• Global Financial Environment
• International Parity Conditions and Exchange Rates
• The Foreign Exchange Market and Derivatives
• Foreign Exchange Exposure
• Financing and Investing in the Global Firm
• Working Capital Management
• Investment and Financing Decisions in Entrepreneurial Settings
• Deal Structuring
• Evaluation Instruments for Entrepreneurial Ventures
• Harvesting Strategies
• Discussion of the Methods of Individually Selected Journal Articles

Interactive lecture, exercises, seminar

• They have at their disposal comprehensive and integrated knowledge regarding the majority of core issues in International Business Finance und Entrepreneurial Finance and have an analytical comprehension of the procedures and methods of the field.
• With their knowledge and their abilities they are able to independently solve problems in International Business Finance and Entrepreneurial Finance.
• They apply procedures and techniques that are specialised and consistently state-of-the-art.
• They identify, conceptualise and define new and abstract issues and problems in international corporate finance and entrepreneurial finance and communicate understandably with professionals and laities.
• They prepare research papers on assigned topics or smaller empirical or analytical research projects, while applying exacting technical procedures and methods.
• They relate the results of their own seminar project in a presentation and answer questions.
• They communicate on a professional level in front of an audience reflecting various degrees of expertise and in front of specialists.
• They critique the projects of other seminar participants and scrutinise their remarks.

> 1 Assignments
> 2 Term papers
> 1 Presentation

Web-based online evaluation upon completion of module

• Instruments on the Futures Market: Forwards, Futures, Options and Swaps
• Significance of Yield Curve
• Evaluation of Forwards, Futures and Swaps
• Characteristics of Option Prices
• Evaluation of Options According to Black/Scholes and Binomial Model
• Derivative Elements in Structured Products
• "Greeks" and Volatility Smiles
• Exotic Options
• Selected Aspects of Risk Management (e.g. Value at Risk, Backtesting, Stress Testing)
• Hedging Strategies
• Financial Engineering of Various Finance Instruments

Interactive lectures with exercises

After completion of the module, the students recognise the most significant derivative instruments and the particularities of financial engineering. They have at their disposal comprehensive knowledge of the significant principles governing determination and evaluation of derivatives and are able to mirror the current stage of research on financial engineering.

Additionally, they master advanced hedging procedures, which they apply in a target-oriented manner in the areas of risk management. Because of their acquired specialised knowledge, they are able to meet complicated challenges in financial engineering. They are also able to identify and conceptualise abstract problems, such as the preparation of a special risk-profit profile.

• Utilising and identifying financial instruments and their application in practice
• Taking into consideration the yield curve in the evaluation of derivatives and relating to it
• Differentiating valuation approaches for forwards, futures, swaps and options as well as exotic options.
• Explaining the use of “Greeks” and volatility smiles
• Illustrating the fundamentals of risk management
• Contrasting special risk management concepts
• Developing and examining hedging strategies as a means of risk reduction
• Analysing financial engineering for various financial instruments

1 Written exam with 120 minutes duration

Web-based online evaluation upon completion of module

• Struktur und Funktionsweise politischer Systeme
• Akteure der Politik
• Politische Entscheidungsprozesse
• Politische Kommunikation
• Herausforderungen der Globalisierung
• Grundlagen der Ethik in Verbindung mit jenen Verhaltensweisen und Wertvorstellungen, die dem ökonomischen Tun und Lassen eigen sind bzw. zugrunde liegen.
• Grundsätzliche Klärung von Basisbegriffen wie "Handel und Wandel" oder "Ökologie und Ökonomie" und die kulturhistorischen Konzepte, die sich mit diesen Begriffen verbinden.
• Begriffe und Modelle der Wirtschaftsethik, Unternehmensethik und Führungsethik.
• Die Philosophie des "Unternehmens" - sowohl aus historischer und ökonomischer bzw. gesellschaftspolitischer Sicht als auch im Sinne der Existenzphilosophie.

Vorlseung und siskursives Seminar mit Übungen und Vorlesunganteilen

Die Absolventen und Absolventinnen verstehen die Unterschiede politischer Systeme hinsichtlich ihres Aufbaus, der Kompetenzverteilung und der relevanten Akteure. Sie analysieren die Partizipationsmöglichkeiten von Bürgern und organisierten Interessen in unterschiedlichen Kontexten. Sie beurteilen interne und externe Faktoren des politischen Entscheidungsprozesses und verstehen den Stellenwert, die Gesetzmässigkeiten und die Modelle politischer Kommunikation. Die Studenten verstehen die Hintergründe von Nachrichtenproduktion und Nachrichten und erkennen die politische, gesellschaftliche und kulturelle Dimension der Globalisierung.

Die Absolventen kennen die grundlegenden Theorien der Wirtschaftsethik, sie verstehen die Hintergründe unserer Werte, Normen und Orientierungen und die Ursachen und Motive ökonomischer Verhaltensweisen. Die Absolventen erwerben die Fähigkeit, die Folgen zu bedenken, die sich aus ihren Wertsetzungen für ihre eigene Existenz und für die Mit- und Umwelt ergeben. Sie sollen in der Lage sein, kritisch über all das nachzudenken, was ihnen persönlich und den gesellschaftlichen Institutionen als wert und unwert, als relevant und irrelevant erscheint.

Die Absolventen analysieren in kritischer Auseinandersetzung mit sich selbst in Hinterfragung der eigenen Wertvorstellungen den Blick für wirtschaftliche und gesellschaftliche Belange. Sie können die Systeme, Methoden und Modelle der Wirtschaftsethik, Unternehmensethik und Führungsethik auf der Mikro-, Meso- und Makroebene beurteilen und bewerten.

• Research methodology 1: Basic of research; Philosophical issues
• Research methodology 2: Conceptualization, Operationalization, Measurement
• Literature Research; Critically reviewing the literature
• Designing management research (overview methods qualitative; quantitative)
• Qualitative field research
• Quantitative field research
• Quantitative methods: Sampling
• Quantitative methods: Data collection using questionnaires, interviews and observation
• Quantitative methods : Research Design
• Presentation Groupwork

Lecture with integrated practical exercises

The course provides students with the methodological background for collecting empirical data.

By the end of the course students should

• be able to transform a relative vague term of ordinary language into precise objects of study with well-defined and measurable meanings
• appreciate what a literature reviews in research entails and why it is necessary
• understand and evaluate different sources of information
• learn about different style of research (qualitative, quantitative)
• know major components of both styles
• identify the main issues to consider when preparing qualitative data for analysis
• learn about conducting qualitative field research
• Identify Strengths and Weaknesses of Qualitative Field Research
• understand the need for sampling in management research
• be aware of a range of probability and non probability techniques
• understand the advantages and disadvantages of questionnaires as a data collection method
• be able to classify research interviews in order to understand the purpose of each type
• understand the role that observation may play as a data collection method
• understand the importance of having thought carefully about the research design

The following conditions need to be met prior to registering for the module exam:

• successful completion of all first year full-time programme modules
• successful completion of second year full-time programme modules (without professional experience modules) amounting to at least 35 credit points

Additionallly:
For students who started their studies in 2008:

• succesful completion of the module "Communication in English for Business"

or, alternatively,

• BEC II certificate

For students starting their studies in 2009:

• succesful completion of the module "Communication in English for Business"

Exception for the academic year 2009/2010:
For students starting their studies before WS 2008/2009 no formal prerequisites.

• Urban design, housing, commercial and cultural builings within the inner city and its periphery.
• Developpment of creative design skills against demanding constraints.
• Highly integrated, specific support by Courses Design Theory I
• Scale from analytical work to architectural design projects between 1:2000 and 1:200.
• Guest lecturers and professors coming from an international context teaching alternating contents as compact projects, which complement the regular Projects Studios Design Theory I.
• Debate on current topics from practice, theory and research within the lecture series.

Studio delivered and project based, with students being tutored individually and in groups. This is supported by lectures that explain the principles that underlie architectural design and provide the intellectual and cultrual context for the study in achitecture.
Lectures, seminars.

The module Design Theory I seeks to establish the theoretical and professional frame to an integrated, intellectual and specific architectural debate and project making within the concentration Design Theory.
The topics center on issues to develop critical positions towards subjective reasoning in architecture and to further the ability to root these positions in the history and theory of architecture, as well as in the political, sociological, and cultural context of contemporary architecture and society. Theoretical planning and architectural articulation of space considering notions such as typology, morphology and style are fundamental topics in architectural education.

The compact projects are set to complement skills and knowledge acquired in the project studios and to broaden the horizon of the students.

The aim of the module is to provide students with the necessary architectural tools and intellectual instruments and avareness to integrate the knowledge aquired in the Courses Design Theory I into a responsible and sustainable professional behaviour.

At the end of the module each student should have the ability to demonstrate and/or work with:

• A researched understanding of design in order to take a position as a designer reflected in the ability to devise and implement strategies
• A critical understanding of the intellectual and aesthetic content of self-selected buildings that supports architectural judgement.
• Researched and critical evaluation of the briefing and performance of buildings.
• The ability to define what type of research is relevant, what questions to ask, and which formats to record the findings to best serve as a springboard to design decisions.
• Execute complex defined and self-defined projects of research, development or investigation and identify and implement relevant outcomes.
• Ability to plan and compose buildings exhibiting complexity in terms of function, scale and context.
• knowledge on the humanistic currents through the reading of selected literature
• An understanding of the history of architecture reinterpreted considering political, sociological, and economical aspects.
• An insight into the structure and the workings of the outer organs of perception and perception in general.
• Demonstrate the ability to work with other students for.
• The ability to communicate complex ideas and concepts comprehensibly in visual, oral and written forms.
• Present and evaluate arguments, information and ideas concerning the various fields discussed in this module, and the ability to integrate these aspects in their individual design thinking and work.

• Intermediate and final review with externals

All courses in the module have to be passed with a sufficient grade (minimum grade of 4.0).
The module grade will be determined from the weighted average of the single course grades.

• Project Studio Design Theory 1 82%
• Compact Project Design Theory 1 18%

• The irrelevance of corporate finance with respect to company value
• Cost of capital
• Capital value as decision element for investments
• Investment controlling and management
• Capital budgeting and risk
• New share issues and increase in share capital (problems with insider trading)
• Asymmetrical information, agency problems, manager compensation and measuring success
• Corporate financing in the case of conflict of interests
• between owners and managers
• between creditors and owners
• among several creditors
• Optimal finance structure in consideration of taxes
• Evaluation of options
• Real options
• Balance sheet analysis and methods for corporate rating (DCF, EVA, EBIT, EBITDA, ROE, ROI)
• Mergers and acquisitions

Interactive lecture with integrated practice through use of case studies.

After completing the module, the students have a broad and integrated knowledge in the area of corporate financing and corporate rating as well as an overview of the state-of-the-art research. They understand various modelling approaches where the influence of special aspects or institutions (e.g. asymmetrical information or taxes) on corporate financing is described, and they can develop and present solutions to these problems. They are additionally able to apply a range of mathematical procedures and to use them in scientific contexts to describe and solve presented problems. They are further able to employ subject-specific vocabulary according to the situation and to apply well-honed reasoning skills.

The principal concentration of the course is:

• Demonstrating the concept of irrelevance of corporate financing
• Explaining the cost of capital terminology
• Illustrating the capital value method as decision instrument
• Delineating investment controlling and management
• Outlining the principal of new share issues and increase in share capital
• Clarifying the problem of financing in the case of asymmetrical information
• Providing examples of the agency problem and illustrating various conflicts of interest
• Investigating the influence of taxes on investment activities
• Scrutinising the forms of option rating
• Practicing various methods of corporate rating
• Differentiating between mergers and acquisitions

The following conditions need to be met prior to registering for the module exam:

• successful completion of all first year full-time programme modules
• successful completion of second year full-time programme modules (without professional experience modules) amounting to at least 35 credit points

Additionallly:
For students who started their studies in 2008:

• succesful completion of the module "Communication in English for Business"

or, alternatively,

• BEC II certificate

For students starting their studies in 2009:

• succesful completion of the module "Communication in English for Business"

Exception for the academic year 2009/2010:
For students starting their studies before WS 2008/2009 no formal prerequisites.

• Building Blocks of ¿Discover Corporate Entrepreneurship

(definition, general frameworks, differences between Corporate Entrepreneurship and Start-Up Entrepreneurship, process of Corporate Entrepreneurship, forms of Corporate Entrepreneurship)

• Creating a Corporate Entrepreneurship Organisation

(personality of corporate entrepreneurs, corporate strategy and entrepreneurship, elements and development of an entrepreneurial culture)

• Entrepreneurial Performance

(constraints on entrepreneurial performance, leading an entrepreneurial organization, assessing entrepreneurial performance, sustaining entrepreneurial performance)

• Entrepreneurial Universities, Science Parks and Incubators

Examination through written assignment (60%) and quality of work % engagement during the program (40%).

• Recognising problems and analysing various topics in the area of financial services / international entrepreneurship
• Handling external as well as internal consulting assignments, where a practical assignment for internal projects is simulated
• Developing customer-specific solutions
• Communicating with project client
• Presenting the final project report
• Working in a team in a project-oriented manner

In case that the university is offering two or more different lectures within that module the student has to opt for one of these alternatives.

Seminar

After completion of the module, the students have at their disposal practical experiences in handling a consulting project in the area of corporate finance and in associating with clients from industry and business. In the course of the assignment, they utilize a range of procedures and techniques incorporated in the discipline and apply theoretical insights to practical solutions, so that they are directly prepared for their professional life. In addition, they master professional project assignment and presentation techniques and are trained to function in a team. They are also able to assume responsibility within the team, to coordinate team assignments while taking into account the interest of the business.

The learning goals of the course are:

• Applying adequate problem-solving techniques
• Recognizing customer-specific core problems
• Utilising learned methods and procedures in the discipline in a structured manner to solve a practice-oriented problem.
• Communicating professionally with the client
• Mastering professional presentation profiles
• Comprehensibly presenting results of the consulting assignment to a panel of experts
• Organising themselves into a team and assigning various roles

The following conditions need to be met prior to registering for the module exam:

• successful completion of all first year full-time programme modules
• successful completion of second year full-time programme modules (without professional experience modules) amounting to at least 35 credit points

Additionallly:
For students who started their studies in 2008:

• succesful completion of the module "Communication in English for Business"

or, alternatively,

• BEC II certificate

For students starting their studies in 2009:

• succesful completion of the module "Communication in English for Business"

Exception for the academic year 2009/2010:
For students starting their studies before WS 2008/2009 no formal prerequisites.

• Introduction of the bank and insurance systems in Liechtenstein, Germany, Switzerland and Austria
• Roles and responsibilities of banks and insurance companies
• Matching maturities
• Matching volume
• Control function
• Risk management
• Models on existence of banks and financial intermediation
• Necessity of bank regulation
• The role of national banks
• Methods for regulation of volume of money in circulation
• Methods for regulation of interest rates
• Basic aspects of deposit and credit transactions
• Practices in overall bank regulation
• Bank accounting
• Basics of bank calculation
• Insurance business
• Insurance of property
• Insurance of persons
• The role of reinsurance

Interactive lecture

After completion of the module, the students recognise the state-of-the-art pertaining to the economic and business-management aspects of the banking and insurance business.
They understand a range of economic explanations on the existence of banks and insurance companies. They realise the necessity of bank regulation and understand the distinct business-management features of banks and insurance companies. They have at their command special knowledge of the development of the banking system and the current methods and modes of operation in daily bank and insurance business.
In addition, the students apply theoretical models on bank theory, on overall bank regulation and insurance business operations in order to argue within a scientific environment as well as to be able to apply these models in a practical context.

The learning outcome of the course is:
" Describing the distinct features of the banking and insurance systems in Liechtenstein, Germany, Switzerland and Austria.
" Explaining the responsibilities of banks and insurance companies.
" Justifying and scrutinising the existence of banks
" Juxtaposing models on financial intermediation
" Demonstrating the necessity of bank regulation
" Enumerating the aspects of deposit and credit business
" Making use of practices in overall bank regulation
" Applying special requirements for bank accounting
" Understanding the basics of bank calculation
" Classifying insurance business as insurance of property and insurance of persons
" Explaining the role of reinsurance.

The following conditions need to be met prior to registering for the module exam:

• successful completion of all first year full-time programme modules
• successful completion of second year full-time programme modules (without professional experience modules) amounting to at least 35 credit points

Additionallly:
For students who started their studies in 2008:

• succesful completion of the module "Communication in English for Business"

or, alternatively,

• BEC II certificate

For students starting their studies in 2009:

• succesful completion of the module "Communication in English for Business"

Exception for the academic year 2009/2010:
For students starting their studies before WS 2008/2009 no formal prerequisites.

Following a short introduction to international economics, the module provides an understanding of the basic principles of international trade and policy:

• Definition and scope of international economics
• Fundamentals of international trade theory and policy
• actors and patterns in world trade
• trade models (Ricardian, Heckscher-Ohlin, standard)
• imperfect competition and international trade
• international factor movements
• international trade policy instruments, arguments and controversies
• Exchange rates and open economy macroeconomics
• national income and balance of payments
• money, interest and exchange rates
• International monetary system and policy
• policy goals and options
• international coordination

Interactive lecture with practical exercises (exercise course);
Seminar: case studies, private study

On completion of the module students should be able to:

• Explain why countries trade and why governments may restrict international trade
• Outline theories of international trade theory and policy
• Illustrate patterns and trends in international trade
• Classify national income and balance of payments accounts
• Summarize models of exchange rate determination
• Point out the effects of changes in international exchange rates
• Interpret international financial markets
• Distinguish government financial intervention with monetary policy
• Identify challenges in international trade and monetary policy
• Apply international trade and finance theories to practical problems

The following conditions need to be met prior to registering for the module exam:

• successful completion of all first year full-time programme modules
• successful completion of second year full-time programme modules (without professional experience modules) amounting to at least 35 credit points

Additionallly:
For students who started their studies in 2008:

• succesful completion of the module "Communication in English for Business"

or, alternatively,

• BEC II certificate

For students starting their studies in 2009:

• succesful completion of the module "Communication in English for Business"

Exception for the academic year 2009/2010:
For students starting their studies before WS 2008/2009 no formal prerequisites.