Global Finance (M.Sc.) in Köln studieren

• Globalization and income

• Globalization and international trade

• Trade and comparative advantage

• Trade barriers and trade policy

• Firm location, distance and transport costs

• Currency crises and exchange rate policy

• Financial crises, firms and the open economy

• Different types of taxes

• Process of taxation

• Issues in taxation

• Impacts of taxation

• Nature of taxation

• International nature of taxes

• New developments in the field of taxes

• Revision of company accounting: Presentation of financial statements and overview of investment accounting standards

• Business combinations: Types of business combinations, joint ventures

• Consolidation theories and methods: Consolidation on date of acquisition, impairment

• Consolidation subsequent to acquisition date

• Accounting for foreign currency transactions: Hedges

• Off-balance Sheet Financing: Recognition & Valuation

• Brief review of probability theory and statistics

• Non-linear regression functions

• Regression with panel data

• Regression with binary independent variable

• Time series regression and forecasting

• Identify different categories of common stock

• Develop a good idea for equity strategy and security selection

• Develop skills to manage and monitor activities of asset programs

• Identify efficiencies and savings

• Identify how returns are generated on preferred stocks

• Identify and apply portfolio management process

• Evaluate Value at Risk (VaR) and Expected Shortfall

• Analytical VaR Models

• Model complex portfolios

• Social competence: Communication, motivation, groups and team structures, leadership, conflict management

• Methodological competence: Structural aspects, time management, cost management, human resource management, creativity and problem solving

• Organisational competence: Quality management, documentation, risk management, project start and closure

• Financial fraud and its manifestations

• Ethics in finance

• Alternative Banking Models like those of Triodos and GLS Banks

• Alternative business models like those of KIVA and BOVESPA

• Alternatives to growth models

• Alternative investment products like Social Impact Bonds

• Impact Finance and Micro Finance

• Understanding the alternative Indices and their shortcomings

• Rating Agencies and soft factor scores.

• Financial measurement of corporate strategies: the principles

• Traditional value-based systems and their link with financial models

• Cash flow return on investments (CFROI)

• Customer life-time value

• Corporate financial & compensation design

• Fixed income instruments

• Term structures of rates and yields

• How are bonds traded?

• Fixed income risk: Duration and Convexity

• Corporate bonds: Credit risk

• Fixed income indexes

• Yield curve strategies

• Interest rate scenario analysis

• Credit strategies

• Futures and Forwards

• Options and Swaps

• Recent developments in OTC and Exchange-traded Derivatives

• Overview of Market Risk Management

• Risk measures for different asset classes

• Portfolio Risk Measures

• Valuation with Put-Call-Parity

• Binomial option pricing model and the Black and Scholes model.

• Risk measures beyond market risk

• Single name Credit products: Bonds, CDS

• Market implied default probabilities and correlations

• Corporate strategy evaluation and development of strategic options

• Emergent and prescriptive approaches

• Gap closing strategies

• Buy strategies: Mergers and Acquisitions

• Build strategies: Strategic renewal, organic corporate development strategies

• Ally strategies

In a business simulation game participants have to manage their own virtual company which operates in the same market as other participant-operated competitors. This involves making typical management decisions in realistic environments. Beside the deepening and active examination of subject-specific knowledge the simulation games also include the team environment, where interaction, communication and prioritization are of paramount importance. Participants learn how to manage risk and uncertainty while time is limited and information constrained. Group-reflections help to take over different perspectives and to discuss pros and cons of content- as well as behavior-related actions.

In the Soft Skills Courses you will improve your social, leadership and project management skills. Additionally to the courses in the first and second semester you can choose another one in the third semester. Decide for yourself which of your personal competences you want to push forward.

• Introduction to Python (modulisation)

• Coding in Python (data assignment/updates, data types, )

• Solving iterative problems (understanding and creating loops)

• Making decisions (understanding and creating selection statements)

• Working with structured data (strings, lists)

• Documenting

• Testing

• Debugging