BFC-M-01: Financial Innovation

Winter Term 2023/2024

Course Description

The module discusses innovative financial products as well as their implementation within financial and risk management. To begin with, the main innovative financial products like forwards, futures and financial options are presented and their operating principle in the context of hedging is illustrated. Based on this, their valuation by means of financial market models is explained. The course focuses on the valuation of
financial options by means of the binominal model as well as in the frame of the Black-Scholes model. Furthermore, the main features of the state preference theory are taught.

Course and exam language: German

The Module in the Study Program

  • Module: BFC-M-01
  • Course level: Master
  • Recommended semester: 1-2
  • ECTS-Credits: 6
  • For information on the status of the course in the study program please refer to the website of the examining board ("Prüfungsausschuss")

Bibliography & Course Material

The corresponding bibliography and further information on the course can be found in the course catalogue ("Modulhandbuch", German only) available for download through

Course material as well as a detailed course syllabus will be provided on the Virtual Campus. The access code will be communicated in the course of the first lecture and may be requested by e-mail to bwl-bfc(at)

Registration & Scheduling

Registration and deregistration for the exam online through FlexNow! during the official registration period of the Faculty for Social Sciences, Economics, and Business Administration.

(Keine Daten aus UnivIS gefunden (BFC-M-01))