Module WS 2020/2021

  • Cost of capital and capital budgeting Discounted cash flow valuation and financial multiples Payout policy Equity and debt financing Applications of option pricing theory Corporate control and recapitalizationsEnterprise Risk Management
Empirical Finance will cover:
  • Foundations of Modern Standard Capital Market Theory and Capital Asset Pricing Model
  • Market Anomalies
  • The Event Study Method
  • Empirical Asset Pricing Tests
  • Key concepts of experimental research approaches
  • Testability of market and trader behavior
  • Introduction to R (Syntax, program structure, programming concepts)
  • 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
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
The course will give you a broad understanding of the Chinese civilization and its relations to the people of the western hemisphere during the last two thousand years.

  • learn about Chinese history, civilization, religions, economy and politics, including the new policies of President Xi Jinping
  • get to understand the differences in thinking, behavior and action of the Chinese in contrast to the people in the West.
  • learn about the economic relations between China, South East Asia, South Asia, Middle East and Near East and the West along the continental and maritime silk roads. The global East-West-trade is more than 2000 years old.
  • Introduction to International Tax Policy
  • Economic and Legal Principles of National and International Taxation
  • Taxation and Economic Efficiency: Optimal Taxation and Optimal Tax Systems
  • International Taxation in an Integrated and globalised World
  • International Tax Competition and International Tax Cooperation
  • International Tax and Public Finance
  • Global and regional integration of nations: APEC, ASEAN, AU, BRICS, EFTA, EU, Mercosur, NAFTA, UN
  • Global Leadership of developed and developing countries: G20, G7, OECD
  • Introduction to International Tax Standards
  • Economic and Legal Principles of National and International Taxation
  • Institutional Aspects of International Tax Standards: G20, G7, OECD, EU – NGOs
  • G20/OECD: BEPS-Inclusive Framework and Global Forum on Exchange of Tax Information
  • The International and European Fiscal Framework
  • The Regulatory Environment on Taxation: Global and European Tax Standards (G20, G7, OECD, EU)
  • International Tax Principles on International Tax Competition and International Tax Cooperation
  • International Tax Transparency on Tax Compliance: Exchange of Information and Mandatory Disclosure
  • G20/OECD: Base Erosion and Profit Shifting (BEPS), EU: Anti-Tax-Avoidance-Directives, Code-of-Conduct
  • G20/OECD: Introduction of a new World Tax Order with Pillar 1 on Digital Taxation and Pillar 2 with a Global Minimum Taxation.
Current topics in
  • Basic principles for writing academic texts
  • International Economics
  • Developments in Banking and Finance
  • Innovation Finance
  • Sustainable Finance
Extracurriculare Activities comprise of various activities that are not linked to the Curriculum of the MSc in Banking and Financial Management, which are optional and further support the studying of the Master programme.