• listen to the lecturer and fellow students
• work together to solve the assignments of the case study, communicate with each other and give support
• evaluate their contribution in the team with relation to cooperation, communication and troubleshooting
• develop social competences in a team and adapt these competences to optimize the result of the teamwork
• support other team members while presenting the results and provide proper argumentation for their solution path

• recognize the complex nature of the management of innovation within organizations
• explain case studies on innovation management related to frameworks, models, and methods covered in the lecture
• apply innovation management frameworks, models and methods to develop solutions for a real-life case study
• select appropriate innovation management methods and tools to apply to the given task
• develop a sustainable solution for the selected case study
• evaluate the developed solution with appropriate methods regarding its advantages and constraints

• describe the fundamental concepts of innovation management
• explain the meaning and nature of innovation management
• apply methods and models related to innovation management to solve contemporary problems
• compare and contrast innovation management frameworks, models, and methods
• combine frameworks, models, and methods to implement holistic innovation management concepts
• evaluate concepts and methods regarding their advantages and constraints

• tolerieren die Meinungen der anderen Studierenden, auch wenn sie dem eigenen Verständnis widersprechen (z.B. bei der Fallstudiendiskussion oder im Diskussionsforum)
• kümmern sich selbständig und zuverlässig um die Aufarbeitung der Vorlesungsinhalte (insb. Übungszettel und Fallstudien)
• beurteilen ihren Lernfortschritt und ihr Engagement in den Vorlesungen, in den Übungen und im Selbststudium (z.B. Wortmeldungen im Unterricht, Erfolg bei der Bearbeitung der Übungszettel)
• identifizieren ihre Stärken und Schwächen und passen ihr Engagement entsprechend an (z.B. Wiederholung der Vorlesungsinhalte)
• unterstützen sich gegenseitig in Vorlesungen, Übungen und Selbststudium und helfen einander bei Fragestellungen (z.B. im Diskussionsforum)

Reflect on one's own situation and preferences regarding retirement planning
Critically reflect on "me vs. heirs"-tradeoff inherent in pension finance decisions

Integrate financial and actuarial aspects into combined life-cycle models of individual investors
Evaluate investor-specific aspects regarding their relevance for pension finance decisions

• Understand and critically discuss the arguments of fellow students.
• React and critically reflect their solution without being offended.
• Show that they are able to stick to a complex topic.

• Listen carefully exercise patience needed to understand the logic and mathematics behind models.
• Know how to respond to questions and critique in a follow-up discussion after a presentation in front of class.
• Take responsibility and organize/explain their solutions to others who have problems and tend to give up.

• Understand how to manage risks with complex concepts and learn to connect the different roles of financial institutions.
• Understand the logic and drivers behind current economic topics in financial services.
• Apply methods and models on unknown decision situations. Find and calculate optimal hedging strategies.
• Are able to write a term paper according to principles of scientific writing.
• Develop abilities to understand and analyze mathematical relationships and models.
• Summarize and explain their findings in a presentation.
• Critically evaluate models and argue which of the models fits their needs best.
• Evaluate the outcomes of their term paper

• Show expert knowledge in risk management and financial institutions and regulatory standards.
• Characterize financial risk classes.
• Interpret the results of relevant risk measures.
• Describe pay off diagrams and valuation methods of derivatives.
• Describe the use of derivatives to control risks.
• Understand the role of different types of financial institutions.
• Understand the difference between acting on financial markets and financial intermediation.
• Describe the specific risks of financial intermediation.
• Understand the main goals of bank regulations and the tools to reach them.
• Describe and argue the importance of financial institutions for the whole economy.
• Use risk measures to quantify risk and calculate them.
• Find suitable hedging strategies.
• Valuate derivatives with the model of arbitrage.
• Apply the methods on a complex topic and are able to present the findings in a report
• Identify potential sources of risks of financial institutions.
• Apply the appropriate risk measures for specific risk classes.
• Analyze the use of hedging strategies in given examples.
• Find the fair value of derivatives by using parameters (Greeks).
• Analyze specific risks of banks.
• Identify the consequences of regulations.
• Conceptualize a risk management process, which identifies and quantifies risks and displays the design/use of hedging tools and their valuation.
• Design optimal processes to control for risk.
• Combine the roles of financial institutions and legal regulations to understand financial markets.
• Evaluate risk management processes.
• Asses the consequences of regulations on financial institutions and the economy.