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

• Know the relevance of efficient financial markets and financial intermediaries for economic welfare.
• Are aware of the characteristics of direct and indirect finance.
• Know the characteristics of different asset classes.
• Know relevant concepts of asset allocation and modern portfolio theory.
• Are aware of typical goals, constraints and other characteristics of clients in the private banking business.
• Know the basic principles of the law of asset and fund management.
• Know the application areas and the basic principles of the different instruments to administer assets.
• Understand models that address the role of direct and indirect finance and their implications for economic welfare.
• Understand the structure of the banking industry and fundamentals of bank management.
• Understand the relationship between risk and return of financial assets.
• Explain the basic concept of modern portfolio theory.
• Understand the goals and life-cycle needs of clients and describe different tools for the profiling of private banking customers.
• Describe the application areas and target groups of due diligence.
• Explain the different duties of due diligence.
• Circumscribe the organization and competences of the financial supervision.
• Explain the structure and typical application of the different instruments to administer assets.
• Understand the basic structure of the sources of law.
• Infer return and risk objectives according to the characteristics of clients.
• Apply the fundamentals of investment and portfolio theory to implement an adequate asset allocation.
• Practice their new skills with case studies.
• Analyse the risk and return characteristics of the most important classes of financial assets.
• Assess clients' ability to take risk and compare it with their willingness to take risk.
• Analyze the specific duties of due diligence in comparison to the competences of the financial supervision.
• Compare the different instruments to manage assets.
• are able to analyse the objectives of financial supervision in a cross-border context.
• Combine concepts of financial intermediation and investment theory
• Create concepts about the establishment and organization of financial intermediaries in the field of asset management.
• Review a portfolio or asset allocation particularly with regard to the risk/return characteristics of the underlying assets and the goals/constraints of customers.
• Find suitable solutions by judging the special facts of a case.

• Listen carefully, read and repeat, practice until they understand the logic and mathematics the models are based upon.
• Work together and motivate other students who tend to give up as a reaction to the difficulty of mathematical problems.
• Take responsibility and organize/explain solutions to others

• Understand and critically discuss the arguments of fellow students.
• Work on financial decision making problems and solve mini cases as well as examples in small groups and discuss them in front of class.
• Evaluate the solutions of fellow students, explain carefully why they might be seen as right or wrong.
• Understand the problems of fellow students, react on critical discussion without being offended.
• React to other opinions and solutions and defend their own solution without being offended.

• Know methods in decision theory.
• Use theories, methods and models on unknown decision situations. Calculate optimal solutions and equilibria.
• Compare different methods for measuring and controlling risk and uncertainty in decision processes.
• Evaluate decision and analysis methods in mini cases and find appropriate models for solving typical problems.
• Know how to use a range of instruments to control the capital structure of a corporation.
• Choose suitable financing and investment tools
• use methods and models on unknown decision situations. Calculate optimal solutions and interpret them.

• Know the most prominent decision theories. They are aware of the important human biases in financial decision making.
• Understand how rational solutions can be found by applying classical decision models and are aware of the differences between these model solutions and the solutions humans normally come up with.
• Solve decision problems by using DT models and quantitative methods. They find the strategic aspect of a problem and transform it into a simplified game/problem.
• Evaluate of Investments with EUT, MVT and PT.
• Know the most prominent rules for Capital Budgeting and Structuring
• Understand the consequences of changes in the capital structure
• Know a variety of financing tools and their applicability
• Know how to value a company

• repeat the contents of lectures, exercises and case studies in a self-organized way
• assess their own learning progress during lectures, exercises, case studies and self-study (e.g., participation in discussions, solving exercises, presenting solutions)
• identify their own strengths and weaknesses
• tolerate different opinions and working styles (e.g., during classroom discussions, in online forums)

• listen to the lecturer and their colleagues.
• work together to solve the assignments of the case study, communicate with each other and give support.
• evaluate themselves and their contribution in the team with relation to cooperation, communication and troubleshooting.
• develop their social competences while working 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 the solution path chosen in the case study.

• replicate the content of the case study in the field of enterprise systems
• discuss case studies with relation to models and theories in the field of Enterprise Systems.
• solve different assignments in the case study while using different methods.
• compare the as-is situation and possible solutions by identifying possibilities to improve a given situation.
• develop new strategies for a successful implementation of enterprise systems along the case study.
• evaluate different solutions regarding their value contribution and sustainability.