International Financial Economics

Area of specialisation D

What triggered the 2007 crisis in the financial markets? What exactly is a credit rating, who issues it and how does a rating process take place? On what factors does the exchange rate between the dollar and the euro depend? Is it possible to influence macroeconomic variables such as production through monetary policy? These are questions with which you will deal in the area of specialisation on International Financial Economics. In this module, you will get to grips with the financial markets from both a corporate and a macroeconomic perspective. Mathematical models play an important role here too for describing theories and research questions.

Conditions: Apart from the courses in the foundation programme (especially in mathematics, statistics and economic theory), no particular skills are expected in terms of content. The lecture on Capital Market Theory builds on other courses in this module meaning that you should simply pay attention here to the order in which you attend lectures. You ought to enjoy working with mathematical models and be interested in current and fundamental questions concerning the financial markets.


  • Econometrics I (8 ECTS credits)
  • Open Economy Macroeconomics (6 ECTS credits)
  • Capital Market Theory (6 ECTS credits)
  • Monetary Economics (5 ECTS credits)
  • Advanced Corporate Finance (5 ECTS credits)
  • Civil Law (3 ECTS credits)
  • International Investment and Finance (5 ECTS credits)  

Various courses from amongst the required electives on the scale of 24 ECTS credits. Apart from economics courses, assessments in other departments, i.e. in non-economics subjects, are also recognised.

You must also attend a seminar which guides you towards your final paper (bachelor’s thesis) and forms a thematic unit with it. This can be an economics or business administration seminar.

Admission to the bachelor's thesis is conditional on evidence of a total of 90 ECTS credits from exams and coursework in the foundation programme and the area of specialisation as well as attending the bachelor seminar. The seminar and the bachelor’s thesis form a thematic unit.

The time period allowed for writing the bachelor’s thesis is four weeks.

The bachelor’s thesis should not exceed 20 pages. 8 ECTS credits are awarded.