4208880: EM LLM BSL 16: Module 1 - Economics of Asset and Wealth Management

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Semester:WS 16/17
Type:Module/Examination
ECTS-Credits:5.0
Semester Hours per Week / Contact Hours:63.0 L / 47.5 h
Self-directed study time:102.5 h

Module coordination/Lecturers

Curricula

Executive Master of Laws in Banking and Securities Law (01.09.2016)

Description

Module 1 starts with an overview of the economic fundamentals of financial markets and institutions. The unique approach of this and forthcoming modules will be a crosssectoral and functional analysis of financial markets where participants will learn how to distinguish and compare single market structures and their functionality. Following this basic analysis, fundamental theories of financial intermediaries will be extensively discussed (eg new institutional economics). Subsequently, classical capital market theories such as portfolio theory, principal-agent-theory, and Capital-Asset-Pricing Model (CAPM) will be introduced with more modern developments such as behavioral economics and explained through practical exercises. These different economic approaches are some of the building blocks that will be assembled to provide an understanding of the broader practice of the economics of asset and wealth management. It is in this context that participants will also gain substantial knowledge of the basic notions
of financial mathematics in investment banking. Finally, the securitization model will be discussed with concepts of banking and risk management (eg systemic issues) and economic backgrounds to banking regulation.

Qualifications

Exams

  • PWB_EM LLM BSL 16: Examination Module 1 (WS 16/17, in Bewertung)