2 Admission requirements 3 Duration of the program 4 Courses 5 Types of course units and number of participants

Transcription

1 The English version of the curriculum for the Mster Progrm in Bnking nd Finnce is not leglly inding nd is for informtionl purposes only. The legl sis is regulted in the curriculum pulished in the University of Innsruck Bulletin on 4 My 2007, issue 53, No. 227 nd 30 Septemer 2009, issue 113, No Decision of the Curriculum Committee of the Innsruck School of Mngement on , pproved y Sente Decree on On the sis of 25 pr. 1 no. 10 University Orgnistion Act 2002, BGBl. I (Federl Lw Gzette) No. 120, most recently mended y Federl Lw BGBl. I (Federl Lw Gzette) No. 134/2008 nd 32 Section "Regultions of Study Lw", repulished in the University of Innsruck Bulletin of 3 Ferury 2006, Issue 16, No. 90, most recently mended y the University of Innsruck Bulletin of 4 Decemer 2006, Issue 7, No. 36, the following is decreed: Curriculum for the Mster Progrm in Bnking nd Finnce t the University of Innsruck School of Mngement 1 Qulifiction profile nd progrm ojectives (1) The Mster Progrm in Bnking nd Finnce forms prt of the group of studies in the socil nd economic sciences. (2) The Mster Progrm in Bnking nd Finnce ims t intensive creer preprtion in the socil nd economic sciences nd qulifies students for creers which require the ppliction of wellfounded, scientific knowledge nd methods. As scientific progrm, it essentilly covers theories, methods nd instruments of the socil nd economic sciences nd, in prticulr, the field of Bnking nd Finnce. Findings from the field of gender reserch re lso tken into considertion. (3) In ddition to suject-specific competences, the Mster Progrm in Bnking nd Finnce lso promotes generl socil skills. (4) The ojective of the Mster Progrm is to develop dvnced nlyticl nd prolem-solving competences vlule in science nd prctice, which re well-grounded in science nd supported y theories nd methods. This competence should enle students to elorte reserch questions independently, to reflect on scientific knowledge nd pply it to novel, especilly reserch-relevnt contexts, s well s to pursue PhD progrms; to cope with pertinent responsiilities in their professionl creers outside the university in scientificlly sound nd prcticlly relevnt mnner. Aove nd eyond the field of Bnking nd Finnce, grdutes of the Mster Progrm re qulified to pursue creers in different occuptionl fields; to reflect intensively on the ethicl nd socil consequences nd dimensions when pplying their knowledge. (5) The Mster Progrm in Bnking nd Finnce prepres students for scientific creers nd especilly for pursuing PhD progrm nd/or mngeril, plnning, nlyticl, nd consulting responsiilities in the finncil services deprtments of privte nd pulic enterprises, dministrtions or interntionl institutions, nd in prticulr in nks s well s insurnce nd investment compnies

2 2 Admission requirements (1) Admission to the Mster Progrm in Bnking nd Finnce requires themticlly relevnt chelor progrm completed t university or university of pplied science or other, equivlent studies completed t n cknowledged Austrin or non-austrin post-secondry eductionl institution. (2) Themticlly relevnt studies include the Bchelor Progrm in Mngement nd Economics completed t the University of Innsruck. 3 Durtion of the progrm (1) The Mster Progrm in Bnking nd Finnce equls 120 ; this corresponds to progrm durtion of four semesters. (2) The Progrm is orgnized in courses. 4 s (1) Ech course constitutes themtic nd normlly comprises four semester hours ("SST") or ten. (2) All courses consist of two course s; t lest one of which is course with continuing performnce ssessment, with the following exceptions: 1. the mndtory course referred to in 7 (3); 2. the courses referred to in 8 (2-2 to 2-8) re orgnized y other mster progrms nd must e completed ccording to the respective curricul. (3) The curriculum comprises mndtory nd elective courses. 5 Types of course s nd numer of prticipnts (1) Lectures (VO) re scientific presenttions tht provide n introduction to suject mtter or cover, discuss nd explin reserch topics, questions, nd methods nd introduce new reserch findings. (2) s with continuing performnce ssessment re: 1. Proseminrs (PS): Proseminrs cover the fundmentls of scientific methods, give n introduction to the literture nd stte of the rt in the field, nd focus on selected issues from the field. The mximum numer of prticipnts is Seminrs (SE): Seminrs focus on detiled scientific discussions. Prticipnts re expected to mke orl nd/or written contriutions. The mximum numer of prticipnts is Tutorils (UE): In tutorils, students cquire ppliction-oriented competences nd work on prcticl cses. The mximum numer of prticipnts is Lecture comined with tutoril (VU): A lecture comined with tutoril is the comintion of lecture prt nd the corresponding tutoril prt. The mximum numer of prticipnts is

3 6 Procedure for the dmission to course s with limited numer of prticipnts In course s tht hve mximum numer of prticipnts nd dmission requirements, plces re llocted sed on the students' performnce in those courses which hve een clssified s preconditions for dmission. 7 Titles, work lod, nd topics of mndtory courses including (1) The following course, giving n introduction to reserch methods, must e completed: Mndtory Reserch Methods nd Models in Bnking nd Finnce (2) The following courses re mndtory: Mndtory s 1 Principles of Finncil Economics nd Finncil Intermedition 2 Finncil Anlysis 3 Bnking nd Finncil Institutions Mngement 4 Corporte Finnce nd Corporte Risk Mngement 5 Principles of Empiricl Finnce (3) The mndtory course "Mster Thesis Defense" must e completed: Mndtory Mster Thesis Defense Titles, work lod, nd topics of elective courses including (1) Two elective courses from the following ctlogue hve to e completed: Elective 1 Current Topics in Bnking nd Finnce 2 Risk Mngement 3 Mrket (In)Efficiency - 3 -

4 (2) One elective course from the following ctlogue hs to e completed: Elective 1 One of the courses referred to in 8 (1) which hs not een completed up to this point. 2 Ethics in Orgniztions 3 Gender, Work nd Orgniztion 4 Econometrics 5 Gme Theory 6 Business Txtion nd Mngement Strtegies 7 Corporte Communiction nd Governnce 8 Auditing 9 Titles, work lod, nd short description of the course s of mndtory nd elective courses including (1) Mndtory course referred to in 7 (1): Mndtory Reserch Methods nd Models in Bnking nd Finnce VO Reserch Models nd Methods in Bnking nd Finnce The lecture provides n introduction to common schools of thought, models, nd methods in nking nd finnce. Different types of models nd methods re exmined from theoreticl perspective nd illustrted through exmples. PS Reserch Models nd Methods in Bnking nd Finnce In the proseminr, sic questions rising from the lecture re covered in detil through exercises, cse studies nd proseminr pper. VO 2 6 PS 2 4 Lerning ojectives: understnding nd reflecting on common schools of thought, models nd methods in nking nd finnce Admission requirements: positive completion of the mndtory course referred to in 7 (2-1), i.e. "Principles of Finncil Economics nd Finncil Intermedition" (2) Mndtory referred to in 7 (2): 1 Mndtory Principles of Finncil Economics nd Finncil Intermedition VU Principles of Finncil Economics nd Finncil Intermedition 1 Strting with the economic function of finncil mrkets, the lecture covers n rry of topics - from utility theory to normtive portfolio theory, from modern cpitl mrket theory (CAPM, APT) to the theoreticl foundtions of finncil institutions (nks, stock exchnges, etc.). VU

5 VU Principles of Finncil Economics nd Finncil Intermedition 2 Fundmentls of gme nd contrct theory nd their ppliction in finncing theory nd finncil intermedition. VU Lerning ojectives: understnding nd reflecting on the fundmentls of modern cpitl mrket theory nd the theory of finncil intermedition s the sis for ll susequent courses Admission requirements: none 2 Mndtory Finncil Anlysis VO Finncil Anlysis The lecture covers the finncil nlysis of enterprises on the sis of consolidted finncil sttements s defined y the IFRS. PS Finncil Anlysis In the proseminr, sic questions rising from the lecture re covered in detil through exercises, cse studies nd proseminr pper. VO 2 6 PS 2 4 Lerning ojectives: understnding, reflecting on nd pplying modern concepts nd instruments relted to the finncil nlysis of enterprises on the sis of dt defined y the Interntionl Finncil Reporting Stndrds (IFRS) Admission requirements: positive completion of the mndtory course referred to in 7 (2-1), i.e. "Principles of Finncil Economics nd Finncil Intermedition" 3 Mndtory Bnking nd Finncil Institutions Mngement VO Bnking nd Finncil Institutions Mngement The lecture discusses how modern concepts nd instruments for mnging revenues, risk nd liquidity re pplied in nks nd other finncil institutions tking into considertion regultory concepts. PS Bnking nd Finncil Institutions Mngement The proseminr concentrtes on specific issues rised in the lecture nd trins students to develop concepts for solutions. VO 2 6 PS 2 4 Lerning ojectives: understnding, reflecting on nd pplying modern concepts nd instruments relted to revenue, risk nd liquidity mngement in nks nd other finncil institutions Admission requirements: positive completion of the mndtory course referred to in 7 (1-1), i.e. "Reserch Methods nd Models in Bnking nd Finnce" nd the mndtory courses referred to in 7 (2-1) nd 7 (2-2), i.e. "Principles of Finncil Economics nd Finncil Intermedition" nd "Finncil Anlysis" - 5 -

6 4 Mndtory Corporte Finnce nd Corporte Risk Mngement VO Corporte Finnce nd Corporte Risk Mngement The lecture exmines corporte finnce nd focuses on res relevnt for finncil risk mngement. Risk mesurement nd mngement s well s stte-of-the-rt instruments in this re re lso covered. PS Corporte Finnce nd Corporte Risk Mngement The proseminr concentrtes on specific issues rised in the lecture nd trins students to develop concepts for solutions. VO 2 6 PS 2 4 Lerning ojectives: understnding, reflecting on nd pplying modern concepts nd instruments relted to corporte finnce with specil focus on spects of risk mngement Admission requirements: positive completion of the mndtory course referred to in 7 (1-1), i.e. "Reserch Methods nd Models in Bnking nd Finnce" nd the mndtory courses referred to 7 (2-1) nd 7 (2-2), i.e. "Principles of Finncil Economics nd Finncil Intermedition" nd "Finncil Anlysis" 5 Mndtory Principles of Empiricl Finnce VO Principles of Empiricl Finnce The most importnt methods nd results from empiricl finnce reserch re discussed: time series nlyses, event studies, the use of neurl networks, multivrite nlyses, etc. PS Principles of Empiricl Finnce The proseminr exmines specific questions rised in the lecture nd trins students to develop concepts for solutions. VO 2 6 PS 2 4 Lerning ojectives: understnding, reflecting on nd pplying centrl methods nd results of empiricl finnce reserch Admission requirements: positive completion of the mndtory course referred to in 7 (1-1), i.e. "Reserch Methods nd Models in Bnking nd Finnce" nd mndtory courses referred to 7 (2-1) nd 7 (2-2), i.e. "Principles of Finncil Economics nd Finncil Intermedition" nd "Finncil Anlysis" (3) Mndtory course referred to in 7 (3): Mndtory Mster Thesis Defense Orl defense of the mster thesis 2.5 Lerning ojectives: Reflection on the mster thesis in the context of the Mster Progrm in Bnking nd Finnce Admission requirements: Positive evlution of the mster thesis - 6 -

7 (4) Elective courses referred to in 8 (1): 1 Elective Current Topics in Bnking nd Finnce SE Current Topics in Bnking nd Finnce The seminr covers current cdemic nd/or prcticl topics from nking nd finnce. SE Distriution Mngement The seminr covers current cdemic nd/or prcticl topics from the re of distriution mngement in finncil institutions. Lerning ojectives: in-depth, criticl nlysis, including independent work on current topics in nking nd finnce s well s the distriution mngement in finncil institutions Admission requirements: positive completion of the mndtory courses referred to in 7 (2-3) nd 7 (2-4), i.e. "Mngement of Bnking nd Finncil Institutions" nd "Corporte Finnce nd Corporte Risk Mngement" 2 Elective Risk Mngement SE Mngement of Price, Interest Rte nd Currency Risks Building on the courses "Corporte Finnce nd Corporte Risk Mngement" nd "Bnking nd Finncil Institutions Mngement", the mngement of price, interest rte nd currency risks is nlyzed nd discussed in terms of current developments, methods nd instruments. SE Mngement of Credit, Liquidity nd Opertionl Risks Building on the courses "Corporte Finnce nd Corporte Risk Mngement" nd "Bnking nd Finncil Institutions Mngement", the mngement of credit, liquidity nd opertionl risks is nlyzed nd discussed in terms of current developments, methods nd instruments. Lerning ojectives: in-depth, criticl nlysis, including independent work, on centrl risks relevnt for finncil institutions Admission requirements: positive completion of the mndtory courses referred to in 7 (2-3) nd (2-4), i.e. "Mngement of Bnking nd Finncil Institutions" nd "Corporte Finnce nd Corporte Risk Mngement" 3 Elective Mrket (In)Efficiency SE (In)Efficiency in Finncil Mrkets 1 Strting from the clssicl rndom wlk hypothesis, different concepts of informtionlly efficient mrkets (Smuelson, Fm, Bever) re compred nd confronted with criticl positions regrding the efficient-mrket hypothesis (informtion prdox, ehviorl finnce). SE (In)Efficiency in Finncil Mrkets 2 In the seminr, students crry out nd discuss empiricl studies on price formtion in finncil mrkets

8 Lerning ojectives: in-depth, criticl nlysis, including independent work on the hypothesis of informtionlly efficient mrkets nd relevnt counter-hypotheses Admission requirements: positive completion of the mndtory courses referred to in 7 (2-5), i.e."principles of Empiricl Finnce" nd one of the mndtory courses referred to in 7 (2-3) or 7 (2-4), i.e. "Mngement of Bnking nd Finncil Institutions" nd "Corporte Finnce nd Corporte Risk Mngement" (5) Elective courses 8 (2): 1. Elective Ethics in Orgniztions. VO Ethics in Orgniztions Bsic concepts for the nlysis of ethicl decisions in orgniztions nd ssessment of ethicl implictions of orgniztionl prctices VO 2 5. SE Responsile Decisions nd Ethicl (Self-)Formtion in Orgniztions Anlyzing nd working on orgniztionl prctices nd techniques in view of ethicl implictions nd responsile decision-mking Lerning ojectives: knowledge of the specificlly ethicl implictions of orgniztionl processes; on this sis, students cquire the competence to ssess ethicl prctices nd ctions in orgniztions nd other orgnized contexts nd develop orgniztion-specific ethicl judgment Admission requirements: positive completion of the mndtory courses referred to in 7 (2-3), 7 (2-4) nd 7 (2-5), i.e. "Mngement of Bnking nd Finncil Institutions", "Corporte Finnce nd Corporte Risk Mngement", s well s "Principles of Empiricl Finnce". 2. Elective Gender, Work nd Orgniztion. VO Gender, Work, nd Orgniztion Theoreticl concepts of gender nd orgniztion, gender-specific orgniztionl (su-)structures, cultures nd reltionships, indirect nd direct discrimintion. SE Gender, Work, nd Orgniztion Discussion of selected topics, exercises nd cses in the field of gender, work, nd orgniztion VO 2 5 Lerning ojectives: competence to ssess the gender-specific consequences of orgniztionl prctices nd to identify suitle design mesures on the sis of gender nd diversity reserch Admission requirements: positive completion of the mndtory courses referred to in 7 (2-3), (2-4) nd (2-5), i.e. "Mngement of Bnking nd Finncil Institutions", "Corporte Finnce nd Corporte Risk Mngement", s well s "Principles of Empiricl Finnce". 3. Elective Econometrics. VO Econometrics The following topics re introduced: inference, symptotic sttistics, estimtion methods, model dignostics, multivrite equtions, pnel econometrics, nd discrete choice models. VO

9 . PS Econometrics The proseminr covers detils of topics introduced in the lecture. PS 1 4 Lerning ojectives: Students cquire dvnced knowledge in the re of econometrics nd the competence to discuss nd solve dvnced prolems issues. Admission requirements: positive completion of the mndtory courses referred to in 7 (2-3) nd 7 (2-4), i.e. "Mngement of Bnking nd Finncil Institutions" nd "Corporte Finnce nd Corporte Risk Mngement". 4. Elective Gme Theory. VO Gme Theory The lecture covers gmes, dominnce concepts, sttic gmes with complete nd incomplete informtion, s well s dynmic gmes with complete nd incomplete informtion. PS Gme Theory The proseminr covers detils of topics introduced in the lecture. VO 3 6 PS 1 4 Lerning ojectives: Students cquire dvnced knowledge in the re of gme theory nd the competence to discuss nd solve dvnced prolems Admission requirements: positive completion of the mndtory courses referred to in 7 (2-3) nd (2-4), i.e. "Mngement of Bnking nd Finncil Institutions" nd "Corporte Finnce nd Corporte Risk Mngement". 5. Elective Compny Txtion nd Mngement Decisions. VO Compny Txtion nd Mngement Decisions Compny txtion, periodic nd non-periodic txtion of legl forms, tx plnning VO 2 5. SE Orgniztionl Form nd Reorgniztions Periodic txtion of compnies in line with their differing legl forms nd comintions of such legl forms, setting up compny, liquidtion, plnning the legl form of compny, reorgniztions Lerning ojectives: solid sic knowledge of compny txtion Admission requirements: positive completion of the mndtory courses referred to in 7 (2-3), (2-4) nd (2-5), i.e. "Mngement of Bnking nd Finncil Institutions", "Corporte Finnce nd Corporte Risk Mngement", s well s "Principles of Empiricl Finnce". 6 Elective Corporte Communiction nd Governnce VO Corporte Communiction nd Stkeholder Mngement Introduction to theories of corporte communiction nd concepts of mnging reltionships with externl prtners nd stkeholders of orgniztions SE Governnce in Orgniztions Intensive discussion of selected spects concerning how orgniztions re controlled nd governnce structures re designed in pulic nd privte enterprises VO

10 Lerning ojectives: knowledge of stkeholder mngement, internl nd externl communiction long with the design of governnce structures nd processes in orgniztions; on this sis, students develop the ility to interct competently with stkeholders Admission requirements: positive completion of the mndtory courses referred to in 7 (2-3), (2-4) nd (2-5), i.e. "Mngement of Bnking nd Finncil Institutions", "Corporte Finnce nd Corporte Risk Mngement", s well s "Principles of Empiricl Finnce". 7. Elective Auditing. VO Audit Process nd Reporting Responsiilities nd ojectives of n udit, udit evidence, udit plnning nd nlyticl procedures, mterility nd udit risks, internl control, reporting, uditor s report. SE Audit Process Appliction of the udit process in selected res of n udit (e.g. sles nd collection cycle) Lerning ojectives: solid sic knowledge of uditing finncil sttements VO 2 5 Admission requirements: positive completion of the mndtory courses referred to in 7 (2-3), (2-4) nd (2-5), i.e. "Mngement of Bnking nd Finncil Institutions", "Corporte Finnce nd Corporte Risk Mngement", s well s "Principles of in Empiricl Finnce". 10 Mster thesis (1) In the Mster Progrm in Bnking nd Finnce, mster thesis must e written. The topic of the thesis must e chosen from the sujects covered y the mndtory courses referred to in 7 (1 nd 2) or y the elective courses referred to in 8 (1). (2) The mster thesis is scientific piece of work. (3) By creting the mster thesis, students must demonstrte tht they re le independently nd in limited period of time - to pply the theoreticl nd methodicl instruments of the Mster Progrm to prticulr reserch question nd to reflect on them. (4) Students hve the right to propose the topic of the mster thesis or to choose it from numer of proposls. (5) The mster thesis is equivlent to work lod of (6) The topic nd the supervisor of the mster thesis my only e sumitted on positive completion of two elective courses referred to in 8 (1). (7) The mster thesis must e sumitted in printed nd in electronic form. (8) After the positive completion of the mster thesis, the course "Mster Thesis Defense" referred to in 7 (3) must e completed, which concludes the Mster Progrm. (9) It is permissile for severl students to work on one single mster thesis topic together, s long s it is fesile to ssess the performnce of ech individul student seprtely. 11 Exmintion regultions (1) Student performnce in courses, with the exception of the "Mster Thesis Defense" referred to in 7 (3), is ssessed y one of the following methods: 1. The finl grde of courses consisting of lecture nd course with continuing

11 performnce ssessment consists of the grde of the course with continuing performnce ssessment nd the grde of n overll exm tht covers the content of ll course s; positive completion of the course with continuing performnce ssessment is the pre-condition for dmission to the overll exm; 2. In courses consisting exclusively of course s with continuing performnce ssessment, the finl grde consists of the grdes of these course s. (2) The ssessment of the course "Mster Thesis Defense" referred to in 7 (3), which concludes the Mster Progrm, is sed on n orl exm dministered y individul exminers. (3) The exmintion method (written/orl/exm pper/s) for exmintions in course s with continuing performnce ssessment is determined y the instructor of the course efore the course strts. (4) Overll exms of courses consisting of lecture nd course with continuing performnce ssessment cover the entire course content nd re dministered y individul exminers. The overll exm is written exm (mximum length: 90 minutes). (5) The ssessment of the following courses from other mster progrms is sed on the exmintion regultions of the respective curricul: 1. the following courses re orgnized y the Mster Progrm in Orgniztion Studies: ) the course "Ethics in Orgniztions" referred to in 8 (2-2) ) the course "Gender, Work nd Orgniztion" referred to in 8 (2-3) c) the course "Corporte Communiction nd Governnce" referred to in 8 (2-7); 2. the following courses re orgnized y the Mster Progrm in Applied Economics: ) the course "Econometrics" referred to in 8 (2-4) ) the course "Gme Theory" referred to in 8 (2-5);

12 3. the following courses re orgnized y the Mster Progrm in Accounting, Audition nd Txtion: ) the course "Business Txtion nd Mngement Strtegies" referred to in 8 (2-6) ) the course "Auditing" referred to in 8 (2-8). 12 Acdemic degree Grdutes of the Mster Progrm in Bnking nd Finnce re wrded the cdemic degree of "Mster of Science", or "M.Sc.", in rief. 13 Implementtion This curriculum comes into force on 1 Octoer

13 APPENDIX: Recommended course of studies