are able to manage cognition, presence and awareness, self-evaluate own contributions
Social Competence
are able to give constructive presentation and co-discussion of fellow student´s presentation
Methodological Competence
train problem description, choice of theory and formulating research questions
Professional Competence
analyze controversies and debates in international economics
apply trade theories and theoretical approaches to exchange rate determination to explain and illustrate practical problems
appraise theories of international economics in the light of current social and economic developments
deepen the knowledge of theoretical approaches presented in the lectures and to prepare for exam
Professional Competence
name the most important approaches of information and document management, handling of projects and data management and know selected basics of programming
explain the functionality and interaction of different methods and applications in these areas
solve simple business problems of information processing with the help of these applications and methods
identify and evaluate the methods and approaches suitable for solving these tasks and determine the IT applications required for this
combine different methods and applications to - - - solve the tasks in a goal-oriented and correct manner
evaluate the usefulness of their solutions for different business situations.
Technology Competence
learn how to use Excel to analyze financial markets
apply the software to optimize portfolios in a professional and real-world setting
Personal Competence
listen carefully, read and repeat, practice until they understand the logic and mathematics behind models.
work together and motivate students who tend to give up as a reaction to the difficulty of mathematical problems.
take responsibility and organize/explain solutions to others who have problems and tend to give up.
Social Competence
understand and critically discuss the arguments of fellow students.
work together in small groups to solve assignments and small examples discussed in class.
evaluate the solutions of fellow students; explain carefully why they might be right or wrong.
understand the flaws and problems of fellow students, reaction without offense.
react to other opinions and defend their solution without being offended.
Methodological Competence
know the requirements for the basic models of portfolio optimization and market equilibrium theory.
understand the implications and flaws of these models.
apply these models in changing market conditions.
find and use the model needed in a specific situation/setting.
apply the models in individual assignments and in a group business game.
evaluate outcomes and discuss them critically.
understand the applicability and validity of the different models.
evaluate models and decide upon which of the models fits their needs best.
Professional Competence
know the basic asset classes and their respective financial instruments.
Know the difference between strategical and tactical asset allocation.
list the requirements and repeat the basic concepts of Mean-Variance Theory.
know the difference between Sharpe-Ratio and Information-Ratio
list the requirements and how to derive the Capital Asset Pricing Model (CAPM).
Know how to extend the Single-index-Model to Multi-Factor Models.
know the concepts of Arbitrage and how to derive the resulting model of Arbitrage Pricing Theory (APT).
understand the basic financial instruments and their pricing.
describe the optimal investment process.
understand portfolio statistics and underlying statistical concepts.
explain the difference between risky and risk-free assets.
describe the outcomes of portfolio theory in a risk-return diagram.
understand the concept of risk, its decomposition into unsystematic and systematic risk, and the effects of (naïve) diversification.
understand the concept of beta in the Single-Index Model.
understand the concept of beta and the market risk-premium in context of the Capital Asset Pricing Model.
understand the concept of beta and factor portfolios in the Multi-Factor-Model.
understand the concept of arbitrage.
understand why APT is a much more general concept of market equilibrium than CAPM.
understand the working and pricing of fixed income securities.
understand the term structure of interest rates and their influence on the prices of fixed income securities.
understand the implications of the Efficient Markets Hypothesis on financial markets.
calculate the risk and return of financial instruments based on observable market values.
calculate the Minimum-Variance-Portfolio.
calculate the optimal risky portfolio.
calculate the idiosyncratic and the market-specific risk of a portfolio.
calculate an optimal portfolio in the context of Single-Index-Models.
calculate the Security Market Line in the CAPM and derive arbitrage opportunities thereon.
calculate bond yields, duration and other measures of fixed income securities and fixed income portfolios.
know how to design an event study to test and identify flaws of the Efficient Market Hypothesis.
perform financial statement analysis.
estimate Index-Models, and how to derive an optimal portfolio in this context.
analyze financial instruments in the common context of Mean-Variance Theory.
understand the Two-Fund Separation Theorem and derive the Capital Market Line.
find arbitrage opportunities.
relate different concepts of market equilibrium.
identify and exploit arbitrage opportunities.
identify the efficiency of financial markets.
combine different assets in an optimal portfolio.
relate the concept of the risk-return tradeoff to the optimal allocation of assets.
relate the concept of the Efficient Market Theory to observed market conditions.
evaluate the different models in the context of changing market conditions.
decide upon investment opportunities by evaluating any type of equity and fixed income securities.
evaluate equity and fixed income instruments.
evaluate optimal allocations of assets in the Markowitz context.
