• Finanzwirtschaftliche Modelle
• Finanzmathematik,
• Investitionsrechnung, Finanzierung,
• Finanzinstitutionen,
• Derivative Finanzinstrumente,
• Unternehmensfinanzierung,
• Unternehmensbewertung

• Communication skills
• Writing skills
• Business English

• Exercise with max. 30 participants
• Group and individual work
• Discussions and role plays
• Presentations and mini-lectures

Considered by many people as the best and most successful political system, democracy, particularly in the last decade, has been the object of fierce criticisms. The question whether democracy is in crisis is in fact constantly being raised by philosophers, political scientists and normal citizens alike.
Thus, this seminar aims at raising fundamental questions about democracy and its claimed crisis:

- Foundation and justification of democracy: On which principles, values and assumptions does democracy rest?
- Demands of democracy: What does democracy require as a political system? Which formal rules and framework? Which skills and behaviour from citizens? What does democratic citizenship mean? How should an education to democracy look like and what would it require?
- Limits and criticisms of democracy: How to understand the contextual and principled criticisms against democracy? How does democracy respond to those criticisms? Is populism a symptom or a cause of a crisis of democracy?
- Alternatives to democracy: Is there a way beyond democracy? Or does democracy need to be reformed? How does democracy cope with phenomena such as fake news and populism?

Reading assignments, discussions, written individual assignments and group presentations.

Participants will be able to:

• Familiarize with the philosophical theories on democracy.
• Relate the theoretical standpoints to practical issues.
• Understand the questions raised by these issues of concrete life-situations.
• Develop critical thinking and sense of good argumentation.
• Formulate personal positions and arguments supporting it.

The presentations (videos) of the University's "Campus Gespräche" on democracy will be used as supporting materials for this class.

Parts of assessment:
A: (25%) - attendance and active participation (working groups during class)
B: (35%) - individual assignment: submission of a written commentary on one of the texts chosen by the lecturer
C: (40%) - Group presentations

Attendance of minimum 80% is mandatory.

Grading

• The purpose of this course is twofold: First, invited talks by researchers from other institutions (and, occasionally, from the University of Liechtenstein) bring students in touch with cutting-edge research in their field. Second, students learn how to give an academic presentation of one of their research papers. Students will receive feedback on their performance. Our goal is to provide research colloquia for all specializations, but the course may not be offered for all specializations in each academic year. Students from two specializations may be gathered into one colloquium for organizational reasons. Key topics covered are: Current research in business economics Structure and content of an academic paper discussion

Presentations, discussions with feedback.

• After successful completion of the course, students will Professional competence Prepare and deliver a presentation of a research paper at a research seminar. - Social competence Interact with scientists in different phases of their career. Formulate critical questions in a neutral and professional manner. - Personal Competence Reflect on one’s own performance and professional behavior.

For the specialisations in Economics and Finance the module is offered as part of the Finance Research Seminar. The module coordinator for ECO and FIN is Assistant Prof Dr Sebastian Stöckl. Please register for the desired module directly in the module.

Finance Research Seminar

For the specialisations in Entrepreneurship and Management and Information Systems the module is not offered internally at the moment. The process flow for external modules can be found on
uni.li/legal. It is not possible to register directly for the desired module here. The module coordinator for ENT and IS is Prof Dr Michael Hanke. If you have any further questions, please contact doktorat@uni.li.

• Introduction to International Tax Policy and Tax Standards
• Economic and Legal Principles of National and International Taxation
• International Taxation in an Integrated and globalised World
• International and European Tax Framework
• International Tax Competition and Tax Cooperation
• International Tax Compliance and Tax Law
• OECD-Tax Agenda: New World Tax Order (Pillar one and two)
• EU-Tax Agenda: Business Taxation for the 21st Century
• International re-allocation of taxing rights: Determination of connecting factors
• Global tax initiatives and actions: OECD, EU, US, UK, RCEP, IMF, UN, and NGOs.

Interactive Lecture

Students

• are familiar with the basic economic and legal principles in national and international taxation and can apply them,
• understand the implications of both European and International Tax principles,
• understand the impact of international taxation in an Integrated and globalised world on politics, consumers and investors,
• understand the implications of international tax competition and international tax cooperation in financial markets and global business,
• are familiar with ongoing initiatives on taxing digital companies (determining taxing rights) and global minimum taxation,
• acknowledge the impact that ongoing international tax initiatives have on individuals and legal entities,
• understand the implications of international tax compliance and international tax law in financial markets and global business,
• are familiar with current reforms on international tax environment.

The Master's Thesis is carried out by the student as part of an Advanced Studio and is supervised by the unit. The thesis contains a developed hypothesis that is verified (or falsified) as part of the design project. In addition to the actual design project, the Master's thesis includes the design and production of the thesis book. This consists of
three parts: the documentation of the design project, a theoretical report and a technical report. The formal aspects of the thesis and the thesis book are described in the Master's thesis regulations.

Mentored project work in the design studio.

After successful completion of the course, students will be able to

Successful completion of 3 Advanced Studios in the Master´s degree programme.

Minimum 75% compulsory attendance, continuous assessment, midterm and final reviews.
The final grade is calculated according to the weighting of the following components: design project (60%), final presentation (10%) and thesis book (30%: 10% theoretical report, 10% technical report and 10% project documentation).

Successfully passed module "Preliminary Study"

• The purpose of this course is to familiarize students with the statistical methods and tools necessary not only for producing high quality research output in finance, but also necessary to understand and apply the quantitative tools that are at the core of a modern and innovative financial business. In this context, students will recapture common statistical concepts such as regression analysis and hypothesis testing within financial data as well as the basics of linear algebra. Simultaneously, students will learn how to use R, a statistical software that has become standard in research and industry. A third competence gained during the course is about how to find and down-load data from professional (Refinitiv) and open-source data providers. Key topics covered are:Statistical programming in R (tidy data handling, programming)Basics of linear algebra (vectors, matrices, systems of linear equations)Descriptive statistics for uni- and multivariate analysisTime series analysisHypothesis testingRegression analysis: uni-/ multivariate, (non-)linear

• The course is a combination of interactive lectures and coding sessions.Practical exercises and hands-on coding using R.Case studies and real-world data analysis projects.

• After successful completion of the course, students willProfessional competenceconduct empirical analysis of financial data using R.manage large financial datasets efficiently.understand and apply statistical methods to real-world financial data. - Methodological competenceapply simple and multiple linear regressions to financial data, including model specification, estimation, and interpretation.perform diagnostic tests for regression models, such as tests for heteroscedasticity, multicollinearity, and autocorrelation.address common issues in financial time series data.apply statistical methods like hypothesis testing and non-parametric tests to financial datasets. - Technological competencedevelop proficiency in statistical programming in R, with a focus on the tidyverse.efficiently manipulate and visualize data using R.extract and handle data from professional and open-source data providers.

Written exam (70 %), Online programming exam (30 %)

Construction Cultures covers and compares specific building cultures around the world. It includes the development of building forms and building types against an architectural, cultural-geographical and socio-political background. It defines parameters forming a building culture, provides a historical overview and identifies definitions
of construction cultures and their role in contributing to the formation of identities.

The seminar involves interactive lectures with exercises to integrate theoretical knowledge with practical design and analysis skills.

After successful completion of the seminar, students will be able to

Minimum 75% compulsory attendance and continuous assessment.
The final grade is calculated according to the weighting of the following components: final submission (60%), seminar exercises (20%) and oral presentation (20%).

Blockchain ist eine relative neue Technologie, die Transaktionen durch dezentrale Datenverwaltung und -kontrolle sowie Verschlüsselung sicherer gestalten will. Das Potenzial, das Blockchain mit sich bringt ist überaus gross und bietet weit mehr, als die blosse Schaffung virtueller Währungen. In diesem Modul sollen die weitreichenden Möglichkeiten der Blockchain bzw. Distributed Ledger Technologie aufgezeigt werden. Neben den technischen Hintergründen, werden insbesondere Themen wie Blockchain-Geschäftsmodelle, Kryptowährungen, Tokenisierung, Token, ICOs und Smart Contracts behandelt. Einen Schwerpunkt bilden dabei zudem neue regulatorische Entwicklungen auf europäischer wie auch nationaler Ebene.

-Wissen und Verstehen:
Die Studierenden verfugen uber spezialisiertes vertieftes Wissen und verstehen die breite Anwendungsmoglichkeit der Blockchain-Technologie in der Finanzbranche. Neben den verschiedenen Geschaftsmodellen, verstehen sie insbesondere die Grundkonzepte von Kryptowahrungen, Token, Tokenisierung, ICOs und Smart Contracts. Sie wissen, welche regulatorischen Anforderungen in Liechtenstein, dem EWR und anderen Jurisdiktionen mit Blockchain-Geschaftsmodellen verbunden sind und erkennen damit einhergehenden komplexe Fragestellungen. Hierzu zahlt auch die steuerrechtliche Einordnung und Behandlung.
-Anwendung von Wissen und Verstehen:
Die Studierenden sind in der Lage, verschiedene Sachverhalten auf hohem Komplexitatsniveau zu erkennen und die daraus resultierenden Folgen zu ermitteln. Sie sind fahig, relevante Aufgabenstellungen im Zusammenhang mit Blockchain zu bearbeiten, damit zusammenhangende rechtliche Fragen zu verstehen und Losungsstrategien zu entwickeln.
-Urteilen:
Die Studierenden sind fahig, Anwendungs- und Geschaftsmodelle kritisch zu bewerten und Problemstellungen in unvertrauten Zusammenhangen zu analysieren und zu beurteilen.
-Kommunikative Fertigkeiten:
Die Studierenden sind fahig, komplexe Problemstellungen, die sich um Zusammenhang mit Blockchain Geschaftsmodellen ergeben, insbesondere aus rechtlicher Sicht zu beurteilen und Losungsansatze gegenuber allen Betroffenen klar und eindeutig zu kommunizieren und im Plenum zu diskutieren.
-Selbstlernfahigkeit:
Die Studierenden finden sich im Feld selbst zurecht und konnen sich selbstandig mit den neuen rechtlichen und unternehmensbezogenen Aufgabenstellungen auseinandersetzen. Sie sind in der Lage, diese zu bewerten und Losungen zu entwickeln.

schriftliche Modulendprüfung, 90 Minuten