Teaching

Graduate Courses

Financial Economics

This course provides students with the economic foundations of banking and finance. Based on a through understanding of the principal-agent conflicts in corporate finance and their implications on capital structure and corporate governance, the course highlights the role of banks in corporate finance. The course also covers the general role of banks and other financial intermediaries in the financial system and how the structure of the banking sector and of the financial system as a whole affects its efficiency and stability. Finally, the module also provides students with an in-depth understanding of the economic foundation of financial regulation and banking supervision.

Economics of Corporate Finance

Based on a principle-agent model this course discusses the economic foundation of corporate finance. It explains the main conflicts in corporate governance and control, presents the fundamental issues related to firms capital structure and liquidity management. The course also discusses how banks help alleviate the principal-agent problems in corporate finance.

Microeconomics of Banking

This course starts by looking at relationship lending in corporate finance from the intermediaries' perspective. It studies the implications of lending relationships on banking competition in the corporate loan market. It also analyses more detailed banks' ablities to overcome informational frictions in corporate financing. The course then turns to the capital structure of banks focussing on the efficiency gains associated with a refinancing through demand deposits.  Appart form those core issues the course will also discuss the economic mechanisms that generate financial instabilities and regulatory measures to improved resiliance of the banking sector.

Undergraduate Courses

Banking and Capital Markets

Module Requirements:

A solid foundation of micro- and macroeconomics and good knowledge in mathematics and statistics. Students should have completed "Capital Markets and Investments I" and "Investments II".

Module Overview:

This modul makes students acquaint to the major issues in the financial system concerning banking, other financial institutions and financial markets. It provides a solid understanding of the functioning of the different types of financial markets and financial institutions. It deals with the role of financial institutions, in particular commercial and investments banks, and their interaction with financial markets. Furthermore, this modul provides students with the main concepts in banks' risk management and discusses the role of the state in regulating banks in particular and the financial sector in general.

Banking

Module Requirements:

"Macroeconomics", "Capital Markets and Investments I" and "Investments II".

Module Overview:

Besides a general overview of the financial system and its functioin this course provides students with a clear understanding of the function of the major financial markets, banks and other financial intermediaries in lending and borrowing. It discusses the types of banks and banking activities, and the structure of the banking sector. The course makes students also acquaint  to the functions and  roles of central banks and of the legal and regulatory framework governing the financial system.