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| Detailed information |
| Original study plan |
Bachelor's programme Business Administration 2025W |
| Learning Outcomes |
Competences |
| Learning Objectives
After successfully completing the course, students will be able to:
- LO1: Students understand the CAPM model and can carry out the corresponding calculations.
- LO2: Students know the tools of fundamental analysis of stocks (P/E ratio, P/B ratio, DDM) and can use them.
- LO3: Students know the basics of technical analysis and can carry out a simple technical analysis independently.
- LO4: Students can evaluate bonds themselves using the most important key figures.
- LO5: Students understand how options and futures work.
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| Skills |
Knowledge |
| Learning Objectives
The students should acquire the ability to:
- know the theoretical foundations of the CAPM model and portfolio theory.
- carry out their own calculations in the fundamental analysis of stocks and bonds.
- be able to carry out and evaluate a simple technical analysis of a stock.
- know the special features of the behavioral finance approach in stock analysis.
- know how options and futures work and their special features.
- carry out simple calculations of their own for options and futures.
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Learning Objectives
The course teaches the basics of securities management and introduces the application-oriented handling of financial market data. The focus is on the topics of risk measurement, portfolio theory, and the asset classes of stocks, bonds and derivatives. After completing this course, students will be able to use models and key figures to evaluate the most important investment instruments or in the portfolio context.
Course content:
- Risk and portfolio theory
- CAPM and cost of capital
- Stock valuation
- Bond valuation
- Options
- Futures
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| Criteria for evaluation |
In total, students can achieve 25 points in this course, of which 20 points are in an exam (main and/or supplementary exam) and a maximum of 5 points for the development of the interactive element. The better grade of the two exams is taken into account.
The exam does not have to be positive. At least 10.0 points are required to successfully complete the course. The grade distribution looks as follows:
| Points | Grade |
|---|
| 21.5-25.0 | Very good |
| 17.5-21.0 | Good |
| 13.5-17.0 | Satisfactory |
| 10.0-13.0 | Sufficient |
| <9.5 | Not Sufficient |
Synchronization of learning outcomes and assessments:
- LO1: Individual task (exercise tasks), group task (interactive element), written exam
- LO2: Individual task (exercise tasks), group task (interactive element), written exam
- LO3: Group task (interactive element)
- LO4: Individual task (exercise tasks), group task (interactive element), written exam
- LO5: Individual task (exercise tasks), group task (interactive element), written exam
The questions and tasks in the exam as well as the questions on the interactive element are on the taxonomy levels of knowledge, understanding, application, analysis and evaluation. Students should be able to explain approaches and concepts (taxonomy levels of knowledge and understanding in the exam), should be able to correctly use selected instruments and concepts based on selected questions and should be able to independently apply the knowledge they have acquired based on business-related, practice-relevant questions (taxonomy level of application or transfer and analysis).
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| Methods |
Lecture by the instructor
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| Language |
German |
| Study material |
- Course script (mandatory): The course script “Securities Management Script” is a manuscript written exclusively for this course, which summarizes the most important literature on the subject on around 160 pages.
The basic literature is considered
- Wertpapiermanagement, Professionelle Wertpapieranalyse und Portfoliostrukturierung, 11. Auflage, 2017, Schäffer-Poeschel Verlag Stuttgart, Hrsg: Manfred Steiner, Christoph Bruns, Stefan Stöckl
Further specialist literature referred to:
- Pictet, The Performance of Shares and Bonds in Switzerland, 2023.
- Harry M. Markowitz, Portfolio Selection, The Journal of Finance, Vol. 7, Nr. 1, März, 1952.
- Burton G. Malkiel, A Random Walk Down Wall Street, Updated Edition, 4. Januar 2016.
- Murphy, John, Technische Analyse der Finanzmärkte, 2007.
- Slides (mandatory): Additional PowerPoint slides are provided for each chapter, some of which contain elements from the course script or new elements.
- Depending on the topic, students are provided with current articles (voluntary/sometimes mandatory)
- Additional literature (not relevant to the exam):
- Wertpapiermanagement, Professionelle Wertpapieranalyse und Portfoliostrukturierung, 11. Auflage, 2017, Schäffer-Poeschel Verlag Stuttgart, Hrsg: Manfred Steiner, Christoph Bruns, Stefan Stöckl
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| Changing subject? |
No |
| Further information |
Topics/Timeline
| Session | Topic |
|---|
| 1 | Introduction / Returns and Risk |
| 2 | Portfolio Theory and CAPM \\\ Presentation of interactive element by study assistant |
| 3 | Stock Valuation: Fundamental Analysis |
| 4 | Stock Valuation: Technical Analysis and Behavioral Finance |
| 5 | Bond Valuation: Value Determination |
| 6 | Bond Valuation: Forms, Duration and Rating |
| 7 | Derivatives: Futures |
| 8 | Derivatives: Options \\\ Exam Discussion / Open Questions |
| 9 | Exams |
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