Dept. III: Finance

Bachelor

Here you can information regarding the lectures offered for bachelor students

Module BWL II: Accounting und Financing (SS),
9 credit points, 8 semester periods per week

The responsibility of department III for the courses offered in the module Business Administration II (BWL II) 
currently covers the subject "Investments and Financing". The main focus with regard to content of this course is as follows:

Investments and Financing (SS)

Targets:

Students master the terminology and basic knowledge of decision-oriented investment and financing theory. Students will be able to solve basic problems in the areas of investment and financing and to independently familiarize themselves with more advanced problems.

Content:

Calculations with interest rates and bond valuation, Net Present Value and other investment criteria—Risk and return, Introduction to Portfolio Theory and Capital Asset Pricing Model—Corporate finance: internal financing, external financing, cost of capital, Modigliani-Miller theorem

 

Module Investment and Financial Management I (SS)
6 credit points, 4 semester periods per week

Lecture and Exercise Corporate Finance (SS)

Targets:

Students have in-depth knowledge in corporate financing. They understand how the cost of capital is composed and can make well-founded decisions on payout policy, equity and debt financing, and capital budgeting.

Content:

Different possibilities of corporate financing, calculation of capital costs, capital structure (Modigliani/Miller, trade-off theory), payout policy, signaling character of financing decisions (from the perspective of the agency theory), valuation, capital budgeting, working capital management.

 

Module Investment and Financial Management II (WS)
6 credit points, 4 semester periods per week

Lecture and Exercise Investments (WS)

Targets:

Students understand the relevance of fundamental theories of investment valuation for common investment strategies and methods. They are able to apply and critically assess different methods for the valuation of risk-bearing financial securities. Students are able to select adequate performance measures depending on the objective. Interest-bearing financial securities can be valued against the background of various yield curves. Key methods for measuring risk in fixed-income securities can be described, as well as basic instruments for risk management of risk-bearing financial securities, fixed-income securities and portfolios.

Content:

Equilibrium models, time and risk dimensions of investments, information efficiency, portfolio theory, capital asset pricing model, arbitrage pricing theory and multifactor models, portfolio management and performance measurement, fixed income fundamentals, interest rates and yields, fixed income risk measures, risk management for equity and fixed income, cost of capital.

 

Module Seminar Investment and Financial Management (WS+SS),
6 credit points, 2 semester periods per week

Seminar Investment and Financial Management

Targets:

After completing the module, the students have deepened knowledge of selected theoretical and application oriented problems of investment and financial management.

Content:

Changing contents.

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