Modules

The course covers fundamental frameworks, models, and methods with regard to innovation. Topics include managing innovation within firms, process innovation, innovation decision-making, open innovation and technology transfer, and innovation culture. A real-life case which is set up in cooperation with a company partner serves to apply knowledge on innovation management in a practical project. The developed solution should be scientifically sound and applicable in practice.

Im Rahmen eines Praktikums, welches mind. 300 Stunden dauert, wenden die Studierenden ihre BWL-Kenntnisse aus dem Studium an und reflektieren die Erfahrungen.

Im Rahmen einer initialen Praktikumsbeschreibung werden die Lernziele formuliert. Die Fähigkeit zum Transfer von Kompetenzen zwischen Studium und Praxis wird durch das Praktikum verbessert.

Formale und inhaltliche Aspekte der Erstellung eines Exposés für die Bachelor-Thesis

Die Veranstaltung dient dazu, die Studierenden mit den Themen der Produktionstheorie, Wettbewerbstheorie und Spieltheorie vertraut zu machen. Die Studierenden sind in der Lage, quantitative Antworten auf ökonomische Fragestellungen zu geben, Preis-, Angebots-, und Wettbewerbsstrategien zu entwickeln und diese in einen betriebswirtschaftlichen Kontext zu übertragen.

• Technologie:
  Produktionsfunktionen, Grenzprodukt, TRS, Skalenerträge

• Kostenminimierung:
  kurz- und langfristige Kostenminimierung, Kostenkurven

• Unternehmensangebot bei vollkommener Konkurrenz:
  Gewinnmaximierung, Angebotsentscheidung, kurz- und langfristiges Angebot

• Monopoltheorie:
  Gewinnmaximierung, Wohlfahrtsverlust, natürliches Monopol, Preisdiskriminierung

• Spieltheorie:
  Simultane Spiele, gemischte Gleichgewichte, sequenzielle und wiederholte Spiele

• Oligopoltheorie:
  Mengen- und Preisführerschaft, Kartellabsprachen

• Asymmetrische Information:
  Moralisches Risiko, Prinzipal-Agenten Beziehung, adverse Selektion

• Auktionen:
  Auktionsformen, Spieltheoretische Analyse von Auktionen, Auktionsdesign

Techniques of financial statements (with/without form sheet), elements of annual financial statements (balance sheet, earnings- & loss statement, notes, status report), balancing of accounts in general, standard of valuation (acquisition costs, cost of production, fair value), principles of balancing of accounts (prudence concept, realization principle, valuation at the lower of cost or market principle, maximum value principle), earnings- & loss statement income by nature format versus income by function format, profit distribution in corporations (with/without lock outs) and partnerships, options to capitalize, options to carry as a liability, fixed assets analysis, receivables analysis, foreign currencies receivables und foreign currencies liabilities, liability provisions analysis, liabilities analysis, special types of liability provisions, contingent liabilities, booking of various grants, income based taxes and adjustments of tax base rates, corporations in crisis (over-indebtedness), deferred taxes (deferred tax expenses and deferred tax revenues).

Basics and assignments of controlling (functions und roles of enterprises, concepts of leadership/corporate governance, enterprises as a complex system, control mechanism for enterprises), fundamentals of financial statement analysis, Du Pont ratio system of financial control, financial accounting as analysis and information instrument (flow statement, direct and indirect cash flow determination, cash flow statement, case studies), operative control by financial ratios (liquidity, stability, profitability), planning of capital requirements for a start-up planning, prospective control by financial ratios (planning instruments, assignments of operative planning, earnings plan/budgeted income and loss statement, financial budget, budgeted balance sheet), value based corporate management, cost planning und variance analysis.

Fundamentals of online trading (esp. e-commerce), economical, legal and ethical aspects of e-commerce. Business models differentiation of Business-to-Business (B2B) and Business-to-Consumers (B2C), architectures and functionalities (especially marketing, security and payment systems), technologies (intranet, extranets, web shops, collaboration systems and social media), e-government, case study

Following a short introduction to international economics, the module provides an understanding of the basic principles of international trade, trade policy and international finance. In detail the contents of the module include:

• 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

Introduction to International Marketing: basics and characteristics of international marketing, political roles, cultural and economic environments, international market research, development, implementation and coordination of international marketing programs.

Basics, assignments und objective targets of financial statements analysis, financial presentation practice (by real facts, by rights to elect a valuation, by balance sheet disclosure), types of financial statements analysis (internal, external), methods/arrangements of financial statements, ratios of financial statements analysis in an overview, financial ratios, efficiency ratios, liquidity ratios, Kralicek's Quicktest, Du Pont ratio system of financial control (ROI, ZVEI), discriminant analysis, window dressing and accounting fraud, case studies for comprehensive financial statements analysis, modern financial statements analysis (including equity based financial statements analysis).

International accounting systems in an overview, setting up of international accounting, components of annual individual financial statements (International Financial Reporting Standards - IFRS, dealing with the most important IFRS-standards und working out differences to national accounting relating to commercial law, adjustment of a financial statement relating to commercial law concerning a financial statement relating to IFRS, basics of annual consolidated financial statements (relating to commercial law versus IFRS).

The Investment Process, Financial and Portfolio Mathematics, Risky Assets, Mean-Variance Portfolio Theory, Index-Models, CAPM, APT, Multifactor Models, Equity and Fixed Income Security Analysis, Term Structure of Interest Rates, Efficient Market Hypothesis

Im Rahmen eines Praktikums, welches mind. 300 Stunden dauert, wenden die Studierenden ihre BWL-Kenntnisse aus dem Studium an und reflektieren die Erfahrungen.

Im Rahmen einer initialen Praktikumsbeschreibung werden die Lernziele formuliert. Die Fähigkeit zum Transfer von Kompetenzen zwischen Studium und Praxis wird durch das Praktikum verbessert.

Formale und inhaltliche Aspekte der Erstellung eines Exposés für die Bachelor-Thesis

• Einführung in die sozialwissenschaftliche Forschung
• Arten von wissenschaftlicher Literatur
• Literatur- und Datenbankrecherche
• Qualitätsbeurteilung von wissenschaftlicher Literatur (z.B. anhand von Journal-Rankings)
• Strukturierte Literaturanalysen
• Hypothesenentwicklung
• Zitiervorschriften (Brush-Up)
• Literaturverwaltung
• Einführung in die empirische Sozialforschung
• Forschungsdesigns (anhand von Beispielen aller Vertiefungsrichtungen)

Risk Management:

• Identification, measuring and controlling financial risks.
• Classes of Risk
• Hedging strategies
• The risk management process

Financial Institutions:

• Importance and roles of the main actors on capital and financial markets, basic knowledge of finance intermediation, regulation of banks.
• Financial Intermediation
• Bank regulation

Research Seminar

• Understand and analyze topics in financial services in one of the three offered specialization parts (Finance, Law or Tax).

Basics and assignments of controlling (functions und roles of enterprises, concepts of leadership/corporate governance, enterprises as a complex system, control mechanism for enterprises), fundamentals of financial statement analysis, Du Pont ratio system of financial control, financial accounting as analysis and information instrument (flow statement, direct and indirect cash flow determination, cash flow statement, case studies), operative control by financial ratios (liquidity, stability, profitability), planning of capital requirements for a start-up planning, prospective control by financial ratios (planning instruments, assignments of operative planning, earnings plan/budgeted income and loss statement, financial budget, budgeted balance sheet), value based corporate management, cost planning und variance analysis.

Corporate Finance:

• Investment Decision Rules
• Capital Budgeting
• Capital Structure
• Financial Distress and Payout Policy
• Corporate Valuation
• Long-Term Financing
• Short-Term Financing

Decision Theory:

• Expected utility theory
• Mean-variance theory
• Prospect theory.
• Asymmetric information
• Market efficiency
• Behavioral Finance

Part Private Banking:

• Banking and financial intermediation
• Characteristics of selected asset classes
• Fundamentals of portfolio management and asset allocation
• The wealth management process
• Client goals and constraints

Part Law of Asset Management:

• Introduction to the Law of Asset Management
• Scope of Asset Management Law & Regulation
• Types of Regulation

Part Cross-Curricular Integration Course:

• Recognition and application of contents presented in the lectures, in particular through case studies which combine the economic and legal perspective.

Introduction (e.g., Data, Information and Knowledge; Tasks of Information Management); Information Economics; Managing Information Demands (e.g., Information Requirements Analysis; Information Overload) Managing Information Supply (e.g. Information Quality; Meta-Data Management); Information Management Systems (e.g., Databases, Data Warehousing; Data Mining); Managing Information and Communication Technology (e.g., Predicting ICT Trends and Developments); Information Management Case Studies

The course covers fundamental frameworks, models, and methods with regard to innovation. Topics include managing innovation within firms, process innovation, innovation decision-making, open innovation and technology transfer, and innovation culture. A real-life case which is set up in cooperation with a company partner serves to apply knowledge on innovation management in a practical project. The developed solution should be scientifically sound and applicable in practice.

Introduction to the field of International Management.
Basic introduction to: internationalization process and -environment, reasons for internationalization, actors in the international environment, the role of culture, instruments for the identification and evaluation of markets, market entry strategies, marketing in the global firm, organizational structures and the leadership and management of international companies.

Basics in cost accounting (functions und structure), theory of costs and structures of costs (classification by attribution to units of output, classification of costs by capacity volume variance, classification und valuation of activities), systems of cost accounting, full cost accounting, cost type accounting (functions and structure, schema for transition from expenses to costs), cost centre accounting (functions and determination of cost centres, expense distribution sheet clearing of primary or secondary costs centres, determination of overhead rates), product cost accounting (cost unit accounting as job costing, as process costing or as joint costing, cost unit period accounting), direct costing (high-low points method, cost splitting), cost accounting schema, direct costing (as unit costing versus as period costing), level-by-level covering of fixed costs, budgeted costs und activity costing, decision making, accounting ratios, transition to controlling.

The course is intended to familiarise the students with basic macroeconomic issues and laws. This involves describing overall economic developments and explaining certain economic relationships. An international comparison can highlight differences and similarities between the developments of economies. Furthermore, the students will be sensitized to current topics in economic policy, and a challenge is presented by the financial markets and economic crisis of 2008/2009 and its repercussions until the present time.

Im Rahmen eines Praktikums, welches mind. 300 Stunden dauert, wenden die Studierenden ihre BWL-Kenntnisse aus dem Studium an und reflektieren die Erfahrungen.

Im Rahmen einer initialen Praktikumsbeschreibung werden die Lernziele formuliert. Die Fähigkeit zum Transfer von Kompetenzen zwischen Studium und Praxis wird durch das Praktikum verbessert.

Introduction into methodology, the basics of research foundations, research philosophies and approaches, development and the implementation and analysis of research projects.

Formale und inhaltliche Aspekte der Erstellung eines Exposés für die Bachelor-Thesis

• Einführung in die sozialwissenschaftliche Forschung
• Arten von wissenschaftlicher Literatur
• Literatur- und Datenbankrecherche
• Qualitätsbeurteilung von wissenschaftlicher Literatur (z.B. anhand von Journal-Rankings)
• Strukturierte Literaturanalysen
• Hypothesenentwicklung
• Zitiervorschriften (Brush-Up)
• Literaturverwaltung
• Einführung in die empirische Sozialforschung
• Forschungsdesigns (anhand von Beispielen aller Vertiefungsrichtungen)

The module aims at understanding technology and innovation management in companies, answering questions such as the definition of innovation and how it can be promoted or the connection between strategy and innovation. In addition to inputs in general lecture style, the students will develop and prototype a product or service based on a given technology.

Further core topics include:
- Importance and impact of technology and innovation management on society and industry, as well as the importance of according strategies

- Industry dynamics of technological innovation (sources of innovation, types and patterns, standards and design dominance, timing

- Formulating of technological innovation strategy (definition of the organization's strategic direction, choosing innovation projects, collaboration strategies, protecting of innovation)

- Implementing technological innovation strategy (organization for innovation, managing the new product development process, managing the new product development teams, crafting a deployment strategy)

Die Veranstaltung dient dazu, die Studierenden mit den Themen der Produktionstheorie, Wettbewerbstheorie und Spieltheorie vertraut zu machen. Die Studierenden sind in der Lage, quantitative Antworten auf ökonomische Fragestellungen zu geben, Preis-, Angebots-, und Wettbewerbsstrategien zu entwickeln und diese in einen betriebswirtschaftlichen Kontext zu übertragen.

• Technologie:
  Produktionsfunktionen, Grenzprodukt, TRS, Skalenerträge

• Kostenminimierung:
  kurz- und langfristige Kostenminimierung, Kostenkurven

• Unternehmensangebot bei vollkommener Konkurrenz:
  Gewinnmaximierung, Angebotsentscheidung, kurz- und langfristiges Angebot

• Monopoltheorie:
  Gewinnmaximierung, Wohlfahrtsverlust, natürliches Monopol, Preisdiskriminierung

• Spieltheorie:
  Simultane Spiele, gemischte Gleichgewichte, sequenzielle und wiederholte Spiele

• Oligopoltheorie:
  Mengen- und Preisführerschaft, Kartellabsprachen

• Asymmetrische Information:
  Moralisches Risiko, Prinzipal-Agenten Beziehung, adverse Selektion

• Auktionen:
  Auktionsformen, Spieltheoretische Analyse von Auktionen, Auktionsdesign

Techniques of financial statements (with/without form sheet), elements of annual financial statements (balance sheet, earnings- & loss statement, notes, status report), balancing of accounts in general, standard of valuation (acquisition costs, cost of production, fair value), principles of balancing of accounts (prudence concept, realization principle, valuation at the lower of cost or market principle, maximum value principle), earnings- & loss statement income by nature format versus income by function format, profit distribution in corporations (with/without lock outs) and partnerships, options to capitalize, options to carry as a liability, fixed assets analysis, receivables analysis, foreign currencies receivables und foreign currencies liabilities, liability provisions analysis, liabilities analysis, special types of liability provisions, contingent liabilities, booking of various grants, income based taxes and adjustments of tax base rates, corporations in crisis (over-indebtedness), deferred taxes (deferred tax expenses and deferred tax revenues).

Basics and assignments of controlling (functions und roles of enterprises, concepts of leadership/corporate governance, enterprises as a complex system, control mechanism for enterprises), fundamentals of financial statement analysis, Du Pont ratio system of financial control, financial accounting as analysis and information instrument (flow statement, direct and indirect cash flow determination, cash flow statement, case studies), operative control by financial ratios (liquidity, stability, profitability), planning of capital requirements for a start-up planning, prospective control by financial ratios (planning instruments, assignments of operative planning, earnings plan/budgeted income and loss statement, financial budget, budgeted balance sheet), value based corporate management, cost planning und variance analysis.

Fundamentals of online trading (esp. e-commerce), economical, legal and ethical aspects of e-commerce. Business models differentiation of Business-to-Business (B2B) and Business-to-Consumers (B2C), architectures and functionalities (especially marketing, security and payment systems), technologies (intranet, extranets, web shops, collaboration systems and social media), e-government, case study

Finanzwirtschaftliche Modelle, Finanzmathematik, Investitionsrechnung, Finanzierung, Finanzinstitutionen, Derivative Finanzinstrumente, Unternehmensfinanzierung, Unternehmensbewertung

The module law includes an introduction into the public law of Liechtenstein and principles of civil right.

• Introduction to the legal system of Liechtenstein
• Regional specifics of the Liechtenstein state form
• Priciples of the state organisation law
• Legislative process
• Function oft he EEA and impact of EEA membership on the legal system of Liechtenstein
• Legal business
• General law of obligations (Performance disruption, warranty, changes in the contractual obligation)
• Contract law (types of contracts)
• Tort law
• Property law
• Consumer protection law

Das Modul Grundlagen des Wirtschaftsrechts und Corporate Governance baut auf den im Modul Einführung in das Recht erworbenen Rechtskenntnissen auf, und erweitert diese um wesentliche Aspekte aus folgenden Bereichen:

• Das Recht der Aktiengesellschaft und der Gesellschaft mit beschränkter Haftung
• Corporate Governance
• Kapitalmarktrecht
• Stiftungs- und Anstaltsrecht
• Trustrecht
• Erbrecht
• Arbeitsrecht
• Handelsrecht
• Zivilprozessrecht
• Strafrecht und im Speziellen Wirtschaftsstrafrecht
• Internationales Gesellschaftsrecht

Following a short introduction to international economics, the module provides an understanding of the basic principles of international trade, trade policy and international finance. In detail the contents of the module include:

• 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

Introduction to International Marketing: basics and characteristics of international marketing, political roles, cultural and economic environments, international market research, development, implementation and coordination of international marketing programs.

Basics, assignments und objective targets of financial statements analysis, financial presentation practice (by real facts, by rights to elect a valuation, by balance sheet disclosure), types of financial statements analysis (internal, external), methods/arrangements of financial statements, ratios of financial statements analysis in an overview, financial ratios, efficiency ratios, liquidity ratios, Kralicek's Quicktest, Du Pont ratio system of financial control (ROI, ZVEI), discriminant analysis, window dressing and accounting fraud, case studies for comprehensive financial statements analysis, modern financial statements analysis (including equity based financial statements analysis).

International accounting systems in an overview, setting up of international accounting, components of annual individual financial statements (International Financial Reporting Standards - IFRS, dealing with the most important IFRS-standards und working out differences to national accounting relating to commercial law, adjustment of a financial statement relating to commercial law concerning a financial statement relating to IFRS, basics of annual consolidated financial statements (relating to commercial law versus IFRS).

Basics in cost accounting (functions und structure), theory of costs and structures of costs (classification by attribution to units of output, classification of costs by capacity volume variance, classification und valuation of activities), systems of cost accounting, full cost accounting, cost type accounting (functions and structure, schema for transition from expenses to costs), cost centre accounting (functions and determination of cost centres, expense distribution sheet clearing of primary or secondary costs centres, determination of overhead rates), product cost accounting (cost unit accounting as job costing, as process costing or as joint costing, cost unit period accounting), direct costing (high-low points method, cost splitting), cost accounting schema, direct costing (as unit costing versus as period costing), level-by-level covering of fixed costs, budgeted costs und activity costing, decision making, accounting ratios, transition to controlling.

Die Veranstaltung dient dazu, die Studierenden mit den grundlegenden makroökonomischen Zusammenhängen und Gesetzmässigkeiten in Volkswirtschaften vertraut zu machen. Es geht darum, gesamtwirtschaftliche Entwicklungen zu beschreiben und gewisse gesamtwirtschaftliche Beziehungen zu erklären. Ein internationaler Vergleich kann hierbei Unterschiede und Gemeinsamkeiten in der Entwicklung von Volkswirtschaften herausarbeiten. Darüber hinaus sollen die Studierenden sensibilisiert werden für aktuelle wirtschaftspolitische Probleme, eine Herausforderung stellt die Finanz- und Wirtschaftskrise 2008/2009 und die Auswirkungen bis in die jüngste Zeit.

Im Modul "Operations Management" werden grundlegende Konzepte, Modelle und Methoden der betrieblichen Leistungserstellung behandelt und in Übungen praktisch angewendet. Zu den wesentlichen Lerninhalten zählen: Grundlagen der betrieblichen Leistungserstellung (insb. wirtschaftliche Zielsetzungen, Transformationsebenen im Unternehmen, Faktor- und Prozessbetrachtung), Beschaffung (insb. Bedarfsermittlung, Make-or-Buy-Entscheidungen, Nachfrageprognose, Bestandsmanagement), Produktion (insb. Produktions- und Ablaufplanung, Prozessdesign, Produktionsmanagement, Qualitätsmanagement) und Logistik (insb. Standortplanung, Transport, Supply Chain Management)

The Investment Process, Financial and Portfolio Mathematics, Risky Assets, Mean-Variance Portfolio Theory, Index-Models, CAPM, APT, Multifactor Models, Equity and Fixed Income Security Analysis, Term Structure of Interest Rates, Efficient Market Hypothesis

Im Rahmen eines Praktikums, welches mind. 300 Stunden dauert, wenden die Studierenden ihre BWL-Kenntnisse aus dem Studium an und reflektieren die Erfahrungen.

Im Rahmen einer initialen Praktikumsbeschreibung werden die Lernziele formuliert. Die Fähigkeit zum Transfer von Kompetenzen zwischen Studium und Praxis wird durch das Praktikum verbessert.

Risk Management:

• Identification, measuring and controlling financial risks.
• Classes of Risk
• Hedging strategies
• The risk management process

Financial Institutions:

• Importance and roles of the main actors on capital and financial markets, basic knowledge of finance intermediation, regulation of banks.
• Financial Intermediation
• Bank regulation

Research Seminar

• Understand and analyze topics in financial services in one of the three offered specialization parts (Finance, Law or Tax).

Descriptive statistics with numerical measures, graphical and tabular representations (measures of location, measures of variability, measures of association between two variables, pie charts, dot plots, bar charts, histograms, box plots, scatter plots, contingency tables), simple linear regression (ordinary least squares, ANOVA-table, R-squared, residual standard error, Tukey-Anscombe plot)
Probability theory (definition of a probability space, general addition rules, Laplace models, combinatorics, decision trees, Bayes' theorem, random variables and their distributions, measures of location, variability, skewness and curtosis as measures for the shape of distribution, calculation rules for expectations, variances and covariances, binomial, normal, t-, chi-square and F-distributions, central limit theorem)
Statistical inference (basic notions of statistical testing procedures like hypotheses, type 1 error, type 2 error, test statistic, decision rule, p-value, power; applications of binomial, t-, F- and chi-square-tests; point and interval estimates for probabilities and means)

Techniques of financial statements (with/without form sheet), elements of annual financial statements (balance sheet, earnings- & loss statement, notes, status report), balancing of accounts in general, standard of valuation (acquisition costs, cost of production, fair value), principles of balancing of accounts (prudence concept, realization principle, valuation at the lower of cost or market principle, maximum value principle), earnings- & loss statement income by nature format versus income by function format, profit distribution in corporations (with/without lock outs) and partnerships, options to capitalize, options to carry as a liability, fixed assets analysis, receivables analysis, foreign currencies receivables und foreign currencies liabilities, liability provisions analysis, liabilities analysis, special types of liability provisions, contingent liabilities, booking of various grants, income based taxes and adjustments of tax base rates, corporations in crisis (over-indebtedness), deferred taxes (deferred tax expenses and deferred tax revenues).

Basics and assignments of controlling (functions und roles of enterprises, concepts of leadership/corporate governance, enterprises as a complex system, control mechanism for enterprises), fundamentals of financial statement analysis, Du Pont ratio system of financial control, financial accounting as analysis and information instrument (flow statement, direct and indirect cash flow determination, cash flow statement, case studies), operative control by financial ratios (liquidity, stability, profitability), planning of capital requirements for a start-up planning, prospective control by financial ratios (planning instruments, assignments of operative planning, earnings plan/budgeted income and loss statement, financial budget, budgeted balance sheet), value based corporate management, cost planning und variance analysis.

Corporate Finance:

• Investment Decision Rules
• Capital Budgeting
• Capital Structure
• Financial Distress and Payout Policy
• Corporate Valuation
• Long-Term Financing
• Short-Term Financing

Decision Theory:

• Expected utility theory
• Mean-variance theory
• Prospect theory.
• Asymmetric information
• Market efficiency
• Behavioral Finance

Part Private Banking:

• Banking and financial intermediation
• Characteristics of selected asset classes
• Fundamentals of portfolio management and asset allocation
• The wealth management process
• Client goals and constraints

Part Law of Asset Management:

• Introduction to the Law of Asset Management
• Scope of Asset Management Law & Regulation
• Types of Regulation

Part Cross-Curricular Integration Course:

• Recognition and application of contents presented in the lectures, in particular through case studies which combine the economic and legal perspective.

Basics of financial accounting, stocktaking and inventory, modes of accounting (stock accounts, income statement accounts, private accounts, goods and inventory accounts, payment accounts in due consideration of reconsignments) reductions and discounts, income calculations, documentary evidence, system of value added tax and its accounting, accounting of further cases in trading firms and production companies, accounting of wages and salaries, accounts receivables, accounts payables, accounting problems of fixed assets (depreciation, amortization, revaluation, special forms of depreciation and index to appendices) accounting problems of current assets(calculation of goods and materials employed and its accounting, cases of valuation of receivables, inventory changes), accruals and deferrals, accrued liabilities, liabilities, problems of hidden reserves (creation and disclosure).

Finanzwirtschaftliche Modelle, Finanzmathematik, Investitionsrechnung, Finanzierung, Finanzinstitutionen, Derivative Finanzinstrumente, Unternehmensfinanzierung, Unternehmensbewertung

Introduction (e.g., Data, Information and Knowledge; Tasks of Information Management); Information Economics; Managing Information Demands (e.g., Information Requirements Analysis; Information Overload) Managing Information Supply (e.g. Information Quality; Meta-Data Management); Information Management Systems (e.g., Databases, Data Warehousing; Data Mining); Managing Information and Communication Technology (e.g., Predicting ICT Trends and Developments); Information Management Case Studies

Grundlagen und Berufsbilder der Wirtschaftsinformatik, E-Business, E-Commerce, Collaborative Systems, Informationssysteme und -strategie, Enterprise Resource Planning, Geschäftsprozessmanagement, Informationsmanagement, Wissensmanagement, Benutzergerechte Gestaltung von Informationssystemen, IT-Projektmanagement, Nachhaltige Informationssystemgestaltung, Fallstudien zum Informationsmanagement

The course covers fundamental frameworks, models, and methods with regard to innovation. Topics include managing innovation within firms, process innovation, innovation decision-making, open innovation and technology transfer, and innovation culture. A real-life case which is set up in cooperation with a company partner serves to apply knowledge on innovation management in a practical project. The developed solution should be scientifically sound and applicable in practice.

Basics in cost accounting (functions und structure), theory of costs and structures of costs (classification by attribution to units of output, classification of costs by capacity volume variance, classification und valuation of activities), systems of cost accounting, full cost accounting, cost type accounting (functions and structure, schema for transition from expenses to costs), cost centre accounting (functions and determination of cost centres, expense distribution sheet clearing of primary or secondary costs centres, determination of overhead rates), product cost accounting (cost unit accounting as job costing, as process costing or as joint costing, cost unit period accounting), direct costing (high-low points method, cost splitting), cost accounting schema, direct costing (as unit costing versus as period costing), level-by-level covering of fixed costs, budgeted costs und activity costing, decision making, accounting ratios, transition to controlling.

The course is intended to familiarise the students with basic macroeconomic issues and laws. This involves describing overall economic developments and explaining certain economic relationships. An international comparison can highlight differences and similarities between the developments of economies. Furthermore, the students will be sensitized to current topics in economic policy, and a challenge is presented by the financial markets and economic crisis of 2008/2009 and its repercussions until the present time.

Ziel der Veranstaltung ist es, den Studierenden eine Einführung in die Grundlagen der Mikroökonomie zu geben. Dies umfasst die Grundkonzepte der Haushaltstheorie (Budgetbeschränkung, Präferenzen und Nutzen, Nachfrageentscheidung, Slutsky-Zerlegung), Marktnachfrage und -angebot, Gleichgewicht, Tausch und Wohlfahrt sowie Entscheidungen unter Unsicherheit.

• Optimale Konsumentscheidung
  Budgetbeschränkung, Präferenzen, Grenznutzen und MRS
  Substitutionsverfahren, Lagrange-Funktion

• Nachfrage
  Normale und inferiore Güter, EK-Kurve, Engel-Kurve
  Gewöhnliche Güter und Giffen-Güter, PK-Kurve, Nachfragekurve

• Slutzky-Gleichung
  Einkommens- und Substitutionseffekt, kompensierende und äquivalente Variation

• Marktnachfrage und Konsumentenrente
  Elastizitäten, Konsumentenrente, Kosten-Nutzen Analyse

• Marktgleichgewicht
  Inverse Angebots- und Nachfragekurven, Steuerinzidenz, Mengen- und wertsteuern

• Intertemporäre Entscheidung
  Intertemporäre Entscheidungen, Komparative Statik, Inflation,

• Entscheidungen unter Unsicherheit
  Erwarteter Nutzen, Risikoeinstellungen, Sicherheitsäquivalent und Risikoprämie

Im Rahmen eines Praktikums, welches mind. 300 Stunden dauert, wenden die Studierenden ihre BWL-Kenntnisse aus dem Studium an und reflektieren die Erfahrungen.

Im Rahmen einer initialen Praktikumsbeschreibung werden die Lernziele formuliert. Die Fähigkeit zum Transfer von Kompetenzen zwischen Studium und Praxis wird durch das Praktikum verbessert.

Introduction into methodology, the basics of research foundations, research philosophies and approaches, development and the implementation and analysis of research projects.

Formale und inhaltliche Aspekte der Erstellung eines Exposés für die Bachelor-Thesis

• Einführung in die sozialwissenschaftliche Forschung
• Arten von wissenschaftlicher Literatur
• Literatur- und Datenbankrecherche
• Qualitätsbeurteilung von wissenschaftlicher Literatur (z.B. anhand von Journal-Rankings)
• Strukturierte Literaturanalysen
• Hypothesenentwicklung
• Zitiervorschriften (Brush-Up)
• Literaturverwaltung
• Einführung in die empirische Sozialforschung
• Forschungsdesigns (anhand von Beispielen aller Vertiefungsrichtungen)

Descriptive statistics with numerical measures, graphical and tabular representations (measures of location, measures of variability, measures of association between two variables, pie charts, dot plots, bar charts, histograms, box plots, scatter plots, contingency tables), simple linear regression (ordinary least squares, ANOVA-table, R-squared, residual standard error, Tukey-Anscombe plot)
Probability theory (definition of a probability space, general addition rules, Laplace models, combinatorics, decision trees, Bayes' theorem, random variables and their distributions, measures of location, variability, skewness and curtosis as measures for the shape of distribution, calculation rules for expectations, variances and covariances, binomial, normal, t-, chi-square and F-distributions, central limit theorem), Statistical inference (basic notions of statistical testing procedures like hypotheses, type 1 error, type 2 error, test statistic, decision rule, p-value, power; applications of binomial, t-, F- and chi-square-tests; point and interval estimates for probabilities and means)

The module aims at understanding technology and innovation management in companies, answering questions such as the definition of innovation and how it can be promoted or the connection between strategy and innovation. In addition to inputs in general lecture style, the students will develop and prototype a product or service based on a given technology.

Further core topics include:
- Importance and impact of technology and innovation management on society and industry, as well as the importance of according strategies

- Industry dynamics of technological innovation (sources of innovation, types and patterns, standards and design dominance, timing

- Formulating of technological innovation strategy (definition of the organization's strategic direction, choosing innovation projects, collaboration strategies, protecting of innovation)

- Implementing technological innovation strategy (organization for innovation, managing the new product development process, managing the new product development teams, crafting a deployment strategy)

Die Veranstaltung dient dazu, die Studierenden mit den Themen der Produktionstheorie, Wettbewerbstheorie und Spieltheorie vertraut zu machen. Die Studierenden sind in der Lage, quantitative Antworten auf ökonomische Fragestellungen zu geben, Preis-, Angebots-, und Wettbewerbsstrategien zu entwickeln und diese in einen betriebswirtschaftlichen Kontext zu übertragen.

• Technologie:
  Produktionsfunktionen, Grenzprodukt, TRS, Skalenerträge

• Kostenminimierung:
  kurz- und langfristige Kostenminimierung, Kostenkurven

• Unternehmensangebot bei vollkommener Konkurrenz:
  Gewinnmaximierung, Angebotsentscheidung, kurz- und langfristiges Angebot

• Monopoltheorie:
  Gewinnmaximierung, Wohlfahrtsverlust, natürliches Monopol, Preisdiskriminierung

• Spieltheorie:
  Simultane Spiele, gemischte Gleichgewichte, sequenzielle und wiederholte Spiele

• Oligopoltheorie:
  Mengen- und Preisführerschaft, Kartellabsprachen

• Asymmetrische Information:
  Moralisches Risiko, Prinzipal-Agenten Beziehung, adverse Selektion

• Auktionen:
  Auktionsformen, Spieltheoretische Analyse von Auktionen, Auktionsdesign

Techniques of financial statements (with/without form sheet), elements of annual financial statements (balance sheet, earnings- & loss statement, notes, status report), balancing of accounts in general, standard of valuation (acquisition costs, cost of production, fair value), principles of balancing of accounts (prudence concept, realization principle, valuation at the lower of cost or market principle, maximum value principle), earnings- & loss statement income by nature format versus income by function format, profit distribution in corporations (with/without lock outs) and partnerships, options to capitalize, options to carry as a liability, fixed assets analysis, receivables analysis, foreign currencies receivables und foreign currencies liabilities, liability provisions analysis, liabilities analysis, special types of liability provisions, contingent liabilities, booking of various grants, income based taxes and adjustments of tax base rates, corporations in crisis (over-indebtedness), deferred taxes (deferred tax expenses and deferred tax revenues).

Basics and assignments of controlling (functions und roles of enterprises, concepts of leadership/corporate governance, enterprises as a complex system, control mechanism for enterprises), fundamentals of financial statement analysis, Du Pont ratio system of financial control, financial accounting as analysis and information instrument (flow statement, direct and indirect cash flow determination, cash flow statement, case studies), operative control by financial ratios (liquidity, stability, profitability), planning of capital requirements for a start-up planning, prospective control by financial ratios (planning instruments, assignments of operative planning, earnings plan/budgeted income and loss statement, financial budget, budgeted balance sheet), value based corporate management, cost planning und variance analysis.

Fundamentals of online trading (esp. e-commerce), economical, legal and ethical aspects of e-commerce. Business models differentiation of Business-to-Business (B2B) and Business-to-Consumers (B2C), architectures and functionalities (especially marketing, security and payment systems), technologies (intranet, extranets, web shops, collaboration systems and social media), e-government, case study

Basics of financial accounting, stocktaking and inventory, modes of accounting (stock accounts, income statement accounts, private accounts, goods and inventory accounts, payment accounts in due consideration of reconsignments) reductions and discounts, income calculations, documentary evidence, system of value added tax and its accounting, accounting of further cases in trading firms and production companies, accounting of wages and salaries, accounts receivables, accounts payables, accounting problems of fixed assets (depreciation, amortization, revaluation, special forms of depreciation and index to appendices) accounting problems of current assets(calculation of goods and materials employed and its accounting, cases of valuation of receiveables, inventory changes), accruals and deferrals, accrued liabilities, liabilities, problems of hidden reserves (creation and disclosure).

Finanzwirtschaftliche Modelle, Finanzmathematik, Investitionsrechnung, Finanzierung, Finanzinstitutionen, Derivative Finanzinstrumente, Unternehmensfinanzierung, Unternehmensbewertung

The module law includes an introduction into the public law of Liechtenstein and principles of civil right.

• Introduction to the legal system of Liechtenstein
• Regional specifics of the Liechtenstein state form
• Priciples of the state organisation law
• Legislative process
• Function oft he EEA and impact of EEA membership on the legal system of Liechtenstein
• Legal business
• General law of obligations (Performance disruption, warranty, changes in the contractual obligation)
• Contract law (types of contracts)
• Tort law
• Property law
• Consumer protection law

Das Modul Grundlagen des Wirtschaftsrechts und Corporate Governance baut auf den im Modul Einführung in das Recht erworbenen Rechtskenntnissen auf, und erweitert diese um wesentliche Aspekte aus folgenden Bereichen:

• Das Recht der Aktiengesellschaft und der Gesellschaft mit beschränkter Haftung
• Corporate Governance
• Kapitalmarktrecht
• Stiftungs- und Anstaltsrecht
• Trustrecht
• Erbrecht
• Arbeitsrecht
• Handelsrecht
• Zivilprozessrecht
• Strafrecht und im Speziellen Wirtschaftsstrafrecht
• Internationales Gesellschaftsrecht

Grundlagen und Berufsbilder der Wirtschaftsinformatik, E-Business, E-Commerce, Collaborative Systems, Informationssysteme und -strategie, Enterprise Resource Planning, Geschäftsprozessmanagement, Informationsmanagement, Wissensmanagement, Benutzergerechte Gestaltung von Informationssystemen, IT-Projektmanagement, Nachhaltige Informationssystemgestaltung, Fallstudien zum Informationsmanagement

Following a short introduction to international economics, the module provides an understanding of the basic principles of international trade, trade policy and international finance. In detail the contents of the module include:

• 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

Introduction to International Marketing: basics and characteristics of international marketing, political roles, cultural and economic environments, international market research, development, implementation and coordination of international marketing programs.

Basics, assignments und objective targets of financial statements analysis, financial presentation practice (by real facts, by rights to elect a valuation, by balance sheet disclosure), types of financial statements analysis (internal, external), methods/arrangements of financial statements, ratios of financial statements analysis in an overview, financial ratios, efficiency ratios, liquidity ratios, Kralicek's Quicktest, Du Pont ratio system of financial control (ROI, ZVEI), discriminant analysis, window dressing and accounting fraud, case studies for comprehensive financial statements analysis, modern financial statements analysis (including equity based financial statements analysis).

International accounting systems in an overview, setting up of international accounting, components of annual individual financial statements (International Financial Reporting Standards - IFRS, dealing with the most important IFRS-standards und working out differences to national accounting relating to commercial law, adjustment of a financial statement relating to commercial law concerning a financial statement relating to IFRS, basics of annual consolidated financial statements (relating to commercial law versus IFRS).

Basics in cost accounting (functions und structure), theory of costs and structures of costs (classification by attribution to units of output, classification of costs by capacity volume variance, classification und valuation of activities), systems of cost accounting, full cost accounting, cost type accounting (functions and structure, schema for transition from expenses to costs), cost centre accounting (functions and determination of cost centres, expense distribution sheet clearing of primary or secondary costs centres, determination of overhead rates), product cost accounting (cost unit accounting as job costing, as process costing or as joint costing, cost unit period accounting), direct costing (high-low points method, cost splitting), cost accounting schema, direct costing (as unit costing versus as period costing), level-by-level covering of fixed costs, budgeted costs und activity costing, decision making, accounting ratios, transition to controlling.

Die Veranstaltung dient dazu, die Studierenden mit den grundlegenden makroökonomischen Zusammenhängen und Gesetzmässigkeiten in Volkswirtschaften vertraut zu machen. Es geht darum, gesamtwirtschaftliche Entwicklungen zu beschreiben und gewisse gesamtwirtschaftliche Beziehungen zu erklären. Ein internationaler Vergleich kann hierbei Unterschiede und Gemeinsamkeiten in der Entwicklung von Volkswirtschaften herausarbeiten. Darüber hinaus sollen die Studierenden sensibilisiert werden für aktuelle wirtschaftspolitische Probleme, eine Herausforderung stellt die Finanz- und Wirtschaftskrise 2008/2009 und die Auswirkungen bis in die jüngste Zeit.

Das Modul umfasst eine grundlegende Einführung in die Managementlehre. Dies wird einerseits über die Vorlesungen zu den Grundlagen des Managements sowie zu Marketing und andererseits über ein integratives Zahnradelement erreicht.
Im Detail vermittelt das Modul ein Grundverständnis der wichtigsten Elemente von Unternehmen und deren Zusammenhänge. Andererseits werden Themen aufgegriffen, die den Mitarbeiter und die Mitarbeiterführung im Unternehmen betreffen. Ein weiterer Fokus liegt auf dem Themenbereich Marketing.

Im Modul "Operations Management" werden grundlegende Konzepte, Modelle und Methoden der betrieblichen Leistungserstellung behandelt und in Übungen praktisch angewendet. Zu den wesentlichen Lerninhalten zählen: Grundlagen der betrieblichen Leistungserstellung (insb. wirtschaftliche Zielsetzungen, Transformationsebenen im Unternehmen, Faktor- und Prozessbetrachtung), Beschaffung (insb. Bedarfsermittlung, Make-or-Buy-Entscheidungen, Nachfrageprognose, Bestandsmanagement), Produktion (insb. Produktions- und Ablaufplanung, Prozessdesign, Produktionsmanagement, Qualitätsmanagement) und Logistik (insb. Standortplanung, Transport, Supply Chain Management)

The Investment Process, Financial and Portfolio Mathematics, Risky Assets, Mean-Variance Portfolio Theory, Index-Models, CAPM, APT, Multifactor Models, Equity and Fixed Income Security Analysis, Term Structure of Interest Rates, Efficient Market Hypothesis

Im Rahmen eines Praktikums, welches mind. 300 Stunden dauert, wenden die Studierenden ihre BWL-Kenntnisse aus dem Studium an und reflektieren die Erfahrungen.

Im Rahmen einer initialen Praktikumsbeschreibung werden die Lernziele formuliert. Die Fähigkeit zum Transfer von Kompetenzen zwischen Studium und Praxis wird durch das Praktikum verbessert.

Formale und inhaltliche Aspekte der Erstellung eines Exposés für die Bachelor-Thesis

• Einführung in die sozialwissenschaftliche Forschung
• Arten von wissenschaftlicher Literatur
• Literatur- und Datenbankrecherche
• Qualitätsbeurteilung von wissenschaftlicher Literatur (z.B. anhand von Journal-Rankings)
• Strukturierte Literaturanalysen
• Hypothesenentwicklung
• Zitiervorschriften (Brush-Up)
• Literaturverwaltung
• Einführung in die empirische Sozialforschung
• Forschungsdesigns (anhand von Beispielen aller Vertiefungsrichtungen)

Risk Management:

• Identification, measuring and controlling financial risks.
• Classes of Risk
• Hedging strategies
• The risk management process

Financial Institutions:

• Importance and roles of the main actors on capital and financial markets, basic knowledge of finance intermediation, regulation of banks.
• Financial Intermediation
• Bank regulation

Research Seminar

• Understand and analyze topics in financial services in one of the three offered specialization parts (Finance, Law or Tax).

Descriptive statistics with numerical measures, graphical and tabular representations (measures of location, measures of variability, measures of association between two variables, pie charts, dot plots, bar charts, histograms, box plots, scatter plots, contingency tables), simple linear regression (ordinary least squares, ANOVA-table, R-squared, residual standard error, Tukey-Anscombe plot)
Probability theory (definition of a probability space, general addition rules, Laplace models, combinatorics, decision trees, Bayes' theorem, random variables and their distributions, measures of location, variability, skewness and curtosis as measures for the shape of distribution, calculation rules for expectations, variances and covariances, binomial, normal, t-, chi-square and F-distributions, central limit theorem)
Statistical inference (basic notions of statistical testing procedures like hypotheses, type 1 error, type 2 error, test statistic, decision rule, p-value, power; applications of binomial, t-, F- and chi-square-tests; point and interval estimates for probabilities and means)

Techniques of financial statements (with/without form sheet), elements of annual financial statements (balance sheet, earnings- & loss statement, notes, status report), balancing of accounts in general, standard of valuation (acquisition costs, cost of production, fair value), principles of balancing of accounts (prudence concept, realization principle, valuation at the lower of cost or market principle, maximum value principle), earnings- & loss statement income by nature format versus income by function format, profit distribution in corporations (with/without lock outs) and partnerships, options to capitalize, options to carry as a liability, fixed assets analysis, receivables analysis, foreign currencies receivables und foreign currencies liabilities, liability provisions analysis, liabilities analysis, special types of liability provisions, contingent liabilities, booking of various grants, income based taxes and adjustments of tax base rates, corporations in crisis (over-indebtedness), deferred taxes (deferred tax expenses and deferred tax revenues).

Basics and assignments of controlling (functions und roles of enterprises, concepts of leadership/corporate governance, enterprises as a complex system, control mechanism for enterprises), fundamentals of financial statement analysis, Du Pont ratio system of financial control, financial accounting as analysis and information instrument (flow statement, direct and indirect cash flow determination, cash flow statement, case studies), operative control by financial ratios (liquidity, stability, profitability), planning of capital requirements for a start-up planning, prospective control by financial ratios (planning instruments, assignments of operative planning, earnings plan/budgeted income and loss statement, financial budget, budgeted balance sheet), value based corporate management, cost planning und variance analysis.

Corporate Finance:

• Investment Decision Rules
• Capital Budgeting
• Capital Structure
• Financial Distress and Payout Policy
• Corporate Valuation
• Long-Term Financing
• Short-Term Financing

Decision Theory:

• Expected utility theory
• Mean-variance theory
• Prospect theory.
• Asymmetric information
• Market efficiency
• Behavioral Finance

Part Private Banking:

• Banking and financial intermediation
• Characteristics of selected asset classes
• Fundamentals of portfolio management and asset allocation
• The wealth management process
• Client goals and constraints

Part Law of Asset Management:

• Introduction to the Law of Asset Management
• Scope of Asset Management Law & Regulation
• Types of Regulation

Part Cross-Curricular Integration Course:

• Recognition and application of contents presented in the lectures, in particular through case studies which combine the economic and legal perspective.

Basics of financial accounting, stocktaking and inventory, modes of accounting (stock accounts, income statement accounts, private accounts, goods and inventory accounts, payment accounts in due consideration of reconsignments) reductions and discounts, income calculations, documentary evidence, system of value added tax and its accounting, accounting of further cases in trading firms and production companies, accounting of wages and salaries, accounts receivables, accounts payables, accounting problems of fixed assets (depreciation, amortization, revaluation, special forms of depreciation and index to appendices) accounting problems of current assets(calculation of goods and materials employed and its accounting, cases of valuation of receivables, inventory changes), accruals and deferrals, accrued liabilities, liabilities, problems of hidden reserves (creation and disclosure).

Finanzwirtschaftliche Modelle, Finanzmathematik, Investitionsrechnung, Finanzierung, Finanzinstitutionen, Derivative Finanzinstrumente, Unternehmensfinanzierung, Unternehmensbewertung

Introduction (e.g., Data, Information and Knowledge; Tasks of Information Management); Information Economics; Managing Information Demands (e.g., Information Requirements Analysis; Information Overload) Managing Information Supply (e.g. Information Quality; Meta-Data Management); Information Management Systems (e.g., Databases, Data Warehousing; Data Mining); Managing Information and Communication Technology (e.g., Predicting ICT Trends and Developments); Information Management Case Studies

Grundlagen und Berufsbilder der Wirtschaftsinformatik, E-Business, E-Commerce, Collaborative Systems, Informationssysteme und -strategie, Enterprise Resource Planning, Geschäftsprozessmanagement, Informationsmanagement, Wissensmanagement, Benutzergerechte Gestaltung von Informationssystemen, IT-Projektmanagement, Nachhaltige Informationssystemgestaltung, Fallstudien zum Informationsmanagement

The course covers fundamental frameworks, models, and methods with regard to innovation. Topics include managing innovation within firms, process innovation, innovation decision-making, open innovation and technology transfer, and innovation culture. A real-life case which is set up in cooperation with a company partner serves to apply knowledge on innovation management in a practical project. The developed solution should be scientifically sound and applicable in practice.

Introduction to the field of International Management.
Basic introduction to: internationalization process and -environment, reasons for internationalization, actors in the international environment, the role of culture, instruments for the identification and evaluation of markets, market entry strategies, international human resource management, international marketing, organizational structures and the leadership and management of international companies.

Basics in cost accounting (functions und structure), theory of costs and structures of costs (classification by attribution to units of output, classification of costs by capacity volume variance, classification und valuation of activities), systems of cost accounting, full cost accounting, cost type accounting (functions and structure, schema for transition from expenses to costs), cost centre accounting (functions and determination of cost centres, expense distribution sheet clearing of primary or secondary costs centres, determination of overhead rates), product cost accounting (cost unit accounting as job costing, as process costing or as joint costing, cost unit period accounting), direct costing (high-low points method, cost splitting), cost accounting schema, direct costing (as unit costing versus as period costing), level-by-level covering of fixed costs, budgeted costs und activity costing, decision making, accounting ratios, transition to controlling.

The course is intended to familiarise the students with basic macroeconomic issues and laws. This involves describing overall economic developments and explaining certain economic relationships. An international comparison can highlight differences and similarities between the developments of economies. Furthermore, the students will be sensitized to current topics in economic policy, and a challenge is presented by the financial markets and economic crisis of 2008/2009 and its repercussions until the present time.

Ziel der Veranstaltung ist es, den Studierenden eine Einführung in die Grundlagen der Mikroökonomie zu geben. Dies umfasst die Grundkonzepte der Haushaltstheorie (Budgetbeschränkung, Präferenzen und Nutzen, Nachfrageentscheidung, Slutsky-Zerlegung), Marktnachfrage und -angebot, Gleichgewicht, Tausch und Wohlfahrt sowie Entscheidungen unter Unsicherheit.

• Optimale Konsumentscheidung
  Budgetbeschränkung, Präferenzen, Grenznutzen und MRS
  Substitutionsverfahren, Lagrange-Funktion

• Nachfrage
  Normale und inferiore Güter, EK-Kurve, Engel-Kurve
  Gewöhnliche Güter und Giffen-Güter, PK-Kurve, Nachfragekurve

• Slutzky-Gleichung
  Einkommens- und Substitutionseffekt, kompensierende und äquivalente Variation

• Marktnachfrage und Konsumentenrente
  Elastizitäten, Konsumentenrente, Kosten-Nutzen Analyse

• Marktgleichgewicht
  Inverse Angebots- und Nachfragekurven, Steuerinzidenz, Mengen- und wertsteuern

• Intertemporäre Entscheidung
  Intertemporäre Entscheidungen, Komparative Statik, Inflation,

• Entscheidungen unter Unsicherheit
  Erwarteter Nutzen, Risikoeinstellungen, Sicherheitsäquivalent und Risikoprämie

Im Rahmen eines Praktikums, welches mind. 300 Stunden dauert, wenden die Studierenden ihre BWL-Kenntnisse aus dem Studium an und reflektieren die Erfahrungen.

Im Rahmen einer initialen Praktikumsbeschreibung werden die Lernziele formuliert. Die Fähigkeit zum Transfer von Kompetenzen zwischen Studium und Praxis wird durch das Praktikum verbessert.

Introduction into methodology, the basics of research foundations, research philosophies and approaches, development and the implementation and analysis of research projects.

Formale und inhaltliche Aspekte der Erstellung eines Exposés für die Bachelor-Thesis

• Einführung in die sozialwissenschaftliche Forschung
• Arten von wissenschaftlicher Literatur
• Literatur- und Datenbankrecherche
• Qualitätsbeurteilung von wissenschaftlicher Literatur (z.B. anhand von Journal-Rankings)
• Strukturierte Literaturanalysen
• Hypothesenentwicklung
• Zitiervorschriften (Brush-Up)
• Literaturverwaltung
• Einführung in die empirische Sozialforschung
• Forschungsdesigns (anhand von Beispielen aller Vertiefungsrichtungen)

Descriptive statistics with numerical measures, graphical and tabular representations (measures of location, measures of variability, measures of association between two variables, pie charts, dot plots, bar charts, histograms, box plots, scatter plots, contingency tables), simple linear regression (ordinary least squares, ANOVA-table, R-squared, residual standard error, Tukey-Anscombe plot)
Probability theory (definition of a probability space, general addition rules, Laplace models, combinatorics, decision trees, Bayes' theorem, random variables and their distributions, measures of location, variability, skewness and curtosis as measures for the shape of distribution, calculation rules for expectations, variances and covariances, binomial, normal, t-, chi-square and F-distributions, central limit theorem), Statistical inference (basic notions of statistical testing procedures like hypotheses, type 1 error, type 2 error, test statistic, decision rule, p-value, power; applications of binomial, t-, F- and chi-square-tests; point and interval estimates for probabilities and means)

The module aims at understanding technology and innovation management in companies, answering questions such as the definition of innovation and how it can be promoted or the connection between strategy and innovation. In addition to inputs in general lecture style, the students will develop and prototype a product or service based on a given technology.

Further core topics include:
- Importance and impact of technology and innovation management on society and industry, as well as the importance of according strategies
- Industry dynamics of technological innovation (sources of innovation, types and patterns, standards and design dominance, timing
- Formulating of technological innovation strategy (definition of the organization's strategic direction, choosing innovation projects, collaboration strategies, protecting of innovation)
- Implementing technological innovation strategy (organization for innovation, managing the new product development process, managing the new product development teams, crafting a deployment strategy)

Die Veranstaltung dient dazu, die Studierenden mit den Themen der Produktionstheorie, Wettbewerbstheorie und Spieltheorie vertraut zu machen. Die Studierenden sind in der Lage, quantitative Antworten auf ökonomische Fragestellungen zu geben, Preis-, Angebots-, und Wettbewerbsstrategien zu entwickeln und diese in einen betriebswirtschaftlichen Kontext zu übertragen.

• Technologie:
  Produktionsfunktionen, Grenzprodukt, TRS, Skalenerträge

• Kostenminimierung:
  kurz- und langfristige Kostenminimierung, Kostenkurven

• Unternehmensangebot bei vollkommener Konkurrenz:
  Gewinnmaximierung, Angebotsentscheidung, kurz- und langfristiges Angebot

• Monopoltheorie:
  Gewinnmaximierung, Wohlfahrtsverlust, natürliches Monopol, Preisdiskriminierung

• Spieltheorie:
  Simultane Spiele, gemischte Gleichgewichte, sequenzielle und wiederholte Spiele

• Oligopoltheorie:
  Mengen- und Preisführerschaft, Kartellabsprachen

• Asymmetrische Information:
  Moralisches Risiko, Prinzipal-Agenten Beziehung, adverse Selektion

• Auktionen:
  Auktionsformen, Spieltheoretische Analyse von Auktionen, Auktionsdesign

Im Rahmen eines Praktikums, welches mind. 300 Stunden dauert, wenden die Studierenden ihre BWL-Kenntnisse aus dem Studium an und reflektieren die Erfahrungen.
Durch die regelmässigen individuellen Gespräche mit dem Dozenten werden die Studierenden angehalten, ihre Lernziele zu formulieren und schrittweise zu schärfen. Die Fähigkeit organisatorische Abläufe zu beobachten und zu verstehen, um so zu verstehen, wie Organisationen funktionieren, bzw. warum welche Tätigkeiten (nicht) gemacht werden, wird geschärft.

Techniques of financial statements (with/without form sheet), elements of annual financial statements (balance sheet, earnings- & loss statement, notes, status report), balancing of accounts in general, standard of valuation (acquisition costs, cost of production, fair value), principles of balancing of accounts (prudence concept, realization principle, valuation at the lower of cost or market principle, maximum value principle), earnings- & loss statement income by nature format versus income by function format, profit distribution in corporations (with/without lock outs) and partnerships, options to capitalize, options to carry as a liability, fixed assets analysis, receivables analysis, foreign currencies receivables und foreign currencies liabilities, liability provisions analysis, liabilities analysis, special types of liability provisions, contingent liabilities, booking of various grants, income based taxes and adjustments of tax base rates, corporations in crisis (over-indebtedness), deferred taxes (deferred tax expenses and deferred tax revenues).

Basics and assignments of controlling (functions und roles of enterprises, concepts of leadership/corporate governance, enterprises as a complex system, control mechanism for enterprises), fundamentals of financial statement analysis, Du Pont ratio system of financial control, financial accounting as analysis and information instrument (flow statement, direct and indirect cash flow determination, cash flow statement, case studies), operative control by financial ratios (liquidity, stability, profitability), planning of capital requirements for a start-up planning, prospective control by financial ratios (planning instruments, assignments of operative planning, earnings plan/budgeted income and loss statement, financial budget, budgeted balance sheet), value based corporate management, cost planning und variance analysis.

Corporate Finance:

• Investment Decision Rules
• Capital Budgeting
• Capital Structure
• Financial Distress and Payout Policy
• Corporate Valuation
• Long-Term Financing
• Short-Term Financing

Decision Theory:

• Expected utility theory
• Mean-variance theory
• Prospect theory.
• Asymmetric information
• Market efficiency
• Behavioral Finance

Part Private Banking:

• Banking and financial intermediation
• Characteristics of selected asset classes
• Fundamentals of portfolio management and asset allocation
• The wealth management process
• Client goals and constraints

Part Law of Asset Management:

• Introduction to the Law of Asset Management
• Scope of Asset Management Law & Regulation
• Types of Regulation

Part Cross-Curricular Integration Course:

• Recognition and application of contents presented in the lectures, in particular through case studies which combine the economic and legal perspective.

Basics of financial accounting, stocktaking and inventory, modes of accounting (stock accounts, income statement accounts, private accounts, goods and inventory accounts, payment accounts in due consideration of reconsignments) reductions and discounts, income calculations, documentary evidence, system of value added tax and its accounting, accounting of further cases in trading firms and production companies, accounting of wages and salaries, accounts receivables, accounts payables, accounting problems of fixed assets (depreciation, amortization, revaluation, special forms of depreciation and index to appendices) accounting problems of current assets(calculation of goods and materials employed and its accounting, cases of valuation of receivables, inventory changes), accruals and deferrals, accrued liabilities, liabilities, problems of hidden reserves (creation and disclosure).

Finanzwirtschaftliche Modelle, Finanzmathematik, Investitionsrechnung, Finanzierung, Finanzinstitutionen, Derivative Finanzinstrumente, Unternehmensfinanzierung, Unternehmensbewertung

Introduction (e.g., Data, Information and Knowledge; Tasks of Information Management); Information Economics; Managing Information Demands (e.g., Information Requirements Analysis; Information Overload) Managing Information Supply (e.g. Information Quality; Meta-Data Management); Information Management Systems (e.g., Databases, Data Warehousing; Data Mining); Managing Information and Communication Technology (e.g., Predicting ICT Trends and Developments); Information Management Case Studies

Grundlagen und Berufsbilder der Wirtschaftsinformatik, E-Business, E-Commerce, Collaborative Systems, Informationssysteme und -strategie, Enterprise Resource Planning, Geschäftsprozessmanagement, Informationsmanagement, Wissensmanagement, Benutzergerechte Gestaltung von Informationssystemen, IT-Projektmanagement, Nachhaltige Informationssystemgestaltung, Fallstudien zum Informationsmanagement

The course covers fundamental frameworks, models, and methods with regard to innovation. Topics include managing innovation within firms, process innovation, innovation decision-making, open innovation and technology transfer, and innovation culture. A real-life case which is set up in cooperation with a company partner serves to apply knowledge on innovation management in a practical project. The developed solution should be scientifically sound and applicable in practice.

Introduction to the field of International Management.
Basic introduction to: internationalization process and -environment, reasons for internationalization, actors in the international environment, the role of culture, instruments for the identification and evaluation of markets, market entry strategies, international human resource management, international marketing, organizational structures and the leadership and management of international companies.

Basics in cost accounting (functions und structure), theory of costs and structures of costs (classification by attribution to units of output, classification of costs by capacity volume variance, classification und valuation of activities), systems of cost accounting, full cost accounting, cost type accounting (functions and structure, schema for transition from expenses to costs), cost centre accounting (functions and determination of cost centres, expense distribution sheet clearing of primary or secondary costs centres, determination of overhead rates), product cost accounting (cost unit accounting as job costing, as process costing or as joint costing, cost unit period accounting), direct costing (high-low points method, cost splitting), cost accounting schema, direct costing (as unit costing versus as period costing), level-by-level covering of fixed costs, budgeted costs und activity costing, decision making, accounting ratios, transition to controlling.

The course is intended to familiarise the students with basic macroeconomic issues and laws. This involves describing overall economic developments and explaining certain economic relationships. An international comparison can highlight differences and similarities between the developments of economies. Furthermore, the students will be sensitized to current topics in economic policy, and a challenge is presented by the financial markets and economic crisis of 2008/2009 and its repercussions until the present time.

Ziel der Veranstaltung ist es, den Studierenden eine Einführung in die Grundlagen der Mikroökonomie zu geben. Dies umfasst die Grundkonzepte der Haushaltstheorie (Budgetbeschränkung, Präferenzen und Nutzen, Nachfrageentscheidung, Slutsky-Zerlegung), Marktnachfrage und -angebot, Gleichgewicht, Tausch und Wohlfahrt sowie Entscheidungen unter Unsicherheit.

• Optimale Konsumentscheidung
  Budgetbeschränkung, Präferenzen, Grenznutzen und MRS
  Substitutionsverfahren, Lagrange-Funktion

• Nachfrage
  Normale und inferiore Güter, EK-Kurve, Engel-Kurve
  Gewöhnliche Güter und Giffen-Güter, PK-Kurve, Nachfragekurve

• Slutzky-Gleichung
  Einkommens- und Substitutionseffekt, kompensierende und äquivalente Variation

• Marktnachfrage und Konsumentenrente
  Elastizitäten, Konsumentenrente, Kosten-Nutzen Analyse

• Marktgleichgewicht
  Inverse Angebots- und Nachfragekurven, Steuerinzidenz, Mengen- und wertsteuern

• Intertemporäre Entscheidung
  Intertemporäre Entscheidungen, Komparative Statik, Inflation,

• Entscheidungen unter Unsicherheit
  Erwarteter Nutzen, Risikoeinstellungen, Sicherheitsäquivalent und Risikoprämie

Introduction into methodology, the basics of research foundations, research philosophies and approaches, development and the implementation and analysis of research projects.