# Curriculum

## Structure of the Program

The program is spread over four semesters (two years), with three semesters of course work and one semester to write the master thesis.

After the first term, students can decide whether to specialize in financial mathematics, in financial economics or in actuarial science. Depending on the chosen specialization, the focus of the optional courses to be taken in the second and third term will be on mathematical finance, finance or actuarial science, respectively. Besides the courses from these three areas, students are also requested to attend language or cultural courses.

The study plans show typical courses of study, seperately for the three possible specializations. Note that the credit points stated per semester are not binding: You do not need to achieve exactly the stated number of points per semester.

## Course schedule: Summer term 2019

If you want to take an exam in a course that is not listed here you must clarify this with Prof. Löffler by the end of April.

A timetable can be found here.

Courses that are taught in German that can be taken for Financial Economics include: Big Data Analytics (7 CP), Valuation (4 CP), Qualitatives Risikomanagement in der Versicherung (4 CP)

Courses that are taught in German that can be taken for Actuarial Science include: Qualitatives Risikomanagement in der Versicherung (4 CP)

Note that there are DAV Supplements which can be obtained in following courses:

- "Wirtschaftliches und rechtliches Umfeld" in Insurance Economics

- "Schadenversicherungsmathematik" (one part, other part can be obtained in Life-, Health- and Pension-Mathematics) in Risk Theory II

- "Modellierung und Enterprise Risk Management" in Asset Liability Management

* For MSc Finance students, the module "Financial Mathematics II" is made up of two lecture courses: Stochastic Analysis (first half of the semester) and Financial Mathematics II (second half of the semester). MSc Finance students will only be offered one final exam covering both courses that will count as "Financial Mathematics II" and will be worth 9 CP.

** Please note that German language courses other than the ones specifically offered for international MSc students are usually not eligible. Furthermore, English language courses and language courses in your mother tongue are not eligible.

If you need help in your course selection, you can contact Niklas Paluszkiewicz.

## Courses to be offered in the next terms

## Courses to be offered in the winter term 2019/20

Financial Mathematics | Mathematics | Financial Economics | Actuarial Science | Other |

Financial Mathematics I, 9 CP Risk Theory I, 9 CP Numerical Finance, 9 CP Time Series, 4 CP | An Introduction to Measure-theoretic Probability, 4 CP Stochastics 2, 9 CP Numerical Finance, 9 CP Mathematical Introduction to Machine Learning, 9 CP Causal Inference, 4 CP Time Series, 4 CP Optimization/OR 2, 9 CP Risk Theory I, 9 CP Graph Theory I, 9 CP | Asset Pricing, 7 CP Investment and Risk Management, 6 CP Business Unit Strategy and Corporate Finance, 7 CP Research in Finance, 4 CP Life, health and pension mathematics, 9 CP Behavioral Economics, 7 CP Behavioral Finance, 3 CP Organizational Economics, 7 CP Financial Statement Analysis, 2 CP | Life, health and pension mathematics, 9 CP Risk Theory I, 9 CP | Seminars Risk Management Roundup, 5 CP Practical Actuarial Science, 4 CP Additional Key |

If you want to take an exam in a course that is not listed here you must clarify this with Prof. Löffler by the end of October.

Note that there are DAV Supplements which can be obtained in the following courses:

- "Versicherungsmathematik" (one part) in Life,- Health and Pension-Mathematics

- "Angewandte Stochastik" in Risk Theory I

- "Finanzmathematik und Risikobewertung" in Financial Mathematics I (with supplemental course)

- Unternehmenssteuerung" in Risk Management in Insurance

*Please note that German language courses other than the ones specifically offered for international MSc students are usually not eligible. Furthermore, English language courses and language courses in your mother tongue are not eligible.

If you need help in your course selection, you can contact Niklas Paluszkiewicz.

## Courses to be offered in the summer term 2020

The course schedule is preliminary. There might be changes in the schedule.

Financial Mathematics | Mathematics | Financial Economics | Actuarial Science | Other |

Financial Mathematics II *, 9 CP Risk Theory II, 9 CP tba | Financial Mathematics II *, 9 CP Mathematics of Games, 9 CP Risk Theory II, 9 CP High Performance Computing 2, 8 CP Graph Theory II, 9 CP tba | Financial Modeling, 3 CP Credit Analysis, 7 CP Asset Liability Management, 10 CP Insurance Economics, 7 CP Issues in Emerging Markets Finance, 3 CP Advanced Financial Intermediation, 7 CP Data Analysis: Description, Inference and Causality, 7 CP Corporate Strategy, 7 CP tba | Insurance Economics, 7 CP Risk Theory II, 9 CP Asset Liability Management, 10 CP tba
| Seminars Practical Actuarial Science, 5 CP Practical Financial Engineering, 5 CP Additional Key |

If you want to take an exam in a course that is not listed here you must clarify this with Prof. Löffler by the end of April.

Courses that are taught in German that can be taken for Financial Economics include: Big Data Analytics (7 CP), Valuation (4 CP)

Courses that are taught in German that can be taken for Actuarial Science include:

Note that there are DAV Supplements which can be obtained in following courses:

- "Wirtschaftliches und rechtliches Umfeld" in Insurance Economics

- "Schadenversicherungsmathematik" (one part, other part can be obtained in Life-, Health- and Pension-Mathematics) in Risk Theory II

- "Modellierung und Enterprise Risk Management" in Asset Liability Management

* For MSc Finance students, the module "Financial Mathematics II" is made up of two lecture courses: Stochastic Analysis (first half of the semester) and Financial Mathematics II (second half of the semester). MSc Finance students will only be offered one final exam covering both courses that will count as "Financial Mathematics II" and will be worth 9 CP.

** Please note that German language courses other than the ones specifically offered for international MSc students are usually not eligible. Furthermore, English language courses and language courses in your mother tongue are not eligible.

If you need help in your course selection, you can contact Niklas Paluszkiewicz.