>Spoken and written communicative competence in various everyday situations
>Cultural competence

Interactive teaching

>Building German language competence
>Developing basic communicative competence
>Cultural competence
>Grammar and Vocabulary
>Learning strategies

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.

Das Modul stellt die Ausgangsbasis für die weitere Wissensvermittlung im LL.M.-Programm dar. Die Studierenden erwerben zunächst grundlegende Kenntnisse des liechtensteinischen Rechtssystems. Sie lernen (soweit noch nicht bekannt) die Verfassung, Gerichte sowie den Instanzenzug und das Gesetzgebungsverfahren kennen. Im Anschluss werden die gesellschaftsrechtlichen Grundlagen vermittelt. Die Teilnehmenden unterscheiden zwischen Verbandspersonen und Gesellschaften ohne Rechtspersönlichkeit. Sie lernen zunächst die einzelnen Rechtsformen der Personengesellschaften (Einfache Gesellschaft, Kollektivgesellschaft [offene Gesellschaft], Kommanditgesellschaft) kennen. Anschließend werden die Rechtsformen der gängigen Kapitalgesellschaften, also die GmbH und die Aktiengesellschaft, ausführlich dargestellt. Jeweilige Vor- und Nachteile der Gesellschaftsformen stehen – jeweils unter dem Blickwinkel der Betrachtung dieser im Vergleich mit den umliegenden Rechtsordnungen – ebenso auf dem Lehrplan. Anhand praktischer Fälle wird das Gelernte vertieft und in die praktische Arbeit integriert. Zum Abschluss erfolgt eine Einführung in das Recht des Europäischen Wirtschaftsraumes und seine Bedeutung für Liechtenstein, insbesondere unter Berücksichtigung der europäischen Grundfreiheiten sowie des allgemeinen Diskriminierungsverbotes.

Im zweiten Modul werden den Studierenden die grundlegenden Kenntnisse des liechtensteinischen Stiftungs- und Anstaltsrechts vermittelt. Die Teilnehmer lernen die beiden zentralen Rechtsformen der liechtensteinischen Rechtsordnung sowie deren Gestaltungsmöglichkeiten eingehend kennen. Sie erhalten einen Einblick in die grundlegenden Struktur- und Wesensmerkmale der privat- und gemeinnützigen Stiftung sowie der Anstalt, und werden über Besonderheiten im Vergleich zu anderen Rechtsordnungen informiert. Ergänzend zu den Rechtsformen erhalten die Studierenden eine Einführung in das Handelsregisterrecht als auch grundlegende Kenntnisse über die Stiftungsaufsicht, die von der Stiftungsaufsichtsbehörde und den Gerichten wahrgenommen wird.
Das erlernte Wissen zum Stiftungs- und Anstaltsrecht wird anhand von Case Studies vertieft. Im Zuge dessen erhalten die Studierenden einen Einblick in die Grundlagen und Methoden der Nachfolgeplanung mittels liechtensteinischer Rechtsformen. Die Teilnehmenden erlangen die Befähigung, im Stiftungs- und Anstaltsbereich zu beraten und gestaltend tätig zu werden.

Interactive lecture with exercises

• Testing Market Efficiency and Random Walks
• Estimating and Testing Asset Pricing Models
• Forecasting Stock Returns

• Students can decide when to use a quantitative research approach.
• Students understand the drivers and behavior of financial asset prices.
• Students can test market efficiency in various ways and interpret their results.
• Students understand how asset pricing models can be tested, conduct such tests and interpret their output.
• Students can link their understanding of asset prices with concepts from Financial Economics.
• Students understand how and to which amount aggregate as well as individual stock returns can be forecasted.

See lecture(s) within the module

• General improvement of the English language skillsReading techniquesFormulation of research questionsBuilding up an argumentWriting convincing textsNegotiation skillsEffective communication in presentationsRelationship Building and Networking

Interactive seminar

After completing this module, students...
> have expanded their English vocabulary
> are secure speakers and writers
> have the ability to read a text systematically and quickly to understand the main deliveries
> Know what makes a good research question and how to formulate it from scratch
> Understand what makes an argument convincing and how it can be used in oral and written communication
> are able to write a concise and convincing text, they understand the necessity of re-writing
> understand the principles of negotiating
> know what makes a good presentation and have collected first experience in presenting
> are able to use techniques for good networking in large groups and know how to build up a relationship

See lecture(s) within the module

Current topics in

• Basic principles for writing academic texts
• International Economics
• Developments in Banking and Finance
• Innovation Finance
• Sustainable Finance

Lecture, seminar

• Know, understand and are able to apply the guidelines of scientific writing at the University of Liechtenstein.
• Students are able to conduct thorough literature reviews.
• Students are able to produce texts with a systematic structure.
• Students can illustrate main themes and debates in international economics and their relation to International Finance
• Students are able to assess the impact of macroeconomics, political forces and international agreements on finance companies
• Students are able to explain instruments in innovation finance compare them with traditional instruments
• Students can distinguish between different investment strategies in Sustainable Finance
• Students are in position to communicate acquired information comprehensibly to specialists and laities.

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25% Scientific Writing
75% Semionar in Applied Finance

• Global Financial EnvironmentInternational Parity ConditionsForeign Exchange Rate Determination and ForecastingThe Foreign Exchange Market and the Use of Foreign Currency DerivativesForeign Exchange Exposure Financing the Global FirmForeign Investment DecisionsInternational Trade FinanceWorking Capital Management

Interactive lecture with exercises.
An excursion could be offered, lasting several days, and with relation to the content of the lecture.
Business leaders will be invited to give a speech with practical insight.

• Having at ones disposal comprehensive and integrated knowledge of the majority of core areas in international business finance.Independently solving problems in international business finance by means of acquired concepts.Applying procedures and techniques that are specialised and always state-of-the-art.Identifying, conceptualising and defining new and abstract issues and problems in international business finance.Communicating acquired information comprehensibly to specialists and laities.

Continuously updated Syllabus and lecture slides will be available on moodle.

See lecture(s) within the module

• An Introduction to tidy statistics and programming in RSourcing and downloading Financial Data (e.g. from Refinitiv Datastream and Eikon)Supervised vs. unsupervised learningLinear and multiple regressionsClassification problemsPrincipal components and clustering

Interactive lectures, exercises

• 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.

See lecture(s) within the module