This course introduces students to the fundamental principles and techniques of financial statement analysis. It aims to equip students with the skills necessary to interpret and analyse financial statements, understand the financial health of a company, and make informed financial decisions. The course covers key topics such as financial reporting standards, income statements, balance sheets, cash flow statements, and financial ratios.

Key topics covered in this course include:

• Introduction to financial statements
• Financial reporting standards
• Income statement
• Balance sheet
• Cash flow statement
• Financial ratios
• Interpretation and analysis

• Interactive Lecture

After successful completion of the course, students will

Professional competence

• understand financial reporting standards.
• apply techniques for analysing financial statements.
• evaluate the financial health of a company.
• analyse financial ratios.

Methodological competence

• create financial statement analyses.
• evaluate income statements, balance sheets, and cash flow statements.
• apply ratio analysis techniques.

Social competence

• discuss financial analysis concepts with peers.
• communicate financial analysis findings effectively.

Personal competence

• develop critical thinking related to financial data.
• improve decision-making skills based on financial analysis.

Final written exam

This optional module, allows for various kinds of research studies in collaboration with planned or ongoing research projects. It is closely linked to the five units of the School of Architecture and is undertaken individually or in small teams of students. Supervision consists of guiding students towards clear results in a particular area of research. The research project is reviewed before a panel of experts from the supervising research unit.

Built Heritage & Upcycling Unit:
Whenever there was a shortage of building materials in history, creativity was called for and a circular approach was often the answer. In the 16th century, the Frenchman Philibert de l'Orme invented a new construction method, known as "à petit bois", in which large roof surfaces were built from small pieces of wood. Instead of comprehensive designs, his architectural work was characterized by adapting, integrating and building on. We examine de l'Orme's circular approaches using the example of the roof truss of the Caserne Rochambeau in Mont-Dauphin (F). Could this method be one of the earliest concepts for planned circular building solutions?

Research or design studies defined by research units and under the guidance of mentors, usually closely related to current research projects, developed individually or in groups. The offers of the research semester vary each semester depending on the units and are coordinated with the academic director of the Master's degree programme.

Minimum 75% compulsory attendance, continuous assessment and regular meetings with instructors.
The final grade is calculated according to the weighting of the following com-ponents: final submission (80%) and oral presentation (20%).

Individual appointments will be set with the tutor; group projects are also possible, as well as group work with individual submissions;

Start, final submission and presentation can be individually
defined with the respective tutors.

Registration via the intranet of the University of Liechtenstein is not binding and is only valid in combination with the written consent of the respective unit. This applies to all Individual Electives in the Master's degree programme in Architecture.

Financial Economics provides an introduction to concepts that are fundamental to the understanding of financial decision making.

Key topics covered are:

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

• Interactive lecture
• Exercises to be solved individually or in groups between classes.

After successful completion of the course, students will

Professional competences

• explain the implications of portfolio restrictions in financial markets to clients.
• apply the classical models of risk and risk aversion to practical financial decision making.

Methodological competences

• solve consumption-investment problems in discrete-time market models.
• understand basic principles in financial economics (e.g., absence of arbitrage) and apply them in discretetime market models.
• link absence of arbitrage, state prices and risk-neutral probabilities in complete and incomplete markets
• understand the classical models of risk and risk aversion.

Technological competences

• use R for simple calculations.

This optional module allows for various kinds of research studies. It is closely connected to the five units of the Liechtenstein School of Architecture and is usually part of ongoing research projects. The supervision consists of directing the students towards clear results within a given field of research. The individual study is reviewed within the respective unit.

Sustainable Design Unit:
Research in Sustainable Architecture - Focus on Fluidglass This elective module invites participants to explore the transformative potential of Fluidglass technology within the realm of sustainable architecture. In alignment with the ongoing research at the LSA, this module allows you to examine how innovative facade technologies such as Fluidglass can influence the future of construction. Participants will have a unique opportunity to contribute to the advancement of Fluidglass in the context of sustainability and contemporary building practices. Depending on the desired credit allocation, tailored work packages will be developed. These may include an exploration of current advancements in facade technology, competitor and market analyses, or technical and cost simulations. Your interests and prior knowledge will be taken into account during the initial phase of the project. Participants will engage in self-directed research, working either individually or in collaborative groups. The scope of your work will be customized to meet the specific requirements of your selected work packages and will be guided by the research unit. While there are no formal prerequisites for this module, it is advisable to undertake it in the third semester to build upon foundational knowledge. Essential literature and resources will be provided at the commencement of the course, with regular updates throughout the semester to support your work and great importance is placed on equipping the participants with a strong foundation for future projects and scientific work in the field of sustainability.

Self-defined design or research studies, developed individually or in groups agreed upon with research units and under the guidance of mentors. The size of the module is determined by the respective unit.

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

None.
It is recommended to complete this course in the third semester. The prerequisite for admission is a subject registration and the approval of the responsible unit.

Minimum 75% compulsory attendance, regular meetings with instructors, continuous assessment, portfolio and final review.
The final grade is calculated according to the weighting of the following components: final submission (80%) and oral presentation (20%).

Individual appointments will be set with the tutor.

Group projects are also possible, as well as group work with individual submissions.

This optional module allows for various kinds of research studies. It is closely connected to the five units of the Liechtenstein School of Architecture and is usually part of ongoing research projects. The supervision consists of directing the students towards clear results within a given field of research. The individual study is reviewed within the respective unit.

Built Heritage & Upcycling Unit:
Modern architecture came to Liechtenstein in 1924: on a bicycle in the form of the young German architect Ernst Sommerlad. Sommerlad reinterpreted international modernism for the Alpine region and created dozens of residential buildings in the Principality as well as in Appenzell, St. Gallen, Graubünden and Vorarlberg. On the occasion of a scientific symposium at the University of Liechtenstein in fall 2025, we are taking a close scientific look at Sommerlad' s broad and exciting oeuvre in cooperation with the state and the OST (Eastern Switzerland University of Applied Sciences). Be part of it!

Self-defined design or research studies, developed individually or in groups agreed upon with research units and under the guidance of mentors. The size of the module is determined by the respective unit.

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

Minimum 75% compulsory attendance, regular meetings with instructors, continuous assessment, portfolio and final review.
The final grade is calculated according to the weighting of the following components: final submission (80%) and oral presentation (20%).

Individual appointments will be set with the tutor.

Group projects are also possible, as well as group work with individual submissions.

This optional module allows for various kinds of research studies. It is closely connected to the five units of the Liechtenstein School of Architecture and is usually part of ongoing research projects. The supervision consists of directing the students towards clear results within a given field of research. The individual study is reviewed within the respective unit.

Urban Design & Spatial Development Unit:
We are happy to support your independent study projects that use our methods and approaches to pursue relevant urban and spatial development issues and to help you find your own research questions. We can offer topics for independent studies related to our research areas in the Alpine Rhine Valley and beyond.
Then get in touch with us. We look forward to working with you!

Self-defined design or research studies, developed individually or in groups agreed upon with research units and under the guidance of mentors. The size of the module is determined by the respective unit.

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

Minimum 75% compulsory attendance, regular meetings with instructors, continuous assessment, portfolio and final review.
The final grade is calculated according to the weighting of the following components: final submission (80%) and oral presentation (20%).

Individual appointments will be set with the tutor.

You can register for this independent study alone or in a group. For registration and enrolment, please get in touch with Prof. Michael Wagner directly: michael.wagner@uni.li

Architektur und gebauter Raum sind unumstösslicher Bestandteil fast aller Unternehmensprozesse. Produkte und Dienstleistungen werden in Gebäuden entwickelt, hergestellt und verkauft. Dennoch bleiben räumliche und architektonische Aspekte in der Managementpraxis und -lehre bisher weitgehend unberücksichtigt. Das Modul schliesst diese Lücke, indem es ein räumliches Organisationsverständnis präsentiert, das Architektur als Kommunikationsmittel ebenso in den Blick nimmt wie die Räumlichkeit von Kollaboration, Ko-Kreation, Produktentwicklung und Produktion. Dabei fokussiert das Seminar insbesondere auf Innovationsprozesse und kreative Arbeits- und Kollaborationsformen. Ausgehend von den eigenen Organisationen erarbeiten die Teilnehmenden Potenziale für räumliche Veränderungen zugunsten von neuen Kollaborations-, Innovations-, Distributions- und Vermarktungsformen. Zu diesem Zweck werden konzeptionelle Grundlagen ebenso präsentiert wie Beispiele aus der Unternehmenspraxis. Die Teilnehmenden diskutieren diese Inputs, evaluieren die vorgestellten Ansätze vor dem Hintergrund ihre bisherigen Erfahrungen und erarbeiten kreative Lösungsansätze und Umsetzungsstrategien für ihren beruflichen Alltag.

Präsentationen, Fallstudien

Präsentationen, Fallstudien

Präsentationen, Fallstudien

This module will show students how to manage projects and teams Students will learn how to deal with clients, understand the role of marketing, the basics of accounting and leadership, thus preparing them for their future role as responsible employers.

exercises, research, writing, case study

Paper, Portfolio, exercises, minimum 70% mandatory presence, continuous assessment

This course aims to optimize English language and general communication skills while raising self-awareness to enhance competence. Students will engage in focused information gathering, discussions, and practice. The course covers academic writing skills, negotiations, techniques of persuasion, presentation skills, and decision making. Emphasis is placed on self-reflection and teamwork in a shared learning environment.

Key topics covered are:

• Academic writing
• Presentation skills
• Negotiation techniques
• Persuasion and argumentation
• Decision making
• Micro office skills
• Language development
• Self-awareness and self-reflection

• Discussions about academic writing
• From theory, key principals, and practical tools to practice
• Online research as the basis for approaching each task

After successful completion of the course, students will

Professional competence

• understand key elements of academic writing.
• apply effective presentation techniques.
• analyse and conduct successful negotiations.
• utilize persuasion and argumentation in business contexts.

Methodological competence

• create structured academic and business documents.
• evaluate and refine presentation skills.
• apply negotiation strategies effectively.
• develop decision-making frameworks.

Social competence

• build confidence and assertiveness in business and social contexts.
• collaborate effectively in team settings.
• network and communicate effectively in diverse environments.

Personal competence

• use self-reflection to enhance communication skills.
• understand personal strengths and areas for improvement in communication.
• develop self-awareness in various communication contexts.

Final presentation and report (30%); Writing tasks (30%); Class work (20%); Participation (20%); Attendance is mandatory (80%)

This optional module allows for various kinds of research studies. It is closely connected to the five units of the Liechtenstein School of Architecture and is usually part of ongoing research projects. The supervision consists of directing the students towards clear results within a given field of research. The individual study is reviewed within the respective unit.

Urban Design & Spatial Development Unit:
Sustainable building is on everyone's lips. But most approaches are aimed at short-term measures such as the installation of insulation panels or the outlawing of concrete. In order to create long-term sustainable living in high-quality buildings, however, far more differentiated and comprehensive considerations are required.
In his book ‹Gegen Wegwerfarchitektur› (Verlag Klaus Wagenbach, 2023) Vittorio Magnago Lampugnani outlines a brief history of urban design and architectural consumerism and builds his reflections on a culture of substantial sustainability on this basis. He writes against the extinction of nature through urban sprawl and argues in favour of a strategy of density: only the compact city can be ecological. In order to reduce the immense material and energy consumption of the construction industry, he calls for a rigorous turnaround: turning away from the development of further building land and the unrestrained consumption of raw materials. Not demolish and then build again, but rather convert, restore and further develop.
The longer a building lives, the more ecological it is. In this Independent Study, we first read Lampugnani's book and then research the relevant data and figures on the current situation in Liechtenstein. What is the current state of affairs in the country in relation to the issues Lampugnani addresses?

Self-defined design or research studies, developed individually or in groups agreed upon with research units and under the guidance of mentors. The size of the module is determined by the respective unit.

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

None.
It is recommended to complete this course in the third semester. The prerequisite for admission is a subject registration and the approval of the responsible unit.

Minimum 75% compulsory attendance, regular meetings with instructors, continuous assessment, portfolio and final review.
The final grade is calculated according to the weighting of the following components: final submission (80%) and oral presentation (20%)..

Individual appointments will be set with the tutor.

For registration and enrolment, please get in touch with Michael Wagner directly: michael.wagner@uni.li