Banking and Insurance Industry

The course gives an introduction to the basics of banking economics, their history and significance for an economy including a market overview, as well as the most important banking products.

The core contents should be:

[1] Functions of money and basic concepts: cash, electronic money, book money, money supply, money creation, minimum reserve

[2] Market overview; Types of banks and structure of the banking system; Credit sectors

[3] National and European and International Institutions: FMA, OeNB, EBA, ECB, etc.

[4] Legal framework

[5] Functions of the banks and development: in particular transformation functions

[6] Lending: theory and practice of lending, types of credit, credit check, collateral, loan agreement

[7] Deposit business: types of bank deposits, deposit insurance

[8] Payment transactions

[9] Issuing business

[10] Trading Business...

Introduction of basics of insurance management, whose history and importance for the economy, a overview of the market, the most important insurance products.

The core content should be:

[1] Basics and history of the insurance industry

[2] Introduction of legal social insurance and whose distinction to the private insurance

[3] Overview of the market

[4] Legal framework and supervisors: FMA, EIOPA etc

[5] Insurability

[6] Risk theoretical standard model

[7] Risktransfer and spred of risks, law of big numbers

[8] Security equivalent and risk premium

[9] Core business and actuarial risk

[10] Basic products: Property and casualty insurance

[11] Life insurance and health insurance

Optional contents:

[12] more insurance operations (Services-, savings-, dissavings-, investment-, and other business) ...

The students learn basics of investment and financing, basics of financial mathematics, static and dynamic methods of investment calculations, critical comparison of evaluation criteria

The core contents include:

[1]: Financial mathematics: Interest calculation, calculation of annuities, redemption calculation

[2] Time value of money: time line, golden rules, interest rates

[2] Views of investment and financing: traditional vs capital market-oriented view

[3] Fisher model: Perfect capital market

[4] Static and dynamic methods of investment calculation; comparison of evaluation criteria

[5] Connection of Finance and Accounting; relevant cash flows in the investment calculations

[6] Forms of financing

[7] Comparison leasing, buying, renting The digital competences of the participants will be promoted in the course by the application of the learned contents in state of the art software (Excel, R, Python, etc).

The course gives an introduction to selected chapters of civil law and case-handling with particular emphasis on the General Section of Private Law. The students learn cases from subareas of private law and the solving of cases on the basis of claims. The acquisition of basic knowledge in various areas of private law is in the foreground with a special focus on contract law.

The core contents should be:

[1] Introduction to Law: Work Technique, Case Solution

[2] Persons: natural and legal persons, business and tort, ability, representation, power of attorney

[3] Things: property, possessions, principles

[4] Contracts: types of contracts, conclusion of contracts, defects before and at the conclusion of the contract, performance disruptions, warranty, security interests

[5] Obligations: Compensations, service conditions, use claim, management without order

[6] International Private Law, UN Sales Convention, Rome Regulations, ...

The course provides an introduction to European law and Austrian constitutional and administrative law and thus creates the basis for understanding the deepening of special legal matters.

The core contents be:

[1] Introduction to the law: especially structure of the legal system

[2] Basic principles of constitutional law

[3] State functions

[4] Legislation

[5] Administration

[6] International Law and Constitutional Law

[7] Austria in the European Union

[8] Legal Protection and Control

In this coure will be selected computer programs in the field of word processing, spreadsheets and statistical analysis presented and applied at an advanced level.

The core contents include:

[1] Word processing: directories, field functions, forms, form letters, macros, data integration

[2] Spreadsheet: Functions, Analyze, Filter and Sort, Scopes, Macros, Charts, Data Integration

[3] Presentations: Target group orientation, basic rules of presentation creation, embedding of external content, control of the presentation process

[4] Databases: concept of databases, database structure, queries, SQL

[5] Introduction to programming: programming languages; current developments: Machine Learning, Artificial Intelligence, Blockchain

[6] Introduction to R: Fundamentals, Variables, Dealing with Data, Graphical Representation The course is completely held as a blended learning course to promote the digital skills of the participants and the flexibility of the time.

The aim of this course is to develop English communication skills for business.

The core contents of this course include:

[1] General Business Engish & Basic Grammar Revision

[2] Reading and writing business correspondence

[3] Rollowing telephone conversations and discussions

[4] Talking about business-related matters

[5] Interpreting charts

The language of instruction is English.

The course includes an introduction of Accounting and Bookkeeping, the legal bases, basic terms of accounting and bookkeeping, the system of double-entry bookkeeping and Financial Accounting.

Core Content:

[1] Introduction and overview of business administration

[2] Structure, tasks and basic terms of Accounting

[3] Legal bases of Accounting

[4] Account system and chart of accounts

[5] System of double-entry

[6] Entering business transactions

[7] Basics of VAT

Basic terms of mathematics for economics, especially mathematics of finance, linear models, matrices. Mathematical and statistical fundamentals and tools for advanced quantitative arguments in the banking and insurance industry.

Core content should include:

[1] Mathematical basics (Repetition of algebraic transformations, logarithms, equations and inequalities, basics of set theory)

[2] Introduction of linear algebra (matrics, linear equation systems)

[3] Sequences and series, convergence, arithmetic and geometric sequences and series and whose application in financial questions

[4] Graphics of data

[5] Financial mathematics

[6] Functions with one variabel (basiscs, characteristics, differential and integral calculus and whose application in economic questions)
Optional content:

[7]: Fucntions with more variabels (basiscs, characteristics, differential and integral calculus and whose application), rates of change, elasticities …

The aim of the course is to show the students basic terms of statistics and an introduction of the data analysis with digital analysis tools.

Core content should include:

[1] Basics of descriptive statistics

[2] Frequencies, empirical distribution function

[3] Measure of location

[4] Empirical analysis and presentation of data

[5] Basic terms of probability theory (probability calculations, mathematical
laws, stochastic independence, conditional probability, sentence of total probability)

[6] Random variables: Basic terms, description of the distribution, parameters of distribution

[7] Special static distributions: Normal distribution, Lognormal distribution, X²-distribution, t-distribution, F-distribution

[8] Analysis of random variables: Covariance and correlation, expected value and variance of a sum of random variables.

[9] Limit theorem: Law of large numbers, central limit theorem