• Derivatives Markets and Instruments: Forwards, Futures, Options, Swaps
• Pricing of Equity, Fixed Income, and Currency Derivatives
• Hedging Using Derivatives
• Financial Engineering

Lecture

Students …

• know how derivatives and derivatives markets work,
• apply standard models to price financial derivatives,
• use Greek variables in risk management and financial engineering,
• devise and/or analyze derivatives strategies for speculation, hedging and arbitrage,
• combine basic instruments to achieve desired payoff structures/decompose payoff structures into their basic components.

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Für die Anmeldung zum Modul Research Methods II muss das Modul Research Methods I erfolgreich absolviert sein.

Für die Anmeldung zum Modul Research Methods II muss das Modul Research Methods I erfolgreich absolviert sein.

Für die Anmeldung zum Modul Research Methods II muss das Modul Research Methods I erfolgreich absolviert sein.

> Review of Portfolio Theory and Asset Pricing
> Extensions of the CAPM
> Empirical confirmation/rejection of the CAPM
> Stock Market Anomalies
> Multi-Factor Models
> Investment Strategies
> Performance Evaluation
> Portfolio Execution, Monitoring, Rebalancing and Costs

After completion of the module, the students are able to evaluate assets by means of various
models and to illustrate investment procedure. They thereby draw on current knowledge of
capital market research and can show suggestions for solutions while integrating their
theoretical knowledge. Events on the capital market are critically scrutinised in discussions
with instructors and fellow students.

> Students have read and understand the most important literature in empirical asset pricing.
> Students are able to critically evaluate existing literature in the field of empirical asset pricing
> Students understand, can explain and appropriately apply methods used in empirical asset pricing.
> Students are able to effectively communicate research methods and outcomes to their peers.

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This module covers the practical application and implementation of concepts in portfolio management. Using an online tool with real and live market data, student groups manage their own portfolio throughout the semester. This includes the specification of an investment strategy at the beginning of the course, frequent trading and writing a fund brochure and performance report.

After completion of the module, the students are able to:
> manage their own investment portfolio
> translate real time financial information into investment decision
> develop and formulate an investment strategy
> write a fund brochure
> conduct a performance review and reporting

> Students are able to critically evaluate financial information
> Students can appropriately translate financial information into investment decisions
> Students understand and appropriately apply portfolio management methods
> Students are able to effectively communicate performance results to peers

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All aspects that have to be considered for writing a successful exposé and master thesis, like e.g. the fulfillment of formal requirements, the development of a research project and the correct choice of methodology for answering the research question.

Student Presentations and discussion
Self-study through reading announced literature at home.

After the completion of this module, the students have successfully handed in their Exposé for the master's thesis and know how to conduct a research project. They have learned how to develop a research question, choose and discuss the methodology for answering it. They know how good research papers and theses look like and are able to transfer this knowledge into their own project.

> Learn how to structure a research project
> Formulate a research idea and develop a research question
> Narrow the research idea to a realizable size
> Choose and justify a research methodology
> Conduct a sound literature review
> Formulate an exposé in which the research project is described and justified
> Know and apply the scientific standards and writing principles of the University
> Discuss their project and integrate peer and professional feedback
> Give feedback on other research projects
> Organize their project in terms of literature, writing and time plan
> Learn how to develop a thesis exposé

Presentation (30%)
Written exposé (70%)
Both parts need to be psitive
Obligatory Class Participation

Master students have the opportunity to take part in educational journeys to the world’s most important financial centres. Taking place

Excursion

After successfull completion of this module, students

• know the role of international enterprises and organizations including banks, asset or hedge fund management services, portfolio managers, insurance companies, chambers of foreign trade, chambers of commerce, supranational organisations, ambassadors, politicians or universities in structuring the competitiveness of a financial market;
• know the specifities of the visited financial market;
• established an international and intercultural network.

See lecture within the module.

• 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.

• Systematically identify and exploit opportunities.
• Market-Pull, Technology-Push and Blue Ocean.
• Opportunity Recognition as a process.
• Systematization of business models and components.
• Analysis and evaluation of business models.
• Application of big data algorithms to identify new markets and technologies.