Short description
The course covers conceptual foundations, implementation, and operations of Business Intelligence solutions. Students will learn how to design and operate data warehouses, reports and dashboards, based on SAP BW, SAP BusinessObjects, as well as SAP HANA.

Topics

• Conceptual foundations of data warehouses and on-line analytical processing (OLAP)
• Conceptual foundations of in-memory column-based databases
• SAP BW Data Modeling & Business Explorer
• SAP BusinessObjects Cloud and Enterprise
• In-Memory Computing with SAP HANA

The module integrates theoretical knowledge and practical skills in an interactive seminar. The e-learning platform Moodle will be used throughout the course for the dissemination of course material and discussions.

• Students know and understand foundational concepts and methods of data warehousing and on-line analytical processing (OLAP)
• Students know and understand foundational concepts and methods of in-memory column-based databases
• Students extract, transform, and load data from transactional systems into business intelligence solutions
• Students design and develop business intelligence reports and dashboards

Grade consists of exam (50%), project (40%) and its presentation (10%).

Service learning - learning through civic engagement - is a teaching and learning form that combines students' social commitment with subject-specific learning. Service-learning projects can be implemented at all levels - from preschool to university. Students are given the opportunity to apply their acquired knowledge in authentic problem contexts.

Project seminar

Individual sessions and block seminar with concluding event - online

The students…

• Coordinate projects with the goal of strengthening their sense of social responsibility
• Develop an understanding for the common good
• Put what they learn in context with social learning through social engagement
• Design projects in the context of fostering instruction with integral practical and vocational training
• Develop a conceptual sketch and a plan of action and measures
• Assume responsibility in their projects
• Learn from one another
• Apply their skills and knowledge in authentic problem contexts

Quality Standards for Service Learning

• Meaningful Service

Useful and meaningful engagement means that the participants in service-learning undertakings are involved in sensible and personally relevant engagement activities.

• Link to Curriculum

Service learning is consciously employed as a didactic method in order to achieve general learning and/or content standards.

• Reflection

Service learning involves diverse and challenging exercises of self-reflection, which are employed repeatedly throughout the entire process and stimulate contemplation of one's self and one's relationship to society.

• Diversity

Service learning promotes the understanding of diversity and respect among those involved.

• Youth Voice

In service-learning projects, students are responsible for the planning, implementation and evaluation of the undertaking. Lecturers and cooperation partners act as coaches.

• Partnerships

Partnerships in service learning are designed cooperatively, thus making them profitable for all sides and geared to the wellbeing of the community.

• Progress Monitoring

All those involved in a service-learning project are constantly engaged in evaluating the process quality and the achievement of objectives, and the outcomes are incorporated into the improvement and sustainability of the service-learning undertaking.

• Duration and Intensity

The amount of time involved and the quality of the engagement make it possible to really meet the needs of the community and achieve the set goals.

Grading

Assessment of performance:

• Project plan
• Commitment
• Self-assessment report

Compulsory attendance: 80%, but mandatory

Grading

Assessment of performance:

• Project plan
• Commitment
• Self-assessment report

Compulsory attendance: 80%, but mandatory

Fakultätsübergreifendes Wahlfach:
Es gelten keine speziellen Anmeldemodalitäten.

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

Interactive lecture

• After completing this course, students...understand basic principles in financial economics (e.g., absence of arbitrage) and can apply them in discrete-time markets,link absence of arbitrage, state prices, and risk-neutral probabilities in complete and in incomplete markets,understand the implications of portfolio restrictions in financial markets, understand the classical models of risk and risk aversion and apply them to financial decision-making,are familiar with consumption-portfolio models and their optimization in discrete time.

See lecture(s) within the module

Ist es um der Vermeidung einer Katastrophe willen erlaubt, Passagierflugzeuge, die von Terroristen entführt und als Waffe eingesetzt werden, abzuschießen, oder ist dies völlig ausgeschlossen? Ist es statthaft, einen Terroristen, der eine Bombe platziert hat, die zahlreiche Menschen zu vernichten droht, der Folter zu unterziehen, um die eventuell lebensrettenden Informationen aus ihm herauszupressen, oder ist das prinzipiell unzulässig? Argumentativen Auseinandersetzungen wie diesen, sowohl schriftlicher als auch mündlicher Natur, kommt in modernen Gesellschaften mit ihren zahlreichen konfliktträchtigen Problemen in Politik, Religion, Wirtschaft und Wissenschaft - nicht zuletzt auch im Alltag - eine überragende Bedeutung zu. Daraus erhellt, dass diese Gesellschaften "grundsätzlich auf die argumentative Rationalität jedes einzelnen Bürgers angewiesen" (K. Bayer) sind und in ihnen die Kunstfertigkeit des rationalen Argumentierens in nahezu allen Lebensbereichen eine Schlüsselkompetenz darstellt.
Sicherlich beherrschen wir implizit - d.h., ohne darüber Rechenschaft geben zu können, wie wir es anstellen - alle das Geschäft des Argumentierens, die einen besser, die anderen schlechter. Wir wissen nicht genau, wie es funktioniert, und gleichwohl funktioniert es. Die Lehrveranstaltung sucht indes, über diesen Zustand des bloßen Könnens hinauszukommen; sie sucht, das explizit zu machen, was implizit schon mehr oder weniger gut beherrscht wird. Zum einen soll dadurch die Fähigkeit des Argumentierens verbessert werden, denn besonders in schwierigen Fällen hilft uns unsere Intuition allein oft nicht weiter: "Argumentieren ist eine Kunst, eine Technik, die man lernen und durch Üben verbessern kann. Wie in allen Künsten ist hier die Beherrschung des Handwerklichen grundlegend" (J. Walther). Und zum anderen sollen dadurch die Voraussetzungen für einen reflektierten Umgang mit den Methoden, Prinzipien und Kriterien des Argumentierens geschaffen werden, d.h., dieselben sollen explizit gemacht werden, sodass sie selbst zum Gegenstand der Analyse und Kritik werden können.
Vor diesem Hintergrund möchte die Lehrveranstaltung die Studierenden zunächst mit den Grundlagen der Argumentationstheorie vertraut machen: u.a. der Natur und Struktur von Argumenten, deduktiven und induktiven Argumentationsformen, der visuellen und schematischen Darstellung von Argumenten, der Rekonstruktion und Evaluation von Argumenten sowie üblichen formalen und materialen Fehlschlüssen. Sodann beschäftigt sich die Lehrveranstaltung - gleichsam in Erprobung der gelernten Grundlagen - eingehend mit Argumentationen zu den beiden eingangs geschilderten Szenarien, wobei zu Illustrationszwecken auch auf fiktionale Bearbeitungen derselben ("Terror - Ihr Urteil", "Unthinkable - Der Preis der Wahrheit") rekurriert wird.

Es wird eine medienunterstützte Vorlesung mit Frage- und Diskussionsmöglichkeit geboten in Kombination mit Phasen, in denen vielfältige Übungsaufgaben bearbeitet werden. Dabei kann es sich, was die verwendeten Materialien im ersten Teil betrifft, um eine Thomas von Aquin-Argumentation, eine Studie aus der experimentellen Psychologie, ein Law School Admission Test-Beispiel, ein Märchen der Gebrüder Grimm, einen Monty Python-Sketch, eine Mercedes-Benz-Werbung, einen Blogeintrag, eine Textpassage aus einem Roman, einen Ausschnitt aus einem Science-Fiction-Film u.v.a.m. handeln. Im zweiten Teil greift die Lehrveranstaltung, die verwendeten Materialien betreffend, auf ausgesuchte Argumentationen aus der deutsch- und englischsprachigen Diskussion zu den beiden zu Beginn erwähnten Szenarien zurück. Zwecks Festigung und Vertiefung der gelernten Inhalte sind Hausübungen (Lektüre, Übungsaufgaben) vorgesehen, welche dann in der nächsten Lehrveranstaltung besprochen werden.

Die Lehrveranstaltung soll
¢ den Studierenden bewusstmachen, dass wir bzw. andere nicht immer genügend darauf achten, ob wir bzw. sie gut argumentieren,
¢ den Studierenden ein Basiswissen in der Kunstfertigkeit des rationalen Argumentierens vermitteln,
¢ den Studierenden erste Einblicke in die traditionelle Syllogistik und moderne formale Logik bieten,
¢ den Studierenden das Rüstzeug bereitstellen, das eigene Argumentieren auf mündige und kritische Art und Weise zu betreiben,
¢ die Studierenden befähigen, das Argumentieren anderer auf ebensolche Art und Weise zu analysieren und zu evaluieren und
¢ den Studierenden Prinzipien der Ethik (des Argumentierens) vermitteln.

Arbeitsmaterialien werden auf Moodle zur Verfügung gestellt.

• Die geforderten Leistungsnachweise werden entsprechend der unter "Beurteilung" aufgeführten Modalitäten ausgestellt.
• Bei prüfungsimmanenten Lehrveranstaltungen besteht grundsätzlich Anwesenheitspflicht.
• Die Erfüllung der Anwesenheitspflicht ist eine notwendige Voraussetzung für den positiven Abschluss einer prüfungsimmanenten Lehrveranstaltung.
• Die Anwesenheit muss für mind. 80% der Kontaktzeiten nachgewiesen werden.
• Die Überprüfung und schriftliche Dokumentation der Anwesenheitspflicht obliegt dem/der jeweiligen Dozierenden, der/die diese zumindest bis zum Abschluss des Semesters aufbewahrt.
• Für Fehlzeiten, die über die definierten Abwesenheiten hinausgehen, gilt Attestpflicht. Es obliegt der Leitung der Koordinationsstelle für fakultätsübergreifende Wahlfächer den Versäumnisgrund zu genehmigen.
• Der Besuch einer anderen Veranstaltung der Universität gilt nicht als entschuldigte Abwesenheit.

Benotung

Prüfungsmodus:
Teilleistung A: 2 schriftliche Prüfungen (50 %)
Teilleistung B: 2 Hausübungen (25 %)
Teilleistung C: Kontinuierliches aktives Vorbereiten der (Hausübungen) und Mitarbeiten in der Lehrveranstaltung (25 %)
Anwesenheitspflicht: 80%, aber verpflichtend

Cross-faculty elective subject:
Notice the special Multi-stage allocation process.

• Fundamentals in Modern Banking;
• Asset Liability Management;
• Banking Regulation;
• Services and Products in Private Banking;
• Strategies in Private Banking.

Interactive Lecture

• Understanding Risks and Risk Management in Banking;
• Applying management tools in Banking;
• Applying various strategy concepts based on strategic analysis instruments to the commercial and private banking sector;
• Investigating the issues of international regulation, global sector trends as well as the

question of generation change and strategies of specific competitors;

• Recognising and critically scrutinising relevant topics or problem areas within the private

banking industry with the help of learnt analysis methods.

See lecture within the module.

Life-Cycle View of Personal Finance
Defined Benefit vs. Defined Contribution Plans
Instruments Typically Used in Pension Finance
Models for Integrating Financial Risks with Other Risks like Longevity Risk

Interactive lecture with exercises

After completing this lecture, students have gained a solid background in financial decisions regarding longevity and retirement. They know how to combine valuation techniques from finance with those from actuarial mathematics, and understand the effects of longevity, bequest motive, and risk-return tradeoff on the corresponding choices made by individual investors.

Understand and apply life-cycle models of individual investors
Distinguish between DB and DC pension plans and understand their respective implications
Combine financial models with models for longevity risk
Select appropriate financial instruments for individual pension planning and justify this selection economically

See lecture within the module.

Grading will be based entirely on the final exam.

• Identification of a research problem and development of a research questionThematically formulating a problem and developing a solution through application of - scientific methods Independence in handling a research problem determined in the course of an assessment.Discussion with the advisor about methodological and content issues in solving a research - topic.Completion of a comprehensive assignment where the students deal with a theoretical or - practice-oriented problem in their field of specialisation by drawing on scientific work methods. Completion of presentation documentation on a research problem within their specialised - field. Defense of the elaborated research topic and in-depth discussion with the examination board.

After completion of the module, the students have acquired a detailed knowledge and a critical understanding of their research topic. They have at their disposal specialised knowledge of methods and procedures for processing data and explaining it in a structured manner.
Furthermore, they exhibit originality and creativity in the application of their knowledge.

The students complete research and development projects, applying specialised research methods, survey and development techniques by drawing on their previously acquired skills.
Additionally, they present the significant findings of their project to academic and real economy specialists, thereby utilising various communication methods in order to illustrate complex data on a scientific level.

Upon positive evaluation of the thesis module the Master's degree is awarded to the candidate.

After completion of the module, the students have at their disposal practical experiences in handling a consulting project in the area of finance.

In the course of the assignment, they utilize a range of advanced procedures and techniques incorporated in the discipline and apply theoretical insights to practical solutions, so that they are directly prepared for their professional life.

Students develop original and creative answers for topics and problems and are able to evaluate the situation even without complete information.

They are able to reflect and enlarge their knowledge and capabilities. In addition, they master professional project assignment and presentation techniques and are trained to function in a team.

They are also able to assume responsibility within the team and to coordinate team assignments while taking into account the interest of the business.

Participation in MasterLABs is subject to availability

Investment Strategies by Asset Class: Equitiy, Fixed Income, and Derivatives Strategies
Investment Strategies for Different Economic Environments
Asset Management in Practice

Paper-based preparation of topics, strategy implementation and testing, presentation and discussion

After completion of this module, students know about practical aspects of asset management, in particular various investement strategies. These strategies can be categorized by asset class and/or particular (macro-)economic environments for which they are particularly suitable.

Understand exactly how investors try to achieve profits using different asset classes
Know the state of the art regarding risk/profit drivers in financial markets
Devise, justify, and test investment strategies for different economic environments (inflationary/deflationary, expansion/recession,...)

See lecture within the module.

Ethics Essentials:

• Theory, Principles, and World-Views
• The Ethical Leader: Self-Mastery and Ethics, Mind-Sets
• Corporate Ethics: Shared Values, Professionalism (as part of Standards of Professional Conduct)
• CFA Institute Code of Ethics and Standards of Professional Conduct
• GARP Ethics and Code of Conduct

The course in Corporate Governance covers:

• Role and Responsibility of Owners
• Practice of Right of Control for Various Actors
• The Problem of Free Riding
• Major Investors
• Conflicts of Interest Between Financiers
• Conflicts of Interest Between Stakeholders
• Financial Remuneration of Managers
• Alternative Designs for Option-Based Remuneration Structures for Managers
• Role and Responsibility of Institutions (Accounting, State)
• Corporate Governance in Financial Services Undertakings
• Optimal Design for Corporate Governance
• Empirical Investigations of Corporate Governance
• The role of Risk Management in Corporate Governance

Interactive lecture with discussion, cases.

Ethics:

• Understanding the origins, discipline and business case of ethics
• Discussing defined moments such as ethical dilemma in the corporate context
• Familiarizing with the standards of professionalism in particular

Corporate Governance:

Students:

• illustrate the role and responsibility of corporate owners
• explain the right of corporate control
• describe the problem of free riding
• identify the special characteristic of major investors
• describe conflicts of interest
• scrutinise methods of remuneration of managers
• describe and critically evaluate differing designs for option-based remuneration structures regarding their effect
• demonstrate the role and responsibility of the board of directors, a company’s audit committee and the state
• explain the special characteristics of Corporate Governance in the undertakings of financial services
• develop optimal Corporate Governance structures
• contrast empirical investigations of Corporate Governance
• compare and contrast best practices in corporate governance with those of risk management
• evaluate the relationship between a firm’s risk appetite and its business strategy
• distinguish the different mechanisms for transmitting risk governance throughout an organization
• illustrate the interdependence of functional units within a firm as it relates to risk management

Lecture slides will be available on Moodle

See lectures within the module.