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Startseite Hochschule
Startseite Wirtschaft
Übersicht Studiengänge
Startseite Intl. Business and Finance (Master)
M1 IBF
M2 IBF
M3 IBF
M4 IBF
M5 IBF
M6.1 IBF
M6.2 IBF
Master Thesis

Modulbeschreibung International Business and Finance M4

M4 IBF

M4 Financial Economics, Financial Markets and Monetary Policy
Module Coordinator Prof. Dr. Anton Frantzke
Module Type Compulsory module in the 1st semester
Study Term The module is offered once a year in the summer semester
Courses
  • Financial Macroeconomics (2 weekly contact hours)
  • Financial Markets  (2 weekly contact hours)
  • Monetary Institutions  (2 weekly contact hours)
Teaching Language English
Module Description Part I

The Macroeconomics of Financial Markets

  • Money, Capital and the Economy
  • Monetary Policy in a European context
  • Monetary Policy, Financial Markets and the Economy

Part II

Structure of Financial Markets

  • Primary and secondary markets
  • The Equity Markets
  • The Debt Market
  • The Market for Currencies
  • Derivative Security Markets
 Part III

Financial Institutions and Financial Systems in selected Countries

  • Financial Market and Banking Structure in selected Countries
  • International Financial Institution (Organizations) and their Functions
  • Financial Market Regulations and Systemic Risk
  • The current world financial crisis and its fallout
  • The Future of the Global Financial Architecture
Module Objectives First, students understand how financial markets are structured and how they work and why they are important for the national and the world economy. They learn and critically reflect the role international institutions and monetary policy play in every economy. Second, student develop an understanding of the microeconomic and macroeconomic effects of the internationalization of financial markets and the condition that must be fulfilled that they can work properly. Third, they work on current financial issues and how they influence the decision making in business authorities and governments.

The module provides (in connection with M1 Financial Market decisions) a necessary basis for the elective Module "Corporate Finance". It can be used as a stand-alone-module within any programm with an advanced focus on financial markets.
Teaching Method "Seminaristischer Unterricht" (Lecture with integrated practical problems). The lecture is supplemented by questions for discussion/practical problems/case studies which are either solved as teamwork in class or assigned as homework problems using statistical tools such as MS Excel or SPSS.
Pre-requisites Basic knowledge about microeconomics, macroeconomics and international economics from any business related bachelor programme.

Recommended reading for course preparation:

Samuelson P., Nordhaus W., Economics, McGraw-Hill
Credits and Contact hours 10 ECTS

Contact hours: 67,5 hours

Preparation and reading:  67,5 hours

Homework assignments:  60 hours

Case study+Presentation: 67,5 hours

Exam and exam preparation: 37,5 hours

Total: 300 hours
Assessment and contribution to module mark

25% Case study/Paper

25% Case Study/Presentation

50% Written exam

50% of Homework assignments have to be solved as a prerequisite for attending the final exam.
Readings
  • Blanchard O.: Macroeconomics, Prentice Hall 2009
  • Bofinger P., Monetary Policy, Oxford UP 2001
  • Mishkin F., Eakins S., Financial Markets and Institutions, Prentice Hall 2009
  • Madura J.: Financial Institutions and Markets, McGraw Hill 2008