• Strategic, Dynamic and Tactical Asset Allocation
• Active Portfolio Management
• Asset Allocation, Investment Horizon and Risk Measurement
• Performance Measurement and Output Evaluation
• Discussion of the Methods of Individual Selected Journal Contributions
• Introduction to Life Insurance, Occupational Pensions and Pension Funds
• The Role of Life Insurance in Estate Planning
• Location Advantages in Liechtenstein for the Life Insurance and Pension Fund Market
• Selected Annually Changing Theoretical Questions on Wealth Management
• Role of Term Structure in Asset Allocation
• Relationship between the Real Economy and Financial Markets
• Currency Regimes and International Diversification Exchange Rate Risks in Asset Management Protection Management
• Resampling to address parameter uncertainty and time-horizon effects in portfolio management
• Planning and sequential decision making under uncertainty and Merton Framework
• Scenario representation and scenario optimization modelling in GAMS

Interactive lecture, exercises, seminar

After completion of the module, the students have at their disposal comprehensive and integrated knowledge of most core issues in wealth management and have a critical understanding of the majority of the utilised procedures and methods. They have at their command specialised knowledge of professional methods for processing data and illustrating it in a well-structured manner. They are able to show originality and creativity in the application of their knowledge and take into consideration scientific and ethical issues in the face of incomplete information. The students are able to communicate on the subject of wealth management with experts and laities and thus reflect and enlarge upon their knowledge and methods. andidates understand the fundamental difference between one-period and multi-period decision problems and how to model real-life optimization task. Those who have followed the course will be able to formulate and solve optimization problems in GAMS.

• Written examination with 120 minutes editing time (60%)
• Term paper (30%)
• Presentation (10%)
• Obligatory class participation

Web-based online evaluation upon completion of module

• 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 at 2 Colloquium days 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

• Review of relevant economic concepts focussing on financial topics
• Statistics
• Microeconomics
• Macroeconomics
• Investments
• Discussion of Case Studies

Interactive lecture, case studies

After completion of the module, the students are able to recognise and analyse challenges in the practice of corporate finance. They can explain suggestions for solutions and thereby integrate their theoretical knowledge. In discussions with instructors and fellow students they are able to assess basic approaches to solutions, to suggest their own solutions and to enlarge on concepts.

• Written exam with 60 minutes editing time (40%)
• Assignment (60%)
• 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.

• Financial Decision Theory
• Capital Market Models and Evaluation on Complete Markets
• Portfolio Management
• Critique of the Expected Utility Theory
• Prospect Theory
• Kinds and Consequences of Heuristic Distortion
• Framing
• Momentum und Contrarian Strategies
• Technical Analysis

Interactive lecture, exercises

After completion of the module, the students are able to evaluate assets by means of various models and to illustrate investment procedure. They thereby draw on current knowledge of capital market research and can show suggestions for solutions while integrating their theoretical knowledge. Events on the capital market are critically scrutinised in discussions with instructors and fellow students.

• Written examination with 120 minutes editing time (100%)

Web-based online evaluation upon completion of module

• Management and completion of a scientific project
• Moderation
• Brush-up Project Management

• Fundamental Econometrics
• Introduction to Time Series Analysis
• Introduction to Panel Data Analysis
• Introduction to Typical Econometrics and Database Software

• Fundamentals of Modern Standard Capital Market Theory
• Market Anomalies
• Information Processing in Real Capital Markets
• Statistical Characteristics of Share and Index Returns
• The Event Study Method

Interactive Lecture, Exercises

After completion of the module, the students are familiar with the significant concepts and terminology of empirical capital market research. They have at their disposal detailed knowledge of the manner in which capital market research develops and they master a range of established investigative methods. They additionally apply various computer-based procedures and methods of processing and structurally illustrating data. Within established parameters they conduct research projects and verify relevant findings. They discuss them with peers and colleagues on a professional level.

• Written examination with 120 minutes editing time (67%) - Kukuk
• Term paper (33%) - Peter
• Assignment (pass or fail) - Menichetti
• Presentation (pass or fail) - Scherrer
• Obligatory class participation

Web-based online evaluation upon completion of module

Holding-/Finanzierungsgesellschaften, Verlustverrechnung, Akquisitions-planung;
Konzernsteuerquote;
Verrechnungspreise;
grenzüberschreitende Umstrukturierungen, Sitzverlegung, Funktionsverlagerung, Vertriebsstrukturen, Lizenzierungen; Fallstudien: LI–AT–CH–DE;
Mehrwertsteuer- und Umsatzsteuerrecht

Das Modul wird aus Lehrveranstaltungen des Nachfolgecurriculums gebildet. Es gilt die SPO für C12.

The course starts with an exam in the first session at 08.30.
Subject matter of the examination: Motiwalla/Thompson (2011): Chapters 1, 2, 3, 5

Make sure that you bring a laptop with access to the moodle forum of the course.


The course focuses on enterprise systems (ES), which are large-scale application software packages that support end-to-end processes, information and document flow, several kinds of reporting, and data analytics in different kinds of organizations.

Topics:

• Benefits of enterprise systems
• Lifecycle of enterprise systems
• Enterprise resource planning (ERP) systems
• Customer relationship management (CRM) systems
• Supply chain management (SCM) systems
• Latest technological developments
• Case study: Enterprise processes in SAP

The module integrates theoretical knowledge and practical skills based on an interactive lecture that includes teaching cases.

The e-learning platform Moodle will be used throughout the course for the dissemination of course material and discussions.

See examination details. Evaluation of exams should take no longer than six weeks

The written exam is split up in an entry exam (30 points) and a final exam (60 points). Overall a minimum of 45 points must be achieved to pass the written exam part.