Banking and Insurance Industry

International financial markets

Integrated course, 4.00 ECTS

 

Course content

In the course the participants will get an overview of international financial markets, their functioning, connections and control mechanisms:

The core contents include:
[1] International economy
[2] International Monetary System
[3] Monetary policy in the euro area
[4] Interest rates and interest rate structure
[5] How Securities Exchanges Work
[6] Construction and interpretation of indices for observation and analysis of markets

During the course, the digital skills of the participants will be promoted through the application of the learned content in state of the art software (Excel, R, Python, etc).

Learning outcomes

After completing the International Economic System module, students will be able to understand macroeconomic connections, analyze the impact of economic policies on macroeconomic indicators, have basic knowledge of monetary policy instruments, understand the linkages of the international monetary system; understand the functioning of stock exchanges and are able to independently construct indices for the aggregation of market data. Moreover, students are familiar with the legal framework for securities and capital markets.

Recommended or required reading and other learning resources / tools

Literature: Blanchard, O. und Illing, G.: Makroökonomie, München: Pearson Studium;
Mankiw, G.N.: Makroökonomik;
Samuelson/Nordhaus: Economics;

Mishkin: The Economics of Money, Banking, and Financial Markets;
Mishkin, Eakins: Financial Markets and Institutions;
Krugman, Obstfeld: Internationale Wirtschaft;
Blanchard/Illing: Makroökonomie;
Bofinger et al: Geldpolitik;
Gantenbein/Spremann: Finanzmärkte.
Holtemöller: Geldtheorie und Geldpolitik

Aicher/Schuhmacher, Wertpapierrecht;
Grünwald/Schummer, Wertpapierrecht;
Roth, Grundriß des österreichischen Wertpapierrechts;
Brandl, et al.: Handbuch Kapitalmarktrecht;

Mode of delivery

ILV

Prerequisites and co-requisites

Fundamentals of the finance, banking and insurance industries; Quanitative fundamentals, financial, banking and insurance products

Assessment methods and criteria

Final examination including continuous in-lecture assessment