• Identification of a research problem and development of a research question
• Thematically formulating a problem and developing a solution through application of scientific methods
• Independence in handling a research problem determined in the course of an assessment. Discussion with the advisor about methodological and content issues in solving a research topic.
• Completion of a comprehensive assignment where the students deal with a theoretical or practice-oriented problem in their area of specialisation by drawing on scientific work methods.
• Mid-term report about the current stage of the progress during the Colloquium.
• Completion of presentation documentation on a research problem within their specialised area.
• Defense of the elaborated research topic and in-depth discussion with the examination board.

• After completion of the module, the students have acquired a detailed knowledge and a critical understanding of their research topic.

• They have at their disposal specialised knowledge of methods and procedures for processing data and explaining it in a structured manner. They exhibit originality and creativity in the application of their knowledge.

• The students complete research and development projects, applying specialised research methods, survey and development techniques by drawing on their previously acquired skills.

• Additionally, they present the significant findings of their project to academic and real economy specialists, thereby utilising various communication methods in order to illustrate complex data on a scientific level.

• Upon positive evaluation of the thesis module the Master's degree is awarded to the candidate.

• Colloquium presentation (attendance obligatory)
• Evaluation of the written thesis paper
• Presentation and defense in front of the examination board

Web-based online evaluation upon completion of module

• Profitability Analysis
• Planning and Monitoring of Target Figures in Profitability Management
• Introduction to Risk Management
• Change in Interest Rates Risk Management
• Credit Risk Management
• Application of Strategy Concepts
• Simulation of Banking Business
• Dealing with Changing Framework Conditions

Interactive lecture, exercises, computer based business game

After completion of the module, participants recognise the characteristics and terminology of comprehensive banking management. They are able to apply the corresponding concepts in a target- and problem-oriented manner, to analyse the economic and political environment of a bank and to react appropriately to changes in framework conditions.

They are additionally able to apply their knowledge in new and unfamiliar situations and to deal with limited information.

They supply solutions on professional issues and manifest competence in dealing with competitors and colleagues.

• Written examination with 90 minutes editing time (70%)
• Assignment (30%)
• Obligatory class participation

Web-based online evaluation upon completion of module

International Accounting
> Basics of tax accounting
> Deferred Taxes: Deferred tax liabilities and deferred tax assets
> Tax accounting process
> Effective tax rate and tax reconciliation

The Economics of Taxation
> Theory of Optimal Taxation
> Taxation and Saving Decisions
> Taxation and Investment Decisions
> Taxes and Capital Structure

Interactive lecture, case studies.

The module International Accounting and Taxation introduces the issues of deferred taxes and an effective tax rate. Deferred taxes mean a future tax liability or asset, resulting from temporary differences between the accounting value of assets and liabilities and their value for tax purposes. Deferred taxes are used to calculate the effective tax rate, which shows the effective tax burden of a group of affiliated companies. After completion of the course on International Accounting, the students have at their disposal comprehensive knowledge of deferred taxes and the effective tax rate.

The course of International Taxation provides a comprehensive understanding of the impact of taxation on saving and investment decisions as well as the impact on capital structures. After completion of the course, the students are familiar with the fundamentals of the economics of taxation to the extent that they can explain the influence of taxation on investment and financing decisions.

The lecture materials, legal foundations, accounting standards and illustrations of facts relating to the exercises as well as possible further materials including selected literature are available on the Hochschulforum. Additionally, all the recommended literature is accessible at the library.

1 written exam with 90 minutes editing time (80% of module grade)
1 presentation (20% of module grade)

Web-based online evaluation upon completion of module.

Quantitative Finance will cover:

• Classical linear regression model assumptions and diagnostic tests
• Expansions of the simple linear regression model to multiple linear regressions
• Long-run relationships in finance
• Models of time series volatility and covariances
• Simulational methods in finance
• Introduction to ThomsonReuters Eikon

See lectures within this module.
Class participation in "Data Sourcing and Analysis" is obligatory.

• Introduction to Financial Markets
• Interest rates and bond prices
• The structure of interest rates
• Market efficiency
• Monetary policy
• Money markets
• Bond markets
• Mortgage markets
• Derivative markets
• Introduction to Financial Economics
• Expected utility, Mean-variance and Prospect theory
• Ambiguity
• Capital Asset Pricing Model
• Behavioral CAPM
• Basic two-period models
• Arbitrage Pricing Theory

Interactive lecture with compulsory pre-readings.

After the completion of the module the students know how the most important financial markets work and which instruments are traded on them. They know and are able to use in examples the groundwork of decision theory and asset pricing models. An insight into behavioral aspects is approached.

Students...
> know how interest rates and bond prices are related and influence each other
> know different structures and theories of interest rates
> are able to explain what market efficiency is and know evidence for different stages
> can explain how monetary policy is used to influence financial markets
> know the dynamics of money, bond, derivatives and mortgage markets
> are able to use all classic decision theories to solve exemplary problems
> know the assumptions underlying each decision model
> understand what ambiguity is and how it influences decisions
> understand and are able to use different pricing models on basic exemplary problems

See lecture within the module.

• Introduction into "Big Data Analytics"
• Gathering Data with Python
• Cleaning Up Data with Python
• Interpreting Data with R
• Predictive Models with R

• Lecture with interactive elements
• Team project work

• Repeat the fundamental concepts and definitions in the area of big data analytics
• Understand the benefits of using and interpreting large data sets derived from various data sources.
• Solve assignments, especially case studies in the area of smart - Identify relationships between different types of data.
• Describe data an build prediction models.
• Compare solutions with regard to their prediction accuracy.
• Evaluation and select suitable prediction models.

Will be provided in class

Passed / failed

Assessment tasks:
Part A: 50 % Mid term presentation
Part B: 50 % Final presentation

Cross-faculty elective subject:
Notice the special Multi-stage allocation process.

Development of a 150m2 solar photovoltaics (PV) project in the area of the university of Liechtenstein. Interdisciplinary development of engineering, architectural and business aspects. The solar surface is intended to provide an architecturally sophisticated solution at the selected point in terms of design and expression. In case of success the project is planned to be realized in 2015.

• Introduction into solar photovoltaics systems and calculation tools
• Introduction to project management and effective multidisciplinary group work
• Excursion to innovative projects
• Individual coaching of project groups
• Midterm review and final presentation with expert feedback and stakeholder management

• Participant-centered learning
• Lecture with interactive elements
• Real-life team project work

After passing the course the students can run a complex interdisciplinary project with technical and business aspects:

• Get an general understanding and overview of issues on implementing solar energy
• Understand the technical basics of solar photovoltaics systems
• Compare and evaluate technical design parameters with calculation tools
• Get insights into management topics such as employee participation options, legal form of registered association, marketing, management - Understand consensus-finding between technology architecture and business aspects
• Apply practical project management by defining project goal and task plans with milestones and track progress in the group

Will be provided in class

Passed / failed

Assessment tasks:
Part A: 30 % Mid term presentation
Part B: 50 % Final presentation
Part C: 20 % Team work

Cross-faculty elective subject:
Notice the special Multi-stage allocation process.

Die Studierenden unterstützen den Aufbau einer Lernförderung (Lesen und Schreiben) für Kinder und Jugendliche in Liechtenstein, die aus verschiedenen Gründen dabei Schwierigkeiten haben. Eine Gemeinsamkeit ist, dass keine der unterstützten Personen über die finanziellen Mittel verfügt, um sich diese Unterstützung zu sichern.
Die Aufgabe der Studierenden ist es, einen Beitrag zum Abbau von Barrieren zu leisten.

Dieses Projekt, bei dem auch lokale Institutionen als Unterstützer angefragt sind, ist geprägt von "der Weg entsteht beim Gehen". Es wird sich erst am Weg zeigen, was alles notwendig ist, um zum Erfolg zu kommen. Damit findet dieses Vorhaben nicht nur im schützenden Kontext einer Lehrveranstaltung statt, sondern mitten in der unternehmerischen Realität von Innovation und Aufbau.
Kreativität und Improvisation werden immer wieder notwendig sein.

Ebenso wird diese Lehrveranstaltung einen Einblick bieten, wie man die Initiatoren beratend-begleitendes unterstützen kann.

Themenfelder, die voraussichtlich zu bearbeiten sind:

• Entwicklung von Grundstrukturen einer Organisation
• Selbst Lernhilfe für Kinder und Jugendliche geben
• Gestaltung von lernfördernden Räumen (nicht nur im physischen Sinne!)
• Umgang mit Schwierigkeiten und Widerständen
• Eine Idee weitertragen und ihr Wurzeln verleihen

• Arbeit an einem realen Projekt, welches nachhaltig etabliert werden soll.
• Gecoachte Projektarbeit
• Tutoring
• der prozessorientierte Charakter dieser Veranstaltung bedeutet, dass auch unvorhergesehene Lernformate notwendig werden können

Die Studierenden:

• verstehen prozessorientiertes Vorgehen und beschreiben die wesentlichen Faktoren für das Gelingen von nicht planbaren Prozessen
• reflektieren die eigene Lebenswelt und erkennen andere Wirklichkeiten
• analysieren die Marktgegebenheiten und identifizieren relevante Stakeholder
• erkennen ihre soziale Verantwortung, und nehme diese durch entsprechende Handlungen wahr.
• übernehmen die Verantwortung für den eigenen Lernprozess sowie für Lernprozesse anderer Menschen
• verstehen die unterschiedlichen Bedürfnisse beim Lernen und schaffen adäquate Settings.

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Bestanden/Nicht bestanden

Cross-faculty elective subject:
Notice the special Multi-stage allocation process.

Im Vordergrund jedes Auftritts und jeder Präsentation steht die Persönlichkeit, denn nur sie schafft jene Atmosphäre, in der Vertrauen und echtes Interesse entstehen können.

• StudentInnen lernen mit authentischer Ausstrahlung und Präsenz einen Raum zu betreten und einen positiven Eindruck zu erwecken.
• Einsatz der Die Körpersprache bei Auftritt und Präsentation, da diese eine entscheidende Rolle spielt, meist aber nur unbewusst eingesetzt wird.
• Die StudentInnen halten professionelle Präsentationen und werden mit Hilfe von Feedback ihre Vortragstechnik verbessern. Sie lernen den dramaturgisch schlüssigen Aufbau einer Präsentation kennen und üben, wie Sie die erforderlichen technischen Medien mit gelassener Souveränität einsetzen können.
• Variation und Einsatz des persönliche "Status" in der Kommunikation und in verschiedenen Situationen.

Erläuterung: Status wird meist verbunden mit einem bestimmten Rang, einer Position und der Macht, die eine Person in einer Organisation oder in der Gesellschaft hat. Im Alltag allerdings inszenieren wir uns über unseren Status permanent und zwar zum Teil auch unabhängig von unserer beruflichen Position. Jeder Mensch bevorzugt einen bestimmten Status. Den eigenen Status zu erhöhen gibt mehr Autorität und Durchsetzungsvermögen. Den eigenen Status zu senken und dadurch den Status des Gegenübers zu erhöhen vermittelt Empathie und Sympathie. Beides ist wichtig und in unterschiedlichen Situationen angebracht.

• Das "yes and" Prinzip, welches aus dem Improvisationstheater stammt und ein Schlüssel für positive Kommunikation und innovatives Zusammenarbeiten ist. Die StudentInnen lernen, wie sie durch den Einsatz des "yes and" Prinzips in unerwarteten Situationen Sicherheit und Vertrauen schaffen können - für sich und Ihre Gesprächspartner gleichermassen.

• Impulsvorträge
• Übungen
• Präsentationen
• Auftritte

Die Studierenden

• kennen die grundlegenden Konzepten zum erfolgreichen Präsentieren (Struktur, Medieneinsatz, Storytelling, etc.) und setzen diese um.
• professionalisieren ihr Auftreten
• vermitteln ihre Ideen in authentischer Sprache, Stimme und Körpersprache.
• erhöhen ihre Spontaneität und erweitern das Spektrum ihrer individuellen Ausdrucksmöglichkeiten.
• wenden das "Yes and" Prinzip an und können dieses auch in schwierigen Situationen zum Gelingen von Kommunikation einsetzen.
• integrieren das "Yes and" in den Umgang mit anderen Menschen, insb. in Teamarbeiten und bei kreativ-innovativen Prozessen.
• erhöhen ihre Handlungsspielräume in unerwarteten Situationen und mit schwierigen Gesprächspartnern.
• verstehen das Konzept von Status (nach Keith Johnstone)
• sind in der Lage ihren eigenen Status an die jeweilige Situation anzupassen.

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Bestanden/Nicht bestanden

Cross-faculty elective subject:
Notice the special Multi-stage allocation process.

This course looks at a wide range of philosophical topics that deal with human relations to the world from an ethical perspective. Those relations concern here in particular: the environment, political authority, art, and culture. Hence, topics touch on mainly environmental ethics (sustainability), aesthetics (beauty and goodness), political ethics (legitimacy of the state, ethics of redistribution), ethics of culture (cultural relativism vs. universalism, dialogue across cultures), etc.
Our focus will be on cornerstone philosophical theories and insights that are useful for understanding not only our relations to the world, but also our obligations and responsibility. To achieve that we'll engage with great philosophers and assess their arguments against the background of our contemporary questions.
Challenging reading materials will help access deep philosophical insights that are needed to understand complex moral and socio-political issues.

NB:
This course is meant to bring forth the relevance of a philosophical thinking in matters that concern our everyday practical lives. By investigating the foundations of the above-mentioned issues, we'll be better equipped to understand the world around us and formulate clear and well-articulated answers and opinions about matters that concern us all.

Lectures, discussions, presentations

Students will be able to:

• Describe and familiarize with traditional and contemporary philosophical theories, particularly their ethical aspects.
• Understand how philosophical insights and theories may be applied to real-life situations and how they can be helpful to tackle them.
• Identify the connections between theoretical reflections and practical applications.
• Formulate well-articulated positions and develop a critical thinking about moral and socio-political issues.

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Passed / failed

Cross-faculty elective subject:
Notice the special Multi-stage allocation process.