competition in a specific nation-state or economic region

Die maximale Korrekturzeit beträgt 6 Wochen. Sollten bis zu diesem Zeitpunkt die Noten nicht im Intranet zur Verfügung stehen wenden Sie sich bitte direkt an die Modulleitung.

Web-based online evaluation upon completion of module

This module consists of elective courses. Please register for one of the lectures offered.

• International Market Environment (Insights into International Marketing, Trade Organisations and Trade Policy, Intercultural Aspects, Economic Environment, Political and Legal Framework Conditions)
• International Market Entry and Development of Markets (Organisation, Implementation and Control, Market Research, Market Entry and Expansion)
• Export Marketing Mix (Product Adaptation, Pricing, Marketing Communication, Distribution Management)
• Global Marketing Mix (Global Product Management and Global Brand Development, Global Services, Global Logistics and Purchasing, Global Pricing, Global Communication Policy)

During the educational journey “Discover New Markets” the theories and fundamentals of “International Entrepreneurship” are applied and expanded. Debriefings are conducted by the lecturer.

During the educational journey “Discover New Markets” the lecture content is intensified and deepened through treatment of business problems resulting in the following leaning outcomes and requisite skills:

• The educational journey “Discover New Markets” provides the participants with practically relevant insights into internationalisation in new, developing markets. The study trip is conducted in China, India or South America on an alternating basis.
• Through university lectures and talks with entrepreneurs, the students are provided with insight into the most significant influential factors impacting business dealings in a selected international market.
• The students are taught practically relevant implementation processes for internationalisation, including explanations of country-specific business customs, negotiation practices, intercultural particularities, market entry strategies and shifting of individual units in the value added chain.

Social and Methodological Skills

• The students receive the opportunity of directly applying their knowledge accrued from the lectures to everyday business dealings in a foreign destination.
• The students practice their intercultural skills in direct contact with foreign cultures and market conditions.

Examination through written assignments, quality of project work and engagement in discussions.

• Zusammenhang zwischen Wachstum und Finanzierungsbedarf
• Abstimmung von Investitions- und Finanzierungsentscheidungen im Unternehmen
• Finanzierungsquellen im Überblick und deren Anwendung für Unternehmen in der Wachstumsphase
• Kenntnisse von Lösungsansätzen für Probleme aufgrund von Informationsasymmetrien zwischen Kapitalgebern und Entrepreneur
• Steuern bei Wachstumsunternehmen
• Verhandlungstechniken

Interaktive Vorlesung mit Übungen, Impulsreferate von Unternehmern und Finanzdienstleistern, komplexe Fallstudien in Gruppen

Die Lernergebnisse des Moduls sind:

• Finanzwirtschaftlich relevante Themen bei der Wachstumsfinanzierung beschreiben
• Finanzierungsquellen und Finanzierungsinstrumente bewerten
• Mezzanine-, Kreditfinanzierung, Leasing, Factoring, Private Equity sowie die Finanzierung über die Börse analysieren
• Lösungsansätze für Probleme aufgrund von Informationsasymmetrie zwischen Kapitalgebern und Entrepreneur aufzeigen
• Relevante Aspekte der Besteuerung in einem Wachstumsunternehmen darlegen
• Verhandlungstechniken

Die Modulnote setzt sich zu 70% (90min) aus der schriftlichen Prüfung der Lehrveranstaltung Wachstumsfinanzierung und zu 30% (30min) aus der schriftlichen Prüfung Wachstumsbesteuerung zusammen.

Market Entry Strategies

• Specifics of Entrepreneurial Marketing
• Innovation Ideas and their Market-Oriented Evaluation
• Market Entry Strategy
• Marketing with Limited Funding

Marketingplan Project

• Nature and Significance of a Marketingplan
• Process of Marketing Planning
• Information Fundamentals of Marketing Planning
• Planning of Marketing Strategy and Business Model
• Planning of Marketing Instruments
• Implementation and Monitoring

Interactive lecture with exercises, case studies, impulse lectures by entrepreneurs and organisations on the subject of Entrepreneurial Marketing.
Project assignment including kick-off, coaching, status assessment, and final presentation in front of a jury of experts.

• The students understand the central theories, basic approaches and models for “Entrepreneurial Marketing”
• The students develop skills for explaining and illustrating basic issues regarding “Entrepreneurial Marketing”
• The students learn to apply the instruments of “Entrepreneurial Marketing”
• The students are able to relate the concepts introduced to everyday business

This course examines the key elements of the international entrepreneurial venture. The learning perspective will be that of the global entrepreneur – one whose business is “born global,” and who may capitalise upon resources from anywhere in the world, while facing global competition and other uncertainties at any time. Specific topics the course will cover include:

• motivations to go global,
• traits of international entrepreneurs,
• business opportunity identification and assessment,
• opportunities and barriers to international trade,
• cultures and international entrepreneurship,
• strategic alliances,
• global marketing and R&D,
• developing the global business plan and managing global expansion,
• foreign market selection models

Interactive lecture with exercises, case studies, impulse presentations by entrepreneurs and organizations for the promotion of foreign activities (e.g. OSEC). This course will proceed primarily through critical analysis of the text, cases, and other readings that have been assigned for the course. Thus, it is imperative that students read these materials in advance and are well prepared to work with these concepts in course projects and discussions.

• Assess the viability of a new business concept or idea
• Understand the issues involved in initiating a global new venture
• Identify the critical assumptions underlying a new business concept and the milestones in implementing the business concept
• Understand how entrepreneurs in different cultures and economies create, find, control, and use resources to build a growth-oriented venture
• Develop skills in entrepreneurial management including opportunity recognition, market assessment, and feasibility analysis